Piaggio Vehicles anticipates a 50% penetration of L5 electric three-wheelers in India by mid-2028, driven by a structural market shift despite reduced government incentives. The company emphasizes the need for clarity on incentive continuation as it launches new electric passenger models. Factors like improved infrastructure and lower costs are fueling EV adoption, particularly in the…
Jabalpur-Raipur and Rewa-Pune Express trains were inaugurated, enhancing connectivity across Madhya Pradesh, Rajasthan, Maharashtra, and Gujarat. Railway Minister Ashwini Vaishnaw and Chief Minister Mohan Yadav flagged off the services, including a new Bhavnagar-Ayodhya Express. These initiatives aim to modernize the railway network, boost passenger movement, trade, and tourism, while also improving access to religious and…
India’s semiconductor market is projected to more than double, reaching $100–110 billion by 2030, up from $45–50 billion in 2024–25. A government statement highlighted the urgency to build secure, diversified chip supply chains amid global reliance on Taiwan. India aims to become a trusted global hub, backed by ₹76,000 crore in incentives and over ₹1.55…
The government has issued the 2025 VOPPA Regulation Order to tighten oversight of the edible oil industry. Effective August 1, it mandates stricter registration, monthly reporting, and empowers officials to inspect and act against non-compliance. Aimed at preventing hoarding and ensuring fair prices, the new rules address data gaps and simplify outdated provisions, enhancing transparency…
Air India flight AI500 from Bhubaneswar to Delhi got cancelled. The cancellation occurred due to high cabin temperature. Passengers faced inconvenience. On July 31, Air India flight AI2017 from Delhi to London experienced delay. The flight aborted takeoff due to a suspected technical issue. Passengers were provided with an alternative aircraft. Air India prioritizes passenger…
Odisha Chief Minister Mohan Charan Majhi announced that land acquisition for a Rs 40,000 crore mega steel plant in Keonjhar will begin soon, as the required funds have been deposited. The project, a JSW-POSCO joint venture with 5 MTPA capacity, is expected to boost the local economy and employment. Majhi also reviewed district projects and…
Packaged goods companies are trimming portfolios and controlling costs amid weak demand. Nestle India and Dabur have dropped underperforming products, while Varun Beverages is rationalising manpower due to weather-hit sales. Emami is revamping brands facing pressure from online competitors.
The Directorate of Revenue Intelligence may investigate steel imports from Nepal and China. This action aims to shield the Indian steel industry from substandard products. Nepal has become a major steel exporter to India. Concerns arise about Chinese steel being routed through Nepal. Some Chinese companies are allegedly falsifying quality compliance documents.
An Indian Army Lieutenant Colonel, Ritesh Kumar Singh, is under investigation after allegedly assaulting four SpiceJet employees at Srinagar airport following a dispute over excess baggage. The incident, which resulted in serious injuries to the staff, led to the registration of FIRs from both SpiceJet and the army officer.
ITC Hotels is capitalizing on heightened investor interest and evolving customer needs in India’s hospitality sector by expanding its brand portfolio and exploring new segments like branded residences. The company’s strong financial performance, with increased revenue and profit, supports its expansion plans, including new hotels in India and opportunities overseas.
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