CHENNAI: Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, research and development, local sourcing and future mobility technologies, positioning the country as a key production and export hub.The investment was announced following a meeting between Hyundai Motor Group executive chair Euisun Chung and Prime Minister Narendra Modi…
MUMBAI: Sir Dorabji Tata Trust (SDTT) chairman Noel Tata and his son Neville Tata, who is also a trustee, have filed caveats in the Bombay High Court and the city civil court in response to complaints lodged by fellow trustees Venu Srinivasan and Vijay Singh before the Maharashtra charity commissioner. The complaints relate to the…
NEW DELHI: Tata Sons chairman N Chandrasekaran Tuesday said investments in semiconductors and electronics are important for India, businesses and the future, although they may not generate the numbers in two or three years.At a time when the salt-to-software conglomerate’s investments in some of these businesses have come under scrutiny, Chandra compared the foray into…
NEW DELHI: ReNew has secured a $100 million (nearly Rs 955 crore) financing facility from FMO, a Dutch entrepreneurial development bank, it said on Tuesday. Extended to ReNew Solar Power under the voluntary retention route, the 10-year facility will support renewable energy projects under construction across the ReNew group, it added. Source link
NEW DELHI: Govt is all set to roll out BS-VII emission standards, aligned with Euro 7 norms, in phases, starting April 2029. The new norms will set stricter limits on harmful pollutants, including nitrogen oxides, hydrocarbons and particulate matter amid heightened pollution risks across Indian cities.BS-VII will start with new cars and SUVs manufactured from…
NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman Tuesday said the govt was open and keen to “hear” discussions around the long-term capital gains (LTCG) tax as it was “healthy” to have the debate.The minister, however, declined to be specific on the matter as preparations for the Union Budget in Feb are already underway.The FM’s comments raised…
CHENNAI: Zoho has paused hikes for its employees and is cutting down marketing spend due to inflation, rising AI-related expenses and challenging geopolitical and market conditions, said the company’s founder and chief scientist, Sridhar Vembu. In a post on X on Tuesday, he wrote that AI usage has driven up costs significantly amid a challenging…
MUMBAI: Consumer durable loans, such as those for buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion Cibil.First-time borrowers accounted for 39% of two-wheeler…
MUMBAI: Amid pushback from industry, National Payments Corporation of India (NPCI) has deferred the rollout of merchant discount rate (MDR) on select UPI transactions until after Diwali. In a statement on Tuesday, NPCI said that a new date of implementation will be notified separately. The merchant fee was earlier supposed to come into effect from…
NEW DELHI: The International Monetary Fund (IMF) has upgraded India’s growth forecast for the current year to 7%, from 6.4%, making it the fastest-growing major economy.The agency joins others – including the World Bank, ADB, S&P and Moody’s – in upgrading its projections after official data estimated first-quarter growth at 7.8%. Most global agencies have…
