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Subscribe to enjoy similar stories. MUMBAI : Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi-National Capital Region (NCR) and narrow operations to markets where it can create a niche as a ‘net zero’ developer. “We have exited two cities completely, Nagpur and Hyderabad, and we are holding back any investment in Delhi NCR right now," said Amit Kumar Sinha, managing director and chief executive at Mahindra Lifespace.

The economic and technological rivalry between the U.S. and China has come to the drone market, where Chinese-made flying devices are a dominant player in America

Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide

Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from reliance on fossil fuels

Subscribe to enjoy similar stories. India presently has more than a quarter trillion dollars of essential imports. These include crude oil, coal, edible unrefined oil, fertilizer, steel and copper.

If there’s one job in banking that might be considered immune to the business cycle, compliance would be it.  It’s the one true secular growth industry – year in, year out, there is more regulation to comply with, and therefore more need for people to check that compliance is happening.  And although it’s not considered one of the better paid specialisms, there is always the possibility of coming across some really bad misbehaviour and cashing in through one of the extremely lucrative whistleblower programs.

Sampat Bhansali, 41, is based in Bengaluru, where he owns a small apartment that he has rented out. He lives in a larger apartment with his family on the outskirts of the city, closer to his workplace.

Union Budget 2025, anticipation is building across sectors. Personal finance enthusiasts and taxpayers alike are curious about what the Budget proposals will mean for their pockets. For this week’s cover story, we reached out to industry experts, tax professionals and financial advisers to know what they want to see in the Finance Bill 2025. Some of these expectations, such as a separate deduction for life insurance, lower tax on annuities and higher tax exemption for senior citizens, are longstanding demands and are unlikely to be fulfilled. However, North Block may find some other suggestions worth considering. For instance, one expert has suggested that taxpayers be rewarded with a group life insurance linked to the taxes they pay. As little as 1% of the tax paid by an individual can go into paying the premium of a group insurance cover equal to five times the tax paid. Another expert has suggested steps that could make the NPS more attractive to investors. The ultra low-cost scheme has everything that one looks for in a pension plan, but it is still not the preferred investment vehicle for retirement planning. Perhaps more tax benefits are needed to push people towards a scheme that can help them retire in comfort.

Data centre capacity addition in the colocation space is expected to reach approximately 230 MW (IT load) by the end of 2024, with a similar or higher capacity addition anticipated in 2025, according to Cushman & Wakefield data. In 2025, while the majority of capacity creation will occur in Mumbai, other cities such as Delhi-NCR, Kolkata, and Chennai are also expected to see significant growth. India has the potential to become a global data centre hub due to its low construction, land and power costs compared to other countries, coupled with a well-established IT and digitally enabled services ecosystem. According to Cushman & Wakefield, the median cost of constructing a data centre in India is estimated at $6.8 million per MW of capacity, significantly lower than most APAC nations-Australia is at $9.17 million, Japan is at $12 million.

differential pricing quietly infiltrates the digital economy. The image going viral on social media-showcasing a prominent ride hailing service's fare disparity based on device type-is a stark reminder that the smartphone you use has become an indicator of how much you are charged. This practice, not limited to ride-hailing apps, extends to q-comm platforms, where the cost of groceries or delivery services can subtly shift based on perceived consumer affluence. It's an opaque-and arguably discriminatory-trend that demands scrutiny. At the heart of this issue is algorithmic pricing, a powerful tool in the arsenal of tech firms. These analyse consumer data-from purchasing history and location to device type and spending patterns. Ostensibly, the goal is to optimise pricing to maximise profits. But the process often veers into discriminatory territory. An iPhone signals a consumer's purchasing power, leading the algorithm to nudge prices higher under the assumption that such users are willing to pay more.

Subscribe to enjoy similar stories. The Uttar Pradesh government is working to unveil a new export policy for 2025-30, aiming to significantly enhance the state’s contribution to India’s overall exports. In an interview, UP’s minister for industrial development and export promotion Nand Gopal Gupta said the proposed policy targets increasing the state's share in India’s total exports to 7.5%, up from the current share of about 5%, by focusing on key sectors, including agricultural products.

Subscribe to enjoy similar stories. India recently surpassed 5 million electric vehicles (EVs) on its roads. As 2024 draws to a close, we have a milestone to celebrate and a better growth trajectory to anticipate in 2025.

Subscribe to enjoy similar stories. Indian farmers get only one-third of the final selling price, with the rest being enjoyed by the traders, wholesalers and retailers among themselves." Having worked closely with the agrarian economy for over two decades now, I found the conclusions of this research paper published by the Reserve Bank of India (RBI) to be an affirmation of my frequent observations and pre-suppositions about general practices in the country’s agriculture sector. Creating essential market linkages and consolidating farmers under umbrella bodies should have helped solve much of that problem.

Subscribe to enjoy similar stories. New Delhi: India’s primary vehicle research and testing body plans to expand facilities that are focused on so-called new energy vehicles, seeking to keep pace with the government’s rapidly accelerating green mobility drive. The Automotive Research Association of India (ARAI) will focus on electric and hydrogen-based powertrains or engines as well as research on vehicular emissions, according to two government officials, who declined to be identified.

Subscribe to enjoy similar stories. The freelance economy in India has witnessed extraordinary growth, transforming from a niche working arrangement into a mainstream career choice. With more than 15 million active freelancers and an industry projected to reach $50 billion by 2032, the sector represents a significant shift in how Indians approach work.

Subscribe to enjoy similar stories. Nissan, once a symbol of Japan’s carmaking prowess, spent the past five years trying to regain its footing after the arrest of longtime leader Carlos Ghosn, only to find itself in a precarious spot again. The carmaker has been slashing jobs, cutting vehicle production and reporting lower profit.

A US airline is in the line of fire for downgrading a first-class passenger. Reason — a dog. Reportedly, a Delta Air Lines passenger was moved from a first-class seat to make room for a service dog, which has now sparked a heated online debate. The incident happened recently on a Delta flight, according to a report of the New York Post.

Amazon executive, has sparked a debate on the demanding work culture in India, especially in global organisations. Broda shared his observations about his Indian colleagues in Bangalore, whose work ethic stood out during his time at Amazon. His post has gone viral, drawing attention to the long hours worked by employees in Indian offices, igniting discussions across various social media platforms like LinkedIn and Reddit.

For small businesses, the biggest change for the new year will be the arrival of a presumably more business-friendly administration in Washington

The Center for Immigration Studies’ Todd Bensman discusses the cost of illegal immigration on ‘The Bottom Line’ as the issue takes center stage in the congressional budget battle.