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.
Summary The Bureau of Energy Efficiency (BEE) started consultations with electric two-wheeler makers on 2 April, as it looks to rev up its five-year-old 'Go Electric' campaign, eyeing a micro-level awareness on EV benefits, two people aware of the matter said. The West Asia war-triggered energy supply shocks are pushing India to speed up its shift to electric mobility to cut its oil import dependence and cushion the economy from volatility. Towards this, the Bureau of Energy Efficiency (BEE) started consultations with electric two-wheeler makers on 2 April, as it looks to rev up its five-year-old 'Go Electric' campaign, eyeing a micro-level awareness on EV benefits, two people aware of the matter said. Two-wheelers are central to India's green energy push as they use a bulk of the country's petrol. Two-wheelers guzzled nearly two-third of India's total petrol consumption of 38.8 million tonnes in fiscal year 2026 (FY26). Amid the war uncertainties, Prime Minister Narendra Modi had on 27 March exhorted state governments to promote alternative fuels and electric mobility. India is world's third largest energy buyer after the US and China. The US-Israel's war, going on since over a month, has disrupted shipments through the Strait of Hormuz, through which around 30% of India's oil imports come in. In this light, BEE, India's apex energy efficiency agency, will lead the effort to leverage and revive the government's 'Go Electric' campaign. Also Read | Govt plans rare earth magnet push; pre-bid meeting set for 7 April The campaign was first launched amid the pandemic-led disruptions in February 2021 to promote charging infrastructure and adoption of zero-emission battery-driven vehicles. The Centre's push to assist states in raising awareness about electric mobility comes in the backdrop of pressure on state-run oil marketing companies (OMCs). Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd have hiked prices of premium petrol and diesel on global cues, but have kept prices of regular petrol and diesel unchanged. Private OMCs -- Rosneft-backed Nayara Energy and Shell -- that account for about 10% of India's 100,000 petrol pumps have hiked fuel prices. "There was a meeting on 2 April, wherein two-wheeler industry stakeholders were called by the BEE to discuss the campaign. The meeting was attended by Ather Energy, Ola Electric and Hero MotoCorp, among others. The meeting did not include carmakers, as these EVs "are sold at a higher price point, making immediate adoption a challenge," said the first person cited above, requesting anonymity. Also Read | Govt charges ahead with e-bus push, plans 3k unit tender by June India's top five electric two-wheeler makers are Ather, Ola, TVS, Bajaj Auto and Hero MotoCorp. Together, they garner 85-90% of the segment's sales. "The meeting involved consultations with electric two-wheelers manufacturers, on how to promote electric mobility in the country in a bid to shift away from crude oil dependence," said the second person cited above, who also did not want to be named. The discussion centered around ways to reduce people's apprehension around EVs, especially those related to safety and the uncertainty around new technology, the person said. "There were discussions around reaching out to resident welfare associations (RWAs) to run awareness campaigns and offer test rides to promote electric vehicles. A digital as well as billboard marketing approach could be taken under the new Go Electric campaign," said this second person cited above. Queries on the development emailed to the spokespersons of the BEE and the power ministry on 2 April, and to Hero MotoCorp, Bajaj Auto, TVS Motor, Ather Energy and Ola Electric on 3 April remained unanswered until press time. Meanwhile, India's adoption of electric mobility is on the rise and its costs are coming down. A December 2025 report by KPMG said India has almost achieved price parity between the total cost of buying and operating an electric two-wheeler and a petrol-powered one. Also Read | The ₹1,700-cr question: Why two-wheeler makers want window for EV sops kept open The country's petrol two-wheeler sales topped 11 million units in FY26, but were still lower than the FY22 level of 13.2 million. Electric two-wheeler sales, on the other hand, jumped to 1.4 million in FY26 from 252,787 in FY22, as per the government's Vahan portal. The 'Go Electric' campaign had been launched by the road transport and highways, power, and new and renewable energy ministries to reduce the country's dependence on crude oil imports by promoting electric mobility and electric cookstoves or cooktops, according to a power ministry statement of 19 February 2021. Mint reported on 3 April that the government was looking to push the output of induction stoves to promote electricity-based cooking amid the ongoing West Asia energy crisis. Energy security experts said it is important to move towards electric mobility and reduce the dependence on oil. "There may be range anxiety (fear that an EV would run out of battery charge) or concerns that the initial cost would be high because of charging infrastructure and battery prices. But those concerns can be addressed, battery prices which have already come down, will fall significantly going ahead," said Kirit Parikh, former member (energy) of the erstwhile Planning Commission of India. "Concerns over lack of infrastructure will have to be addressed and charging technology would also evolve, as people cannot spend hours charging their vehicle... An accelerated move towards electrification of mobility must come now, rather than later." India sold over 2.45 million EVs (including two-wheelers) in FY26, compared to 1.96 million units in FY25. About 8.2% of the 29.74 million new vehicles sold in FY26 were electric, compared with 7.5% in the previous year, Vahan data showed. India imported $109 billion worth of crude oil in FY26, down from $137 billion in the previous year, as per government's Petroleum Planning and Analysis Cell (PPAC). Simultaneously, India's public EV charging network rose to 29,200 units as of December 2025, with the union heavy industries ministry looking to support installation of at least 72,000 more by FY28. This expansion will entail funds from a ₹2,000 crore corpus under the Centre's flagship PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme.
