Hyundai Motor India Limited, the Indian arm of the South Korean automaker, has received two goods and service tax (GST) notices from the Government of Tamil Nadu and the Government of Maharashtra, amounting to nearly ₹16 crore, according to an exchange filing on Friday, February 28. The Deputy Commissioner of the Maharashtra State Tax Department…
The Indian retail market is poised for substantial growth, with expectations to reach over Rs 190 lakh crore by 2034. Retailers who embrace the country’s diverse demographics and contrasting consumer behaviors stand to gain the most, according to a joint report by the Boston Consulting Group (BCG) and the Retailers Association of India (RAI). The…
India’s economic growth is becoming more balanced with a notable rise in private consumption’s share in the GDP, according to a Crisil report. The report highlights a mild revision of 10 basis points (bps) in the second advanced estimate, bringing the expected real GDP growth for fiscal 2025 to 6.5%. This figure is closer to…
As appraisal season approaches, employees in the IT sector eagerly await rewarding salary hikes. However, reports indicate a mixed response from employers and employees regarding the anticipated increments. One notable case is LTIMindtree, a leading multinational information technology services and consulting company in India. The subsidiary of Larsen & Toubro has sent shockwaves among its…
India must sustain an average annual growth rate of 7.8% over the next 22 years to transition into a high-income economy by 2047, according to a World Bank report released on 28 February and reported by The Hindu. The report, titled “India-Country Economic Memorandum: Becoming a High-Income Economy in a Generation,” emphasizes that while the…
Ratan Tata’s Tata Consultancy Services (TCS), one of India’s largest IT services firms, is set to announce annual salary hikes for its employees for the financial year 2025-26. However, the expected increment is likely to be the lowest in the last four years. ### Expected Salary Hike According to an Economic Times report, TCS salary…
Reliance Jio, known for revolutionizing the telecommunications sector, is now set to make its mark in the electric vehicle manufacturing sector. The company is reportedly planning to launch the Jio electric bicycle by the end of this year. Although there has been no official announcement from Reliance, several features and price details have been circulating…
In one of the most high-pressure pitches of Shark Tank India Season 4, the founders of Trajectory, a cushion brand from Delhi, faced intense scrutiny as they presented their business to the sharks. Seeking Rs 1 crore in exchange for 2 per cent equity, valuing their company at Rs 50 crore, the founders found themselves…
During the recent Mumbai Tech Week 2025, Akash Ambani, Chairman of Reliance Jio Infocomm Limited (RJIL), shared an intimate perspective on his source of inspiration: his father, Mukesh Ambani. In a fireside chat with Harsh Jain, co-founder & CEO of Dream Sports, Akash Ambani highlighted his father’s unparalleled work ethic and dedication, revealing that Mukesh…
Ola Electric has announced a significant milestone, selling over 25,000 units in February and achieving a market share of over 28% in the electric two-wheeler segment. This achievement cements Ola Electric’s leadership position in the market. *Sales Milestone and Market Leadership* The company attributed the sales milestone to its S1 portfolio and an extensive sales-and-service…
