Tata Motors has signed a definitive agreement with Ford Motor Co to acquire its plant in Sanand, Gujarat, late Sunday evening. The homegrown carmaker will pay ₹725.7 crore for the plant and the workforce, they said.

Prime Minister Narendra Modi urged states to focus on reducing imports and increasing exports, asking them to identify opportunities and encourage people to use locally made goods as much as possible.

The Securities and Exchange Board of India (Sebi) is considering an ambitious plan to alter the payment mechanism in stock market trades.

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