Democracy is Advancing in India

More than 900 million voters are eligible...

Court frames sexual harassment charges against ex-WFI chief

NEW DELHI: Delhi’s Rouse Avenue Court has...

Tug of war for Kerala Congress president’s chair comes to a halt

NEW DELHI: Earlier, Congress veterans M.M. Hassan and...

Nivedita Mukherjee

LS poll slows down CV volume growth

NEW DELHI: India’s general elections are slowing down the commercial vehicles (CV) industry with volumes for the domestic CV industry remaining muted as the...

Surge in exports to EU, push into Africa, GCC signal India’s shift

NEW DELHI: India’s merchandise exports seem to have weathered the headwinds quite well so far amid heightened geopolitical tensions that have rendered the global...

Focus needed on interest subvention plan: FIEO CEO

NEW DELHI: Director General & CEO, Federation of Indian Export Organisations (FIEO) Ajai Sahai shares with The Sunday Guardian his hope to see the...

India sales spur Hyundai Motor Co. growth outside S Korea by 5.2 %

NEW DELHI: A strong performance in India sales along with that in North and South America has pushed Hyundai Motor’s sales growth outside South...

PV industry forecasts sales of 337,000 in Apr

NEW DELHI: It’s not business as usual for the automobile industry as only a few original equipment Makers (OEMs) reported sales on 1 May....

Sunflower oil refiners brace for 8-10% decline in volumes in FY25

NEW DELHI: Indian refined sunflower oil volumes are expected to decline 8-10 per cent in fiscal 2025, with domestic consumers shifting back to soybean...

India to expedite CECA with Australia

NEW DELHI: Commerce Secretary, co-chaired the first Joint Committee Meeting along with his Australian counterpart in Canberra and reviewed the progress of India-Australia CECA. India and...

HMIL to boost output to 1.5 mn units by 2030

NEW DELHI: Solid sales in markets like India have powered Hyundai Motor’s sales growth in markets outside Korea which were up by 1.9 per...

FPI inflows to boost India’s business

NEW DELHI: Fin min’s monthly economic report highlights three pillars of this buoyancy. India is experiencing a business renaissance which is sparking growth and optimism from...

Rising air traffic to lift pvt airports’ revenue by 30% in FY25

NEW DELHI: An expected increase of 10 per cent in passenger traffic on the high base of fiscal 2024, combined with capital expenditure (capex)-linked...

Wealth distribution as means to oust inequality is problematic: India’s ex chief statistician

NEW DELHI: At a time when Congress leader Rahul Gandhi has been speaking of wealth survey and redistribution of wealth from his campaign platforms...

Indian OEMs yet to adopt inventory management practice

NEW DELHI: No Indian auto manufacturer till date has implemented just-In-time (JIT) end-to-end in supply chain, a widely adopted inventory management practice in the...

Auto industry sees 24 deals at $357 mn in Q4 2023

NEW DELHI: The Indian automotive industry saw sustained deal activity in the first quarter of 2024 (January to March) albeit with declined ticket sizes....

Industry hopes for better charging Infra

NEW DELHI: Tesla has been exploring the possibility of establishing a manufacturing plant in the country, in lieu of customs duty concessions. Ahead of Elon Musk’s...

Need for India-Bangladesh economic cooperation deal: CUTS

NEW DELHI: India needs exploring partnership opportunities to navigate the changing trade dynamics effectively. Even as Bangladesh and Japan move forward with the signing of...

India calls for balancing energy stability amidst oil volatility

NEW DELHI: India has emphasised the importance of balancing market stability, affordability, with pragmatism and its commitment to support efforts to achieve balance in...

PM’s meeting with gamers sheds light on industry that got Rs 22,931CR as investment in 4 years

NEW DELHI: Multiple courts have now ruled that online games are a ‘game of skill’, as opposed to gambling which is a ‘game of...

Global merchandise trade volume to grow by 2.6% in 2024

In merchandise trade, where exports are concerned, India ranked 17th globally, with a 1.8 per cent share in world trade, amounting to USD 432...

Economists calculate the cost of Congress manifesto, seek roadmap for manufacturing growth

Economists, however, say that a revision of tax rates by the incumbent government is needed. Amidst the emerging slugfest between “Modi’s Guarantee” and the Congress’...

Hyundai achieves record sales

India’s automobile industry’s wholesales in March 2024 of passenger vehicles grew 10 per cent, two-wheelers were up 20 per cent while sales of medium...

We expect merchandise exports at $435-440 bn in FY24: Ajay Sahai

There has been transformation in India’s exports led by the Government’s treatment of exports as a matter of national priority, infrastructure investment, and Prime...

Concerns rise of Chinese capture of India’s EV market because of new policy

Concerns are rising in India’s automobile industry over the government’s recently introduced new electric vehicle manufacturing policy. The policy is perceived as an aim...

Nissan Motor: Plan for 3 new models in Indian market

Nissan Motor Company has announced an ambitious strategy under which, the manufacturer will launch three new models in India and become a hub for...

March’24 PV wholesale growth strong

Passenger vehicle (PV) wholesales are expected to grow 10 per cent yoy in March 2024 to 371,000+ units, but retails to be lower than...

