India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi, Aug 14 (PTI) Passenger vehicle dispatches from companies to dealers in the domestic market declined marginally year-on-year in July, hit by muted demand, industry body SIAM said on Thursday. Passenger vehicle wholesales stood at 3,41,510 units in July 2024. "All vehicle segments posted stable performance in July 2025, though overall sentiments in the passenger vehicles segment have remained subdued," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement. Two-wheeler dispatches rose 9 per cent year-on-year to 15,67,267 units last month from 14,41,694 units in the year-ago period. Scooter sales stood at 6,43,169 units last month, an increase of 16 per cent as compared with 5,53,642 units in July 2024, SIAM said. Motorcycle dispatches to dealers rose 5 per cent year-on-year to 8,90,107 units in July. Mopeds saw a dip of 9 per cent year-on-year to 33,991 units last month, as against the same period last year. Three-wheeler dispatches to dealers saw an increase of 17.5 per cent year-on-year to 69,403 units in July as compared with 59,073 units in the year-ago period. "With the advent of the festive season beginning with Onam festivities in the latter part of August, the Indian auto industry remains cautiously optimistic for the demand momentum to pick up in the coming months," Menon noted. PTI MSS DR DR
Chennai: Hours before Union home minister Amit Shah was to arrive in Madurai, Thuglak editor and an associate of Shah, S Gurumurthy on Saturday met PMK founder S Ramadoss. The PMK leader, however, ruled out the possibility of meeting Amit Shah during his two-day visit to Tamil Nadu.Gurumurthy met Ramadoss for the second time amid reported tension within PMK regarding alliance strategies and insistence by Anbumani Ramadoss to remain party president. The hour-long meeting took place at the T Nagar residence of A K Vijay Mahesh, son of former Union minister and PMK leader A K Moorthy, sources sai ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Chennai, Jun 28 (PTI) Two and three-wheeler manufacturer TVS Motor Company has launched OBD2B Compliant 2025 TVS Apache RTR 160 cc motorcycle, equipped with OBD2B compliance, Dual-Channel Anti-lock Braking System (ABS). The new range of its highly popular motorcycle is priced from Rs 1.34 lakh (ex-showroom Delhi). Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "The 2025 TVS Apache RTR 160 is OBD2B compliant and introduces dual channel ABS, delivering enhanced safety and contro ...Read More >
New Delhi, Jul 1 (PTI) Luxury carmaker Audi on Tuesday said its half-yearly retail sales declined 63 per cent year-on-year to 2,128 units. The company sold 2,477 units in the January-June period of last year. The brand with the four rings is facing headwinds as slowing demand -- driven by price increases from a weakening exchange rate and heightened market uncertainty amid evolving geopolitical tensions -- continues to impact performance, Audi India said in a statement. However, the company remains confident in the growth of the Indian luxury car market in the forthcoming festive season, dr ...Read More >
MUMBAI: Electric vehicle (EV) sales in India rose 28.6% to 1,80,238 units in June over the year-ago period, driven by massive jump in e-passenger vehicle volumes, Federation of Automobile Dealers' Association (FADA) said in a statement on Tuesday. Electric passenger vehicle sales, as per FADA data, stood at 13,178 units in the previous month compared to 7,323 e-PVs in June 2024, registering a sharp increase of nearly 80% year-on-year.The e-passenger vehicles' share in the overall electric vehicle market shot up to 4.4% in June 2025 from 2.5% in June 2024, it said.Electric three-wheeler volumes ...Read More >
New Delhi, Jun 6 (PTI) The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate loan borrowers. "Such reduction in repo rates would have a positive impact on the auto sector since ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV a ...Read More >
NEW DELHI: The government on Saturday extended the term of the chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal by one year, an official notification said.The Appointments Committee of the Cabinet approved the re-appointment of Agrawal, an IRS officer of the 1988 batch, as CBDT chairman for one year from July 1 this year to June 30, 2026, on contract basis.Agrawal took over as the CBDT chairman from Nitin Gupta in June 2024 after Gupta's extended tenure ended. Agrawal has been a member of CBDT. He was member administration and had served as DG investigation in Delhi. The gover ...Read More >
