CCI clears Delhivery’s Rs 1,400-cr acquisition of Ecom Express, 99.4% stake to give firm control, boost scale in e-commerce logistics

The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs 1,407 crore.“The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of…

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Railways to introduce 100 next-gen MEMU trains, 50 Namo Bharat trains, says Vaishnaw | India News

GURGAON/NEW DELHI: Short- and medium-distance rail travel will become smoother in the near future with the introduction of 100 next-generation Mainline Electric Multiple Unit (MEMU) trains and 50 Namo Bharat trains, railway minister Ashwini Vaishnaw said on Tuesday.Announcing the move, Vaishnaw said: “Yesterday (Monday) we made a major decision to manufacture 100 new MEMU trains….

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Rupee slips on oil spike, falls 30 paise to 86.34 against US dollar, traders cite geopolitical crisis & weak equities

The rupee weakened by 30 paise to close at 86.34 against the US dollar on Tuesday, pressured by a sharp rise in global crude oil prices and growing geopolitical uncertainty in the Middle East. A stronger greenback and muted domestic equity markets further weighed on the local unit.At the interbank foreign exchange market, the rupee…

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Cash-at-home case: Kapil Sibal calls Yashwant Varma ‘one of the finest judges’; condemns impeachment move | India News

Kapil Sibal (PTI photo/ file) NEW DELHI: Rajya Sabha MP and senior advocate Kapil Sibal on Tuesday called Justice Yashwant Varma “one of the finest judges” and criticised the central government for initiating impeachment proceedings against Varma, in whose storeroom a huge amount of cash was found.Saibal alleged that the government’s “real motive” behind the…

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83 Air India wide-body flights cancelled between June 12–17, 66 were Boeing 787s: DGCA | India News

NEW DELHI: Aviation regulator, the Directorate General of Civil Aviation (DGCA), has revealed that Air India cancelled 83 wide-body flights between June 12 and June 17, 2025 (till 6 PM), including 66 operated by Boeing 787 aircraft.The disclosure comes amid heightened scrutiny of the airline’s operations following a recent fatal crash and a series of…

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