India Financial News

Tata Motors is set to advance the annual maintenance shutdown of its passenger vehicle plants due to mounting stockpiles-equivalent to up to two months of sales-amid slowing sales across its petrol, CNG and electric cars, multiple people aware of the company's plans said. This is to align production with demand and correct the stock before the calendar year ends, they said. Typically, auto companies take annual maintenance shutdowns in December to correct stock levels of the ongoing calendar year and make way for the new calendar year models. Tata Motors would be the first passenger vehicle maker to pare output amid slowing sales this year, people cited above said. Other automakers are likely to take a call on paring their output post the festive season, they added. After a scorching pace of growth for three years, passenger vehicle sales in India hit the slow lane this year. Sales are estimated to have declined in September over the year-ago period, marking a third consecutive month of decline.

Tata Sons, the owner of Air India, has urged the carrier's management to proceed cautiously with the airline's ongoing merger with Vistara to avoid alienating the latter's loyal customer base. The merger is due to take effect November 12. The seamless integration of both the brands and continuity of Vistara's service standards for all its consumers unaware of the integration of the Tata Group's aviation business was a key point during an Air India meeting last Thursday. «There is this huge quality expectation from consumers after the Tatas acquired Air India. Vistara was always seen as offering superior brand experience to Air India and after the merger, Vistara consumers should not feel dissatisfied ,» said an official close to the matter. «Vistara employees have also been edgy about merging into the Air India system. Hence, there is this anxiousness that it should be a seamless merger that has no impact on the ground for consumers.»

economic policy framework for the next generation of reforms. That is a sensible move. India has compelling reasons to move away from a textbook framework of open economy macroeconomics. It strives for strategic autonomy in a geopolitically riven world, in which one superpower sits astride the northern border, has built supercharged industrial muscle that can smother Indian industry, and casts a covetous eye on Indian territory. India can find ready support, vis-a-vis China, in the US. However, if the US finds that India is reliant solely on American support, it would have it where China has Pakistan — by the scruff of the neck. India would have to give up all dreams of strategic autonomy.

artificial intelligence (AI) and technological advancements, American economist Lawrence H Summers said while cautioning against leaving technology unchecked. Speaking at the diamond jubilee event of the Delhi School of Economics, Summers highlighted how technological changes are poised to dominate economic history in the coming decades. «There's a chance we may be headed for another kind of transformative change with the spread of artificial general intelligence,» Summers said, describing AI as «the first technology that is, in a profound sense, self-improving». Unlike previous innovations like electricity or fire, which required human input for improvements, AI has potential to enhance itself and lead to exponential advancements, he observed.

Ajit Doval and French armed forces minister Sebastien Lecornu held wide-ranging talks in Paris and focused on enhancing defence ties, including a deal for Rafale Marines and submarines. Sources told ET that Doval and his French interlocutors discussed advancing defence industry partnership, with focus on Make in India besides civil nuclear ties. «On his visit to France, India's National Security Adviser, Shri Ajit Doval, engaged in extensive discussions with French armed forces minister, Mr Sebastien Lecornu,» the Indian embassy in France said in a post on X on Tuesday.

Narendra Modi and Benjamin Netanyahu on Monday. Peace isn't just the right choice but the smart one for Israel — and Netanyahu. Hamas will have to release all remaining hostages and bodies of those who died in captivity.

India has made a significant shift from a governor-centric decision-making model to a more collaborative approach via MPC, mirroring global trends since the late 1990s. Based on Urjit Patel committee's recommendation, MPC was formed in 2016. It has three internal members from RBI and three external members from academia. This collegial structure, while intended to foster balanced decision-making, has revealed an interesting dynamic: discord among committee members. As seen, external MPC members often vary from the majority's stand on policy rates, raising questions about the efficacy of this governance model. Studies in policy communications of central banks, however, have often emphasised the need to preserve and nurture an environment conducive to such frictions in a committee-based deliberative decision-making framework.

Capitalism has yielded significant benefits over the last century. It has driven economies and businesses towards high growth powered by competition, productivity and innovation. This growth has been accompanied by unprecedented job creation, growth in per-capita incomes and standard of living, urban infrastructure and development, free trade, and the creation of market-driven economy.

Digi Yatra Foundation CEO Suresh Khadakbhavi said on Tuesday. “We are planning an international pilot project in June 2025 between two countries. We don't want to overcommit. However, we are working in this direction.” Digi Yatra Foundation CEO Suresh Khadakbhavi said on the side lines of the CAPA Digital Aviation Summit. Currently, the Digi Yatra facility is available for domestic passengers at 24 airports across the country. “We will also work with the Bureau of Immigration and visa-issuing agencies for enabling this service for international visitors flying in and out of India,” he said.

Ram Bilas Sharma may be the epitome of the loyal party soldier. But in today's day and age, the ex-Haryana BJP chief is what we in the business call a 'done-overed'.

