Category: Business

Business

TCS to buyout Porsche’s MHP for €320 million EV in major automotive AI partnership

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TCS to buyout Porsche’s MHP for €320 million EV in major automotive AI partnership

K. Krithivasan, CEO & MD, TCS and Dr. Michael Leiters, CEO, Porsche AG at the MoU signing ceremony marking the partnership | Photo Credit: By Special Arrangement  Tata Consultancy Services (TCS) is planning to fully acquire MHP Management- und IT-Beratung GmbH (MHP), Porsche AG’s Germany-based management and IT consulting subsidiary, for an enterprise value of…

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Business

ALLEN charts expansion, eyes acquisitions and ₹3,800cr IPO to fund next phase

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ALLEN charts expansion, eyes acquisitions and ₹3,800cr IPO to fund next phase

Alllen launches Mangaluru Centre | Photo Credit: The Hindu ALLEN Career Institute, the 38-year-old test-preparation company, is gearing up for a major expansion across India, backed by technology investments, selective acquisitions and a proposed initial public offering (IPO) of around ₹3,800 crore. The Kota-based education company, which has transformed from a family-run coaching institute into…

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Business

TVS SCS and Sankyu forge partnership for domestic and overseas expansion; Japanese firm to buy 0.5% stake

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TVS SCS and Sankyu forge partnership for domestic and overseas expansion; Japanese firm to buy 0.5% stake

: TVS Supply Chain Solutions (TVS SCS) Ltd and Japan-headquartered logistics and engineering company Sankyu Inc. have entered into a strategic partnership to jointly pursue opportunities in supply chain and engineering services, with an initial focus on India and plans to expand across overseas markets in Asia, Middle East and Africa. The collaboration will initially…

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Business

Stock markets end lower amid simmering geopolitical tensions, elevated crude oil prices

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Stock markets end lower amid simmering geopolitical tensions, elevated crude oil prices

Benchmark equity indices Sensex and Nifty ended lower on Monday (August 24, 2026) as persistent geopolitical tensions and elevated crude oil prices hampered risk appetite. Investors remained cautious ahead of fresh U.S. sanctions on Iran, experts said. Despite a positive beginning, the 30-share BSE Sensex failed to carry forward the momentum and declined 171.72 points,…

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Business

Rupee falls 3 paise to close at 95.74 against U.S. dollar

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Rupee falls 3 paise to close at 95.74 against U.S. dollar

Image used for representational purposes. File | Photo Credit: Reuters The rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the U.S. dollar on Monday (August 24, 2026), on a positive American currency and weak domestic markets. Forex traders said the USD/INR pair traded in a narrow…

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Business

Oriental Hotels to merge with Tata Group’s IHCL

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Oriental Hotels to merge with Tata Group’s IHCL

Puneet Chhatwal (right) Managing Director and Chief Executive Officer of Indian Hotels Company Limited (IHCL) and Palaniappan Ampa, President and Owner of Ampa group addressing the media. File | Photo Credit: The Hindu The Indian Hotels Company Limited (IHCL), India’s largest hospitality company belonging to the Tata Group, has announced that Oriental Hotels Limited (OHL)…

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Business

Tata Group’s IHCL to merge with Oriental Hotels

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Tata Group’s IHCL to merge with Oriental Hotels

Puneet Chhatwal (right) Managing Director and Chief Executive Officer of Indian Hotels Company Limited (IHCL) and Palaniappan Ampa, President and Owner of Ampa group addressing the media. File | Photo Credit: The Hindu The Indian Hotels Company Limited (IHCL), India’s largest hospitality company belonging to the Tata Group, has announced that Oriental Hotels Limited (OHL)…

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Business

Stock markets rise in early trade on buying in blue-chips

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Stock markets rise in early trade on buying in blue-chips

Image used for representational purposes only. | Photo Credit: ANI Benchmark equity indices Sensex and Nifty were trading higher in early trade on Monday (August 24, 2026), driven by buying in blue-chip stocks HDFC Bank and Infosys amid positive global cues. However, persistent geopolitical tensions and elevated crude oil prices continue to hamper risk appetite,…

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Business

Rupee rises 7 paise to 95.64 against U.S. dollar in early trade

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Rupee rises 7 paise to 95.64 against U.S. dollar in early trade

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee traded in a narrow range and rose 7 paise to 95.64 against the American currency in early trade on Monday (August 24, 2026), supported by a softer U.S. dollar, but simmering geopolitical tensions kept it from making strong gains. Forex traders said…

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Business