Nivedita Mukherjee

RBI and GTRI Reports highlight trade uncertainty in India

The Reserve Bank of India has in a recent report on 19 January highlighted concern over global supply chains coming under pressure due to...

Auto industry’s PV wholesales in Q3FY24 rises 8.3%, 3 wheelers up 35.2%: SIAM

Staying on a growth trajectory in December 2023, India’s automobile industry’s wholesales of passenger vehicles grew to 2,86,390 units, a 4 per cent rise...

Raptee displays high-voltage e-motorcycle ahead of April launch in TN

Raptee Energy, an innovative EV startup, showcased the world’s first high-voltage e-motorcycle tech born in Chennai at the Tamil Nadu Global Investors Meet ahead...

Maruti Suzuki targets 4 M cars by 2030, reveals Shashank Srivastava

Having reached the 2 million milestone in 2023, Maruti Suzuki expects to go to 4 million cars by 2030, says Shashank Srivastava, Senior Executive...

HMSI new assembly line adds capacity of 6.5 lAKH units

In a significant move to strengthen the ‘Make in India’ initiative, Honda Motorcycle & Scooter India (HMSI) has inaugurated a new third assembly line...

U.S.-India Partnership Boosts Trade and Supply Chains, Says Mukesh Aghi

As geopolitically aligned nations, India-US are focused on finding ways to streamline trade partnership and integrate India into the global supply chains: Mukesh Aghi,...

India urges GSP restoration, addresses visa issues with U.S.

India has once again sought restoration of its beneficiary status under the US Generalized System of Preferences programme, emphasized the need to increase the...

India to remain the fastest-growing economy among large economies this fiscal year

India’s stellar economic performance for the financial year 2023-24 as projected by the advance estimates (FAE) of the National Statistical Office (NSO) with the...

Textile industry woes due to geopolitical reasons, says Rakesh Mehra 

Amidst geopolitical conflicts and Government’s ambitious targets of USD 350 bn textile industry and USD 100 bn in exports, Rakesh Mehra, Chairman of Confederation of...

India to exhibit auto tech, innovation strength

Commerce and Industry Minister Piyush Goyal has set an ambitious target of a 50 per cent global export share for India’s automobile industry as...

GAIL signs LNG supply deal and Bioenergy pact

State run GAIL (India) Limited and Vitol Asia Pte Ltd, have announced the signing of a long term Liquefied Natural Gas (LNG) deal into India...

‘Volkswagen aiming for a 10% sales boost in 2023’

As an aspirational country with sustained economic growth, demographic dividend, India is aligning with global preferences—as for SUVs, premium models —keeping Volkswagen on growth...

One year of India-Australia ECTA: India’s exports see 17.8 % yoy jump

Australia may well have walked away with the cricket World Cup, but New Delhi and Canberra are game on another turf -- the India,...

Indian economy to achieve 6.5% plus growth on resilient consumption, investment

Even as curtains come down on a turbulent year underlined by the deceleration of the world economy, the growth acceleration of the Indian economy...

Nexzu Mobility to set up smart EV Park at Rs 5,000 crore in Gujarat

In a major boost towards accelerating the development of the overall EV ecosystem, Nexzu Mobility, a sustainable urban transportation solutions provider, will invest INR...

Auto component industry grows 12.6% toRs 2.98 lakh crore on robust sales

With vehicle sales and exports displaying steady performance, the Indian auto component industry posted a turnover of Rs 2.98 lakh crore (USD 36.1 billion)...

Infosys loses $1.5 billion AI contract from global customer

Infosys announced that the undisclosed global company, which had previously signed $1.5 billion agreement centered on artificial intelligence solutions, has opted to cancel the...

Government injects Rs 2,961.21cr for welfare, infrastructure boost

To strengthen the hands of state governments for financing various social welfare measures and infrastructure development schemes, the Centre has authorised the release of...

India refutes IMF assessment on debt

The Centre has refuted the assessment of the International Monetary Fund’s assessment that India’s general government debt could be 100 per cent of the...

DFS secretary meets banks, asks for monitoring, review of top 20 IBC cases

The Finance Ministry wants public sector banks to monitor all Insolvency and Bankruptcy Code (IBC) cases very closely and review, particularly, the top 20...

Global Interest in PM GatiShakti & LEADS 2023 Report for Unbiased Logistics Insights: Sumita Dawra

Growing international interest in PM GatiShakti, a more objective and insightful LEADS 2023 Report that minimises perception biases, among the positive shift and advancements...

Strong household spending to spur India’s rise to 3rd largest consumer market

New Delhi India’s consumer spending over 2024 demonstrates a positive outlook, offering stable growth as consumer confidence recovers beyond pre-covid levels, buoyed by recovery in...

Govt to procure domestic raw material to push $40 billion apparel exports

New Delhi The Government is pushing for the expansion of textile exports to USD100 billion led by growth in exports of readymade garments (RMG) from...

Auto retail sales jump by historic 18% y-o-y in Nov23, led by 2Ws, PVs

New Delhi An extended festive season leading into weddings has led to a surge in automobile retail sales in November 2023, of 28.54 lakh vehicles,...

