The electric three-wheeler market in India, currently fragmented and facing stricter battery regulations and reduced government subsidies, is poised for consolidation, according to Sulajja Firodia Motwani, cofounder of Kinetic Green. Despite the market's shifts, Kinetic Green plans to grow organically rather than through acquisitions, focusing on collaborating with smaller players lacking technology or network capabilities.
The Delhi High Court has granted a significant relief to ITC by staying a ₹111-crore ground rent demand from the Land and Development Office (L&DO) for the past 25 years related to six acres of land leased to ITC in 1975 for its luxury hotel, ITC Maurya. The court also stayed two recent demand notices and issued a notice to the L&DO.
CapitaLand Investment, a Singapore-based global institutional investor, plans to more than double its funds under management in India by 2028 from S$7.4 billion. The company aims to diversify into real estate private credit and renewable energy, while also expanding its data centre market presence with new developments in major Indian cities.
Assam government stated after detailed consideration, Cabinet has accorded approval to implement 57 out of the 67 recommendations made by the Commission. For the remaining 10 recommendations, in-depth discussions will be held with the Government of India.
According to a new Democracy Institute survey, Donald Trump leads Kamala Harris in ten crucial battleground states by five percentage points.
Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola.
Banks in India are offering higher interest rates on deposits to attract savers, with more than two-thirds of deposits earning 7% or above by June 2024. This shift is driven by the need to meet rising credit demand, which continues to outpace deposit growth.
Tiruppur's knitwear export hub has secured ₹450 crore in orders from global brands due to political unrest in Bangladesh. Orders include kids wear, nightwear, tops, and pyjamas. Noida Apparel Export Cluster also saw a 15% increase in orders from Zara. The situation highlights the need for an India-EU free trade agreement.
Rahul Gandhi, addressing rallies in Jammu and Kashmir, promised that the INDIA bloc will restore statehood to J&K if the BJP-led central government fails to do so. He criticized J&K LG Manoj Sinha for favoring outsiders over locals. Gandhi emphasized his personal connection to the region.
Several states in India are experiencing excessive rainfall and floods, while about 10.7% of the country faces severe drought-like conditions. These areas include Himachal Pradesh, Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, and Odisha. The erratic weather poses a threat to kharif crops due to either deficiency or excessive rainfall.
Large Indian conglomerates are strengthening their in-house legal teams with M&A specialists due to a surge in local and cross-border deals. Companies like Reliance Industries, Cipla, and Aditya Birla Group are hiring experienced lawyers to reduce reliance on external counsel and enhance transaction efficiency.
Undergraduate entrance exams in India, including JEE, NEET, CLAT, CA, and CUET, are essential for gaining admission into prestigious institutions, with about four million candidates taking these exams in 2023.
BJP's membership drive faced issues when party workers shared incorrect phone numbers, causing inconvenience to some citizens. A woman in Gurgaon received 10,000 calls in a day. The error has been fixed. Additionally, CM Siddaramaiah praised BJP's Aravind Bellad for his apology. Haryana's election coincides with the smog season.
BJP's national general secretary Ram Madhav has accused the National Conference and People's Democratic Party of relying on former militants for support in the upcoming assembly elections. Accompanying BJP candidate Aijaz Hussain, Madhav claimed that new leadership is emerging in J&K, which believes in peace and progress, unlike the traditional parties.
Prime Minister Narendra Modi, during his visit to Brunei, emphasized India's support for development over expansionism, indirectly addressing China's actions in the South China Sea. Modi and Sultan Haji Hassanal Bolkiah agreed on the importance of maritime safety, freedom of navigation, and peaceful dispute resolution under international law. They also discussed cooperation in fintech, cybersecurity, and energy sectors.
BJP has released its first list of 67 candidates for the Haryana assembly polls, including dynasts and JJP turncoats. Key changes include shifting CM Nayab Saini to Ladwa and fielding new candidates in Karnal. The elections are scheduled for October 5.
"The way in which China dumps steel into the country...the entire industry is facing (something similar to a) terrorist threat ... There have been industry representations over the China issue and other problems over the past two months," Kumaraswamy said. "I promise to try to convince the finance minister and prime minister to increase the import duty from 7.5% to 10-12%."
India's engagement with Singapore has grown significantly, driven by the 'Act East Policy.' Key areas of collaboration include infrastructure, sustainability, artificial intelligence, skill development, and advanced manufacturing. These partnerships aim to enhance economic cooperation and foster mutual growth between the two nations.
The Supreme Court criticized Uttarakhand CM Pushkar Dhami for appointing Rahul, an officer previously removed for illegal tree cutting, as director of Rajaji Tiger Reserve. The court emphasized the importance of public trust and demanded a detailed explanation from the state government. The controversial appointment has since been withdrawn.
Sharad Pawar has reiterated that the Maha Vikas Aghadi will not announce a chief ministerial candidate before the Maharashtra assembly elections. The decision on the CM will be made after the polls based on seat distribution among NCPSP, Shiv Sena, and Congress. Congress supports this stance, despite Uddhav Thackeray's insistence on having a CM face.
Legal expenses for India's top 500 companies rose by 17% in the last fiscal year, driven by international deal activities, dispute resolution costs, and increased compliance. The Nifty 500 companies spent ₹52,568 crore on legal fees. The top spenders included Reliance Industries and Sun Pharmaceutical Industries.
India's new-age test prep educators have become mini-celebrities among students, leveraging technology to reach a massive audience. These educators, known for their effective teaching methods and solid results, have transformed the fragmented test-prep market, catering to various exams and helping students achieve their goals from the comfort of their homes.
The Supreme Court has reserved its judgement on whether an accused under the Prevention of Money Laundering Act is entitled to documents seized by the Enforcement Directorate but not relied upon before trial. The court questioned if withholding such documents violates the accused's rights under Article 21 of the Constitution.
India's services sector activity reached a five-month high in August, driven by increased business activity and new work, despite a slowdown in employment growth. The HSBC India Services Business Activity Index rose to 60.9 from 60.3 in July. However, the outlook for the private sector has moderated due to competitive pressures.
Reale, a restaurant housed in a 16th-century monastery in Castel di Sangro, is known for its minimalist cuisine crafted by renowned chef Niko Romito. The dishes, like 'Carrot' and 'Cauliflower', reflect a deep technical research into the essence of ingredients. The service is warm and personable, enhancing the dining experience.