New Delhi, Jun 30 (PTI) VinFast Auto India on Monday said it has tied up with myTVS for after-sales support as the electric car maker prepares to launch its first vehicle in the country. VinFast aims to establish 120 extended service workshops by partnering with potential service providers to boost its after-sales operations across India. Under the strategic collaboration, myTVS will ensure VinFast customers receive comprehensive service coverage across the nation, the electric vehicle maker said in a statement. The collaboration is also aimed at strengthening VinFast's charging network acr ...Read More >
Foreign investors put in ₹14,590 crore in the country's equity market in June, marking the third straight month of investment, supported by improving global liquidity conditions, easing geopolitical tensions, and a rate cut by the Reserve Bank of India. However, foreign portfolio investors (FPIs) turned net sellers in July and pulled out ₹1,421 crore in the first week of the month, data with the depositories showed. U.S. tariffs on European goods threaten to shake up world's largest two-way ...Read More >
In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies. "So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry. It would be great if there could be uniformity in policies across the country in terms of EVs (elect ...Read More >
New Delhi, Jul 8 (PTI) Auto component makers are hopeful that India will soon seal a trade deal with the US, which is the single-largest market for Indian manufacturers, according to an industry official. The official also said that the government has been regularly consulting with the auto components industry amid the ongoing talks for an interim trade deal between India and the US. The comments have come against the background of the US suspending reciprocal tariffs until August 1. The earlier deadline was ending on July 9. India was not included in the list of countries that received tar ...Read More >
An Ertiga made at its Manesar factory in Haryana is the 2 millionth vehicle to roll out from Maruti Suzuki's stables An Ertiga, its popular multi-purpose vehicle manufactured at its Manesar facility in Haryana, drove Maruti Suzuki India Ltd to new milestone -- two million vehicles manufactured in a calendar year, making India's largest car manufacturer the only company to achieve the feat in the passenger vehicle space. Of the two million vehicles, almost 60 percent were manufactured in Haryana ...Read More >
New Delhi, Jun 28 (PTI) A 20-year-old man has been stabbed to death following a scuffle over his scooter brushing past one of the accused in the Geeta Colony area here leading to the arrest of three persons, an official said on Saturday. Yash, a resident of Rani Garden, was declared dead at a hospital in Laxmi Nagar around 9.41 pm on Friday, police said, adding those arrested have been identified as Rihan, Md Amaan and Lucky. The victim was on his way home on a scooter when the two-wheeler allegedly brushed past Rihan which sparked off a heated argument. Rihan's two associates -- Amaan and L ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
New Delhi, Jan 17 (PTI) IT service provider Tech Mahindra on Friday announced the opening of an advanced Manufacturing Experience Centre at its Chennai campus. The centre was inaugurated by Mahindra Group chairman Anand Mahindra and Tech Mahindra CEO Mohit Joshi, according to a company statement. The centre will help manufacturers to quickly prototype and scale AI-based innovations to tackle industry issues like high operational expenses, inefficiencies in processes, supply chain disruptions, and complex operational challenges. Additionally, it will function as a hub where customers can vis ...Read More >
New Delhi, Jun 2 (PTI) Global automobile makers including Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India, Union Heavy Industries Minister H D Kumaraswamy said on Monday. The said companies have expressed interest during the stakeholder discussions between the government and the industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India', the detailed guidelines for which were unveiled by the minister. While the scheme was notified on March 15 last year, its guidelines were issued on Monday. Offici ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Bengaluru : TVS Motor Company recorded monthly sales of 402,001 units in June 2025 with a growth of 20% as against 333,646 units in the month of June 2024. Two-Wheeler Total two-wheelers registered a growth of 20% with sales increasing from 322,168 units in June 2024 to 385,698 units in June 2025. Domestic two-wheeler registered growth of 10% with sales increasing from 255,734 units in June 2024 to 281,012 units in June 2025. Motorcycle registered a growth of 24% with sales increasing from 152,701 units in June 2024 to 188,774 units in June 2025. Scooter registered a growth of 26% with sale ...Read More >
