India’s EV Industry Breaks Free From China’s Rare Earth Grip India no longer needs to rely on China for critical EV components — and neither does the world. Thanks to the long-term vision of the #MakeInIndia initiative, change is finally taking root. Globally, one phrase has dominated EV discussions: Rare…
Category: Business and Economy
Business, Economy related news and articles
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Morbi: How a Small Town in Gujarat Became India’s Industrial Powerhouse
Morbi is a small town in Gujarat that most people in India have never heard of. It covers less than 1% of India’s land. But when it comes to making certain products, Morbi is a giant. This tiny town makes more than 90% of all the wall and floor tiles…
Business and Economy
Adani Group Sets Milestone with ₹5 Lakh Crore Asset Base and Strong Growth
The Adani Group has showcased impressive financial performance, despite facing external challenges. According to their latest H1 FY25 and Trailing-Twelve-Month (TTM) results, the group continues to see robust growth across key financial indicators. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged 17% YoY to reach USD 10 billion, marking…
Business and Economy
Swiggy Takes the Spotlight as Shark Tank Season 4 Sponsor, Leaves Out Zomato’s Deepinder Goyal
Swiggy, the food and grocery delivery platform, is nearing a deal to sponsor the fourth season of Shark Tank India for a hefty sum of ₹25 crores. Sources familiar with the development indicate that Swiggy has included a key stipulation in the agreement: Zomato founder and CEO Deepinder Goyal will…
Business and Economy
Delhi CM Atishi Greenlights New Incentive Scheme to Scrap Old Vehicles, Boost Eco-Friendly Mobility
The Delhi government has announced a new initiative offering tax rebates of 10-20 percent for buyers of new vehicles who scrap their old ones. As per a statement issued on October 2, Chief Minister Atishi has approved this incentive scheme, which will be officially notified soon. The government aims to…
Business and Economy
BharatPe Reaches Settlement with Ashneer Grover: Co-Founder Exits as Shareholder in Fintech Firm
Fintech company BharatPe has successfully resolved its legal dispute with co-founder Ashneer Grover, bringing an end to a contentious battle that lasted over two years. This settlement marks a significant moment in the Indian startup landscape, raising questions about corporate governance in well-funded companies. In a statement released on Monday,…
Business and Economy
India Retains Rs 6.61 Lakh Crore Borrowing Target for 2024-25: Here’s What You Need to Know
The Central Government has maintained its borrowing target for the current financial year and is set to raise Rs 6.61 lakh crore through the auction of dated securities during the October-March period of 2024-25. This move is part of efforts to bridge the revenue gap and support economic growth. According…