India Financial News

Skoda is looking to get into the high volume segment in the Indian market as it gears up to drive in all-new compact SUV Kylaq in India, according to a senior company official. The company, which currently sells four models in India, plans to drive in the sub-4 meter model early next year to compete with the likes of Maruti Suzuki Brezza, Hyundai Venue and Kia Sonet. Skoda has invested around 250 million Euro on the Kylaq project enabling a 30 per cent increase at its Chakan (near Pune) based manufacturing plant. The sub-4 meter vehicle segment has witnessed robust growth in recent years and currently accounts for nearly 30 per cent of the overall passenger vehicle sales annually.

Baba Siddique has reignited focus on the notorious Bishnoi gang and its leader, Lawrence Bishnoi. Siddique, a 66-year-old Nationalist Congress Party (NCP) leader and former minister, was gunned down outside his son's office in Bandra East, Mumbai, on Saturday night. The attackers, who fired multiple rounds at him, claimed to belong to the Bishnoi gang, whose leader remains incarcerated in Gujarat's Sabarmati Jail.

rare genetic condition called nemaline myopathy, which affects his foster daughters. Speaking at the 9th Annual National Consultation on 'Protecting the Rights of Children Living with Disability and Intersectionality of Disabilities,' Chandrachud shed light on the emotional and practical difficulties families endure when dealing with this condition, as per a report from TOI. «Our children have been born with a condition called nemaline myopathy. There is a lack of knowledge about myopathy among doctors, caregivers, and parents. Many families live in self-denial, believing nothing is wrong, and testing facilities for this condition were scarce even in major institutes in India,» he shared during the event.

Ola Electric on Tuesday issued a clarification about the regulatory scrutiny into the pricing of its most affordable scooter. «We have not changed the price of Ola S1 X 2 KWh. We are running a very limited time festive campaign for a brief period where we are giving a general discount of Rs 5,000 to every customer and higher discount of Rs 25,000 to only a few customers and that too only with very limited inventories,» the company said in a filing to the exchanges. The Automotive Research Association of India (ARAI) had raised concerns about Ola Electric’s failure to inform the agency of a price reduction for its S1 X 2 kilowatt-hour model before initiating its high-profile “BOSS” sale.

counter-terrorist drills at various airports, official sources said. The threats via microblogging platform X came a day after three international flights originating from Mumbai received bomb threats, causing trouble to hundreds of passengers and airline crew. The messages posted on Monday were declared a hoax. Two more flights received similar threats on Tuesday but a confirmation was awaited. The sources said an X handle issued threats on Tuesday to five flights — an Air India Express flight from Jaipur to Bengaluru via Ayodhya (IX765), a SpiceJet flight from Darbhanga to Mumbai (SG116), an Akasa Air flight from Bagdogra to Bengaluru (QP 1373), an Air India flight from Delhi to Chicago (AI 127) and an Indigo flight from Dammam (Saudi Arabia) to Lucknow (6E 98).

Boeing India President Salil Gupte shared these insights during a symposium organized by the India Foundation for Quality Management. He emphasized the necessity for Indian companies to enhance their position within the global supply chain and to seize the emerging opportunities presented by quality improvements in manufacturing.

India and Canada has caused significant uncertainty for visa applicants, particularly students and families with ties to both countries. Amid the strained relationship, India expelled six Canadian diplomats and announced the withdrawal of its High Commissioner, following Canada's withdrawal of over two-thirds of its diplomats. The fallout may impact visa processes further, affecting students, families, and businesses alike. As tensions rise, the strained diplomatic ties could hinder direct air connectivity and lead to fewer visa approvals.

The effective import duty on fresh, soft and hard dates is between 20-30% but under the CEPA, their imports are duty-free. New Delhi imposes 200% duty on direct imports of all products from Pakistan since 2019. “Industry has flagged concerns that dates are coming from Pakistan via the UAE and undue benefiting from our trade pact,” said an official, adding that the ministries of commerce and industry, and finance are examining the issue.

IndiGo Ventures, the corporate venture capital fund of India’s largest carrier IndiGo, said it is expected to begin investments by the end of FY 2024-25. The fund will focus on startups that have the potential to reshape the future of aviation and related sectors, offering pre-Series A, Series A, and Series B funding. It will target startups working on innovative technologies in aviation as well as consumer-focused ventures in areas like travel, lifestyle, hospitality, and transportation, the company said in a statement Tuesday. IndiGo has launched the website GoIndiGoVentures.com, which provides information on the fund’s investment strategy, value proposition for founders, and details about the governing entities.

Supreme Court has sought a response from the government and the Central Board of Direct Taxes on vaccine maker Serum Institute of India's appeal challenging a 2015 amendment to the Income Tax Act that made subsidy, grant, waivers, concessions or reimbursements by Centre or states or incentives in cash or kind taxable. The amendment had inserted sub-clause (xviii) to Section 2(24), which defines taxable “income”. A Bench led by Chief Justice D.Y. Chandrachud on Monday issued notice to the government and asked it respond in four weeks.

covert operations on Canadian soil. The accusations center on the alleged involvement of Indian agents in the killing of Sikh separatist Hardeep Singh Nijjar, who was shot dead in British Columbia in June last year. Canadian authorities have now claimed that Indian agents are working in collaboration with criminal gangs, including the Bishnoi gang, to carry out covert operations targeting South Asian Canadians. Canadian Prime Minister Justin Trudeau reiterated his government’s stance at a press conference, saying, “Canada will never tolerate the involvement of a foreign government in threatening and killing Canadian citizens on Canadian soil.” He emphasized that the findings of the Royal Canadian Mounted Police (RCMP) provided “clear and compelling evidence” that agents of the Indian government are engaged in activities that pose a significant threat to public safety. Trudeau detailed the evidence, stating, “This includes clandestine information gathering techniques, coercive behavior targeting South Asian Canadians, and involvement in over a dozen threatening and violent acts, including murder. This is unacceptable.”

