Investment through 2032 to cover Hyundai and Kia plants, R&D, local suppliers and new mobility businesses South Korean chaebol Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032, expanding manufacturing capacity at Hyundai Motor India Ltd and Kia India while strengthening research and development, local sourcing and future mobility businesses. The…
IRDAI has proposed changes to insurance commission structures, including caps for banks, brokers and agents across products. Insurance brokers have opposed the proposals, raising concerns over their impact on distributors, jobs and the wider insurance sector. Indian insurance brokers are opposing proposed reforms by the Insurance Regulatory and Development Authority of India (IRDAI) that…
High oil prices and weak monsoon, which will weigh on food prices, are likely to push up inflation, and in this backdrop, RBI may raise the repo rate by 25 bps each in October and December, feels D. K. Joshi, Chief Economist at Crisil Are you a home-loan borrower? Your interest rate may go up…
Despite robust GDP growth of 7.8%, India’s Nifty 50 index has plummeted 13% YTD, highlighting a stark divergence between economic strength and market performance. What explains it? Do the economy and markets go hand in hand? Mostly yes, but not always. There are times when the two can diverge, with the stock market moving in…
Gross direct tax collections grew 15.19% to ₹14.32 trillion a year earlier. Net corporate tax collections, after accounting for refunds, increased 19.48% New Delhi: Net direct tax collections rose 12.96% year-on-year to ₹12.12 trillion as of 17 September of fiscal year 2027, as per the income-tax department’s provisional data released on Friday. Gross direct tax…
Vedanta announced the demerger of its surplus real estate assets into a new entity, Vedanta Property Platforms Ltd (VPPL). Vedanta Ltd on Thursday reported a 71.84 per cent year-on-year (YoY) rise in consolidated net profit attributable to owners at Rs 5,473 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with Rs…
Output, new orders, exports and hiring lose momentum as softer demand and intense competition weigh on factory activity, though the sector remains in expansion territory India’s private sector manufacturing activity expanded at its slowest pace in three months in June as growth in international sales, purchasing activity, employment and output moderated, a private survey…
HCL Technologies share price has gained 12% in one month, but has risen only 1% in six months. The largecap IT stock has fallen 13% on a year-to-date (YTD) basis, and has declined 8% in one year. HCL Tech shares have jumped 51% in three years and 107% in five years. HCL Technologies share price…
The Indian rupee fell to a historic low of ₹92.67 against the US dollar on March 18, driven by rising crude oil prices and economic risks tied to tensions in the Middle East. The Indian rupee slipped on Monday, March 18 to breach ₹92.50 against US dollar for the first time ever extending its recent…
While immediate shortages are unlikely, rising crude prices and higher freight and insurance costs could impact India’s import bill and inflation India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption…