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: Auto sales bounced back strongly in the latter part of September this year, posting a 5.22 per cent year-on-year growth, driven by improved consumer sentiment following the rollout of GST 2.0 and the onset of the Navratri festive season. The first three weeks of the month were largely subdued, but demand picked up sharply after September 22. According to data released by the Federation of Automobile Dealers Associations (FADA), two-wheelers and passenger vehicles were the standout performers, registering growth of 6.5 per cent and 5.8 per cent, respectively, as revised GST tax structures made several models more affordable for buyers. Data also suggests that passenger vehicle inventory has built up to nearly 60 days, reflecting dealer optimism and festive season readiness. Tractor sales also saw a modest rise of 3.6 per cent, supported by rural market resilience, while commercial vehicle sales grew 2.6 per cent, maintaining a steady trajectory. However, three-wheeler sales declined by 7.2 per cent, and construction equipment took a significant hit, down 19 per cent, largely due to disruptions caused by unseasonal heavy rains in several regions.
New Delhi [India], July 15 (ANI): Passenger Vehicles and Two-Wheelers sales are expected to experience an uplift, helped by the upcoming festive season typically serves as a demand driver, according to the recent report by the Society of Indian Automobile Manufacturers (SIAM). Additionally, the report reveals that an above-normal monsoon is likely to aid rural income recovery, which is expected to be a positive signal for two-wheelers and entry-level vehicles that rely heavily on rural demand. The auto sector is expected to witness improved affordability and boosted consumer sentiment in the ...Read More >
Mumbai, Sep 5 (PTI) The car makers are expected to see a pent-up demand over the next two months, and the industry may perform better than projected earlier this fiscal due to GST rate rationalisation, which will make small cars cheaper, Stellantis India business head and director for automotive brands Kumar Priyesh said on Friday. He also said that building local R&D, manufacturing, supply chain, and localised products has helped the group's Citroen brand keep its vehicle prices accessible for customers. Earlier, Citroen India announced the debut of its Basalt X Range, with all-new interior ...Read More >
Pune: Pashan resident Kushagra Agarwal rushed to the jewellers last week as soon as gold prices reduced slightly, to Rs 95,784 per 10g, as he had to buy gold for his son's wedding. With a Rs 3,000 to Rs 4,000 per 10 g reduction in the price of gold, jewellers expect many other residents in the city to walk into stores in the coming days. The gold industry has been struggling to find buyers over the last six months as prices have been consistently rising. The price of gold, which was hovering around the Rs 1 lakh mark last month for 10g, is now trading at Rs 96,800/10g grams, excluding GST. Aga ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Chennai: Union Finance Minister Nirmala Sitharaman on Sunday said that the Goods and Services Tax (GST) reforms have reduced the tax burden on people. Addressing the Joint Conclave of Trade and Industries Association - 'Tax Reforms for Rising Bharat' in Chennai, she explained that the four-tier GST structure has now been simplified to just two slabs. Union Finance Minister Nirmala Sitharaman's Statement "Earlier, GST had four categories. Now, we have simplified it into two slabs - 5 per cent and 18 per cent. Items that were taxed at 12 per cent and 18 per cent have largely been moved to the ...Read More >
New Delhi: Ola Electric on Tuesday unveiled a special edition of Roadster X+, to mark the milestone of one-millionth vehicle roll-out from its Future Factory in Krishnagiri, Tamil Nadu. The special edition has been launched in a midnight blue finish with sporty red accents on the dual-tone seat, rims, and battery pack. The celebratory model also incorporates badges made from recycled copper waste and electroplated bar ends, highlighting the brand's sustainability focus. Ola Electric's growth has been driven by its popular S1 electric scooter line-up and the recently launched Roadster X motor ...Read More >
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. However, export sales more than doubled, reaching 501 tractors in June 2025 from 234 units in June 2024 -- a growth of 114.1 per cent. The company ...Read More >
