India's home-grown EV startups say the government's auto PLI scheme is helping big players while shutting out innovators building electric two- and three-wheelers from scratch.
If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. September 11 is a Friday, and the subsequent two days are bank holidays.
Apple Inc, which had planned to shift only 10 per cent of its global production base from China to India with respect to iPhones at the end of FY26, is currently churning out one out of every four iPhones in the world from India.
The Ministry of Heavy Industries (MHI) anticipates disbursing approximately 4,700 crore in incentives under the automotive PLI scheme in FY27, more than double the previous two years, while also exploring financing mechanisms for electric buses and trucks and promoting domestic manufacturing of critical EV components.
A Gwalior man was fined Rs 5,500 by police after his girlfriend covered his car with 3,400 lipstick marks as a social media stunt. The car, which had been driven around the city, was deemed modified, leading to the penalty under the Motor Vehicles Act. The man was also made to clean the car.
Commuting by CNG-run black and yellow cabs and auto-rickshaws in Mumbai will become more expensive from September 1, with the Mumbai Metropolitan Region Transport Authority (MMRTA) approving a fare hike of Rs 2 for taxis and Rs 1 for auto-rickshaws.
The Indian National Centre for Ocean Information Services (INCOIS) has issued a swell surge warning for coastal areas of Kerala, south Tamil Nadu, and Lakshadweep islands for August 19-20. High period swells from the southern Indian Ocean are expected to cause surging waves and inundation in low-lying regions, prompting advisories for fishermen and coastal residents to exercise caution and suspend recreational activities.
The production-linked incentive (PLI) scheme for the automobile sector has created market distortions, excluded innovation-led electric two-wheeler (e2w) makers, and failed to convert cost advantages into export competitiveness, with 77 per cent of export volumes driven by non-PLI models, said a report released by the Centre for Domestic Economy Policy Research (C-DEP) on Friday.
Automobile manufacturers are increasingly vocal about the mounting paperwork and delays associated with India's Production-Linked Incentive (PLI) scheme for the automotive sector, arguing that compliance requirements are becoming as challenging as meeting technical eligibility conditions. They are pushing for a simpler, faster, and more predictable certification and compliance framework.
India's exports of printed circuit boards (PCBs) to China dramatically increased over 40-fold to $1.5 billion in FY26, indicating a significant shift where China is increasingly importing simpler electronic assemblies from India as it focuses on higher-value manufacturing domestically.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
India's gross Goods and Services Tax (GST) collections surged by 15.4 per cent to over Rs 2.11 lakh crore in July, driven by increased mop-up from both domestic transactions and imports.
Tata Electronics has surpassed Taiwanese giant Foxconn in assembling iPhones for export from India during the FY22-FY26 PLI scheme period, with exports valued at $26.3 billion compared to Foxconn's $25.6 billion.
'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''
Smallcap funds give investors access to businesses that can grow much faster than the broader economy.
Mumbai has spent four centuries building folklore around its monsoon: The potholes, the delayed trains, the office debates about whether it will 'break' this week or next. It turns out the rain was always a market. Nobody had built the exchange for it until now!
Sir Garfield Sobers, widely considered the greatest all-rounder in cricket history, passed away just days before his 90th birthday, leaving behind an unparalleled legacy that included a significant connection with India both on and off the field.
Mumbai experienced over 100 mm of rainfall in 24 hours, leading to significant waterlogging in areas like the Andheri subway and causing traffic diversions. Suburban train services faced delays, and a snapped overhead wire disrupted Harbour line operations. Various parts of the city, including eastern and western suburbs and the island city, recorded heavy downpours.
Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.
India's assistant coach Ryan ten Doeschate has challenged the T20 team to shed its 'underachievers' tag in foreign conditions, emphasising the need for quicker adaptation to varied playing environments after recent series losses.
'Why not aspire for 8 or 9 or even 10 per cent?'
India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.
Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
Goa's Venkata Chigurupati has earned his maiden India Under-19 call-up for the Sri Lanka tour after a standout season of 49 wickets and 380 runs, as the fast-bowling all-rounder sets his sights on the U-19 World Cup and a future in India's Test team.
The Dudhwa Tiger Reserve administration has implemented a dusk-to-dawn ban on vehicular traffic on the Dudhwa-Gauriphanta road to protect wildlife, following a Supreme Court mandate. Emergency vehicles are exempt, and an alternative route is available.
Germany, aiming to repair its international reputation after two consecutive first-round exits, begins its World Cup campaign against minnows Curacao.
Batting-order flexibility has become a key factor in modern white-ball cricket, and former India all-rounder Vijay Shankar believes players who can seamlessly adapt to different roles are increasingly valuable in a format driven by situational demands.
India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.
Major foreign mining and refining companies have assured the Indian government that they will have sufficient stocks of rare-earth oxides to supply to the winning bidders under the country's production-linked incentive (PLI) scheme for indigenous manufacturing of rare-earth permanent magnets (REPMs), Business Standard has learnt.
The ICC board has formed a committee to assess the impact of the growing franchise cricket leagues on the international cricket calendar, aiming to strike a balance and prevent disruption.
Apple CEO Tim Cook's strategic pivot, from initial rejections to local partnerships and leveraging government policies like PLI, transformed India into a major iPhone manufacturing and export hub, now accounting for one in every four iPhones assembled globally.
India has announced its 23-member squad for the SAFF Women's Championship 2026, set to take place in Goa. The team will compete against Maldives and Bangladesh in Group B, with the top two teams advancing to the semi-finals.
Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.
Morocco, Norway, Turkey, Colombia, Mexico and Japan are among the leading dark horses for FIFA World Cup 2026, with each side possessing the talent and momentum to challenge football's traditional powers.
A traffic police constable in Sasaram, Bihar, was killed after being hit by a tractor while attempting to enforce traffic regulations. The driver fled the scene, and a manhunt is underway.
Union Minister Nitin Gadkari has called for Indian companies to form joint ventures with US companies to leverage new technologies, while also expressing an ambitious target to make India's automobile industry the world's number one within five years.
Commuters in Kolkata and surrounding areas are experiencing significant difficulties due to a shortage of buses, as many vehicles remain engaged in election duties related to the West Bengal polls. Normal service is not expected to resume until after the counting process on May 4.
Sumit Antil, a two-time Paralympic gold medallist, credits Neeraj Chopra's advice at the World Para Championship for his world record-breaking javelin throw of 74.82m at the Indian Open Para Athletics International Championship in Bengaluru.
The Bombay High Court has upheld the police's decision to deny a clearance certificate to Fahim Ansari, acquitted in the 26/11 terror attack case, preventing him from driving an autorickshaw for livelihood, citing public safety and national security concerns.
'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'
