Centre Scraps Petrol Export Duty, Raises Diesel and ATF Levies

Jupiter Wagons Wins Rs. 3.24 bn ACT2 Wagon Orders from Private Firms

Jupiter Wagons has secured private-sector orders worth more than Rs. 3.24 bn from GATX India and Chetak International for its ACT2 automobile carrier wagons. The company announced the orders on 2 November 2026, saying the contracts would strengthen its business with private wagon-leasing and logistics operators. GATX India has issued a Letter of Intent (LOI) for the manufacture and supply of 10 rakes comprising 270 ACT2 wagons. The LOI is valued at Rs. 2.15 bn and covers the production and delivery of the company’s new-design automobile carrier platform. Chetak International has separately p..

Tata Motors Takes Control of Iveco with 89.42 Per Cent Stake

Tata Motors has taken control of Italian commercial-vehicle maker Iveco after acquiring an 89.42 per cent stake for approximately €3.43 bn, or Rs. 363.87 bn. The transaction gives India’s largest commercial-vehicle manufacturer control of a European business with annual revenue of Rs. 1.42 tn, while shifting attention to integration, cash-flow generation and repayment of acquisition debt. TML CV Holdings B.V., Tata Motors’ indirect wholly owned subsidiary, acquired 238.16 mn common shares at €14.40 apiece. The holding represents 89.42 per cent of Iveco’s common share capital, excludi..

Ambuja Cements to Invest Rs. 145 bn to Raise Capacity by FY30

Ambuja Cements will invest Rs. 145 bn to expand its cement capacity to 155 mn tonnes per annum by fiscal 2030. The planned investment, equivalent to $1.53 bn, will increase production capacity from the company’s current level of 113.5 MTPA. The company expects capacity to reach 119 MTPA by March 2027, with the wider expansion programme adding facilities across several major cement markets. The investment is intended to support the company’s long-term growth and strengthen its manufacturing network in India. The new capacity will be developed across Assam, Bihar, Jharkhand, Gujarat, Maharas..