New Delhi [India], July 1 (ANI): The Delhi Police on Tuesday seized two end-of-life vehicles (ELVs), a 15-year-old petrol bike and a 10-year-old diesel bike, from a petrol pump in the city, as part of its ongoing enforcement of scrappage rules for outdated vehicles. Traffic officials confirmed that both motorcycles were found operating in violation of the National Green Tribunal (NGT) guidelines, which prohibit the use of petrol vehicles older than 15 years and diesel vehicles older than 10 years in the national capital. While speaking to ANI, Ashok Kumar, Traffic Inspector, said, 'Two motor ...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 >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Guwahati: Prime Minister Narendra Modi on Sunday launched a scathing attack on the Congress during a public meeting in Assam's Darrang district, alleging that the party has consistently sided with anti-national forces and even terrorists groomed by Pakistan. "Instead of standing with our brave soldiers, Congress has chosen to back infiltrators and those who threaten India's unity. This party has repeatedly provided cover to anti-national forces," PM Modi told the gathering at Mangaldoi, adding that the BJP would not allow infiltrators to grab land or alter the state's demography. Signalling ...Read More >
Over the course of the day, PM Modi logged nearly 4.5 hours of air travel, including 2 hours of chopper rides, to connect with people and projects across multiple states Prime Minister Narendra Modi's day on September 25th was marked by a hectic schedule and diverse engagements, reflecting both his pace of work and his outreach across multiple sectors, despite being on a 9-day fast during Navratri. Over the course of the day, PM Modi logged nearly 4.5 hours of air travel, including 2 hours of c ...Read More >
Mahindra's total sales volumes stood at 79,083 in November 2024 with the company's SUV lineup making up a major share of 46,222 units Mahindra has released its sales data for November 2024. Sales of the company's passenger vehicles have improved to 46,222 units which was a 15.16% YoY growth from 39,981 units sold in Nov 2023. This related to a 6,241 unit volume growth. MoM sales however fell by 15.20% when compared to 54,504 units sold in Oct 2024 relating to a decline by 8,282 units. The company has just released two Electric Origin SUVs called the BE6e and XEV9e. Both these models are buil ...Read More >
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. Also Read | 'Bade Achhe Lagte Hain 4': New Twist, Rishabh's Lie To Protect Bhagyashree Fails, Her Father Discovers the Truth (Read More). However, ...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 >
Wheels India Ltd. (currently trading at ₹870) is a leading manufacturer of steel wheels, suspension systems, and air suspension products for commercial vehicles, tractors, and off-road equipment. A part of the TVS Group, the company operates manufacturing facilities in Tamil Nadu and Uttar Pradesh, with exports to over 25 countries. Its product portfolio spans forged wheels, aluminum wheels, bogie suspensions, and fabricated components for railways and wind energy. Wheels India is a critical supplier to OEMs like Tata Motors, Ashok Leyland, John Deere, and Indian Railways. Wheels India - FY22 ...Read More >
New Delhi [India], June 6 (ANI): The Federation of Automobile Dealers Associations (FADA) on Friday released vehicle retail data for May, which revealed a modest rise of 5 per cent as compared to the same month last year. Segment-wise, two-wheeler was the best category, which performed, registering a rise of 7.3 per cent on a year-on-year basis, followed by three-wheeler (rise of 6.2 per cent), and the tractor segment registered a gain of 2.7 per cent on yoy basis.On the flip side, the Passenger Vehicle segment, Construction Equipment, and Commercial Vehicle declined by 3.1 per cent, 6.3 per c ...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 >
CNH is preparing to add a fourth manufacturing facility in India, a move that underlines the company's intent to scale up production capacity and achieve a double digit tractor market share in the medium term. The new unit, which will become CNH's second tractor plant in the country, is under evaluation with land acquisition talks in progress. The site will be larger than the company's existing Greater Noida factory and designed to scale in phases. Gerrit Marx, Chief Executive Officer, confirmed ...Read More >
Chennai: As high as 99% of all the goods which were earlier in the 12 per cent GST bracket have now been brought down to the 5 per cent GST bracket, Finance Minister Nirmala Sitharaman said Sunday. She made the remarks while addressing a joint conclave of the Trade and Industries Association, titled 'Tax Reforms for Rising Bharat' in Chennai, Tamil Nadu. The sweeping GST rationalisation and reforms unveiled after the GST Council meeting on September 3, once implemented, are expected to bring about a massive change across the country, directly impacting India's 1.4 billion citizens. The tax cu ...Read More >
New Delhi: Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 3,21,840 units in August, as companies recalibrated supplies to adjust to low market demand. Passenger vehicle wholesales stood at 3,52,921 units in August 2024. Sales of passenger vehicles saw a dip primarily due to recalibration of dispatches by manufacturers, the Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement on Monday. Demand dipped in August, as customers postponed purchases in anticipation of the GST rate cut and the reduction in ve ...Read More >
