Maharashtra Transport Minister Pratap Sarnaik became Tesla India’s first customer, receiving a Model Y in Mumbai to promote electric mobility, particularly among the youth. Despite initial hype, Tesla has secured modest orders due to high import duties, limiting deliveries to…
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Indian stock indices closed slightly higher on Thursday. Early gains, driven by GST changes, faded as investors booked profits. Consumer goods and auto shares initially rose but later declined. The Nifty and Sensex saw marginal increases. Mahindra & Mahindra was…
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Coca-Cola’s global COO, Henrique Braun, addressed increasing competition in India, stating the company is prepared for short-term challenges while maintaining a long-term focus. He acknowledged a slowdown in growth momentum in key markets like India due to weather and macroeconomic…
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SBI’s research indicates that GST reforms, including rate reductions, will result in a minimal revenue loss of Rs 3,700 crore, contrasting with the government’s estimate of Rs 48,000 crore. The GST Council’s move to a two-tier structure is expected to…
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Foreign Institutional Investors (FIIs) have aggressively sold off Indian financial and IT stocks, withdrawing over Rs 60,000 crore in two months due to concerns about earnings recovery and global economic headwinds. This selloff extends beyond these sectors, impacting oil and…
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Digital payment and consumer lending startups anticipate a boost in transactions this festive season following the government’s GST cuts on key consumption items. The industry expects a 5-20% growth in transaction volumes, with sectors like automobiles and durables potentially seeing…
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