The government has appointed Dr. Poonam Gupta, the Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year term. This marks a significant milestone as Dr. Gupta becomes the first woman economist to hold this prestigious position. Dr. Gupta’s appointment…
The Indian Commerce Ministry is actively formulating a range of contingency plans to mitigate the potential economic fallout from possible US tariffs, according to sources within the government. This proactive approach underscores the government’s commitment to safeguarding Indian trade interests in the face of evolving global trade dynamics. The ministry is reportedly analyzing various scenarios,…
Toyota Motor Corporation reported a 9.5% rise in global group sales in February 2025, including its Daihatsu and Hino subsidiaries, with sales rising 52% in Japan to 177,968 units, while overseas sales increased less than 2% to 647,249 units.Sales in Japan last year were hit by widespread production halts due to a safety test-rigging scandal…
Foreign portfolio investors (FPIs) showed signs of returning to Indian equities, as sharp outflows, witnessed early in the year, were followed by renewed buying interest in March. Despite heavy selling in January and February, FPIs turned buyers towards the end of March, helping the benchmark Nifty recover by nearly 6 per cent in this month….
Renault’s decision to buy out Nissan’s stake in their Indian joint venture marks a significant shift in their partnership dynamics. This move is likely aimed at streamlining operations and gaining full control over the venture’s strategic direction in India. By acquiring Nissan’s stake, Renault can independently focus on its growth plans, product development, and market…
Nissan Motor India has announced the addition of two new models to its product portfolio—a 7-seater B-MPV and a 5-seater C-SUV—set to launch in FY25 and early FY26, respectively. This expansion aligns with Nissan’s strategy to strengthen its presence in high-growth automotive segments in India. The all-new 7-seater B-MPV, designed with a bold C-shaped grille…
The Indian government has announced the reintroduction of a 10% import duty on chickpeas (chana), set to take effect from April 1st, 2025. This decision reverses the previous duty-free import policy that was implemented to stabilize domestic prices and increase availability. The move comes as India anticipates a stronger domestic chickpea harvest this year. The…
India’s quick commerce sector experienced remarkable growth in 2024, accounting for over two-thirds of all e-grocery orders and achieving a market share of $6-7 billion, a significant increase from $1.6 billion in 2022. This sector, led by platforms like Blinkit, Zepto, and Swiggy Instamart, also contributed to a tenth of the total e-retail spending in…
Bharti Airtel has made a substantial move to strengthen its financial position by prepaying Rs 5,985 crore to the Department of Telecommunications (DoT), effectively clearing high-cost spectrum dues stemming from the 2024 auctions. This strategic financial maneuver is aimed at reducing the company’s debt burden and lowering its interest expenses. Airtel’s action underscores its commitment…
HMD Global, the company that has been launching smartphones under its Nokia brand for some years, has finally brought the much-awaited Barbie phone to India. Announced last year in partnership with Hotwheels maker Mattel, the Barbie phone is a pink coloured retro flip phone with a 2.8-inch QVGA inner screen and a 1.77-inch external display,…
