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.
Mumbai, January 13: In a landmark partnership, that bridges the worlds of gaming and automotive innovation, KRAFTON India and Mahindra have joined hands to bring Mahindra's Electric Origin SUV- BE 6 into the dynamic universe of BATTLEGROUNDS MOBILE INDIA (BGMI). This unique partnership offers consumers an immersive experience, aiming to captivate the aspirations of India's young, tech-savvy audience. With this first-of-its-kind collaboration, starting January 16, 2025, BGMI players will be able to interact with the, sporty and performance-driven Mahindra BE 6 within the game, bringing a new level of realism and excitement to the virtual battleground. Players can unlock a range of exclusive items inspired by the BE 6, including Suits like Quantum and Chrono Charge, and gameplay tools like Volt Tracer Gun, and Neon Drop BE6 Parachute, Flashvault BE 6 Backpack, SparkStrike Pan and more. Special missions during the collaboration will also reward players with unique prizes such as Mahindra Event Crates, Gifts and a chance to win real Mahindra BE 6. Mahindra Unveils New Manufacturing, Battery Assembly Facility in Chakan Plant To Produce Electric SUVs. "This collaboration marks a major milestone in KRAFTON India's efforts to deliver truly immersive and localized experiences for Indian gamers", said Seddharth Merrotra, Head of Business Development at KRAFTON India. "Mahindra, an iconic Indian brand known for innovation, and the BE 6 with its sporty and high-end tech, was a natural fit for BGMI's futuristic and immersive universe. By integrating the BE 6 into BGMI, we're not only bringing culturally resonant content to the game but also creating unique opportunities for our players to engage with the best of India's innovation. Henceforth, setting a new benchmark in consumer engagement, captivating automotive and gaming enthusiasts alike. It further paves the way for many more groundbreaking updates as we continue to explore new ways to captivate our community." Veejay Nakra, President - Automotive Sector, Mahindra & Mahindra Ltd., and Joint Managing Director, Mahindra Electric Automobile Limited added, "At Mahindra, we are redefining electric mobility with the BE 6. Built on our revolutionary INGLO architecture and powered by MAIA, the fastest automotive mind in the world, the BE 6 is crafted for those who thrive on thrill of adventure and innovation. Our collaboration with KRAFTON India brings the BE 6 into the virtual realm of BGMI. By merging automotive excellence with gaming innovation, we aim to engage India's vibrant, tech-savvy audience, delivering thrilling experiences." Mahindra & Mahindra 11th Most Valuable Automobile Manufacturer in World: Chairman Anand Mahindra. In a move that takes collaboration beyond the virtual world, KRAFTON and Mahindra are offering players a chance to win a real Mahindra BE 6 eSUV. Participants can enter by first completing the Mahindra BE 6 Exchange Centre missions to collect "Nitro Wheel" & redeem the "Mahindra Event Crate" followed by creating a short video (10-30 seconds) showcasing the BE 6 in BGMI and posting it on Instagram or YouTube. To qualify, players must tag BGMI's and Mahindra Electric's official accounts and use the hashtags #BGMIxMahindra and #UnleashTheCharge. This contest offers a thrilling opportunity for one lucky gamer to take home the electric SUV. Terms and conditions apply.
