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Home  Business

Business

Hyundai, Kia, Mercedes Benz, Volkswagen, Skoda interested in making EVs in India: Minister

Hyundai, Kia, Mercedes Benz, Volkswagen, Skoda interested in making EVs in India: Minister

  • Embraer in talks with IndiGo, Air India; sees lot of opportunities in India

    The company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats
  • Real cost of flying 40 per cent lower than a decade ago: IATA

    At the IATA annual general meeting, which is taking place in India after 42 years, Walsh also said the rate of growth in the airline industry has slowed down as a result of supply chain issues
  • Over 6.1 cr Indian farmers have have digital IDs similar to Aadhaar card linked to land records

    Created under Agri Stack as part of the Digital Agriculture Mission, these IDs are maintained by the State Governments/ Union Territories
  • RBI Monetary Policy Committee likely to go for 25 bps rate cut on June 6 as inflation cools

    The Central Bank is projected to cut the repo rate by another 50 basis points (bps) this fiscal (FY26), after the 50 bps cut until April this year
  • Tesla not interested in manufacturing electric cars in India: Kumaraswamy

    Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country, Union Heavy Industries Minister H D Kumaraswamy said
  • Centre unveils new scheme to make India global hub for making electric cars

    According to the notification, the maximum number of EVs to be imported under this scheme will be such that the maximum duty foregone per applicant will be limited to Rs 6,484 crore
  • RBI says Rs 2000 notes worth Rs 6,181 crore still in circulation

    Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation
  • Royal Enfield sales jump 26 per cent to 89,429 units in May

    RE reported a 26 per cent jump in total sales at 89,429 units in May, as compared to 71,010 units in the same month last year
  • Hyundai sales decline 8 per cent in May at 58,701 units

    The company's total sales stood at 63,551 units in May last year, Hyundai Motor India Ltd (HMIL) said in a statement
  • Sensex, Nifty slide over 750 points amid weak Asian cues, Trump’s steel tariff hike, and FII outflows

    Benchmark indices Sensex and Nifty slumped sharply on Monday amid weak Asian market cues, renewed trade war fears after Trump’s steel tariff hike, and continued FII selling. India’s strong Q4 GDP growth offered some support despite global market volatility.
  • Rupee gains 12 paise amid weak dollar, strong GDP growth and hopes of RBI rate cut

    The rupee rose 12 paise to 85.43 against the US dollar on Monday, buoyed by weak global cues and robust GDP data. Analysts await RBI’s rate decision and PMI data as markets remain volatile amid foreign fund outflows and high oil prices.
  • UPI transactions see 23 pc rise at Rs 25.14 lakh crore in May

    The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April
  • India to raise issues on agriculture, fisheries, investment facilitation during WTO meet on June 3 in Paris

    The mini-ministerial meeting will be held on the margins of the OECD (Organisation for Economic Co-operation and Development) Ministerial Council Meeting in Paris
  • Kia India dispatches up 14 per cent at 22,315 units in May

    Kia India reported a 14 per cent year-on-year increase in dispatches to dealers in the domestic market
  • Gross GST collections rise 16.4 per cent to over Rs 2.01 lakh crore in May

    In May, gross revenues from domestic transactions rose 13.7 per cent to about Rs 1.50 lakh crore, while GST revenue from imports grew 25.2 per cent to Rs 51,266 crore
  • Govt reduces APM gas price for first time in 2 years

    The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu)
  • Rajiv Memani takes over as new CII President for FY26

    EY India's Chairman and CEO Rajiv Memani has assumed office as the President of the Confederation of Indian Industry (CII) for 2025-26
  • Vietnam’s Vingroup in talks with Andhra, Telangana governments to expand presence in India

    VinFast, the electric vehicle (EV) unit of Vingroup, plans to launch its VF7 and VF6 models in India before the festival season this year
  • Piyush Goyal commences official visit to France, Italy to boost strategic, economic ties

    Union Minister Goyal is scheduled to hold bilateral meetings, including with Eric Lombard, Minister of Economy, and Laurent Saint-Martin, French Trade Minister, according to the Commerce Ministry
  • Toyota Kirloskar Motor sales up 22 per cent to 30,864 units in May

    In May 2024, Toyota Kirloskar Motor had sold a total of 25,273 units
  • Hyderabad-based Dr Reddy’s not to sell Novo Nordisk’s Ozempic-like drug in India

    The undertaking to Delhi HC follows a patent infringement plea filed by the Danish drugmaker against Dr Reddy’s Laboratories and OneSource Speciality Pharma. Novo Nordisk’s blockbuster weight-loss drug Ozempic Wegovy is expected to be launched soon in India
  • Vodafone Idea reports net loss of Rs 7,166 crore in Q4, revenue slips

    Vodafone Idea has reported a wider net loss of Rs 7,166.1 crore for the fourth quarter ended March 31 (Q4 FY25), compared to a loss of Rs 6,609.3 crore in the previous quarter (Q3 FY25)
  • China’s factory activity contracts in May: Official survey

    China's purchasing managers' index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said. PMI is measured on a scale from 0 to 100, where 50 marks the cutoff between expansion and contraction
  • ‘When will PM Narendra Modi break his silence?’ Congress on Trump’s truce claims

    Congress general secretary Jairam Ramesh tagged a video clip of Trump to say this is the 11th time in 21 days that Modi's "great friend" claimed he had a role to play in the ceasefire between the two neighbours
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