Bosch expands India footprint: German giant acquires 74.2% in Johnson Controls-Hitachi AC India; marks its biggest global acquisition

Robert Bosch Gmbh is set have a bigger presence in India as it eyes acquiring control of Johnson Controls-Hitachi Air Conditioning India (JCHAI).According to a stock exchange filing on Monday, Bosch acquired a 74.2% stake from JCHAI’s parent organisations Johnson Controls-Hitachi Air Conditioning Holding (UK) and JCHAC India HoldCo Ltd, effective July 31, reported the…

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Trump’s tariff threats & jibes: India calls out US, EU hypocrisy in clear message, says ‘revealing that countries criticizing…’ – top 10 points

After imposing a 25% tariff on India last week, Trump targeted Russia and India, calling them ‘dead economies’. (AI image) US President Donald Trump’s 25% tariff, threats of higher duties, additional penalties, and jibes calling India a ‘dead economy’ don’t appear to have gone down well with India. The Narendra Modi government is calling out…

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India’s services sector logs 11-month high: Export orders, sales drive July growth; job creation slows

India’s services grows (Representative image) India’s services sector expanded at its fastest pace in 11 months in July, supported by a sharp rise in export orders and solid sales growth, according to the HSBC India Services PMI released Tuesday. The Services Purchasing Managers’ Index (PMI) rose marginally to 60.5 in July from 60.4 in June,…

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Trump tariffs: India under fire from US over Russian oil imports; China buys more but escapes criticism, says GTRI

As the tension between US and India escalate with regards to trade talks, a recent Global Trade Research Initiative (GTRI) report called out Donald Trump claiming the US President has been selectively criticising India regarding Russian oil imports while remaining silent about China’s involvement.The report, cited by ANI, presented data showing China as the primary…

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Stock market today: Nifty50 opens below 24,700; BSE Sensex down over 150 points as Trump’s higher tariffs warning weighs on sentiment

Market participants are awaiting crucial global economic indicators, including US Services and Manufacturing PMI releasing today, alongside financial results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was below 24,700, BSE Sensex dropped over 150 points. At 9:23 AM, Nifty50 was trading…

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Trump’s threat spells uncertainty for exporters

New Delhi: American President Donald Trump’s latest announcement of a possible “substantial increase” in tariffs on Indian goods, added to the uncertainty for exporters, amid indications that govt was looking at select segments of affected industries instead of a broad-based support.To go ahead with the orders for the upcoming busy season around Christmas, tariff uncertainty…

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P B Balaji to be 1st Indian CEO of JLR

New Delhi: PB Balaji, the group CFO of Tata Motors, will take charge as the CEO of British marquee Jaguar Land Rover from Nov this year, becoming the first Indian to lead the luxury car ompany in an executive role. Balaji will succeed Adrian Mardell, who expressed his desire to retire from JLR after three…

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