OMCs to set up 7432 EV charging stations

New Delhi The Ministry of Heavy Industries has sanctioned 7432 electric vehicle charging stations to three oil marketing companies (OMCs) under the Faster Adoption...

Volkswagen India opens new touchpoints in Chhattisgarh

In a move to enhance accessibility for the Taigun and Virtus vehicles, along with its global bestseller Tiguan, in the Tier 2 and Tier...

Low agri, services, pvt final consumption growth a worry for economists, analysts

NEW DELHI India’s double-engine fired growth of 7.6 per cent in the July-September quarter of FY2023-24 led by a stronger manufacturing and construction output growth...

GST collection at Rs 1,67,929 lakh crore in November 2023, highest growth of 15% y-o-y

NEW DELHI The Government’s goods and services tax revenue collection for November 2023 has recorded the highest growth rate of 15 per cent year-on-year at...

India’s manufacturing picks up growth on robust orders, amid inflation worry

NEW DELHI The Indian manufacturing industry picked up growth in November, after slowing in October, as output gathered pace on strengthening client demand, more favourable...

India, US agree to step up cooperation on semi-conductors, supply chain, minerals

NEW DELHI India and the US have agreed for closer engagement and cooperation on supply chain, semiconductors, pharma, critical minerals and energy during a review...

Kross files Rs 500 crore IPO papers with Sebi

NEW DELHI Kross Ltd — a specialist in manufacturing forging components for top OEMs — has filed preliminary papers with capital markets regulator Sebi to...

Tata Power acquires Bikaner, Neemrana transmission project

NEW DELHI Tata Power on Saturday said it has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose...

Honda, Toyota, and M&M witness SUV sales surge

NEW DELHI India’s 31-day festive season went well for the automobile industry with SUVs offering growth acceleration. Honda Cars India registered 24 per cent year-on-year...

Consumer demand drives up November 2023 sales of TVS Motor 31%, Hero MotoCorp 26%

NEW DELHI India’s two-wheeler manufacturers have made impressive gains in the November wholesale rally, on the back of favourable economic indicators, including the ongoing marriage...

Govt official refuses Tesla’s demand to give company specific incentives

NEW DELHI India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push...

Private consumption expenditure strongest driver of India’s growth, no signs of easing soon

New Delhi As an outlier in becoming the fastest-growing major economy in the world, a term often used in the case of India, private final...

Global headwinds slow down PE/VC flows by 25% in 2023, conflicts may hit cross-border deals

New Delhi Even as India’s growth dynamics propel the world’s 5 largest economy to the radar screen of global investors, it’s a different story on...

Auto dealers to clock 8-10% revenue growth

New Delhi Keeping the spirits flying high in India’s automobile industry, a forecast on the retail performance of the sector expects revenue of auto dealers to...

SIAM, experts root for EVs, electronics to build resilient supply chains

New Delhi Building a resilient supply chain has emerged as one of the key challenges for the India’s automobile industry as it looks to formulate...

Tata Motors, Inchcape collaborate for CV sales, service in Thailand

New Delhi Tata Motors is expanding the presence of its commercial vehicles in the Thai market in collaboration with its authorised distributor, Inchcape – a...

Eicher launches new range of heavy-duty trucks

New Delhi Eicher Trucks and buses, a business unit of VE Commercial Vehicles have launched the Eicher Non-Stop Series, a new range of heavy-duty trucks...

ACMA’s iAutoConnectgets in 140 +suppliers,150 plus countries

New Delhi The Automotive Component Manufacturers Association of India (ACMA), is tapping reverse buyers and sellers meet like iAutoConnect’, among other such platforms to promote...

India’s Electronics Manufacturing Set for Major Investment Boost

New Delhi The Government approved INR 30 billion (USD 360 million) collective investments by 27 major electronics manufacturers to encourage more domestic IT hardware production,...

Isuzu Motors India opens dealership in Trichy to increase sales

New Delhi Chennai based Isuzu Motors India, a subsidiary of Isuzu Motors, Japan, has inauguration of new a 3S (Sales, Service & Spares) dealership, Kaveri...

CARS24 launches vehicle scrapping initiative to monetise certificate of deposit

New Delhi In a move towards a more sustainable automobile landscape, autotech company CARS24 has launched a vehicle scrapping initiative which is set to transform...

India signs IPEF supply chain agreement with partner nations

NEW DELHI India has called for redoubling efforts to ensure expeditious implementation of all the action-oriented collaborative elements comprising the Indo-Pacific Economic Framework for Prosperity...

The open offer is in the best interest of Religare: Burman

NEW DELHI Days after advisory firm InGovern Research flagged “vested interest” of the Chairman of Religare Enterprises Rashmi Saluja, owing to excessive remuneration, and regulatory...

Auto sector using more than 74% of capacity

NEW DELHI Signalling a strong recovery, India’s automotive sector is utilizing, on average, more than 74 per cent of its capacity, which is higher than...

CarWale abSure opens 100th outlet on rising demand

NEW DELHI The festive season has benefitted the used car market with platforms like CarWale abSure, on an expansion spree buoyed by the pent-up demand...

Hero Motocorp posts highest-ever sales with 19% growth

NEW DELHI Hero MotoCorp recorded its highest-ever festive sales, clocking more than 14 lakh (1.4 million) units in retail sales during the 32-day festive period...

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