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-r ...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 >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
V-Guard geysers are known for their durability, energy efficiency, and advanced safety features. Whether you need a storage water heater or an instant water heater, V-Guard has a wide range of options to suit your needs. In this article, we will compare the top 8 V-Guard geysers available on Amazon to help you make an informed decision. From sleek designs to advanced heating technology, V-Guard geysers offer the perfect blend of functionality and style for your home. The V-Guard Divino Storage 15L Vertical Geyser is designed for efficient water heating with a sleek and compact design. With a ...Read More >
Listening to the sounds of nature such as birdsong reduces stress levels - but the sound of traffic increases them, new research shows. The research lends support for anyone who is a firm believer in the curative powers of a walk in the countryside or through a forest. In a study, 68 volunteers listened to three three-minute soundscapes: a nature soundscape recorded at sunrise in West Sussex, the same soundscape combined with 20 mile per hour road traffic sounds, and the same soundscape with 40 mile per hour traffic sounds. General mood and anxiety were assessed before and after the soundsc ...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 >
New Delhi: The BS3 petrol and BS4 diesel vehicle ban has been lifted in Delhi after the Air Quality Index (AQI) improved to the moderate category. The Supreme Court allowed the Commission for Air Quality Management (CAQM) to ease restrictions due to the improvement in the national capital's air pollution situation. Delhi had been facing high pollution levels, which led CAQM to enforce Stage 4 of the Graded Response Action Plan (GRAP). The court has now asked the commission to apply GRAP Stage 2. ...Read More >
Smart India Hackathon 2024: The Smart India Hackathon 2024, designed to unite the nation's brightest young talent in solving real-world problems presented by major government ministries, is scheduled to take place from December 11 to 15. This is the seventh edition of the Smart India Hackathon, and Prime Minister Narendra Modi will preside over this on Wednesday. More than 54,000 entries were received, and out of that, 1,300 teams (comprising over 10,800 participants) were selected to compete in figuring out the answers to 254 problem statements. Notably, most of the entries came from Tier 2 a ...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: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
Dozens of two-wheelers skidded on a Hyderabad road after an oil tanker leaking fuel passed from the area. The incident which occurred on Hyderabad's Kushaiguda-Nagaram road left several bikers injured. In a video, which went viral after the accident, men and women were seen sprawled on the road along with their fallen two-wheelers. While some of them are still on the road, others can be seen attempting to pick up their vehicles. "A road stretch between ECIL & Keesara has turned slick due to a diesel spill. Motorists are urged to drive carefully and consider alternate routes to avoid accident ...Read More >
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 101 ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...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 >
Chandigarh: Haryana Chief Minister Nayab Singh Saini, while addressing representatives of the Brahmin community from across the state at his residence, Sant Kabir Kutir, said that the state government would celebrate the birth anniversary ofLord Parshuram in a grand manner at the government level. In addition, in response to the demand from Brahmin community representatives for the formation of a Brahmin Welfare Board, the Chief Minister assured that prominent members of the society would be inv ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
Royal Enfield sold 82,257 motorcycles in November 2024, a 2% increase from last year. Exports nearly doubled to 10,021 motorcycles. The company launched the Goan Classic 350, Bear 650, and new EV brand Flying Flea at EICMA 2024. The fourteenth edition of Motoverse concluded with over 10,000 attendees and exciting new introductions. ...Read More >
Bhopal: Chief Minister Dr. Mohan Yadav has said that the state government is continuously working with commitment to realize the dream of Prime Minister Shri Narendra Modi of developed India @2047. On completion of one year of the state government, two programmes are being launched from 11 December on the auspicious occasion of Gita Jayanti. "Jan Kalyan Parv" will run from 11 December to 26 December 2024 and "Mukhya Mantri Jan Kalyan Abhiyan" will run from 11 December 2024 to 26 January 2025. Chief Minister Dr. Yadav said that in the Jan Kalyan Parv being organised from 11 December to 26 Decem ...Read More >