Bank credit growth to agri sector in Feb’24 at 20.1% yoy, industry at 8.6%

The sectoral deployment of bank credit for the month of February shows non-food bank credit registered a year-on-year (y-o-y) growth of 16.5 per cent...

Rising services exports may push India’s CAD into surplus territory

It’s raining external bounties for India as the economy closes financial year 2023-24 on one of the best growth narratives this fiscal – resilient...

Joy e-bike builds 750+ distributors, showroom network

In a move towards furthering electric mobility beyond metro cities to tier 1 and 2, Wardwizard Innovations & Mobility one of the leading manufacturers...

Ultraviolette forays into Europe, unveils F77 e-w in Istanbul show

Ultraviolette Automotive, an electric vehicle platform and battery technology company, has entered the European market, jointly showcasing its F77 performance electric motorcycle at the...

Experts call for standardised criteria in OEM financing

The Small Industries Development Bank of India (SIDBI), has unveiled six de-risking measures to accelerate India’s electric two and three-wheeler adoption to reduce investors’...

India, Bhutan for hydro, solar, green hydrogen projects

In a significant upgradation of India-Bhutan bilateral economic relationship, Prime Minister Narendra Modi and Prime Minister Dasho Tshering Tobgay have set the stage for...

Non-food sector credit growth seen over 12 %

The relatively better performance of the Indian economy with 7.6 per cent projected growth in FY24 -- compared to other major economies -- driven...

Capex, pvt investment, strong macros put India in a bright place in FY25

India looks set to close an eventful financial year 2023-34 (FY2024) with the economy growing above 8 per cent for three consecutive quarters, reaffirming...

Govt okays e-vehicle policy, promotes domestic production

The Government’s approval of an electric vehicle policy to promote India as a manufacturing destination for EVs with the latest technology marks another significant...

M&A, private equity deals values decline 77% in Feb 24

Mergers and acquisitions and private equity activity in India took a backseat in February 2024 with the country witnessing 144 deals amounting to USD...

As shipping disruptions hit 5-month mark, businesses gear up for adverse impact in FY25

Amidst Red Sea shipping disruptions hitting the five-month mark, India may well have countered the formidable tide with the highest monthly merchandise exports of USD...

India logs highest monthly export growth of 11.86% in Feb

India continued to defy a daunting and persisting set of global challenges to world trade well into 2024, to post a robust export performance...

Auto majors focus on women-friendly vehicles

The Indian auto industry is increasingly focusing on women welfare programmes with companies enhancing representation of women in the workforce, supporting financial inclusion, developing...

PVs steal Feb sales, march with highest sales ever

Indian auto retail posted robust overall growth in February 2024, with 13 per cent year-on-year growth across all vehicle categories, led by 13 per...

India’s domestic air passenger traffic may grow 8-13% in FY’24, to 150-155 mn: ICRA

Building on the fast-paced recovery in FY2023, India’s domestic air passenger traffic is expected to grow by 8-13 per cent in FY2024, thus reaching...

RODTEP extension will combat global snags

The extension of the remission of duties and taxes on exported products (RODTEP) scheme to include exports from special economic zones (SEZs) and export-oriented...

Financial inclusion, maternal health instrumental in poverty reduction

Niti Aayog member Arvind Virmani sees Government proactiveness resonating in financial inclusion. The public sector was told that they must connect to everybody. The...

International reports on India’s multidimensional poverty are junk: Economist Arvind Virmani

Global reports on multidimensional poverty which do not factor in measurement of India’s wealth in terms of land and value of agricultural land, housing...

Centre’s GST collection at Rs 168,337 cr in Feb records 12.5% yoy growth

Demonstrating continued growth momentum and positive performance, India’s Goods and Services Tax (GST) revenue collection at Rs1,68,337 crore for February 2024, marks a robust...

Factory output, sales at 5-month high in February

India’s manufacturing growth continued its uptick in February, with factory production and sales reaching five-month high led by strongest expansion in exports since May...

Indian bus industry to achieve Rs 104,000 cr value in 2026

The bus industry in India is projected to achieve a value of Rs 104,000 crores in 2026, with a compound annual growth rate (CAGR)...

Skoda’s warehouse earns top certification, aimsat RE100 benchmark by 2025

Škoda Auto Volkswagen India Private Limited (SAVWIPL) has been recognised as the first automaker to receive the prestigious Indian Green Building Council (IGBC) Platinum...

Hyundai registers 6.8% more dispatches in Feb

Honda Cars India (HCIL), registered monthly domestic sales of 7,142 units in February 2024 with a strong growth of over 17 per cent in...

Red Sea crisis hits Indian exports substantially

Even as the National Statistics Office (NSO) data on GDP growth for the third quarter of financial year 2023-24 (3FY24) underlines moderation in both...

FY 2024 GDP growth seen up at 7.6%

The Indian economy is on a bull run, with its gross domestic product (GDP) roaring ahead in the October-December period or the third quarter...

Sona with 1st auto PLI certification set to be key beneficiary of scheme

Sona BLW Precision Forgings (Sona Comstar) has become the first automotive component manufacturer to receive certification under the Government’s Auto Production Linked Incentive (PLI)...

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