Union Minister Nitin Gadkari has set forth an ambitious plan to transition India towards a greener economy by eliminating petrol and diesel vehicles entirely. Gadkari, who serves as the Union Minister for Road Transport and Highways, expressed his determination to achieve this goal, emphasizing its importance for India’s future sustainability. Ambitious Goals Gadkari’s vision aims […]

Oil marketing companies have announced a significant increase in the prices of commercial Liquified Petroleum Gas (LPG) gas cylinders, effective from March 1. The rate of 19 kg commercial LPG gas cylinders has been raised by Rs 25.50, impacting consumers across various metro cities. This revision in prices comes amid ongoing fluctuations in fuel costs […]

In the latest episode of ‘Shark Tank India’ season 3, the indigenous footwear brand ‘Bacca Bucci’ failed to secure investments from the panel of investors. Natwar Agrawal and Anuj Nevatia, the co-founders of Bacca Bucci, presented their pitch seeking Rs 2.5 crores for one percent equity in their brand. Bacca Bucci positions itself as a […]

B2B SaaS fintech firm Perfios has achieved unicorn status in India for the year 2024, securing $80 million in a recent funding round led by Teachers’ Venture Growth (TVG), an investment arm of Ontario Teachers’ Pension Plan. With this latest investment, Perfios now boasts a valuation exceeding $1 billion, according to reports from TechCrunch. The […]

The Competition Commission of India (CCI) has been granted expanded jurisdiction to levy fines on companies for violations, based on their global turnover. The amended competition norms, notified by the government, empower the CCI to impose penalties considering a company’s global turnover, rather than solely focusing on turnover from specific business segments where violations occur. […]

Mercedes-Benz, the renowned German carmaker, foresees India emerging as its third-largest market within the ‘Region Overseas’ in the next 2-3 years. This projection is rooted in the sustained demand for luxury automobiles, as indicated by a senior executive of the company. The ‘Region Overseas’ encompasses 118 countries, excluding North America, Europe, and China, and India […]

The electric vehicle (EV) market in India witnessed remarkable growth in 2023, nearly doubling its sales compared to the previous year, despite a modest 10% increase in overall passenger vehicle sales. According to a report by Counterpoint Research, EV sales surged in 2023, constituting 2% of the total passenger vehicle sales. This surge can be […]

The electric vehicle (EV) revolution is rapidly reshaping the automotive industry worldwide. In both the United States and India, EV adoption rates are on the rise, driven by increasing consumer interest and a shift towards environmentally friendly transportation alternatives. Growing Presence of EVs in India Indian automakers, including Tata Motors and MG Motor, have made […]

The electric two-wheeler market in India continues its upward trajectory, reporting a significant year-on-year growth of 24% in February 2024. This growth follows a strong start to the year, with January 2024 witnessing a 26% increase in sales compared to the previous year. Industry Growth and Performance In February 2024, the electric two-wheeler industry recorded […]