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Business

ONDC Aims to Boost Food Delivery with Rs 100-150 Crore Subsidy Revival Plan - What You Need to Know

ONDC proposes a Rs 100–150 crore subsidy revival to support food delivery partners, challenging Zomato and Swiggy's dominance with lower commissions and direct customer data access...

Business

India's Bold Move: Rs 1,345 Crore Plan to Break China's Rare Earth Magnets Monopoly

India plans a Rs 1,345 crore scheme to develop domestic rare earth magnets production, reducing reliance on China. Key companies show interest in local manufacturing, aiming to sec...

Business

India on the Brink of Satellite Communication Revolution with Starlink, Jio-SES, and Eutelsat Approvals

India is set to launch commercial satellite communication services by December, with Starlink, Jio-SES, and Eutelsat OneWeb receiving final approvals. Delays in spectrum allotment ...

Business

Top Automakers Including Tata Motors Accelerate PLI Scheme Claims, Eyeing Over Rs 2000 Crore This Fiscal

Leading automakers including Tata Motors, Bajaj Auto, and Ola Electric are set to claim over Rs 2000 crore under the PLI scheme this fiscal, as per government estimates. The scheme...

Business

Tesla Accelerates Global Expansion with First Showroom in Mumbai Amidst Sales Challenges

Tesla is set to open its first showroom in Mumbai, India, on July 15, introducing Model Y SUVs amid global sales challenges. The move signifies Tesla's strategic entry into the Ind...

Business

Meta Infotech Shares Skyrocket with a 40% Premium on BSE SME Debut, Signaling Strong Market Confidence

Meta Infotech shares listed at a 39.75% premium on BSE SME, with the IPO oversubscribed by 166.94 times. The company reported a 44% revenue growth and 38% net profit increase in FY...

Business

Volkswagen Announces Strategic Closure of Nanjing Factory in China Amid Production Adjustments

Volkswagen Group and SAIC Motor Corp. Ltd. are planning to close their joint production in Nanjing, China, due to the plant's unfavorable location. Production will be partially rel...

Business

Panasonic Delays Kansas EV Battery Plant Expansion Amid Tesla Sales Challenges

Panasonic delays full production at its Kansas EV battery plant due to Tesla's sales struggles, postponing the 30 gigawatt-hours annual capacity target without setting a new timeli...