In a move that could reshape India’s electric mobility supply chain, Ashok Leyland, the flagship of the Hinduja Group and India’s second‑largest commercial vehicle manufacturer, has announced a ₹5,000 crore investment to establish a domestic battery manufacturing ecosystem. The company has entered into a long‑term exclusive partnership with China’s CALB Group, one of the world’s leading battery technology providers, to localise production and reduce dependence on imports. The investment will be deployed over 7–10 years
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India’s Goods and Services Tax (GST) revenue for August 2025 reached ₹1.86 lakh crore, marking a 6.5% year‑on‑year increase compared to August 2024. This performance underscores the resilience of the Indian economy, supported by steady domestic demand, improved compliance, and robust activity in key sectors such as manufacturing, FMCG, services, and infrastructure. While the figure is marginally lower than July’s ₹1.96 lakh crore, it remains well above the ₹1.80 lakh crore mark for the sixth
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Reliance Industries Ltd (RIL) hosted its 48th Annual General Meeting (AGM) with high expectations and delivered a slew of announcements, including the long-awaited Jio IPO timeline, a strategic push into artificial intelligence, and aggressive targets in FMCG and clean energy. Yet, the stock fell over 2% on the day, closing at ₹1,355.45 on the BSE, even as benchmark indices remained relatively stable. This apparent disconnect between bullish announcements and bearish price action has sparked debate
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In a sweeping escalation of trade tensions, the United States has imposed a 50% tariff on Indian exports, triggering immediate volatility across financial markets and raising alarms across India’s export-driven sectors. The move, formalized under Executive Order 14329, doubles the previous 25% duty and marks one of the most aggressive trade actions against India in recent history. The Catalyst: Strategic Friction and Economic Muscle The tariff hike is widely seen as retaliation for India’s continued
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At its 48th Annual General Meeting, Reliance Industries Ltd (RIL) announced an ambitious plan to generate ₹1 trillion in revenue from its fast-moving consumer goods (FMCG) business within five years. This aggressive target positions Reliance Consumer Products Ltd (RCPL) as a direct challenger to industry leaders Hindustan Unilever (HUL) and ITC Ltd, signaling a major shift in India’s consumer landscape. RCPL Becomes Direct Subsidiary of RIL To accelerate execution, RCPL will now operate as a
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