 "India’s Car Tax Clash: Electric vs. Hybrid in Green Revolution")
India plans to maintain a five percent tax on electric cars while keeping a high tax of 48 percent on hybrid vehicles for the foreseeable future, according to G20 Sherpa Amitabh Kant. Major car manufacturers like Maruti Suzuki and Toyota have called for lower taxes on hybrids, arguing that electric vehicles alone cannot reduce emissions ...
 "Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape")
RBI Deputy Governor Michael Patra addressed the CII Financing Summit, discussing trends in household savings and financial assets in India. He pointed out that net household savings as a percentage of GDP have decreased significantly, partly due to changes in spending behavior and a shift towards physical assets like housing. Despite this decline, household savings ...
 "India’s Billionaires Hit .19 Trillion Amidst Economic Challenges")
A recent report by Fortune India reveals that the collective wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion (about Rs 99.86 trillion). This marks a significant 50% increase from $832 billion in 2022, with the number of dollar billionaires in India rising to 185. Mukesh Ambani leads the rankings ...
 "Rs 700 Crore Revamp: Blackstone Transforms India’s Logistics Landscape")
Horizon Industrial Parks, managed by Blackstone Real Estate funds, is set to invest Rs 700 crore to upgrade 13 warehouses owned by the Central Warehousing Corporation (CWC) across India. This partnership aims to transform government-owned facilities into modern Grade-A spaces catering to sectors like e-commerce, retail, and logistics. The redevelopment will cover 2.4 million square ...
 "India’s Semiconductor Revolution: Kaynes Technology’s Mega Plant Sparks Innovation in Gujarat")
The Union Cabinet has approved Kaynes Technology’s new semiconductor facility in Sanand, Gujarat, marking India’s fifth under the Semiconductor Mission. With an investment of Rs 3,307 crore, this plant will produce 6.3 million chips daily and cover 46 acres. Union Minister Ashwini Vaishnaw highlighted that most chips will be used in power equipment for trains, ...
 "Revamping India’s Financial Landscape: A Call for Comprehensive Service Expansion")
Sanjiv Bajaj, President of the Confederation of Indian Industry, recently addressed the need for a wider distribution of financial services in India. During a CII event in Mumbai, he emphasized that banks are not well-suited for long-term project funding due to a mismatch between their assets and liabilities. Instead, he suggested that funding should come ...
 "Ethanol Revolution: India’s Journey Towards Energy Independence and Emission Reduction")
India’s ethanol blending initiative has significantly contributed to the economy, saving Rs 99,014 crore in foreign exchange since 2014, according to Union Petroleum Minister Hardeep Singh Puri. The government has achieved a 15 percent ethanol blending target and aims to reach 20 percent by 2025-26. This program has reduced crude imports by 173 lakh metric ...
 "Apple’s Strategic Alliance: A Bold Move to Conquer India’s Streaming Landscape")
Apple has partnered with Bharti Airtel, India’s second-largest telecom provider, to boost its presence in the Indian video and music streaming Market, where it currently has less than 1 million users. This collaboration will offer many of Airtel’s 281 million customers free access to Apple Music and Apple TV+, aiming to expand user adoption in ...
 "India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance")
In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...
 "Indraprastha Gas: Revolutionizing LNG and Biomethane for India’s Future")
Indraprastha Gas Limited (IGL), under the leadership of Managing Director Kamal Kishore Chatiwal, is making significant strides in the liquefied natural gas (LNG) sector. The state-run company plans to set up 100 LNG stations by FY30 and is focused on developing CNG to LNG conversion plants for challenging landscapes. In a recent interview, Chatiwal highlighted ...
