India’s mobility market to double by 2030, driven by EVs and digital transformation
India’s mobility industry is poised to double and cross $600 Bn by 2030, according to the Think Mobility Report by Google and Boston Consulting Group (BCG). The report highlighted that growth in the sector will be driven by both traditional and emerging revenue pools, departing from global trends. It also
₹67 cr budgetary allocation likely to tackle issues related to diseases in areca plants
The Central government is likely to earmark ₹67 crore in the coming budget to implement the recommendations of the committee that studied issues arising from diseases in arecanut plantations. The Centre has asked the Karnataka government to earmark its share to tackle this issue. Addressing an arecanut growers’ meeting in
CCI slaps ₹40 lakh fine on Goldman Sachs for failure to notify investment in Biocon Biologics
The Competition Commission of India (CCI) has imposed a ₹40 lakh penalty on Goldman Sachs (India) Alternative Investment Management Private Limited (GS AIMPL) for failing to notify its investment in Biocon Biologics Limited (Biocon) under the Competition Act, 2002. The regulator found that Goldman Sachs’ acquisition of optionally convertible debentures
Electric vehicle sales in India crossed 14.08 lakh units in 2024: Kumaraswamy
Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing
Government may introduce new income tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced
Charting India’s agricultural future: Budget 2025
India’s agricultural sector, engaging roughly 45.8 per cent of the workforce, is central to the nation’s economic and social fabric. Despite employing nearly half of the workforce, it contributes only around 18% to GDP, underscoring productivity challenges and the need for modernisation. As the Union Budget 2025 nears, it presents
Centre mulls M&A framework overhaul to speed up corporate restructuring
The central government is considering significant amendments to the Companies Act, 2013, to streamline and simplify the merger, amalgamation, and demerger process. The focus is on reducing procedural bottlenecks and expediting corporate restructuring. A communication from the Cabinet Secretary T V Somanathan to various ministries has sought comments on proposed
Centre to back auto industry’s global leadership: PM Modi at Bharat Mobility Expo
Prime Minister Narendra Modi on Friday said that the Centre has given all the support to the automobile industry and they can expect more in the coming years as India becomes a leading automobile market in the world. Speaking at the inaugural session of the Bharat Mobility Global Expo 2025
India targets ₹1 lakh crore export earnings from fish, fishery products
India has set an ambitious target of achieving ₹1 lakh crore earnings through the export of fish and fishery products, according to George Kurian, Union Minister for Fisheries, Animal Husbandry and Dairying. Last year, the country achieved an impressive total income of ₹63,000 crore through the export of fish and
Gem, jewellery exports dip on weak demand
Gem and jewellery export dipped 10 per cent last month to $1.97 billion against $2.19 billion on back of geopolitical tension and global economic slowdown. In rupee terms, it plunged to ₹16,719 crore (₹18,270 crore), as per the Gems and Jewellery Export Promotion Council data. With the looming economic uncertainty,