The Indian mobility industry is projected to surpass $600 billion by 2030, according to the Think Mobility report released by Google and Boston Consulting Group (BCG) at the Bharat Mobility Auto Expo.The report highlights India’s unique trajectory in the mobility sector, with traditional and emerging revenue streams shaping a departure from global trends.The report reveals […]
Rail solution provider Texmaco Rail & Engineering is looking to increase the share of revenue coming from the non-government sector in its overall wagon manufacturing business going forward. Presently, around 80 per cent revenue of the Kolkata-based company comes from its rolling stock division, while the remaining 20 per cent from projects and green […]
To usher in further reforms in the civil aviation sector, the Union Cabinet on Thursday approved the Protection and Enforcement of Interests in Aircraft Objects Bill, 2024. Accordingly, the Bill will lower the leasing and financing costs of aircraft for Indian carriers, thereby also reducing airfares. At present, the majority of commercial aircraft in India […]
India aims to boost its textile and garments industry in next month’s budget with financial support, tariff cuts on key inputs and incentives to produce locally, two government sources said. An ongoing political crisis in neighbouring Bangladesh has prompted global retailers to explore alternatives, including India, for garment imports, exporters told Reuters. “Indian exporters are […]
The India Energy Week (IEW), government’s annual flagship oil and gas sector conference, will witness top international agencies such as OPEC and the International Energy Agency (IEA) launch their oil and gas reports on the world’s third largest energy consumer. The development indicates India’s growing importance as an energy consumer. At IEW 2024, the International […]
Product Linked Incentives (PLIs) and subsidies are detrimental to long-term growth and development of the clean energy sector, Commerce & Industry Minister Piyush Goyal has said. “PLI schemes can only help kickstart the sector, but the clean energy sector must strive to become self-sustaining and independent of the government,” he said while unveiling the Bharat […]
The JM Financial coverage universe is poised to report a 5.8 per cent year-on-year (YoY) growth in profit after tax (PAT) for the third quarter of FY25, driven by robust performances in IT services and pharmaceuticals. The report stated, “This quarter will be impacted by furloughs; its impact will be similar to that last year. […]
The Industrial and warehousing sector reached an unprecedented high in 2024, with demand and supply both hitting new milestones. Absorption surged by 30 per cent year-on-year (YoY) to reach 64.5 million sq. ft., while fresh supply recorded a 15.8 per cent YoY growth, totalling 71.8 million sq. ft., according to Savills India, a leading global […]
The Indian real estate sector attracted equity investments of $11.4 billion last year, up 54% annually, mainly from developers and institutional investors. Mumbai and Delhi-NCR were the top destinations for investment inflows in 2024, each accounting for around 25% of the total, according to a report by CBRE on December 10. Indian real estate sector […]
The Union government has decided to revitalise the cooperative sector by expanding the scope of Primary Agricultural Cooperative Societies (PACS) as part of mitigating the impact of climate change in rural areas. Ashish Kumar Bhutani, Secretary of the Union Ministry of Cooperation, presented a compelling case for leveraging cooperatives as vital tools in building climate […]
