India's deal activity rises to $11.6 billion in July

IANS | August 12, 2026 2:40 PM

New Delhi, Aug 12 (IANS) India's dealmaking activity accelerated in July as overall transaction value reached $11.6 billion across 210 deals due to a rebound in mergers and acquisitions (M&A), steady private equity (PE) investments and the strongest capital markets activity of the year, a report said on Wednesday.

India can play a key role in linking Middle East ties: Report

IANS | August 12, 2026 2:33 PM

New Delhi, Aug 12 (IANS) India has emerged as a country that is capable of linking the United States, Israel, the UAE and Saudi Arabia with plans for economic corridors, technological partnerships, resilient supply chains, and strategic connectivity in the Middle East region, according to an article in the Jerusalem Post.

FAME-II scheme supported sale of 16.72 lakh electric vehicles: Govt

IANS | August 12, 2026 1:46 PM

New Delhi, Aug 12 (IANS) The Centre’s Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India) Scheme Phase-II has supported the sale of approximately 16.72 lakh electric vehicles, including e-2Ws, e-3Ws, and e-4Ws. In addition, 5,299 electric buses (e-buses) have been deployed under the Scheme (as on July 31), the Ministry of Heavy Industries said on Wednesday.

KT Q2 net profit sharply down due to data breach fines

IANS | August 12, 2026 9:14 AM

Seoul, Aug 12 (IANS) South Korea's major mobile carrier KT Corp said on Wednesday its second-quarter net income fell 34.5 per cent from a year earlier due to the effect of government fines from its massive data breach.