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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 >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) Amara Raja Energy and Mobility Limited on Thursday reported a 34 per cent drop in its consolidated net profit for the April-June quarter (Q1 FY26), as profit after tax (PAT) stood at Rs 165 crore, compared to Rs 249 crore in the same period previous fiscal (Q1 FY25). Sequentially, however, profit inched up 2 per cent from Rs 161.57 crore in the March 2025 quarter (Q4 FY25), according to its stock exchange filing. Revenue from operations rose 4.2 per cent year-on ...Read More >
Bengaluru -- In a landmark development for India's power and infrastructure manufacturing landscape, Zetwerk Manufacturing Businesses Pvt Ltd, a digital manufacturing platform, has acquired a controlling stake in KRYFS Power Components Ltd., a market leader in transformer solutions. This strategic move positions Zetwerk at the forefront of India's energy and electrification revolution, combining cutting-edge digital manufacturing with decades of engineering excellence to serve a fast-growing, i ...Read More >
New Delhi [India], July 20 (ANI): India's tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese produ ...Read More >
New Delhi [India], July 20 (ANI): India tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese produce ...Read More >
New Delhi [India], July 20 (ANI): India's tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese produ ...Read More >
New Delhi, Jul 19 (PTI) Delhi Chief Minister Rekha Gupta celebrated her 51st birthday in her ancestral village, Nandgarh, in neighbouring Haryana on Saturday. Prime Minister Narendra Modi and other top Union ministers and BJP leaders greeted Gupta, born on July 19, 1974, on her first birthday after becoming the chief minister in February. "Best wishes to Delhi Chief Minister, Smt. Rekha Gupta ji, on her birthday. Rising through the ranks, she has always remained active in serving Delhi. As Chi ...Read More >
Bengaluru - CEAT Limited (CIN No: L25100MH1958PLC011041), an RPG Group company, today announced its unaudited results for the first quarter ended 30th June, 2025. On a consolidated basis, the Company's revenue closed at Rs. 3,529.4 crore, an increase of 10.5% Y-o-Y, EBITDA margin stood at 10.9%. Net profit stood at Rs. 112.3 crore. Commenting on the results as well as the outlook of the business, Mr. Arnab Banerjee, MD & CEO, CEAT Limited, said, "We continue to grow at a strong pace with double ...Read More >
Tyre manufacturer CEAT Ltd reported a 27.16 per cent decline in consolidated net profit to ₹112.3 crore for the first quarter ended June 2025, down from ₹154.18 crore in the same period last year. The drop in earnings was attributed to a significant rise in raw material costs, the company said in a regulatory filing on Thursday. Consolidated revenue from operations rose 10.6 per cent YoY to ₹3,529.41 crore in Q1 FY26, compared to ₹3,192.82 crore in the corresponding quarter of the previo ...Read More >
The initiative is a strategic roadmap aligned with the 'Viksit Bharat @2047' vision, building on the achievements of previous Automotive Mission Plans, which promoted the significant growth in India's automotive sector through stakeholder collaboration, the statement explained. 2381;टर में अग्रणी बनाने के लिए इनोवेशन, वैश्विक प्रतिस्पर्धात्मकता और सस्टेनेबल डेवल ...Read More >
New Delhi, Jul 17 (PTI) Tyre maker CEAT Ltd on Thursday reported a 27.16 per cent decline in consolidated net profit to Rs 112.3 crore in the June quarter, impacted by higher raw material cost. The company, which had posted a consolidated net profit of Rs 154.18 crore in the first quarter last fiscal, said it will invest about Rs 450 crore in the capacity expansion of its Chennai plant. Consolidated revenue from operations stood at Rs 3,529.41 crore in the first quarter as against Rs 3,192.82 ...Read More >
New Delhi, Jul 17 (PTI) Tyre maker CEAT Ltd on Thursday reported a 27.16 per cent decline in consolidated net profit to Rs 112.3 crore in the June quarter, impacted by higher raw material cost. The company, which had posted a consolidated net profit of Rs 154.18 crore in the first quarter last fiscal, said it will invest about Rs 450 crore in the capacity expansion of its Chennai plant. Also Read | 'A Decade of Digital India' Reel Contest by Government of India: How To Participate and Win Up T ...Read More >
NEW DELHI: Following constant media reports in the west on Air India AI 171 crash that squarely point the blame on the captain of the doomed aircraft based on information from US authorities, India's Aircraft Accident Investigation Bureau (AAIB) on Thursday called out this "irresponsible" drawing of "conclusions through selective and unverified reporting." The bureau issued this statement after The WSJ in its latest report on the issue said, "...captain turned off switches that controlled fuel f ...Read More >
The long-term outlook remains positive, supported by strong export potential and a government-led infrastructure push. Source : Freepik Following a subdued start to FY2026, Rating agency ICRA projects a turnaround in the Indian mining and construction equipment (MCE) industry in the latter half of the year, driven primarily by renewed government-led capital expenditure. "Given the observed weakness in domestic demand during Q1 FY2026--which is expected to persist into Q2 as monsoon conditions ...Read More >