New Delhi: Rare earth magnets, essential for EV motors, have become the latest flashpoint in India's growing electric mobility ambitions. These magnets power the core of Brushless DC (BLDC) and Permanent Magnet Synchronous Motors (PMSM), which drive most electric vehicles today, particularly two-wheelers. With China tightening export controls, Indian automakers now face serious supply-side disruptions. If the situation continues, industry experts warn that EV prices could rise, production could slow and expansion plans may take a hit. In April this year, China imposed an export curb on rare- ...Read More >
New Delhi, Jun 30 (PTI) India has hardened its position on issues related to agriculture as negotiations with the US team in Washington have entered a crucial stage, an official said on Monday. The official also said that the stay of the Indian team, headed by special secretary in the department of commerce Rajesh Agrawal, is expected to be extended further. The team is in Washington for negotiations on an interim trade agreement with the US. Both sides are rushing to close a deal ahead of the July 9 deadline for the full implementation of a 26 per cent reciprocal tariff which has been suspe ...Read More >
New Delhi [India], July 1 (ANI): Bajaj Auto Limited reported nearly flat total sales for June 2025 on a year-on-year basis, as gains in the commercial vehicle segment balanced the dip in two-wheeler sales. The two-wheeler segment recorded a 2 per cent YoY decline, falling to 2,98,484 units in June 2025 from 3,03,646 units in June 2024. Domestic sales dipped 16 per cent, but exports rose by 18 per cent, reflecting a shift in market dynamics. Additionally, from the period of April to June 2025, the total vehicle sales were at 11,11,237. Among the total sales, 6,34,808 and 4,76,429 were domestic ...Read More >
New Delhi, Jun 27 (PTI) Rane (Madras) Ltd has sold a 3.48-acre land in Velachery, Chennai to a joint venture firm between Prestige Estates Project Ltd and Arihant Foundations & Housing for Rs 361 crore. The deal was facilitated by real estate consultant CBRE. Rane (Madras) Ltd has entered into an agreement with Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Project Ltd, to sell 3.48 acres of land in Velachery, the company said in a regulatory filing on Friday. The deal value is Rs 361.18 crore. The total extent of land in Velachery is ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
New Delhi, Dec 3 (PTI) Mahindra & Mahindra on Tuesday said it is in discussions with InterGlobe Aviation, which owns IndiGo airlines, to find an amicable solution regarding a trademark issue over the use of "6e" in its all-new electric model. The automaker, which introduced two electric brands -- BE 6e and XEV 9e -- earlier this month, said its trademark 'BE 6e' differs from IndiGo's '6E', eliminating any risk of confusion. IndiGo uses 6E as the airline designator code. "We have taken on board the concerns that InterGlobe Aviation Ltd have to infringement of their goodwill, which was not ou ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >
New Delhi, Jun 26 (PTI) Indian team, headed by chief negotiator Rajesh Agarwal, has reached Washington for the next round of trade talks with his US counterparts, an official said on Thursday. The visit is important as both the countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, though there are challenges in areas like agriculture and dairy. "The Indian team is in Washington for two-day trade talks," the official said. Agrawal is special secretary in the department of commerce. The high tariffs, announced by the US on April 2, ...Read More >
New Delhi, Jun 27 (PTI) With US President Donald Trump announcing that a "very big" trade deal is on the cards with India, the Congress on Friday took a swipe at the government and said it seems that India gets to know decisions of great importance to it from the White House. The opposition party's swipe at the government came after President Donald Trump said a "very big" trade deal is on the cards with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. "We are having some great deals. We have one coming u ...Read More >