The Reserve Bank of India (RBI) Wednesday raised policy interest rates for the fifth time this year, but by an expectedly smaller quantum, with inflation seen to have possibly peaked.
Mukesh Ambani’s Reliance Industries Ltd (RIL) is in advanced talks with Hinduja-owned truck and bus maker Ashok Leyland for the development and supply chain of hydrogen-powered engines, said two people aware of the development.
Amid global demand headwinds and layoffs, nearly a dozen multinationals including Nestle, PepsiCo, Coca-Cola, Mondelez, L’Oreal and Anheuser-Busch InBev are doubling down on India with higher investment.
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