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India's export regulations have been amended by the Directorate General of Foreign Trade, now permitting the export of Second Generation (2G) ethanol. This eco-friendly ethanol, derived from non-food sources like agricultural residues, aligns with sustainability goals due to its low CO₂ emissions. Exports necessitate valid authorization and feedstock certification, impacting ethanol under ITC(HS) Code 22072000. The Directorate General of Foreign Trade (DGFT) on Wednesday updated India's export ...Read More >
New Delhi [India], September 24 (ANI): After meeting the target of 20 per cent ethanol blending in Petrol, the time has arrived when India should gear up for exporting ethanol given its surplus production in the country, Minister of Road Transport and Highways, Nitin Gadkari, said on Wednesday. "It is the time for India's futuristic development. We need to reduce our imports and increase our exports. As far as the surplus of ethanol, it is now the requirement of the country that we need to expo ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) The Indian automobile industry witnessed contrasting trends in August, with passenger vehicle sales slipping as customers await the Goods and Services Tax (GST) reform's benefits that are scheduled to be effective from September 22, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Meanwhile, the two-wheeler and three-wheeler segments continued to expand last month. Passenger vehicle wholesales declined 8.8 per cen ...Read More >
Mumbai: Hyundai Motor India Limited is one of the most popular car companies in India. It sells cars in many segments -- from small cars to SUVs. Popular models like Hyundai Aura and Hyundai Creta are loved by many people. If you're planning to buy a Hyundai car, there's good news. After September 22, prices of many Hyundai cars are going to drop. This is because these cars will now fall under the 18 percent GST slab instead of the earlier 28 percent GST slab. This means customers will get cars ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday. As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive th ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday.As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive than ...Read More >
New Delhi: Road transport and highways minister Nitin Gadkari on Friday said the Centre and states could earn up to ₹40,000 crore in goods and services tax (GST) if all the 9.7 million unfit and polluting vehicles in the country are scrapped. A total of 300,000 such vehicles have been scrapped till August, including 141,000 government vehicles, said Gadkari, addressing the annual session of the Automobile Component Manufacturers Association of India (ACMA). "According to our estimate, there ar ...Read More >
New Delhi, Aug 29 (PTI) Jio Platforms, the entity that houses Reliance Industries' telecom and digital businesses, is gearing up for an initial public offering (IPO) and stock market listing in the first half of 2026, RIL Chairman Mukesh Ambani said Friday, sparking wide expectations that the share-sale could be the biggest in the country's history. Jio is currently a unit of Reliance Industries, India's most valuable company, and while the Reliance Industries Chairman did not disclose the quan ...Read More >
Bhopal: Ahead of the Supreme Court hearing from September 23, an all-party meeting was hosted by Madhya Pradesh Chief Minister Mohan Yadav on Thursday at his official residence, where a formal resolution to ensure the full 27% reservation for Other Backward Classes (OBCs) has been unanimously adopted, marking a decisive shift in the state's legal and administrative posture. Backed by all major parties, the resolution affirms that the remaining 13% of the quota, on top of the 14% already impleme ...Read More >
New Delhi, August 28: Nissan stopped the production of its R35 GT-R model globally 18 years. The Nissan R35 GT-R 'Godzilla' was a high-performance sports car made by the Japanese automaker. Despite Nissan Motor ending the production of the units, it is said that the name would return in the future. Nissan R35 GT-R 'Godzilla' had around 48,000 units made during its long-running production course, and with just a team of nine craftsmen called "Takumi", skilled in assembling the R35 GT-R engines i ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
MUMBAI: Small car prices may decrease by up to 10% if the applicable tax slab is reduced from 28% to 18%. As part of the wider reforms to boost economic growth, the centre has proposed moving from four tax slabs to a simplified two-rate system: 5% for essential items and 18% for most other goods. Luxury and sin products are likely to face a steeper levy of around 40%. "Cars currently are under the 28% GST band and if GST is rationalised to 18% then prices for entry-level cars can come down by ...Read More >
A three-year safeguard duty on steel imports, initiated by DGTR due to increased imports and declining domestic profits, faces strong opposition. GTRI's report suggests this duty could negatively impact auto, engineering, and construction sectors by raising input costs. Stakeholders argue that the duty will harm export competitiveness and create sourcing challenges, despite domestic steelmakers' profitability. The three-year safeguard duty on steel imports by Directorate General of Trade Remedi ...Read More >
Chennai, August 4: Vietnamese Electric Vehicle (EV) major VinFast on Monday officially inaugurated its assembly plant at Thoothukudi in Tamil Nadu, kicking off the move that will see a phased investment of up to Rs 16,000 crore. In its initial phase, the plant has a capacity to assemble 50,000 SUVs of its two premium electric SUV models -- the VF 6 and VF 7. The plant is scalable up to 150,000 units annually to meet the rising demand as the company aims to develop Thoothukudi as an export hub. ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47- ...Read More >
