EVs, hybrids impacting auto fuel sales in FY25
The rising popularity of electric vehicles (EVs) and hybrid vehicles is impacting India’s consumption of petrol and diesel, which accounts for more than 60 per cent of the refined products usage in the world’s third-largest crude oil consumer. Top management at the State-run Bharat Petroleum Corporation (BPCL), operating over 22,000
Phase III of HSN code reporting in GSTR-1/1A to roll out from February
To ensure accuracy and consistency in GST compliance, GSTN has decided to implement phase III of mandatory HSN code reporting from next month. Experts say that this change will enable GSTN to compile more value-added reports concerning the use of inputs, input services, and their contribution to final production, besides
Digital economy to grow almost twice as fast as overall economy: MeitY, ETCFO
India’s digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2029-30, the ministry of electronics and information technology said in a report. In under six years, the share of digital economy will be larger than that of
Akasa Air will add seven destinations in CY 2025
Mumbai : Akasa Air will add 5-7 destinations in 2025 as it expects an improvement in its aircraft deliveries. Akasa Air inducted 20 Boeing 737 Max aircraft in its first year of operations. Growth has slowed down since then with airline receiving four planes last year. The airline’s founder-CEO Vinay
PNB Housing Finance eyes ₹1 lakh crore retail book by March 2027: CEO Kousgi
PNB Housing Finance Ltd (PNBHFL), a retail focused home loan provider, is eyeing a retail home loan book of ₹1 lakh crore by March 2027, its Managing Director & CEO Girish Kousgi has said. Currently, the company’s retail book, which is growing at 17.5 per cent, stood at ₹70,767 crore.
Centre hikes raw jute MSP by 6% to ₹5,650/quintal for marketing season 2025-26
The Union Cabinet on Wednesday approved a minimum support price of ₹5,650 per quintal for raw jute for marketing season 2025-26. This is an increase of ₹315 or around 6 per cent over the previous marketing season 2024-25. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra
Coffee Board, NLM-Karnataka sign MoU to train women in entrepreneurship
The Coffee Board of India and the National Livelihood Mission-Karnataka have signed a memorandum of understanding (MoU) to empower about one lakh women members of the NLM self help groups across the State on coffee brewing techniques and rural cafe management. The MoU of this project was signed by KG
CIFT conducts training on combating antimicrobial resistance in fisheries and animal sciences
George Ninan, Director of ICAR-Central Institute of Fisheries Technology, has underscored the critical need to address antimicrobial resistance (AMR) in the fisheries and animal sciences sectors. Inaugurating a training programme at CIFT, he highlighted the growing challenge of AMR in these fields and the importance of capacity-building initiatives to combat
NDDB Dairy Services to deploy 10 indigenously developed sex-sorting machines in Tamil Nadu
Having developed an indigenous technology that ensures birth of a higher percentage of female calves, NDDB Dairy Services (NDS) now plans to deploy 10 sex-sorting machines that work on this new technology at Alamadhi Semen Station in Tamil Nadu during the current year. These machines will have an annual capacity
High frequency indicators showing signs of revival: BNP Paribas
Several high frequency indicators in the Indian economy such as credit growth, index of industrial production, steel production, auto sales, and GST collections are showing signs of a pick-up after bottoming out in the third quarter of 2024, BNP Paribas said in its latest Indian strategy report. Agriculture gross value