At the central level, the view is to treat electric and hybrids equally when it comes to incentives. But states are having different thoughts. Key states like Maharashtra, Karnataka and Madhya Pradesh have decided to reserve incentives for battery EVs (BEVs) in their automobile policies for 2025, a Mint review found. Chhattisgarh recently tweaked a…
Mumbai: The country’s largest lender State Bank of India has raised ₹25,000 crore through a qualified institutional placement (QIP) of its equity shares, making it the largest QIP executed in Indian capital markets. The board of the public sector bank announced the close of the QIP late Monday evening, and approved the issue and allotment…
Weaker credit growth across the country’s top three private banks—Axis Bank reported its Q1 earnings on 17 July—suggests a broader trend of lender caution and moderating retail demand, especially in housing and auto loans. While successive rate cuts and benign inflation are expected to support consumption-led offtake, private capex and corporate credit appetite remain subdued,…
The reform, targeting thousands of mines allocated before 2015 when mineral blocks were allotted without auctions, will allow leaseholders to commercially mine newly-discovered strategic minerals, including lithium, cobalt, and rare earths, which are vital for key sectors including clean energy, automobiles, electronics, and defence. The government plans to introduce an amendment to the Mines and…
More than 4,000 workers have reported notable injuries in Indian automotive supply chains since 2019, with around 80% these being loss of fingers, according to an annual report by Safe In India (SII) Foundation. The report, titled Crushed, covered 7,500 auto workers in Maharashtra and Haryana who have suffered non-fatal injuries since 2019 and sought…
Rapid infrastructure upgrades, surging buyer interest and an in-demand housing market has led Thane, an unexpected supporter in the Mumbai Metropolitan Region’s residential sector, to become a key player in leading the real estate revolution. According to a report by real estate tracker Anarock, Thane has undergone an explosive housing price growth in the last…
Mumbai: To keep pace with fragmenting viewers and demanding advertisers, Zee Entertainment Enterprises Ltd (ZEEL) is rolling out a two-pronged strategy to rewire the rules of both storytelling and monetisation in Indian television. The broadcaster is expanding its regional television portfolio and launching a performance-focused advertisement platform that aims to deliver measurable return on investment…
Indian firms could, thus, be supplying next-generation green technologies to international markets grappling with inflation and supply chain pressures, he said. “One thing that was already clear to me is the potential of the industrial capability here to be outbound,” Dooley said in an interview with the Mint. “There is a huge investment agenda happening…
Molten couverture chocolate (high-quality chocolate rich in cocoa butter) flows through rows of overhead pipes, pastry chefs temper chocolate live behind glass walls, and impressionist-style artwork dots the sleek interiors, depicting farmers in the lush Theobroma cacao plantations of West Godavari, Andhra Pradesh, from where Manam Chocolate sources its beans. There’s a chocolate beverage bar,…
About a dozen cooperative sugar mills operating molasses-based distilleries have applied to convert their ethanol plants to be run on more widely available grains. Molasses is produced during the process of making sugar from sugarcane. But the sugarcane crushing period is limited to 4-5 months in a year, which means sugar mills dependent on molasses…