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New Delhi [India], September 29 (ANI): India's industrial output, as measured by the Index of Industrial Production (IIP), rose to a seven-month high of four per cent in August 2025, driven largely by strong growth in the mining and electricity sectors, according to a press release by the PHD Chamber of Commerce and Industry (PHDCCI). The mining sector registered a robust growth of 6 per cent in August, rebounding from a negative 7.2 per cent year-on-year growth in July 2025, while electricity ...Read More >
New Delhi, Sep 29 (PTI) The initial public offering (IPO) of logistics service provider Glottis Ltd got subscribed 42 per cent on the first day of bidding on Monday. The three-day IPO received bids for 84,69,402 shares against 2,01,23,929 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) portion attracted 1.79 times subscription while the quota for Retail Individual Investors (RIIs) received 22 per cent subscription. The category for non-institutional investors got ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, ...Read More >
Chennai : Motilal Oswal Mutual Fund (MOMF), which follows the QGLP (Quality, Growth, Longevity, Price) investing framework announced the launch of the Motilal Oswal Consumption Fund. This open-ended equity scheme is designed to capture India's multi-decade consumption growth story, now transitioning into an evolved phase of luxury and discretionary spending. The New Fund Offer (NFO) will be open for subscription from October 1st to October 15th, 2025. India's consumption is undergoing significa ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) India's navratri economy is gaining momentum with strong festive tailwinds as e-commerce sales are projected at Rs 1.2 lakh crore -- with UPI volumes crossing 20 billion transactions in August, and MSME festive credit demand is set to rise 35-40 per cent to Rs 3.45 lakh crore, a report said on Monday. According to Smallcase's report, nine sectors, including auto components, FMCG, defence, clean energy and others, are set to benefit from a combination of festiv ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The Indian equity indices opened higher on Monday with a rise in heavyweight stocks, as the key RBI MPC meeting began to decide on the repo rate. At 9.22 am, Sensex was up 108 points or 0.14 per cent at 80,534 and Nifty was up 30 points or 0.12 per cent at 24,685. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 302 points or 0.54 per cent at 56,680 and Nifty smallcap 100 index was up 90 points or 0.51 per cent at 17,651. Among t ...Read More >
New Delhi: The national capital recently witnessed two launches within weeks of each other. On 11 August, Elon Musk's Tesla had a lowkey launch for its second showroom in India, in Delhi's Aerocity. The global brand had only one model on display with a small crowd in attendance. On 6 September, a stone's throw away from Tesla's showroom, VinFast Auto Ltd, a little-known Vietnamese brand, made a much bigger splash. In a large ballroom that could easily hold more than 100 people, the company's le ...Read More >
Gurugram - VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Central Bank of India (CBI), one of the nation's largest banks, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions. Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, zero processing charges, exclusive off ...Read More >
Mumbai, Sep 26 (SocialNews.XYZ) The Indian equity benchmarks ended this week with the steepest weekly decline in six months, as well as registering a sixth consecutive session of decline -- amid concerns over H-1B visa fee hike and US pharma tariffs. Nifty and Sensex ended with a decline of around 2.50 per cent and 2.54 per cent, respectively, even as IT and pharma sectors came under selling pressure. Midcap and small-cap indices witnessed even higher selling pressure due to stretched valuatio ...Read More >
India's auto industry is suddenly having a blast. After months of lacklustre sales, the world's third-largest car market is experiencing a revival, thanks to the government's decision to reduce GST. To add to that, the cuts also came ahead of the festive season, which typically contributes to about 40 percent of the annual sales. "The GST cut has created a genuine affordability kicker just ahead of the festive window. Passenger cars, two-wheelers, and parts moving from 28 percent to 18 percent ...Read More >
New Delhi [India], September 26: In a significant move aimed at boosting the automobile sector, the Government of India has recently announced a reduction in Goods and Services Tax (GST) rates across various vehicle categories. This change is expected to make vehicles more affordable, especially in the small and medium segments, thereby encouraging first-time buyers and expanding household mobility. * This makes them more accessible for first-time buyers and enhances mobility for households. * ...Read More >
