New Delhi: Electric vehicle (EV) charging and battery-swapping stations set up in government offices, public spaces in cities and along highways will get subsidies under the ₹10,900-crore PM E-drive scheme. The subsidy will be provided on the upstream infrastructure and electric vehicle supply equipment (EVSE) costs, according to the guidelines rolled out by the Union…
But the first six days of the 2025 festival season are telling a different story: gross merchandise value (GMV) has hit ₹45,000 crore, up 22% year-on-year. Could private consumption finally be staging a comeback? Mint explores. Why 2025 festive sales are under the microscope E-commerce in India now accounts for $60 billion in GMV, making…
On 6 September, a stone’s throw away from Tesla’s showroom, VinFast Auto Ltd, a little-known Vietnamese brand, made a much bigger splash. In a large ballroom that could easily hold more than 100 people, the company’s leadership officially launched two new sports utility vehicles, VF6 and VF7. Former diplomat Pham Sanh Chau, who served as…
Hyderabad (Telangana) [India], September 28 (ANI): Telangana is looking to play a bigger role in India’s semiconductor journey, with the state government emphasising its focus on moving from chip design talent to actual manufacturing, said Sridhar Babu Duddilla, Minister of IT of Telangana. Speaking to ANI on the sidelines of the T-CHIP (Technology Chip Innovation…
New Delhi [India], September 28 (ANI): The Indian plastics pipes industry weathered multiple headwinds in FY25, grappling with subdued infrastructure spending, liquidity challenges, and volatile PVC prices, according to a recent JM Financial report. The report highlights that the sector, traditionally fragmented and agriculture-focused, has steadily shifted towards a more organised ecosystem catering to water…
Bank holidays next week: All seven daydays next week are a bank holiday in some part of India due to religious celebrations, local festivities and national holidays. Banks across India, including the State Bank of India (SBI), remain closed during holidays mandated by the Reserve Bank of India (RBI). These holidays also comprise the second…
Excessive rains wreaking havoc in the form of cloudbursts, flash floods and landslides are becoming a perpetual curse for tourism in Himachal Pradesh during the monsoon season. However, with the withdrawal of monsoon, the hospitality industry is pinning hope on revival. The tourism sector, the main stake of Himachal, contributes over ₹14,000 crore annually to…
In an interview with Mint, Ashok Kumar Gupta, executive chairman of Optiemus Infracom, confirmed that it will own 65% of the joint venture with CMF. The joint investment of $100 million ( ₹900 crore) over the next three years will be spent across design, research & development (R&D), and local manufacturing operations. The move to…
These companies are zeroing in on how people spend their breaks: quick bursts of entertainment. Their bet is on snackable micro-dramas—two-to-three-minute episodes packed with twists and emotional payoffs—vying to steal the same eyeballs that might otherwise drift into Instagram Reels or YouTube Shorts. The market is already crowded with ambitious players, including VC-backed startups like…
The union health ministry is leading the initiative, bringing together representatives from Thailand, Sri Lanka, Bhutan, Bangladesh, Vietnam, Malaysia, Indonesia, and Singapore to discuss a coordinated approach to eliminate the deadly disease. A study published in The Lancet in January estimated that India sees about 5,700 human rabies deaths a year, nearly a 75% decrease…