Thoothukudi, India. Vietnam's Vinfast on Monday began production at a $500 million electric vehicle plant in southern India's Tamil Nadu state, part of a planned $2 billion investment in India and a broader expansion across Asia. The factory in Thoothukudi will initially make 50,000 electric vehicles annually, with room to triple output to 150,000 cars. Given its proximity to a major port in one of India's most industrialized states, Vinfast hopes it will be a hub for future exports to the regi ...Read More >
Tura (Meghalaya), Aug 4 (PTI) An official of the Meghalaya Agriculture Department was swept away by strong currents of the Ganol River in West Garo Hills district while attempting to cross the water body during a family picnic, police said on Monday. The missing official, identified as Teseng M Sangma, was posted at Ampati in South West Garo Hills district and resided in staff quarters near Dolampong in Araimile police station area in Tura. Teseng had gone to Sella Wari near Ganol River for a ...Read More >
THOOTHUKUDI, India (AP) -- Vietnam's Vinfast is due to break ground Monday on a $500 million electric vehicle plant in southern India's Tamil Nadu state, part of a planned $2 billion investment in India and a broader expansion across Asia. The factory in Thoothukudi will initially make 50,000 electric vehicles annually, with room to triple output to 150,000 cars. Given its proximity to a major port in one of India's most industrialized states, Vinfast hopes it will be a hub for future exports t ...Read More >
THOOTHUKUDI, India (AP) - Vietnam´s Vinfast is due to break ground Monday on a $500 million electric vehicle plant in southern India´s Tamil Nadu state, part of a planned $2 billion investment in India and a broader expansion across Asia. The factory in Thoothukudi will initially make 50,000 electric vehicles annually, with room to triple output to 150,000 cars. Given its proximity to a major port in one of India's most industrialized states, Vinfast hopes it will be a hub for future exports to ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
Hyderabad, Aug 3 (SocialNews.XYZ) Bharat Rashtra Samithi (BRS) working president and former Telangana minister K.T. Rama Rao on Sunday cautioned people that if they vote for the ruling Congress party in by-elections, it would stop even the existing welfare schemes. He strongly criticised the Congress party's 20-month rule in Telangana, calling it incompetent, anarchic, and riddled with corruption. Rama Rao was addressing a meeting of party workers from the Jubilee Hills constituency, where the ...Read More >
Bhubaneswar: Odisha Vigilance sleuths on Sunday uncovered a staggering pile of disproportionate assets allegedly amassed by Golap Chandra Hansdah, a Motor Vehicle Inspector (MVI) posted in Boudh district. Acting on credible inputs, simultaneous house searches were launched across multiple locations linked to Hansdah, revealing wealth far beyond his known sources of income. According to officials, the raids led to the seizure of a double-storeyed building measuring approximately 3,300 square fe ...Read More >
The National Stock Exchange of India (NSE) ranked fourth globally in initial public offering (IPO) fundraising during the first half of 2025, raising $5.51 billion, according to S&P Global Market Intelligence. The NSE came in behind the Nasdaq Global Market, NYSE and the Nasdaq Global Select Market, accounting for 8.9% of worldwide IPO proceeds during the period. Despite a slower start compared to the same period last year, Indian markets saw 119 IPOs in the first six months of 2025, raising a ...Read More >
CHENNAI: In a major stride toward green energy innovation, the Hyundai HTWO Innovation Centre was officially unveiled on Tuesday at the Discovery Campus of IIT Madras in Thaiyur here. The ambitious Research & Development hub, dedicated to green hydrogen technology, is being developed by Hyundai Motor India Limited (HMIL) in collaboration with IIT Madras and Guidance Tamil Nadu, with strong backing from the state government. Unveiling the design of the Centre, T R B Rajaa, State Minister for In ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
India's Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) that sets the stage for long term cooperation between the two companies. They have agreed to jointly explore newbuilding opportunities in India and abroad and to share technical expertise. KSOE oversees the operations of some of the world's largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. CS ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
KOCHI: Aiming to develop Kochi as a major hub of shipbuilding in the Indian Ocean region, the Cochin Shipyard Limited (CSL) inked a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering Ltd (KSOE), a subsidiary of HD Hyundai, one of the largest shipbuilders in the world, on Friday. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development, which includes joint exploration o ...Read More >
New Delhi - Xperi Inc. (NASDAQ: XPER), a global technology leader in audio, imaging, and digital media, today emphasised the benefits of its HD Radio technology for the evolution of terrestrial radio broadcasting in India. With over two decades of successful commercial deployment in North America, HD Radio offers a robust, efficient, and enhanced digital radio solution for the Indian market. Maximising radio listening experience HD Radio technology enables remarkable efficiency in spectrum uti ...Read More >
New Delhi [India], July 4 (ANI): The domestic automobile industry is expected to continue witnessing strong export growth across two-wheelers (2W), commercial vehicles (CV), and passenger vehicles (PV), while domestic sales are likely to remain show a mixed bag, according to a report by Axis Securities. In June 2025, the report stated that the overall domestic two-wheeler (2W) industry recorded a marginal 2 per cent uptick in wholesale volumes. Also Read | 'The Traitors India Season 1' Winners ...Read More >
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