Military leaders, experts, and industry representatives are set to gather to formulate a strategic indigenisation plan for Unmanned Aerial Vehicles (UAVs) and Counter-Unmanned Aerial Systems (C-UAS) to reduce reliance on foreign components. The event aligns with India's Aatmanirbhar Bharat initiative and emphasizes national security and technological self-reliance. In a concerted effort to enhance India's technological independence, military chiefs, defence specialists, policymakers, and indust ...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. ...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. ...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. ...Read More >
Qualcomm has announced Snapdragon XR Day, set to take place on 21st July in New Delhi, as the first major event in its month-long 'Snapdragon for India' initiative. The special campaign is designed to spotlight Qualcomm's growing influence in emerging technology sectors across the country, beginning with extended reality (XR) - a collective term encompassing Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR). The Snapdragon XR Day will serve as a showcase of Qualcomm's vision ...Read More >
New Delhi [India], July 13 (ANI): Aviation safety consultant and founder and CEO of Martin Consulting, Mark D Martin, on Sunday called for a fair and unbiased investigation into the recent Air India flight 171 crash, emphasising that the preliminary investigation report released by the Aircraft Accident Investigation Bureau (AAIB) tried to put the blame deliberately on the pilots and exonerate the OEM (Original Equipment Manufacturer). During an interview with ANI, Martin criticised the report ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
New Delhi, Jul 11: Under the visionary leadership of Prime Minister Narendra Modi and the guidance of Union Minister for Heavy Industries & Steel, H.D. Kumaraswamy, the Ministry of Heavy Industries (MHI), Government of India, has announced a pioneering scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Indian government is extending direct support specifically for electric trucks, aiming to accelerate the country's ...Read More >
New Delhi, July 11: The Aircraft Accident Investigation Bureau (AAIB), which is investigating the fatal London-bound Air India flight AI171 crash into a medical college hostel just seconds after take-off from the Ahmedabad airport on June 12, will share its preliminary report very soon, Union Civil Aviation Minister K Rammohan Naidu said on Friday. The minister emphasised that the ministry is ensuring transparency and accountability in the probe. "The report will be submitted very soon. AAIB is ...Read More >
New Delhi, July 11 (SocialNews.XYZ) The Aircraft Accident Investigation Bureau (AAIB), which is investigating the fatal London-bound Air India flight AI171 crash into a medical college hostel just seconds after take-off from the Ahmedabad airport on June 12, will share its preliminary report very soon, Union Civil Aviation Minister K Rammohan Naidu said on Friday. The minister emphasised that the ministry is ensuring transparency and accountability in the probe. "The report will be submitted v ...Read More >
Union Heavy Industries & Steel Minister H.D. Kumaraswamy on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Government of India is extending direct support for electric trucks, aiming to accelerate the country's transition to clean, efficient, and sustainable freight mobility. Advertisement Highlighting the significance of the scheme, Mr Kumaraswamy stated, "Diesel trucks, tho ...Read More >
Mumbai -- Tata Elxsi, a global leader in design and technology services, today announced the signing of a Memorandum of Understanding (MoU) with Synopsys, a leader in silicon to systems design solutions, to collaborate to deliver advanced automotive virtualization solutions. The MoU was signed at the SNUG India 2025 event in Bengaluru by senior leaders from both companies. The collaboration will provide customers pre-verified, integrated solutions and services that make it easy to design and de ...Read More >
Chennai, Jul 11 (PTI) The Keel Laying ceremony of the third Fleet Support Ships (FSS) for Indian Navy was held at the L&T Shipyard at Kattupalli here on Wednesday. The ceremony was held in the presence of Vice Admiral Rajaram Swaminathan, Controller Warship Production & Acquisition, and senior officials from the Indian Navy, Hindustan Shipyard Ltd HSL and L&T, a PIB (Defence) release on Friday said. It said the Indian Navy had signed a contract with HSL for the acquisition of Five Fleet Suppor ...Read More >
Chennai, Jul 9 (PTI) VinFast Auto India, the subsidiary of Vietnam-headquartered electric vehicle maker VinFast, has inducted 200 employees for its upcoming facility, which is expected to commence operation in Tuticorin soon. The recruitment of 200 professionals follows a large-scale recruitment drive held in April, which saw participation from 344 diploma students hailing from the region. With the support from District Collector K Elambahavath and the State Industries Department, VinFast Indi ...Read More >
Mumbai, Jul 9 (PTI) JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it is keeping a close watch on the developments. The company, which launched its first premium car showroom, MG Select, in Thane in the Mumbai Metropolitan region, also said that the curbs by China on the supply of magnets have been impacting not only ...Read More >
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