Mumbai: Chief minister Devendra Fadnavis said on Thursday that he held discussions on cabinet expansion with union home minister Amit Shah, party national president J P Nadda, and the party national general secretary B L Santhosh on Wednesday night. Fadnavis was on a two-day visit to Delhi days after being sworn in as chief minister. He met President Draupudi Murmu, PM Narendra Modi, defence minister Rajnath Singh and union road transport minister Nitin Gadkari. He also presented five different ...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 [India], November 19 (ANI): Special measures, including the use of water sprinklers, have been implemented at the Delhi Zoo to combat air pollution and ensure that wild animals are not adversely affected. The Director of the National Zoological Park, Dr. Sanjeet Kumar, on Monday, highlighted the challenges faced by zoo management during winter. Speaking to ANI, Dr. Kumar said, "As soon as the winter season begins, the zoo management faces two challenges. First, the pollution levels rise after Diwali, and second, the onset of winter... The area around the zoo is very green, and loca ...Read More >
Ola Electric continued to dominate the market in November as well and maintained market leadership, followed closely by TVS Motor and Bajaj Auto The domestic Electric Two-Wheeler (E2W) market continues its upward sales trajectory with annual sales exceeding the milestone of one million in November 2024. As per the data available on Vahan, E2W registrations went up by nearly a 30 percent YoY (year-on-year) in November 2024, reaching 1,18,944 units The country's e2W sales for the first 11 months of the year were at 10,74,041 units, up by nearly 37 percent from 7,84,532 units logged during the ...Read More >
New Delhi [India], December 3 (ANI): Congress MP Priyanka Gandhi Vadra on Tuesday expressed her sorrow over the havoc wreaked by Cyclone Fengal in south India including Tamil Nadu and Puducherry. Offering her condolences to those who lost their loved ones, Vadra appealed to the Congress workers to work with the administration in relief work amid the crisis. "Deeply saddened by the devastation caused by Cyclone Fengal in Tamil Nadu and Puducherry. My prayers are with those who have lost loved ones and those facing immense loss and hardship. I appeal to all Congress workers to join hands with ...Read More >
The report highlighted that the investors appear to be exercising caution, reflecting a shift in confidence toward new market entrants. It said, "A mix of disappointing IPO listing and a sharp decline in market sentiments has resulted in reduction in IPO subscription in last 2 months." The report stated that during the current financial year (FY2024), 54 IPOs have been listed, of which 38 are trading above their issue price, suggesting a mixed performance. It added that the historical data from July 2020 to November 2024 provides a broader view, out of 252 IPOs launched during this period, ...Read More >
NEW DELHI, Dec 12 (Reuters) - India's steel ministry on Thursday announced a formula for defining 'green steel,' classifying it under three categories based on the quantity of carbon emissions per metric tonne of the alloy produced. Steel produced with carbon dioxide emissions of less than 2.2 tonne per tonne of finished steel would be defined as "green steel," a ministry presentation released in New Delhi showed. Steel produced with emissions below 1.6 tonnes per tonne of alloy would be classified as "five-star green-rated steel," the cleanest of the three. Meanwhile, steel produced with e ...Read More >
New Delhi [India], December 12 (ANI): Reacting to the Mahayuti's massive victory in the Maharashtra elections, state Chief Minister Devendra Fadnavis on Thursday said that they had got higher numbers than they expected. Speaking at the India Economic Conclave hosted by Times Network. Fadnavis said that Prime Minister Narendra Modi's slogan 'Ek hai toh safe hai' worked as a "magic" in the state. "I knew that they (Mahayuti) were going to win the elections but if we are expecting that I will say I knew that we (BJP) are going to win the 132 seats but this is wrong he did not know that we are go ...Read More >
Bhubaneswar: Odisha's capital city, Bhubaneswar has witnessed a hike in the prices of petrol and diesel in the last 24 hours. On December 13, 2024, petrol has been priced at Rs 101.11 per litre while diesel costs Rs 92.69 per litre. The prices of petrol and diesel in silver city Cuttack have continued to remain constant for the second day. On December 13, 2024, petrol was priced at Rs 101.63 per litre while diesel costs Rs 93.18 per litre. The rates of petrol in major cities of India were recorded as follows: The rates of diesel in major cities of India were recorded as follows: ...Read More >
Andhra Pradesh is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters. U.S. authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Central government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022. Also read: Fitch takes negative rating actions on Adani ...Read More >
New Delhi [India], December 3 (ANI): The Rashtrapati Bhavan has been illuminated in purple light on Tuesday to mark the International Day of Persons with Disabilities. Celebrated annually on December 3, the day aims to integrate persons with disabilities into the societal mainstream and transform public attitudes towards them. The United Nations has designated this year's theme as 'Enhancing the Leadership of Persons with Disabilities for an Inclusive and Sustainable Future.' Also Read | Pune Shocker: Bike Rider Dragged for 2 Kilometres on Bonnet of Car in Pimpri Chinchwad; 3 Booked. In 201 ...Read More >