India's Ministry of Corporate Affairs (MCA) has announced an ongoing investigation into three electric vehicle (EV) manufacturers for allegedly availing government subsidies fraudulently. The total sum in question amounts to approximately Rs2.97bn (about $35m). The firms under scrutiny, Hero Electric Vehicles, Benling India Energy and Technology, and Okinawa Autotech; they are accused of violating guidelines tied to FAME II. FAME II was launched in 2019 by India's Ministry of Heavy Industries (MHI), that aimed to promote local EV manufacturing and drive electrification in India. It is mainl ...Read More >
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can potentially materialize in the lithium-ion battery segment alone. Interestingly, despite slower than an ...Read More >
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs). IIFL Capital Services is one of the largest wealth managers in India, with about $30 billion (Rs 2.5 lac crore) worth of assets under management, advice and custody. Also Read | Big score is just around the corner for Steve Smith, Skipper Pat Cummins Backs Star Batter Ahead of IND vs AUS 3rd ...Read More >
Mumbai : Honda Cars India Ltd. (HCIL), a leading premium car manufacturer in India today launched two exclusive editions of its popular SUV - Honda Elevate Black Edition and Honda Elevate Signature Black Edition. These exclusive editions have been introduced in new Crystal Black Pearl colour. Introduced in response to a popular demand received from the market, these premium black editions will cater to customers who are seeking a bold, sophisticated and distinctive designed SUV experience from Honda. Speaking about the new Black Editions of the Honda Elevate, Mr. Takuya Tsumura, President and ...Read More >
The BE 6e, just as its name sounds, stands out as a futuristic, power-packed, and sporty electric Mahindra SUV on Indian roads. The highly anticipated Mahindra BE 6e, an all-electric compact SUV, has been finally launched at an introductory price of Rs 18.9 lakh (ex-showroom). Globally revealed alongside its sibling, the XEV 9e, this born-electric offering from Mahindra seems to be good enough (on-paper) to position itself as India's answer to luxury compact SUVs from global brands. With its futuristic design, a wealth of modern features, and an impressive power output - the highest in its fa ...Read More >
CoinEx Charity's Starlink Program, under its "Bridge to Hope" initiative, has launched its first Starlink unit in the Philippines, aiming to bring high-speed satellite internet to remote areas. The first deployment in EB Magalona, Negros Occidental, enhances access to education, economic opportunities, and essential services. Mayor Marvin Malacon highlighted plans for educational seminars on blockchain and cryptocurrency. CoinEx Charity, established in 2022, focuses on global charitable efforts, while CoinEx, a leading crypto exchange, offers user-friendly trading services to over 10 million u ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market. Hyundai Mo ...Read More >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
The #ShameOnMTVHUSTLE trend surfaced on Monday with several users coming together to support comedian Rohan Cariappa. It all started when Rohan took to his Instagram Stories to claim that his YouTube channel was getting shut. "50 plus strikes," he wrote in one story along with a screen recording of the strikes on his videos about the show. In another story, he wrote, "The channel shuts down on the 7th ... Killswitch aur Danish ke baad mera bhi elimination ho raha hai (I have been eliminated after Killswitch and Danish)." Danish and Killswitch were contestants of the show. It is being said th ...Read More >
New Delhi - Hero MotoCorp, the world's largest two-wheeler manufacturer, has unveiled its latest electric offering, the VIDA V2 series. This launch signifies a significant stride in the company's electric vehicle (EV) journey, promising to revolutionize sustainable urban mobility. A Trio of Electric Powerhouses The VIDA V2 series comprises three variants: Each variant boasts a sleek, modern design and is available in eye-catching colors like Matte Nexus Blue-Grey and Glossy Sports Red. Power and Performance Redefined The VIDA V2 comes equipped with IP-67-rated removable batteries in three ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
Sundar Pichai, CEO of Google, is facing legal trouble after a Mumbai court issued a notice due to YouTube's failure to comply with a previous order. The issue revolves around an offensive video about Dhyan Foundation’s founder, Yogi Ashwini, which was supposed to be removed globally but remains accessible outside India. The court is questioning Pichai on why he shouldn't face consequences for not following the order. Meanwhile, satellite internet services are set to launch in India, with Jio, Airtel, Starlink, and Amazon Kuiper competing for market dominance. The government is preparing to all ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...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 >
