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The Enforcement Directorate (ED) launched a series of coordinate searches across multiple corporate offices of the Vedanta Group as part of a major investigation into alleged violations under the Foreign Exchange Management Act (FEMA). The central law enforcement agency targeted four major premises linked to the billionaire Anil Agarwal-led global mining conglomerate, including regional corporate hubs located in Delhi, Mumbai, and Udaipur. According to senior federal officials, the ongoing probe is focused closely on civil provisions of FEMA and specifically scrutinizes high-value cross-border financial transactions. Investigators are reportedly examining structures involving foreign financial routing, including a specific 2023 transaction where…

TVS Motor Company reported its highest-ever monthly sales performance in May 2026, registering total sales of 5,66,585 units, marking a 31 per cent growth compared to 4,31,275 units sold during the same month last year. The company said total two-wheeler sales rose 31 per cent to 5,43,111 units in May 2026 from 4,16,166 units a year ago. Domestic two-wheeler sales also recorded strong growth of 24 per cent, increasing to 3,84,565 units from 3,09,287 units in May 2025. Motorcycle sales grew 30 per cent to 2,73,802 units, while scooter sales rose 32 per cent to 2,20,740 units during the month.…

Renault India, a wholly owned subsidiary of the Renault Group, continued its strong growth trajectory by recording its ninth consecutive month of wholesale growth in May 2026, extending a positive run that began in September 2025. The automaker reported cumulative wholesale sales of 38,225 units between September 2025 and May 2026, marking a significant 46 per cent increase compared to the corresponding period last year. The performance highlights the company’s steady expansion in the Indian passenger vehicle market amid intense competition. According to VAAHAN data, Renault was among only two passenger vehicle manufacturers in the country to register positive retail…

The Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the World Economic Forum (WEF), on Monday convened the High-Level Roundtable of the India Skills Accelerator (ISA) in New Delhi to discuss measures for closing emerging skills gaps and strengthening India's position as a global talent hub. Held under the theme “From Insight to Action: Closing Skills Gaps for Growth”, the roundtable brought together leaders from government, industry, academia, international organisations and development partners. The discussions focused on workforce readiness, skills financing, emerging technologies and aligning skilling systems with evolving labour market demands. The India Skills Accelerator, announced in…

In a major development from the corporate world, the Enforcement Directorate has launched a series of searches against the mining conglomerate, Vedanta Group. According to official sources, the federal agency initiated these searches on Monday as part of an ongoing investigation under the Foreign Exchange Management Act, or FEMA. The probe targets the operations of the multi-billion-dollar enterprise promoted by businessman Anil Agarwal. While specific details regarding the exact nature of the alleged financial irregularities have not yet been disclosed by the authorities, sources confirm that the federal agency is currently scrutinizing several cross-border financial transactions and foreign exchange dealings…

Nissan Motor India Pvt. Ltd. (NMIPL) reported a strong performance in May 2026, registering a 118 per cent year-on-year increase in domestic wholesales as the company continued its growth momentum in the Indian market. The company said domestic wholesales stood at 2,948 units during the month, while exports reached 5,023 units. Total wholesales for May were recorded at 7,971 units. The latest figures mark Nissan India's third consecutive month of year-on-year domestic sales growth. Commenting on the performance, Saurabh Vatsa, Managing Director of Nissan Motor India, said the sustained growth reflects increasing customer trust in the brand. He attributed the…