An unexpected fallout from US-India geopolitical tensions has shaken India’s $11 billion textile export industry, particularly in Tiruppur, in the southern state of Tamil Nadu, which is also known as the “knitwear capital” and “Dollar City” for its export earnings. Following the Trump administration’s imposition of steep tariffs on Indian goods in August, manufacturers who…
Having financed India Inc.’s overseas buyouts for long, State Bank of India (SBI) sees itself ready to underwrite mergers and acquisitions (M&As) at home, as the Reserve Bank of India (RBI) considers opening that door for domestic lenders. “We have been doing outbound M&A financing with Indian corporates acquiring overseas entities. Banks like SBI are…
Solar and wind farms have generated more electricity than coal for the first time on record this year, marking a milestone in global efforts to reduce consumption of fossil fuels, which are responsible for the majority of greenhouse gas emissions driving climate change. Despite this positive shift, the growth in adopting renewables has been slowed…
India needs to reconsider its insurance distribution strategies to reach every person in the country and meet the ‘Insurance for All’ goal by 2047, said Deepak Sood, whole-time member (non-life) of the Insurance Regulatory and Development Authority of India (IRDAI). “If we continue to follow the current distribution structure without looking at other options, then…
Phone services major Bharti Airtel’s managing director and vice chairman Gopal Vittal on Wednesday raised concerns about increasing regulatory overreach in the telecom sector despite its limited role in areas such as digital trust and security. Speaking at the India Mobile Congress, the telecom industry’s flagship annual event, Vittal said that telecom operators are being…
Earlier this month, the government launched a ₹11,440 crore pulses mission with the goal to achieve self-sufficiency. This production push comes as imports soared to a record $5.5 billion in FY25. India is the largest producer and consumer of pulses in the world. But how did farmers lose interest in legumes? Mint explains what’s at…
ABS is already a mandatory feature for bigger two-wheelers above 125 cc engine capacity—a rule that the ministry of road transport and highways wants to extend to smaller, commuter bikes and scooters. Lobby group the Society of Indian Automotive Manufacturers (SIAM) has written to the ministry that CBS with a front hydraulic disc brake is…
The move comes as BP looks to expand its footprint in India, where it has already invested $12 billion and partnered with Reliance on Jio-BP, a venture focused on fuel retail, EV charging and lubricants. BP India chairman Kartikeya Dube said the company is also in talks with Oil India Ltd, another government-owned oil and…
Maruti Suzuki, India’s largest carmaker and Mahindra seek to bump the share of electric vehicles (EVs) to nearly a fifth of their sales in the coming years from below 5% in the year ended March 2025, according to plans disclosed by companies. Tata Motors, with a third of its sales coming from CNG and electric…
Sanjaya Mariwala, founder and executive chairman of Omni Active Health Technologies, opened with a reality check. “There is an expectation,” he said, “but I’m not sure if that’s really being met effectively.” Optimism, however, was hard to miss. Amit Paithankar, whole-time director & CEO of Waaree Energies, reminded the audience that India’s opportunity is not…