NTPC Ltd generated 219.94 billion units in the first half of FY25, at a growth of 3.91% compared to the corresponding period of previous year. The state-owned power generator’s coal stations recorded a plant load factor of 76.3% during Apr-Sep. NTPC is India's largest integrated power utility, contributing a fourth of the power requirement of the country. The company’s mining division produced over 19 million tonnes of coal in the first half of the financial year registering an on-year growth of 20% and has dispatched 19.7 million tonnes of coal to NTPC’s power stations with a growth of around 16% compared to last financial year.

e-commerce companies Flipkart and Amazon as they are engaging in predatory pricing and are burning cash to offer heavy discounts on products, traders' body CAIT and mainline mobile retailers' association AIMRA said on Tuesday. These practices, in turn, are creating a grey market of mobile phones, causing losses to the exchequer «as players in the grey market evade taxes», they said. Confederation of All India Traders (CAIT), in collaboration with the All India Mobile Retailers' Association (AIMRA), placed the demands in a white paper on the impact of e-commerce giants Amazon and Flipkart on India's retail ecosystem. AIMRA demanded suspension of operations of Chinese mobile phone companies OnePlus, iQOO, and Poco for allegedly colluding with e-commerce players.

The minister was asked about India's role in dealing with Russia and Ukraine. «Our public position is that we do not believe that differences or disputes between countries can be settled by war. A second public position is we do not believe that we are actually from the battlefield going to get a decisive outcome. Three is if you're not going to get a decisive outcome, at some point, in some form, there has to be a negotiation.

He made these remarks at an event hosted by Carnegie Endowment in the US. India and China have been engaged in a territorial face-off since 2020 after the Chinese Army transgressed into multiple areas from the Galwan valley to the Finger area along the Pangong lake. Speaking about ties between India and China, he said, «In terms of our own relationship with China, I think it's a long story, but the short version is that we have agreements on how to keep the border peaceful and tranquil, and those agreements were violated by China in 2020. And some of the...because we have forward deployments of our militaries, there are resultant tensions. And until those forward deployments are addressed the tensions would continue. If the tensions continue, it casts a natural shadow over the rest of the relationship. So our relationship hasn't been built for the last four years.»

Piyush Goyal discussed the potential investment opportunities in India’s electronics manufacturing, data infrastructure and logistics sectors and new areas of collaboration particularly in advanced manufacturing, pharmaceuticals, robotics, artificial intelligence, and sustainable technologies with American companies during his ongoing visit to the US, commerce and industry ministry said in a statement Tuesday. “He invited American companies to leverage India’s unmatched scale and take advantage of the Make in India initiative, particularly in high-tech manufacturing and quality production,” the ministry said. During his meeting with Blackstone, Goyal said that the company has already invested about $50 billion in India and is one of the largest commercial and real estate investors in the country.

Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting with the Finance Commission, Sebi whole-time member Ashwani Bhatia said.

Comptroller and Auditor General of India (CAG) Girish Chandra Murmu on Tuesday called for further bolstering local bodies, arguing that all-round development at the grass-root levels is a prerequisite for turning India into a developed India by 2047. “More than 50% people live in rural areas, and until their governance, their development, their administration, their resources are not augmented, we will not be able to reach (Viksit Bharat goal),” Murmu said. Murmu inaugurated the ICAI’s local governance synergy conclave here, aimed at strengthening government accounting at the municipal levels.

insolvency law, NCLT President Chief Justice (Retd) Ramalingam Sudhakar on Tuesday stressed on the need for more manpower even as he said despite the limitations, it will show success. The National Company Law Tribunal (NCLT) is a key institution in implementing the Insolvency and Bankruptcy Code (IBC). According to Sudhakar, banks and other financial institutions file petitions containing 20-30 volumes of documents, and there are also innumerable agreements. "… the interpretation of these documents is a legal argument… please don't imagine that NCLT can do some magic by saying admit debt and default… we can't," he said in the context of delays in admitting cases under the IBC.

Bharti Airtel is combating the «growing menace» of cyber frauds with network intelligence and Al to analyse patterns and accurately identify spammers, CEO Gopal Vittal said as he asked customers to be vigilant on 'suspected spam' indicator, now available. The regulator TRAI and the industry have upped the ante to crack down on the spam menace, and the regulator's new missive on whitelisted (approved) URLs has also come into effect from October 1. An HDFC Bank spokesperson, in response to a specific query, told PTI that the bank is «compliant as of today» with norms, and does not expect any difficulties. Meanwhile, Vittal penned a note to subscribers promising that Airtel will continue to work on identifying verified scammers and permanently blocking them from its network.

Indian embassy in Israel on Tuesday issued advisory for all the nationals to remain alert and safe amid the prevailing situation in the Middle Eastern country. The authorities have urged Indian nationals to stay 'vigilant' and 'adhere' to necessary safety protocols. In the fresh attacks, Israel's military on late Monday began what it called «limited, localised and targeted raids» against Hezbollah in south Lebanon's border areas.

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