India’s electric car penetration to surge to 9 per cent by FY30: Nomura Report
The penetration of electric cars in India is projected to rise significantly, reaching 9 per cent by FY30 from the current 2 per cent, according to a report by Nomura. This shift is part of the country’s broader transition toward sustainable and eco-friendly mobility solutions. The report highlighted that electric
Vizag-bound Air India Express flight returns to Bengaluru due to technical issue
An Air India Express flight traveling from Bengaluru to Visakhapatnam on Saturday returned to the airport here due to a technical issue, airport officials said. The flight, which took off at 10 am, circled over Bengaluru before returning to the airport from where it had originally departed. Airport officials clarified
Specially-designed Vande Bharat train completes trial run in Jammu and Kashmir
Years of hard work and dedication, and some engineering marvels later, the dream of Kashmir’s rail connectivity finally came true as a specially-designed Vande Bharat Express train arrived here on Saturday, completing its trial run. The train, on its maiden trial run, arrived at the Srinagar station in the Nowgam
TPG Scion acquires stake in SCHOTT Poonawalla, seeks CCI approval for strategic pharma packaging deal
Global investment giant TPG Group is set to expand its footprint in India’s pharmaceutical packaging industry with its affiliate, TPG Scion SG Pte Ltd, acquiring a stake in SCHOTT Poonawalla Private Limited (SPPL). The deal, which involves a secondary share purchase from Serum Institute of India Pvt Ltd, is currently
IndiGo profit slips 18 pc to ₹2,448 crore over forex loss
InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth. While revenue from operations grew 13.7 per cent to ₹22,110
Agrochem makers seek cut in duty, GST rationalisation in Budget
Agrochemical makers are looking forward to the uniform basic customs duty, rationalisation of GST and introduction of the 200 per cent deduction on R&D expenses in the forthcoming Budget. CropLife, a body of agrochemical makers has suggested key measures to the government such as maintaining a uniform basic customs duty
Indian govt may announce special fund for oilseeds purchase in Budget
The Government is considering the creation of an oilseed buffer corpus like the pulses buffer. This development comes even as the purchase of oilseeds is allowed by the Centre at the minimum support price (MSP) after the approval of the Agriculture Ministry. A separate fund may help States undertake oilseeds
Trump administration’s policies may drive shift in Indian students’ higher education choices
The Trump administration’s policies on citizenship, stricter immigration, and visa rules may influence the preferences of Indian students pursuing higher education in the United States, according to industry players. Indian students represent the largest international student community in the US, with 3,31,602 enrolled during the 2023-24 academic year. However, industry
Trump’s tariff woes: India ready to ‘talk it out’
India has indicated its willingness to sort out tariff woes of the Donald Trump-led regime in the US through “constructive dialogue”. “The new US government has come in recently. Whatever trade issues are there we will talk it out, we will discuss…And we want to further enhance and expand our
IBC cases slow down as banks reconsider recovery approach
The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism, is witnessing a slowdown in case admissions, with banks showing reluctance to tap this channel for recoveries. While the IBC remains the dominant tool for resolving distressed debts, delays in case admissions and diminishing recovery percentages are