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Adani moves ahead with ₹5,700 crore Jaypee asset buyout under monitoring panel’s watch

Adani moves ahead with ₹5,700 crore Jaypee asset buyout under monitoring panel’s watch

The Adani Group's acquisition of key assets of Jaiprakash Associates has formally entered the implementation stage, with the constitution of a monitoring committee for the exercise. This oversight body will monitor a number of transaction agreements worth nearly ₹5,700 crore in total to ensure a smooth transfer of the operations and properties of the debt-laden firm to various Adani business entities. The monitoring panel, set up to supervise the insolvency resolution plan approved by the National Company Law Tribunal, formally cleared the signing of definitive asset-transfer agreements. With this authorised structure in place most of the asset buyout will be…
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Indian National Congress Holds Talks on Leader of Opposition in Assam Assembly

Indian National Congress Holds Talks on Leader of Opposition in Assam Assembly

Senior Congress leader Gaurav Gogoi said the party high command will take the final decision on the appointment of the Congress Legislature Party (CLP) leader in Assam after holding consultations with party MLAs. Gogoi made the statement after returning from meetings with the Congress central leadership regarding the selection of the Leader of the Opposition in the Assam Legislative Assembly. Speaking to reporters, Gogoi said the decision would be taken by the All India Congress Committee (AICC) after discussions with the newly elected legislators of the party. “The All India Congress Committee will take the decision on who will become…
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Assam Legislative Assembly Holds First Session as MLAs Take Oath

Assam Legislative Assembly Holds First Session as MLAs Take Oath

Assam Chief Minister Himanta Biswa Sarma took oath as a member of the 16th Assam Legislative Assembly on Thursday as the first session of the newly elected House began in Guwahati.The oath was administered by Protem Speaker Chandra Mohan Patowary during the opening proceedings of the Assembly session. Sarma took the oath in Assamese. Soon after the chief minister’s oath-taking, MLAs from different political parties also took oath as members of the Assembly. The ceremony reflected the linguistic diversity of Assam, with legislators taking oath in Assamese, Bengali, Bodo and Sanskrit. Before the swearing-in process started, Patowary informed the members…
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SBI Fuels India’s EV Ecosystem With ₹8,000 Crore Funding Line to JSW Motors

SBI Fuels India’s EV Ecosystem With ₹8,000 Crore Funding Line to JSW Motors

Billionaire Sajjan Jindal’s automotive venture, JSW Motors, has secured a massive ₹8,000 crore ($826 million) funding line from the State Bank of India (SBI). This major financial backing ensures the company’s ambitious plans for its new energy vehicle business remain firmly on track. According to sources familiar with the matter, the credit facility from India’s largest lender carries a tenor of more than 10 years. A spokesperson for JSW Motors confirmed that the capital will partially fund a greenfield manufacturing facility in Maharashtra. To manage its exposure, SBI may later sell down parts of the loan to other lenders in…
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Assam Chief Secretary Reviews Price Monitoring of Essential Commodities

Assam Chief Secretary Reviews Price Monitoring of Essential Commodities

Assam Chief Secretary Ravi Kota on Wednesday chaired a video conference with District Commissioners to review price monitoring of essential commodities and market stability. The meeting was held in continuation of the review by Chief Minister Himanta Biswa Sarma earlier. The Chief Secretary emphasized strengthening district level mechanisms through regular reviews, field inspections and strict enforcement to prevent hoarding, artificial scarcity and price escalation. He directed the District Commissioners for immediate holding of District Level Task Force meetings and sharing of minutes; similar monitoring at Co-district, Circle and Block levels with all stakeholders; intensification of field-level monitoring of stock and…
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Assam Chief Minister Himanta Biswa Sarma formally assumes office as MLA

Assam Chief Minister Himanta Biswa Sarma formally assumes office as MLA

Assam Chief Minister Himanta Biswa Sarma today took oath as an MLA on the first day of the new assembly. ProTeam Speaker Chandra Mohan Patowary administered the oath to Sarma for the 16th Assam Legislative Assembly. "Truly humbled to take oath as a Member of the Assam Legislative Assembly for the 6th consecutive term as a representative of the people of Jalukbari," Sarma said. "It is an honour to serve in this august House. I look forward to healthy deliberations with my fellow MLAs," he added. Sarma took his oath in the Assamese language. Patowary said, "All the members can…
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Decision on Assam CLP leader rests with party high command, says Gaurav Gogoi

Decision on Assam CLP leader rests with party high command, says Gaurav Gogoi

Congress leader Gaurav Gogoi on Wednesday said a final decision on the appointment of the Congress Legislature Party leader in Assam would be taken by the party high command after consultations with party MLAs. “The All-India Congress Committee (AICC) will decide who will lead the Congress legislative wing in the state. In this regard, a meeting of Opposition legislators is scheduled to be held on Thursday evening,” Gogoi said. Gogoi made the remarks after returning from discussions with the Congress central leadership regarding the selection of the Leader of the Opposition in the Assam Legislative Assembly. He further stated the…
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BJP MLA Rupjyoti Kurmi sparks controversy with remarks on development

BJP MLA Rupjyoti Kurmi sparks controversy with remarks on development

Re-elected BJP MLA Rupjyoti Kurmi has sparked fresh political controversy after publicly stating that areas which voted heavily in his favour in the recently concluded Assam Assembly elections would receive priority in development works. Kurmi made the remarks on Wednesday while addressing a felicitation programme organized by the Government Gaonburha Association along with BJP workers from the Mariani, Selenghat and Koliapani BJP mandals. The six-time MLA, known for his outspoken and often controversial statements, said development projects in the constituency would first focus on areas that strongly supported him electorally. “All those who voted for me or the areas with…
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NH projects in Assam reviewed by Union Minister Nitin Gadkari

NH projects in Assam reviewed by Union Minister Nitin Gadkari

Union Road Transport and Highways Minister Nitin Gadkari reviewed the progress and maintenance quality of National Highway projects covering 4,178 kilometers in Assam during a high-level meeting. According to an official statement, the review was initiated following inputs received through media reports and social media feedback regarding highway conditions and project implementation. The meeting was attended by Union Ministers of State Ajay Tamta and Harsh Malhotra, along with officials from NHAI, NHIDCL, MoRTH, and project contractors. Gadkari emphasized the need to accelerate on-ground execution, strengthen quality monitoring mechanisms, and adopt modern construction practices to enhance asset durability and riding quality.…
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Premium Italian Two-Wheeler Brand Motohaus Expands Presence In Northeast With Guwahati Launch

Premium Italian Two-Wheeler Brand Motohaus Expands Presence In Northeast With Guwahati Launch

Motohaus India, a premium Italian electric two-wheeler brand, has expanded its footprint in Northeast India with the launch of its Guwahati showroom on Wednesday.The dealership brings premium European mobility brands Brixton Motorcycles and VLF Scooters to one of the region's most strategically important and rapidly growing automotive markets.The new dealership marks another significant milestone in Motohaus India's aggressive expansion strategy across key metropolitan and emerging markets in India.This is the 15th showroom of the company in India, and the second in the Northeast.Motohaus India plans to open 15 more showrooms across India by the end of 2026.The newly inaugurated Motohaus…
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