IDBI gets a $5.5 bn makeover in India's biggest bank deal

Deepinder Goyal is preparing to launch Temple, a forehead-worn wellness device that measures the body's metabolic state in real time, marking his first major venture after stepping down as CEO of Eternal. Expected to launch within six months to a year, the wearable will cost about $1,000 and target athletes, founders and executives.

India is exploring the option of privatizing its thorium sector to enhance critical mineral supply chains and advance its nuclear energy initiatives. Legislative measures are being considered to enable selective coastal monazite sand mining for thorium extraction. Additionally, there will be a focus on accelerating research to effectively transform thorium into uranium-233, aiming for significant domestic production increases.

Mini car sales saw a significant increase last quarter, doubling after a three-year slump. This surge followed recent Goods and Services Tax rate reductions, making these vehicles more affordable. Entry hatchbacks, under 3.6 meters, experienced a 107% rise in sales year-on-year. Previously, sales had dropped by 62% from their peak due to rising costs. The market now shows renewed demand for these economical vehicles.

While the government is trying to ensure that the final report is released quickly, establishing the truth behind the crash remained its top priority, the minister said.

The banking sector led by far with 20 names in the top 100 list. However, ‘diversified’ groups, mostly legacy conglomerates, were far ahead in terms of value, with just nine corporate brands taking up a combined 35% share and banks cornering 21%.

Air India Express Abu Dhabi service will operate thrice weekly, connecting travelers directly to the UAE. The airport's international services began over six months after domestic operations commenced. This expansion strengthens connectivity across the Mumbai Metropolitan Region.

New draft rules propose telecom-style regulation for broadcasting services and internet television, leaving broadcasters worried about internet inclusion in terrestrial transmission and IPTV definitions. Stricter penalties and authorisation requirements have also raised significant industry concerns. consulting on regulating application-based linear television distribution services.