NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India’s heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck…
NEW DELHI: Smartphone exports rose 23.4% to $9.8 billion during the June quarter, with the segment accounting for nearly two-thirds of electronic shipments of about $15.2 billion during April-June.This was the highest-ever first-quarter smartphone exports by value and was driven by strong iPhone shipments to the US, reinforcing the country’s emergence as a key global…
BENGALURU: GenAI is poised to transform India’s labour market over the next decade, redefine job roles and accelerate the shift towards higher-value work, according to a new Goldman Sachs report.The report estimates that GenAI could automate 9-17% of tasks currently performed by India’s non-agricultural workforce. However 8-12% of jobs face a meaningful risk of substitution,…
MUMBAI: Gold loans are surging despite low growth in the number of borrowers as well as the quantity of gold that is pledged with lenders. Gold loans have grown over 50% in FY26 largely because of larger loans by existing borrowers and a shift from other personal loan products to secured gold loans.Gold loans accounted…
File photo: Union minister Nitin Gadkari NEW DELHI: Road transport minister Nitin Gadkari informed Rajya Sabha Wednesday BS-III vehicles, manufactured between 2005 and 2016, may require replacement of some rubber parts and gaskets when run on E20 petrol, while adding studies have found no major impact of the blended fuel on overall vehicle performance.In a…
The report cautioned that a sustained increase in global crude oil prices could once again put pressure on both the fiscal deficit and the current account balance. Amid the ongoing US-Iran conflict, the Finance Ministry in its monthly economic review has called for reinventing approach to dealing with the evolving global challenges. India will need…
The Trump administration has previously imposed trade measures on India while exempting China. (AP file photo) Is India going to face 100% tariffs for its continued imports of Russian crude oil? A latest move by the US Senate has sparked buzz on countries like China and India, which import Russian crude oil in huge quantities,…
Maharashtra has emerged as the largest contributor to states’ tax revenue in recent years since the implementation of the Goods and Services Tax (GST), supported by its high domestic consumption and large services sector, according to a report by India Ratings and Research (Ind-Ra).The rating agency said GST has strengthened state governments’ tax collections and…
India’s electronics manufacturing sector has seen a major expansion over the last decade, with mobile phone exports recording a 165-fold increase between 2014-15 and 2025-26, the government said in Parliament on Wednesday.Mobile phone exports, which stood at around Rs 1,500 crore in 2014-15, have now reached approximately Rs 2.59 lakh crore in 2025-26, according to…
India has comparatively fewer large listed companies directly exposed to the artificial intelligence infrastructure boom. Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Wednesday as IT sector stocks led the recovery. Sensex and Nifty each advanced over 1% even as crude oil prices jumped following escalating tensions between the US and…