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Three Iveco investors stand to gain €63 million as Tata Motors races to secure buyout

New Delhi, Oct. 23 -- Two hedge funds and an activist investor built stakes worth a combined €728 million in Italian truckmaker Iveco months before Tata Motors Ltd's takeover offer opened, posit... Read More


Automakers seek higher fuel vapour emission limit under BS VII citing E20 petrol

New Delhi, Oct. 23 -- India's automakers are likely to seek concessions under upcoming emissions regulations, citing the country's 20% ethanol (E20) blend in petrol, which is higher than in other econ... Read More


Confirmed: Hyundai Bayon to come with 3 driving modes

India, Oct. 23 -- Hyundai Motor India has confirmed that the upcoming Bayon SUV will come with three driving modes: Eco, Normal and Sport. The feature is part of the automaker's efforts to offer a mor... Read More


Honda, Mitsubishi sign MoU for complementary vehicle supply

India, Oct. 23 -- Japanese automakers Honda and Mitsubishi have signed a memorandum of understanding (MoU) to develop a new Honda pickup truck based on the Mitsubishi Triton. The model will mark the f... Read More


Y Combinator-Backed Firstwork Nets $15 Mn To Expand Footprint Across US And Europe

India, Oct. 23 -- US-based HR tech startup Firstwork has raised $15 Mn (over Rs.142 Cr) in a Series A funding round led by Earlybird Venture Capital, as it looks to expand its AI-led workforce automat... Read More


Seven dead, 11 injured in Gombe road crash

Nigeria, Oct. 23 -- Seven people, including three children, have died, while 11 others sustained injuries in a multiple-vehicle accident at Kumo in Akko Local Government Area of Gombe State. The cras... Read More


The CFO Code: Perfios' Prashant Mahagaonkar On Balancing Founder Ambition With Financial Discipline

India, Oct. 23 -- Getting an acquisition across the finish line can take months of negotiations, due diligence, paperwork and financial scrutiny. But closing the deal is only half the battle. The real... Read More


Tata Motors posts Q2 profit on strong commercial vehicle demand

New Delhi, Oct. 23 -- India's Tata Motors on Friday posted a quarterly profit compared to a loss a year earlier, helped by healthy demand for commercial vehicles. The automaker reported a profit of 2... Read More


51 Mercedes-Benz cars delivered in Hyderabad in Navratri season

Hyderabad, Oct. 23 -- As many as 51 Mercedes-Benz cars were delivered in Hyderabad during the Navratri season this year by the authorised dealer, Mercedes-Benz Silver Star. The festive season, includ... Read More


India's tougher crash tests for carmakers and the Bharat NCAP star rating that goes beyond them

India, Oct. 23 -- The Centre this month notified tougher crash-safety rules that every new car sold in India will have to meet, phased in from October 2027 to 2032. They cover what happens to the peop... Read More