Manyata Tech Park, one of the largest tech hubs in India, experienced significant flooding on October 15 due to relentless rainfall that began early Tuesday morning. The heavy downpour left roads within the 300-acre tech park submerged, causing substantial disruptions for the tech workforce. Videos shared on social media captured the extent of the flooding, showcasing waterlogged streets that rendered access difficult. The North Bangalore Post, an X handle, reported, “The roads in Manyata Tech Park on the ORR Bengaluru are under water. With rains continuing without a break from 3 AM, expect more flooding in and around this area.” The sight of “lakes and waterfalls” forming within the tech park was also noted by users, highlighting the severity of the situation. Traffic congestion has become a pressing issue, particularly at the Hebbal flyover, where gridlock is anticipated to worsen during the evening rush hour. To avoid being stranded, weather bloggers like Bengaluru Weatherman advised office-goers to leave work early. They tweeted, “With more rain in store for the coming 2-3 hours, it's better to leave the office whenever you get a chance.”

trade ties with the country immediately, a government source said on Tuesday. Canadian funds are also not expected to change their stance on India, the source added. Relations between India and Canada plummeted on Monday after Ottawa linked India's high commissioner and other diplomats to the murder of Sikh leader Hardeep Singh Nijjar on its soil and accused New Delhi of a broader effort to target Indian dissidents in Canada.

total accounts banned, 1,661,000 were flagged and banned before any user complaints were filed. This early detection was made possible through automated systems designed to monitor suspicious behaviour patterns, such as bulk messaging, a common precursor to scams or misuse of the platform.The August report also highlights that 10,707 user complaints were received via WhatsApp’s grievance mechanisms.

Smart TVs under ₹30,000 for the budget shoppersAlso read: Amazon Great Indian Festival Sale 2024: Bumper Deals on Samsung TVs more than 60% off!Smart TVs under ₹40,000 strike a balance between affordability and enhanced features. In this range, you’ll typically find models around 40-43 inches, but the lucky ones can also get a deal on 50-inch TVs, offering better screen resolution, often Full HD or 4K, for a more immersive viewing experience.

Amazon Great Indian Festival 2024: Be Diwali ready and score up to 70% off on the best home decorFinding the best mattress is essential for a good night's sleep, and the Amazon Sale brings you incredible deals on top-quality mattresses. Whether you prefer memory foam, spring, or hybrid options, there are plenty of choices to match your comfort and support needs. Explore leading brands offering durable mattresses with advanced features like pressure relief and temperature regulation.

Subscribe to enjoy similar stories. Indian homebuyers seem to be following Shah Rukh Khan’s advice like never before. The Bollywood star once told fellow actor Rajkumar Rao, “Beta kabhi bhi ghar lega na, toh aukaat se thoda zyaada lena, kyunki phir na, upar wala bhi dekhta hai aur tu khud bhi zyada mehnat karega.

The rupee closed at 84.0375 to the U.S. dollar against its close at 84.06 in the previous session. The currency had slipped to an all-time low of 84.0750 on Monday.

This election follows the end of the current term of the 288-member Maharashtra Legislative Assembly and is expected to be a fiercely contested battle between two major coalitions: the Maha Vikas Aghadi (MVA), which includes Uddhav Thackeray’s Shiv Sena (UBT), NCP (Sharad Pawar), and Congress, and the Maha Yuti Alliance, formed by the BJP, Shiv Sena (Eknath Shinde), and NCP (Ajit Pawar). As the election date approaches, the model code of conduct has come into effect, following the announcement by the Election Commission of India. The current assembly’s term concludes on January 5, 2025.

Jharkhand assembly elections will be held in two phase on November 13 and 20, and the results will be out on November 23, the Election Commission of India announced on October 15. With the announcement of the poll dates, the model code of conduct immediately came into effect in the state. The term of the current assembly will end on January 5, 2025. The Jharkhand assembly has 81 seats (44 General, 9 SC, 28 ST). There are a total of 24 districts in the state. As per latest numbers, the state has 2.6 crore registered voters, of which 1.29 crore are women, 1.31 crore are men, 66.84 lakh young voters, and 11.84 lakh first-time voters.

Tata Group will create 500,000 jobs in the next five years on back of massive investments in facilities for manufacturing semi-conductors, batteries, electric vehicles, among others, Tata Sons Chairman N Chandrasekaran said. Chandrasekaran, who was speaking at the Indian Foundation of Quality Management (IFQM) Symposium in Delhi Tuesday said with a million people joining the workforce every month India has the potential to become the human resource capital of the world. However, there is a need to create processes for ensuring quality in product manufacturing, people and the ecosystem. Chandrasekaran said it is now India’s moment to make a mark on the world stage. The momentum in the economy, rising per capita levels, and growing demand for products and services will all propel the country forward. «We will be a significant player in the manufacturing requirements of the world,» Chandrasekaran held.