Indian social commerce platform Meesho has reportedly received an income tax notice demanding nearly Rs 1,500 crore from authorities, marking one of the most significant tax disputes involving a fast-growing startup in recent years. The notice is understood to relate to questions around tax liabilities tied to the company’s operational and financial structures. While Meesho is reviewing the order and may challenge it through legal channels, the development highlights increasing regulatory scrutiny on India’s digital commerce sector.

India’s electric vehicle (EV) market recorded a sharp rise in retail sales during February, highlighting the country’s accelerating shift toward sustainable transportation. Strong demand across multiple segments—including electric two-wheelers, passenger cars, and commercial vehicles—contributed to the growth. 

Mahindra & Mahindra reported strong vehicle sales for February, highlighting continued momentum in India’s fast-growing utility vehicle segment. Demand for popular models such as the Mahindra Scorpio-N, Mahindra Thar, and Mahindra XUV700 remained robust, supported by healthy rural consumption and improving supply chains. The company also recorded stable performance in its commercial vehicle segment and maintained steady export volumes.

Toyota Motor Corporation is strengthening its presence in India’s rapidly expanding sport utility vehicle market by introducing new models across multiple segments. The strategy reflects a broader shift in consumer preference toward SUVs that offer greater practicality, safety, and technology. Vehicles such as the Toyota Urban Cruiser Hyryder, Toyota Urban Cruiser Taisor, and the premium Toyota Fortuner illustrate the company’s diversified approach.

French automobile manufacturer Renault is preparing to expand its footprint in India with the planned introduction of the Renault Bridger in 2027. The upcoming SUV is expected to target the highly competitive mid-size utility vehicle segment, which has witnessed rapid growth as consumer preferences shift toward larger, feature-rich vehicles. Industry analysts believe the new model could help Renault refresh its product lineup and regain momentum in India’s dynamic automotive market.

Global equity markets have faced renewed turbulence as escalating geopolitical tensions in the Middle East triggered a sharp rise in crude oil prices, sparking concerns among investors about inflation, supply disruptions, and slowing economic growth. The surge in energy costs has unsettled financial markets worldwide, leading to declines in key stock indices as investors shift toward safer assets. Analysts say geopolitical instability in oil-producing regions can quickly influence commodity markets and investor sentiment.

On the occasion of International Women's Day, Indian billionaire industrialist Gautam Adani shared a personal reflection on the profound influence women have had on his life and career. The chairman of Adani Group highlighted the role of family members, colleagues, and women leaders in shaping his perspectives on leadership, resilience, and social responsibility. His remarks emphasized the importance of gender inclusion in business and society. The statement comes as corporations across India increasingly focus on diversity, workplace equality, and empowering women in leadership roles.

Air conditioner prices in India are likely to increase as manufacturers confront a combination of rising copper prices, currency depreciation, and stricter energy efficiency regulations. Industry leaders warn that escalating input costs and regulatory compliance requirements are placing pressure on production margins. Companies including Voltas, Blue Star, and LG Electronics are expected to review pricing strategies ahead of the peak summer demand season.

India’s equity markets witnessed a sharp correction during the latest trading week, resulting in a combined erosion of approximately Rs 2.81 lakh crore in the market capitalization of several leading companies. The decline reflects heightened volatility in global financial markets, cautious investor sentiment, and sector-specific pressures across banking, information technology, and energy stocks. Major corporate giants including Reliance Industries, Tata Consultancy Services, Infosys, and HDFC Bank experienced valuation declines.

Indian pharmaceutical major Cipla has initiated a recall of a cancer treatment drug in the United States after regulatory authorities identified manufacturing-related concerns. According to information released by the U.S. Food and Drug Administration, the recall was issued as part of routine quality surveillance designed to ensure the safety and efficacy of medicines distributed in the American market. While the recall does not necessarily indicate widespread harm to patients, it highlights the stringent compliance standards required for pharmaceutical companies operating globally.