Investment

Kotak Mahindra Bank Secures RBI Approval for Strategic Stakes in AU Small Finance and Federal Bank

News Desk18 hours ago03 mins

Regulatory Approval Marks Strategic Shift The Reserve Bank of India (RBI) has granted formal approval to Kotak Mahindra Bank to acquire up to 9.99% of the paid-up share capital in both AU Small Finance Bank and Federal Bank. This regulatory clearance, announced this week, allows one of India’s leading private lenders to significantly expand its…

Honda Pauses $15 Billion Canadian EV Factory Amid Market Shift

News Desk2 days ago03 mins

Shifting Strategies in North America Honda Motor Co. has indefinitely suspended its plans to construct a $15 billion electric vehicle (EV) manufacturing facility in Ontario, Canada, citing cooling consumer demand across North America. The decision, reported by Nikkei Asia on May 6, marks a significant pivot for the Japanese automaker as it reassesses its electrification…