Ola Electric Mobility Ltd is redirecting 575 crore from its initial public offering (IPO) proceeds, originally earmarked for research and product development, towards debt repayment and organic growth initiatives, signalling mounting pressure on the electric-vehicle maker.
Companies are investing heavily in complex injectables, respiratory therapies and biosimilars to improve margins and diversify portfolios.
The Delhi government has approved an ambitious electric vehicle policy that eliminates registration fees and road taxes for EVs priced up to Rs 30 lakh, offers a Rs 1 lakh incentive for purchasing new EVs while scrapping old vehicles, and mandates that only electric two-wheelers can be registered starting April 2028.
US Secretary of State Marco Rubio has said that the US is ready to sell as much energy as India is willing to buy. He described India as a 'great partner' ahead of his visit to New Delhi.
A butcher in Thane district, Maharashtra, has been booked for allegedly violating the meat sale ban imposed on Mahavir Jayanti. The accused allegedly kept his shop open and sold meat despite the prohibitory order.
India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.
India's leading listed real estate developers are increasingly focusing on pan-India expansion, diversifying beyond their traditional home markets into high-demand residential areas like MMR, NCR, Bengaluru, Hyderabad, Pune, and Chennai to tap broader housing demand and reduce reliance on single-city market cycles.
The Maharashtra excise department has arrested over 210 people and registered 313 cases in a five-day crackdown on illicit liquor manufacturing and sales in Thane, Palghar, and Raigad districts. This intensified action follows the Pune hooch tragedy, which claimed at least 15 lives, leading to the seizure of property worth Rs 1.58 crore and the suspension of 22 police and excise personnel.
The Maharashtra excise department has arrested over 210 people and registered 313 cases in a five-day crackdown on illicit liquor manufacturing and sales in Thane, Palghar, and Raigad districts. This intensified action follows the Pune hooch tragedy, which claimed at least 15 lives, leading to the seizure of property worth Rs 1.58 crore and the suspension of 22 police and excise personnel.
Mahindra & Mahindra (M&M) is expanding its farm equipment strategy beyond tractors to include a wider range of mechanisation solutions like harvesters, balers, seed drills, and telematics-enabled services, aiming to capitalise on the growing demand for rental services by rural entrepreneurs and address low mechanisation levels in Indian agriculture.
Domestic automobile retail sales in India experienced a significant surge of 26 per cent year-on-year in February, driven by improved affordability and market confidence across various segments, according to FADA.
Indian liquor brands are increasingly focusing on Hindi heartland states like Uttar Pradesh, Rajasthan, and Haryana as the next major growth engine for premiumisation, driven by expanding luxury portfolios, craft spirit launches, and upgraded retail experiences, as state governments embrace reforms.
As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
The Nifty 50 firms' contribution to the overall earnings of India Inc has steadily declined, reaching its lowest share in at least 21 quarters at 47.1 per cent in Q4FY26, down from 51.8 per cent a year earlier.
While SUVs have steadily gained share across the industry, data shows that nearly three in 10 luxury vehicles sold in India are sedans, highlighting the segment's resilience despite years of SUV-led growth.
A 48-year-old real estate agent has been arrested in Palghar, Maharashtra, for allegedly grabbing and illegally selling another person's land. The accused, Surendra Pratap Singh, faces multiple charges including cheating and criminal intimidation.
The Excise department in Thane seized 73,440 bottles of Goa-made Indian Made Foreign Liquor (IMFL) worth Rs 1.89 crore from a truck on the Panvel-Mumbra highway. The liquor, lacking batch numbers and MRP, is banned for sale in Maharashtra, leading to the driver's arrest under the Maharashtra Prohibition Act.
India's crude oil imports from Russia reached a record high of approximately 2.73 million barrels per day (mbpd) in June, driven by discounts of $2-5 a barrel. This surge comes as the West Asia crisis disrupted supplies from traditional sources and China reduced its own purchases, leading Russia to offer more favourable terms to India.
Beauty and lifestyle retailer Nykaa has announced a multi-year collaboration with OpenAI to integrate AI-driven shopping experiences through ChatGPT. This partnership will allow users to receive conversational recommendations for beauty and fashion products, with Nykaa fulfilling these queries. Additionally, OpenAI's technologies will be deployed across Nykaa's internal operations to boost productivity.
