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Vellayan Subbiah, Executive Chairman of Cholamandalam Investment & Finance Company Cholamandalam Investment and Finance Company Ltd (CIFCL), on Tuesday, said that allegations raised against the company by a media portal were “malicious and baseless,” and wants regulators to look into the motives behind it. The company is also evaluating legal action against the publishers of

Beijing wants consultations on India’s tariffs on technology products such as telephones, smartphones, PV cells and certain other machines and devices, which it says exceed bound rates (ceiling rates committed to at the WTO), per a submission made to the WTO by China on Tuesday. It also wants consultations on the conditions that govern the

Bengaluru-based real estate developer Puravankara Limited has acquired a 53.5-acre parcel of land in Anekal Taluk, Bengaluru. This comes as the company has been focusing more on expanding in Bengaluru’s micro markets. The land parcel in Attibele Hobli has a saleable area of 6.4 msft and a potential gross development value of over ₹4,800 crore.

Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation. The company is also weighing additional ways to shore up liquidity, including raising emergency financing or

Synopsis Samsonite, a global luggage leader, faces new digital-first competitors in India. The company prioritizes brand value over deep discounts, resisting pressure to match rivals’ pricing. Domestic travel and weddings fuel demand. Samsonite sees India as a key market, with its brands catering to various price points. Repeat purchases are expected to favor established names.

Huawei Technologies Co’s ultra-luxury Maextro S800 sedan is so popular in China nowadays, it’s outselling Porsche AG’s Panamera, Mercedes-Benz Group AG’s S-Class and all other vehicles with sticker prices of at least $100,000. It’s not even close. Since its May launch, sales of the Maextro overtook those of all others in that price bracket in

Chennai: BJP’s election in-charge for Tamil Nadu, Piyush Goyal, on Tuesday held talks with AIADMK chief Edappadi K Palaniswami. Seat-sharing arrangements between the two parties were also expected as part of the discussions as the parties ready themselves for a possible pre-poll understanding ahead of the elections next year. “I’m delighted to be in Chennai

New Delhi: The BJP on Tuesday mounted a sharp attack on Leader of the Opposition Rahul Gandhi, accusing him of hatching a conspiracy to defame India’s institutions while abroad. Terming Gandhi’s overseas engagements as “anti-India,” BJP general secretary Tarun Chugh said a deliberate attempt was being made to malign the country on foreign soil. “A