Patna: Prime Minister Narendra Modi on Monday launched a scathing attack on the Congress and Rashtriya Janata Dal (RJD) during his visit to Purnea, Bihar. Addressing a public event after inaugurating the new Purnea airport and flagging off its first commercial flight, the PM accused the Opposition of insulting Bihar by comparing it to beedis and advocating for infiltrators to secure their vote bank. Inauguration of Projects Worth ₹36,000 Crore At the gathering, which saw the presence of Governor Arif Mohammed Khan, Chief Minister Nitish Kumar, Union ministers, and NDA leaders, PM Modi unveil ...Read More >
The post was aimed at the central government's GST policy on tobacco products. (File) ShowQuick Read Summary is AI-generated, newsroom-reviewed * Congress compared Bihar with bidis, sparking controversy and insult to Biharis, said PM Modi * Prime Minister Modi condemned Congress and RJD for alleged misgovernance in Bihar * PM Modi accused opposition of supporting infiltrators and pledged their removal by NDA Did our AI summary help? Let us know. Switch To Beeps Mode Purnea: Prime Minist ...Read More >
New Delhi [India], September 16 (ANI): Consumers will get the benefits of reduced GST on medicines that have been manufactured and on chemist shelves before the new rates are implemented from September 22. The sweeping GST reforms unveiled on September 3, among other measures by the central government, have provided a substantial relief on health care, with taxes being either fully exempted or brought down to the lowest slab. Since then, there has been a widespread query about what will happen to medicines already in the supply chain before the new GST rates come into effect. Is it required ...Read More >
PUNE: Automobile dealers clocked a modest rise of 5 per cent year-on-year to 22.12 lakh units in the retail sale of total vehicles in May, buoyed by healthy two- and three-wheeler sales. However, passenger vehicle (PV) sales bucked the trend, slipping 3.1 per cent as rising inventory and cautious consumer behaviour signalled a pause in demand recovery, the Federation of Automobile Dealers Associations or FADA data showed on Friday. The PV registrations last month stood at 3,02,214 units, as compared to 3,11,908 units in May 2024. FADA said that customers delayed purchases in several states d ...Read More >
New Delhi [India], July 15 (ANI): Passenger Vehicles and Two-Wheelers sales are expected to experience an uplift, helped by the upcoming festive season typically serves as a demand driver, according to the recent report by the Society of Indian Automobile Manufacturers (SIAM). Additionally, the report reveals that an above-normal monsoon is likely to aid rural income recovery, which is expected to be a positive signal for two-wheelers and entry-level vehicles that rely heavily on rural demand. The auto sector is expected to witness improved affordability and boosted consumer sentiment in the ...Read More >
Hyderabad: In a move to enhance road safety, the state govt has issued fresh guidelines making quality and govt approved reflective tapes and rear marking plates mandatory on a wide range of vehicles. The decision comes amid concerns that night-time accidents are often caused by poor visibility of heavy vehicles parked or moving slowly on highways.The order, issued by the transport, roads & buildings department, covers two-wheelers, auto-rickshaws, goods carriers, passenger buses, tractors, trailers, and construction equipment. To ensure compliance, a QR code-based management information syste ...Read More >
New Delhi, Sep 16 (PTI) The commerce and industry ministry has directed physical retail chains to prominently display and advertise discounts due to the recent GST rate rationalisation. In a communication to the Retailers Association of India, Department for Promotion of Industry and Internal Trade (DPIIT) said retailers should reflect the GST reduction in the receipt / bill as GST discount and major focus be given on high impact products. "Prominently display and advertise 'Discount due to GST' through their networks. For example - posters / flyers and ads (print, TV and online) through the ...Read More >
MANDYA: Tension gripped Elechakanahalli village in Mandya taluk after Dalits were allegedly denied entry into Maramma temple by upper caste people. As the situation escalated, heavy police deployment was made to prevent any untoward incidents. The controversy began when upper caste villagers reportedly blocked Dalits from entering Maramma temple, leading to clashes between the two communities. Taluk authorities temporarily sealed the temple and enforced tight security in the area. Later, leaders from both communities placed separate locks on the temple doors, further deepening the standoff. ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The government on Tuesday urged parents and guardians to update their children's Aadhaar biometrics who have reached age seven. The Unique Identification Authority of India (UIDAI) reiterated the importance of completing the Mandatory Biometric Update (MBU) for children who have attained the age of seven but have not yet updated their biometrics in Aadhaar. UIDAI said it has started sending SMS messages to the mobile numbers registered in the Aadhaar of such children for completing the MBU exercise. This is an existing requirement under Aadhaar, and paren ...Read More >