A tehsildar in Maharashtra's Jalna district, Vijay Chavan, was arrested by the Anti Corruption Bureau for allegedly accepting a bribe of Rs 6.40 lakh from a sand transporter. The bribe was demanded to avoid action against illegal sand excavation and transportation. Chavan had a previous suspension in 2014 for procedural irregularities.
The Vadodara Municipal Corporation has valued a 978-square metre plot of land illegally occupied by Trinamool Congress MP Yusuf Pathan at Rs 2.10 lakh per square metre. Pathan has been occupying the land since 2012 despite the state government rejecting his proposal for allotment, and the Gujarat High Court has also ruled against him, criticising his continued possession.
World Cup fever in Argentina, home of the defending champions, has boosted sales of counterfeit jerseys and soccer trading cards, sparking protests from retailers who are already under pressure from President Javier Milei's market-opening policies.
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The Enforcement Directorate has summoned the two sons of Karnataka Congress MLA N A Haris for questioning in a crypto currency-linked money laundering case. The case involves hacking websites, stealing bitcoins, and selling virtual digital assets, with the Nalapad brothers previously denying wrongdoing and alleging political vendetta.
Domestic cooking gas (LPG) prices have increased by Rs 29 per cylinder, marking the second hike in three months due to rising global energy costs. This follows broader fuel price increases for petrol, diesel, and CNG, with state-owned retailers still incurring significant losses despite the revisions.
Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.
Sonia Gandhi criticised PM Modi's Israel visit, calling it a "bewildering strategic decision" amid the regional conflict.
A sessions court in Mumbai has quashed notices issued against two directors of Amazon Seller Services Private Limited for the alleged illegal online sale of abortion pills, citing that Amazon acts as a platform and not the seller.
Fugitive businessman Vijay Mallya responds to criticism of his investment in Royal Challengers Bangalore (RCB) after the franchise was sold for nearly USD 2 billion.
Police in Thane, Maharashtra, have arrested a Nigerian national, Enugu, for possessing 261.5 grams of cocaine worth Rs 78.45 lakh. The arrest was made in Mira Road East, and investigations are ongoing to dismantle the supply network.
Canadians and tourists at Niagara Falls celebrated Canada's historic first-ever win at the FIFA World Cup against Qatar. The euphoric victory, witnessed by hundreds at a special viewing event, sparked widespread joy and a renewed interest in football across the nation.
The National Stock Exchange (NSE) is set to launch India's largest initial public offering (IPO), estimated at Rs 30,000 crore. This mega public issue will surpass previous records held by Hyundai Motor India and Life Insurance Corporation of India (LIC), marking a significant event in the Indian stock market. The move comes as India's primary market shows signs of recovery after a period of slowdown.
India's passenger vehicle (PV) industry is projected to experience moderated growth in FY27, following a strong rebound in H2FY26, primarily due to the high base effect, absorbed pent-up demand, and the lingering impact of geopolitical tensions in West Asia.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
The smartphone goes on sale from June 19 via Amazon and will be available in Asphalt Black, Nitro Blue and Turbo White finishes.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
Authorities in Udaipur, Rajasthan, seized approximately 18,000 litres of suspected adulterated ghee and yellow food colour during a raid on a dairy farm. The raid was prompted by complaints of food adulteration and product quality. Samples have been sent for testing, and the sale and distribution of the seized ghee have been banned.
Rajasthan's Anti-Narcotics Task Force (ANTF) has conducted six operations across the state, seizing narcotics worth Rs 92 lakh and arresting six individuals. The seizures included poppy husk, opium, smack, and cannabis plants, with a significant bust involving a truck with secret compartments in Bhilwara.
India's electric passenger vehicle market saw an 87.4 per cent year-on-year increase in FY26, reaching 233,246 units, primarily driven by the mid-size SUV segment (20-30 lakh price bracket), while the entry-level segment (sub-10 lakh) experienced a decline.
A Mumbai court granted anticipatory bail to a 21-year-old law student, Abhay Pratap, accused of selling obscene videos of self-styled godman Ashok Kharat online. The court noted the videos were already publicly available, deeming custodial interrogation unnecessary.
