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By Nishant Verma , 28 May 2025
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Maruti Suzuki Launches Nationwide EV Training Program to Strengthen India’s Electric Mobility Ecosystem

Maruti Suzuki India has initiated a wide-ranging, future-focused training program aimed at equipping automotive technicians with the expertise to manage high-voltage electric and hybrid vehicle systems. Rolled out across 130 Industrial Training Institutes (ITIs) in 24 states and four Union Territories, this initiative is strategically designed to address a major bottleneck in electric vehicle (EV) adoption: consumer concerns around post-sale service. With an investment of Rs. 3.9 crore, the program will train over 4,100 students annually.

Tags

  • Automobiles
  • Technology Sector
By Gurminder Mangat , 28 May 2025
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Tata Consumer Charts Growth Amid Global Volatility, Eyes FMCG Leadership Through Innovation and Demographic Tailwinds

Tata Consumer Products Ltd. (TCPL) is strategically positioning itself for robust growth despite a turbulent global economic landscape. Chairman N. Chandrasekaran, in the company’s annual report, highlighted India’s resilience as a key growth market, citing stable macroeconomic indicators, structural reforms, and rising consumer demand. Emphasizing a shift toward premium, health-focused, and convenience-driven consumption, Chandrasekaran outlined TCPL’s omnichannel strategy and innovation-led portfolio transformation.

Tags

  • Business
  • FMCG Sector
By Kunal Shrivastav , 28 May 2025
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US Proposal to Tax Remittances Sparks Concerns Over Impact on Indian Economy and Rupee

A proposed 5% tax on remittances sent abroad by non-US citizens, introduced in the US House of Representatives, is causing alarm in India due to its potential to reduce vital foreign currency inflows. India, which received USD 120 billion in remittances during 2023-24 with nearly 28% from the US, could face a shortfall of up to USD 18 billion annually if the tax is enacted. Experts warn this could weaken the rupee by Rs 1 to Rs 1.5 per dollar and disrupt household consumption, particularly in states heavily reliant on remittances.

Tags

  • Economy
By Amrita Bhatia , 28 May 2025
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India Cementing Its Leadership in Electric Three-Wheelers Amid Accelerating EV Market Growth

India has solidified its position as the world’s largest electric three-wheeler market for the second consecutive year, with sales climbing nearly 20 percent to around 700,000 units in 2024, according to the International Energy Agency’s (IEA) Global EV Outlook 2025. Despite a global contraction in the three-wheeler segment, India and China dominate, jointly accounting for over 90 percent of sales.

Tags

  • Automobiles
  • Technology Sector
By Nitin Mohan Mishra , 28 May 2025
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Qlik Eyes 1,000-Strong Clientele in India Amid Rapid Expansion and AI-Driven Innovation

Qlik, a global leader in data analytics and artificial intelligence, is bullish on India’s burgeoning market, projecting its customer base to surpass 1,000 within the year. Having doubled its business in the past two years, Qlik boasts over 800 Indian clients, including marquee names like Indian Oil and NSE. With strategic investments in local data centers and advisory services, the company is cementing its commitment to the region.

Tags

  • Technology Sector
  • AI
By Shilpa Reddy , 28 May 2025
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Vedanta’s $20 Billion Expansion Draws Global Consulting Giants Amid Strategic Restructuring

Vedanta Ltd, one of India’s largest diversified natural resources conglomerates, is embarking on a massive USD 20-billion expansion drive across its core verticals: aluminium, oil and gas, power, and steel. The company has attracted keen interest from leading global consulting firms for advisory roles in these projects, which coincide with a major corporate demerger. Vedanta is set to finalize its consulting partner this quarter as it prepares to split into four independently listed entities.

Tags

  • Energy
By Gurminder Mangat , 28 May 2025
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Foreign Portfolio Investors Return to Indian Equities Amid Global Thaw and Domestic Resilience

Foreign portfolio investors (FPIs) have injected renewed vigor into Indian equity markets, infusing Rs. 18,620 crore in May 2025 alone—marking a continuation of positive momentum seen since mid-April. This sharp turnaround follows three consecutive months of outflows, indicating a reversal in sentiment driven by easing geopolitical tensions, improving global trade dynamics, and robust domestic fundamentals. With a backdrop of a temporary US-China tariff truce and a ceasefire between India and Pakistan, international investors have refocused attention on Indian large-cap equities.

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  • Stock Markets
  • Investment
By Gurminder Mangat , 28 May 2025
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BSNL Posts Back-to-Back Profits for the First Time in 18 Years, Signaling a Historic Turnaround

In a striking reversal of fortunes, Bharat Sanchar Nigam Limited (BSNL) has reported a net profit of Rs. 280 crore for the quarter ending March 31, 2025—its second consecutive profitable quarter after nearly two decades. This marks a significant recovery from a net loss of Rs. 849 crore in the same period last year. The turnaround has been driven by strategic leadership, disciplined cost controls, and accelerated rollout of 4G and 5G services. With operating revenue rising to Rs.

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  • Telecom
  • Business
By Gurminder Mangat , 28 May 2025
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OYO Resumes IPO Plans with Renewed Confidence, Eyes Rs 51,800 Crore Valuation

Global hospitality technology firm OYO has rekindled its initial public offering (IPO) ambitions, initiating early-stage discussions with investment banks for a potential listing in the final quarter of the current fiscal year. Sources close to the development suggest the company is targeting a valuation between USD 6 billion and USD 7 billion (approximately Rs 49,800 crore to Rs 58,100 crore). The move comes on the heels of a significant business turnaround, with OYO projecting a net profit of Rs 620 crore in FY25.

Tags

  • Hospitality Sector
  • IPO Watch
By Manbir Sandhu , 28 May 2025
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Rakesh Gangwal Offloads Rs 11,385 Crore Stake in IndiGo Amid Ongoing Shareholding Exit

In a significant divestment move, InterGlobe Aviation promoter Rakesh Gangwal and the Chinkerpoo Family Trust sold a 5.7% stake in IndiGo for approximately Rs 11,385 crore through a block deal. This transaction, part of Gangwal's long-term strategy to pare down his holdings after a fallout with co-founder Rahul Bhatia, was executed via leading investment banks across both BSE and NSE. The secondary sale follows a series of previous stake reductions and includes a 150-day lock-up clause with exceptions for strategic negotiations.

Tags

  • Aviation
  • Business

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