Mumbai, September 25, 2025 - Škoda Auto India is set to reignite the passion of driving enthusiasts with the return of a legend, the Octavia RS. Pre-bookings for the all-new Octavia RS will open on 6 October 2025, marking the comeback of Škoda Auto's most iconic performance sedan. The global icon will be available in India as a Fully-Built Unit (FBU), in limited volumes. With this launch, Škoda Auto India promises to deliver unmatched driving dynamics, bold design, and the unmistakable RS spirit ...Read More >
New Delhi: Driven primarily by higher shipments of automobiles, auto components, industrial machinery, and some basic metals, India's engineering goods exports recorded 4.91% year-on-year growth in August 2025. Engineering exports in August 2025 were recorded at US$9.9 billion, as against US$9.4 billion in the same month last year. The US remained the top destination for engineering exports from India with shipments rising 7.2% year-on-year to US$1.68 billion in August this year. On a month-o ...Read More >
The move aims to ensure reliable freight operations and more such trains will follow, said officials The Railways has launched four freight trains that will run on a fixed, notified schedule like passenger trains in a departure from the norm for goods services. The move aims to ensure reliable freight operations and more such trains will follow, said officials A senior official from the Railways Ministry said: "As per the existing system, the Railways provide rakes to customers as per their r ...Read More >
New Delhi, Sep 23 (SocialNews.XYZ) The GST 2.0 rate cuts will benefit Tamil Nadu across multiple sectors -- from traditional handlooms, handicrafts, coir and fisheries to modern industries like automobiles, electronics, renewable energy and defence, an official document said on Tuesday. With lower GST rates, consumer goods will become cheaper, MSMEs will gain better margins, exporters will be more competitive and large industries will find it easier to expand. The impact will be widespread, fro ...Read More >
New Delhi, Sep 23 (PTI) Auto stocks ended higher on Tuesday after automakers saw bumper sales on the first day of Navratri under the new GST regime. The sharp spike in bookings for automobiles drove auto stocks higher. Leading carmakers Maruti Suzuki and Hyundai Motor India on Monday saw bumper sales with buyers queuing up to buy their favourite models at lower price tags under the new GST regime. Bucking a muted trend in the broader equity market, shares of Ashok Leyland rallied 3.41 per cen ...Read More >
Kolkata: Ahead of World Ozone Day on Sept 16, a first-of-its-kind national survey by International Forum for Environment, Sustainability and Technology (iFOREST) revealed striking city-wise patterns in India's booming residential air conditioning (RAC) sector. The survey places Kolkata at a unique crossroads of energy efficiency and climate risk.The survey covered 3,100 households in seven cities -- Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Pune, and Jaipur -- using stratified random sampling ...Read More >
PUNE/NAVI MUMBAI: Probe into the abduction of a heavy vehicle's helper by an SUV driver during a road rage incident in Navi Mumbai on Saturday found that dismissed IAS officer Puja Khedkar's father, Dilip Khedkar, a retired state govt officer, was in the SUV, police said.Both Dilip Khedkar and his chauffeur have absconded in the SUV, a Navi Mumbai police officer added.The heavy vehicle's helper was rescued on Sunday from Khedkar's Pune bungalow, where police reached based on the SUV's number.A c ...Read More >
The Society of Indian Automobile Manufacturers (SIAM) has released the vehicle data for August 2025. According to SIAM, the total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in August 2025 was 26,93,049 units. The Passenger Vehicles sales were 3,21,840 units in August 2025. The total three-wheeler sales were 75,759 units in August 2025 and two-wheeler sales were 18,33,921 units in August 2025. SIAM commented that the sales of Passenger Vehicles in August 20 ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
The GOI announced the new GST slab at the 56th GST Council meeting held on September 3, 2025, headed by Minister of Finance Nirmala Sitharaman. As per the GST reform, small cars will enjoy a lower tax slab of 18 per cent. Resultantly, making them cheaper by a fair margin. Meanwhile, the GST slab for the luxury cars is now shifted to 40 per cent, from the 28 per cent bracket they enjoyed earlier. This might sound like a price increase, but the GOI has also dissolved the cess cars, bringing a sign ...Read More >
Cloudburst in Dehradun News: Dehradun experienced cloudbursts in Sahastradhara, leading to swollen rivers and damaged shops. Chief Minister Pushkar Singh Dhami reported rescue operations by police and SDRF. In Rishikesh, the Chandrabhaga river overflowed due to heavy rainfall, flooding the highway and trapping vehicles. SDRF successfully rescued three people stranded in the river, ensuring their safety. The local administration is monitoring the situation. ...Read More >
Mumbai, September 16: Noel Tata, chairman of Tata Trusts, reportedly floated a proposal to split the top leadership role at Tata Sons into separate positions of chairman, CEO and MD, and deputy CEO, aiming to reshape the governance structure of the group's holding company. The plan, however, has stalled after facing resistance from some trustees who remain firm on continuity. Noel's idea suggested that current chairman N Chandrasekaran should transition to a non-executive role when his term ends ...Read More >
CHENNAI: Households in Chennai are among the worst hit by poor servicing practices in India's booming air-conditioner (AC) market, with 73% of users reporting unnecessary refrigerant refilling during routine maintenance, a new national survey by the International Forum for Environment, Sustainability & Technology (iFOREST) has found. The findings, released ahead of World Ozone Day on September 16, are part of a first-of-its-kind national survey covering 3,100 households across seven cities Delh ...Read More >
Pune/Navi Mumbai: Chatushrungi police on Sunday night registered a case of obstructing public servant from performing his duty against "Manorama Khedkar, mother of dismissed IAS officer Puja Khedkar, and others" based on a complaint by sub inspector Deepak Kharat of Rabale police in Navi Mumbai.Rabale police had filed an FIR following a road rage incident in which the helper of a cement mixer was abducted by a person driving an SUV which brushed past the heavy vehicle on Mulund-Airoli road on Sa ...Read More >
New Delhi, Sep 15: India has now surpassed Japan to become the third-largest automobile market globally, and the government is targeting the No. 1 position within the next five years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday. Unveiling an ambitious roadmap to position India as the world's leading hub for automobile manufacturing, green mobility, and infrastructure innovation at the 'International Value Summit 2025' here, the minister said all major global au ...Read More >
New Delhi, Sep 15 (UNI) Road Transport and Highways Minister, Nitin Gadkari today said that India has surpassed Japan to become the third-largest automobile market globally, and the government is targeting the number one position within the next five years. "All major global automobile brands are now present in India. Their focus has shifted from merely assembling to exporting vehicles from India to the world," Gadkari was quoted as saying in an official statement here. He unveiled an ambitiou ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) Artificial Intelligence has the power to transform India's economic growth in the coming decade as it could add up to $1.9 trillion to the country's economy by 2035, according to a new report by NITI Aayog on Monday. Globally, AI adoption is expected to generate $17-26 trillion in value over the next ten years, as per the report titled 'AI for Viksit Bharat: Roadmap for Accelerated Economic Growth'. India has the potential to capture 10-15 per cent of this va ...Read More >
Pune: Automobile industry in India reported a mixed sales performance in August 2025 with passenger vehicle sales declining, while three-wheeler and two-wheeler segments registered growth, the Society of Indian Automobile Manufacturers or Siam said on Monday. Passenger vehicle sales dropped 8.8 per cent on year at 3.2 lakh units in August 2025, with the auto industry attributing the fall to recalibration of dispatches by manufacturers to dealers. On the other hand, the three-wheelers clocked i ...Read More >
MUMBAI: In a further boost to the raining IPO season, which has already seen over Rs 75,000 crore mopped up this year, Sebi has cleared the primary share sale plans of six companies. The companies that have received the Sebi nod are digital payments major Pine Labs, auto component maker Hero Motors, spices and ready to eat foods major Orkla India (the Norwegian company had snapped up Eastern Condiments and MTR Foods some time back), Emmwee Photovoltaic Power, Canara Robeco Asset Management Comp ...Read More >
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