Samsung's facing a lot of crises and the company has unable to chart a clear path forward, particularly in the semiconductor market, where its foundry is lagging behind, its next-gen memory products are struggling to compete against SK Hynix, and legacy products are under pressure from Chinese companies. The company does a significant employee reshuffle across the entire organization every year. The process has started a bit earlier this time around as there's very much a sense of urgency to improve things. The reshuffle has reportedly seen some senior executives being fired as well. Samsung ...Read More >
The Hyundai Tucson has received 5-star rating on the Bharat NCAP crash test and has become the first Hyundai SUV to do so. The most premium SUV offered by the South Korean manufacturer joins the Mahindra and Tata SUVs in the list of 5 star SUVs offered in India. The Hyundai Tucson scores 30.84 out of 32 in the adult occupant protection. It has scored 41 out of 49 in the child occupant protection. It received OK in the side pole impact test. The model of Hyundai Tucson that was tested by the Bharat NCAP was the top-spec 2.0-litre petrol-AT Signature variant. The particular variant gets six air ...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 >
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealerships, customer locations, and high-traffic public spaces, the company said in a statement. "This str ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
New Delhi, Dec 18 (PTI) Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. Also Read | Cancer Vaccine Ready for Use, Announces Russia; What Is the Cost? How Effective Is It? When Will It Be Available?. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely c ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Punjab '95 Controversy: Diljit Dosanjh has been awaiting the release of his highly controversial film for a couple of years now. The film has been completed and kept on hold for longer than expected due to several reasons. It was recently announced that the biopic will skip India and will be released internationally without any cuts on February 7, 2025, but has been postponed yet again indefinitely. Dosanjh took to his Instagram stories on 20th January mid-night and wrote, "We are sorry and it pains us to inform you that Punjab '95 will not release on 7th Feb due to circumstances beyond our c ...Read More >
Mumbai, Jan 21 (VOICE) Bollywood actress Kangana Ranaut and Punjabi sensation Diljit Dosanjh's fates are intertwined through their films "Emergency" and 'Panjab 95" due to the chatter around both the movies. On Tuesday morning, Diljit took to Instagram, where he posted a note apologising that his film "Panjab 95", has once again faced a hiccup in its release in India. "We are very sorry and it pains us to inform you that the movie Panjab 95 will not release on 7th Feb due to circumstances beyond our control," he wrote. The movie, which is based on the life of prominent Sikh human rights act ...Read More >
The XEV 9e is fast and even in the lower range mode feels smooth along with lots of performance.Source : Somnath Chatterjee Electric cars are different and Mahindra has thrown everything at their new range of EVs in terms of a new electric architecture along with specifications normally seen on luxury cars. The XEV 9e based on the Inglo platform is the bigger and more premium EV which starts at Rs 21.9 lakh while coming with two battery pack options- 59 and 79kwh. The 79 kwh battery pack means 656 km range and 284 bhp which means 0-100 km/h is just 6.8 seconds. The big XEV has lots of road p ...Read More >
New Delhi: India's passenger vehicle market witnessed varied performance across major automakers in November 2024. While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market. Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in October 2024 were higher at 159,591 units, indicating a month-on-month decline. In November 2024, Maruti ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >
Pune: Maruti Suzuki, India's biggest car maker, on Friday said it aims to be the largest producer of electric vehicles in the country and make India the export hub over the next one year. The Japanese giant will take on EV market leader Tata Motors, Mahindra and MG Motor in the electric car game in the country. To realize its goals Maruti Suzuki, which unveiled its first electric SUV e-Vitara at the Bharat Mobility Global Expo 2025 in New Delhi on Friday, will introduce a range of six electric vehicle models by 2030. Suzuki Motor Corporation representative Director and President Toshihiro S ...Read More >
Syros will be the 7th car from Kia in India after Sonet, Carens, Seltos, Carnival, EV6 and EV9 Kia has officially announced that the global debut of its highly anticipated compact SUV, Syros, will take place on December 19. After multiple teasers, this announcement adds to the excitement around Kia's latest offering, which is set to bridge the gap between the popular Sonet and Seltos in the brand's lineup. Designed to cater to the evolving needs of Indian customers, Syros aims to be a game-changer in the fiercely competitive compact SUV segment. The Syros is already drawing attention with it ...Read More >