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B2B commerce platform Udaan will acquire Swiggy’s retail distribution business Lynk Logistics in a ₹500 crore all-stock transaction, expanding Udaan’s presence across major consumption markets while giving Swiggy a stake in its parent company.
The Indian Army has signed its first contract for the US-made FGM-148 Javelin anti-tank guided missile, nearly 17 years after it began pursuing the weapon, with the limited emergency purchase potentially paving the way for future production in India.
India’s second-largest tractor manufacturer, TAFE, plans to invest up to ₹1,250 crore in a new north India manufacturing plant as the company expands capacity to meet rising domestic and export demand.
Greece and Israel are expected to sign agreements for the development of the ‘Achilles Shield’, a multi-layered air defence system designed to counter aircraft, missiles and drones.
The United States remains the world’s strongest financial centre, while the UK and Hong Kong continue to dominate specific areas of banking and capital markets, according to a decade-long analysis by New Financial.
