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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Pune-based automaker will have to completely revamp the operations of its near-bankrupt Austrian partner to reap the upside of a stable of high-end motorcycles and their enduring appeal.
Rajiv Bajaj has painted himself into a corner. His Bajaj Auto is forking out a massive 880 million euro (~47% of its FY25 net cash) on a rescue bid of KTM AG, teetering on the brink of bankruptcy. The bid itself is subject to regulatory scrutiny and, if approved, will see the Indian company go from a minority investor and manufacturing partner of the Austrian motorcycle maker to its sole owner.
It’s not as if Bajaj has much of a choice. KTM is an important piece of the puzzle for his motorcycle ambitions. Since 2007, Bajaj Auto has jointly developed …
Big AI moves in the Middle East this week, Saudi Arabia-backed LIV Golf files for bankruptcy and other updates.
The UAE’s stock markets are clawing back lost ground after losing more than $120 billion at the peak of the conflict.
The interim deal between Tehran and Washington to end hostilities in the Mideast, another IPO on hold, and other news updates from the week.
