Takara Standard is looking to enter Indian market as it seeks to expand its business overseas and meet the needs of customers in new markets. The company's proprietary enameled “HORO” built-in kitchens are designed to bring additional comfort to the lives of people in India, where rapid changes in lifestyles have prevailed in recent years. The high-quality enamel used in these kitchen systems has a glassy surface that can be easily cleaned with a quick wipe, making it ideal for Indian consumers whose cooking requires a lot of oil. Additionally, the steel base of the products helps eliminate the risk of termite damage and corrosion due to moisture.

Buying a Hyundai factory in Russia will cost as much as a one-night stay at a three-star property in most places across the world. The Korean car manufacturer will sell its plant here for a token amount of $77 (approximately ₹6,400), taking a mammoth hit of $219 million. It has no choice because much like most global car brands, it too wants to pack up and ship out of Russia in the aftermath of the invasion of Ukraine.

Hyundai informed of its plans to sell its Russia plant in a regulatory filing that was highlighted by several European media outlets, including Automotive News Europe. While production at this facility ceased in March of 2022 post the Russian invasion of Ukraine, the company now wants to wash its hands off of the facility entirely.

Robin Raina-led technology firm Ebix Inc has filed for bankruptcy under Chapter 11 in Texas, according to media reports. The company's deadline to pay debtors ended yesterday (December 17) and the company is unlikely to be able to pay back the debtors after multiple forbearances over the last few months.

There are no filings or disclosures on the bankruptcy on the Securities and Exchanges Commission or Nasdaq, where Ebix is listed.

Ebix runs a financial transactions and remittances company Ebixcash in India and it is not clear how the events will impact the operations in the country.

Ebix Inc. files for Chapter 11 bankruptcy protection in Northern Texas, according to a court filing, Bloomberg reported.

Several subsidiaries of Ebix have also filed for bankruptcy, according to a Dec 17. court filing. The law firm Sidney Austin LLP has been assigned as bankruptcy counsel, while Jefferies LLC will act as the investment banker to the proceedings, according to the filing.

The filing says that each subsidiary and advisors will “conduct a fulsome marketing and sale process” for the assets of the company. The Texas court will hear the case on Dec. 19.

Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said.

Markets may face near-term consolidation due to elevated valuations, they noted.

"While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.