India’s retail inflation jumps 5.49 pc over high base effect, weather conditions

New Delhi (IANS) India’s Consumer Price Index (CPI) inflation jumped 5.49 per cent in the month of September, up from 3.65 per cent in August, due to high base effect and weather conditions, the government said on Monday.  

The year-on-year…

Stock markets open in green, Sensex gains 300 points

Mumbai (IANS) The Indian stock market indices opened in green on Monday with Sensex trading at 81,690.83 after rising 309 points or 0.38 per cent at 9.18 a.m. At the same time, Nifty was trading at 25,062.9 after rising 98.70 points or 0.40 per cent. 

Centre directs Ola to let consumers choose preferred refund mode as complaints rise

New Delhi (IANS) The government on Sunday directed Bhavish Aggarwal-run Ola to implement a mechanism allowing consumers to choose their preferred method of refund, and to provide consumers with a bill or receipt or invoice for all auto rides booked…

Zypp Electric’s losses surge 2.2 times to Rs 91 crore in FY24

New Delhi (IANS) Tech-enabled electric vehicle (EV) company Zypp Electric saw its losses increase 2.2 times to Rs 91 crore in FY24, up from Rs 40 crore in the previous fiscal. 

The EV-as-a-service platform saw its EBITDA margin stood at 19.47…

PM Gati Shakti scheme cut logistics cost, enabled better service delivery: Piyush Goyal

New Delhi (IANS) The PM Gati Shakti initiative has heralded a paradigm shift in how India plans and implements big-ticket infrastructure projects, Union Commerce and Industry Minister Piyush Goyal said on Saturday. 

In his remarks on the occasion…

Hyundai Motor India to invest Rs 32,000 cr in India, predicts strong EV market growth

New Delhi (IANS) IPO-bound Hyundai Motor India Ltd (HMIL) has earmarked investments worth around Rs 32,000 crore for India till 2032, as the company predicts a strong and steady EV market growth till 2030. 

The company seeks to raise up to…

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

New Delhi (IANS) Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month. 

According to latest data from Datum…

India’s ship recycling industry expected to grow at 10 pc CAGR by 2028

Mumbai (IANS) The ship recycling industry in India is expected to grow at a compound annual growth rate (CAGR) of 10 per cent by 2028, according to a new report. 

India accounted for 33 per cent of the global gross tonnage (GT) dismantled in…

Noel Tata appointed Chairman of Tata Trusts

Mumbai (IANS) Noel Tata on Friday was unanimously appointed as Chairman of Tata Group's philanthropic arm Tata Trusts during a board meeting to discuss the group's succession plans after the demise of Ratan Naval Tata at age 86. 

The…

Air cargo volumes in India to see 11 pc growth in FY25, revenues to grow 14 pc

New Delhi (IANS) The overall air cargo volumes in India is projected to witness healthy growth of around 9-11 per cent (year-on-year) to around 3.6-3.7 million tonnes in FY25, according to a report on Thursday. 

This growth will be supported…