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India has 56.75 lakh registered EVs till February 2025: Govt

India has 56.75 lakh registered EVs till February 2025: Govt

India has been making significant progress in the transition to green energy and electrification as the nation has a total of 56.75 lakh registered electric vehicles (EVs) till February this year, according to government data.

In FY25, electric two-wheeler (e-2W) sales hit 11.49 lakh units, up 21 per cent from the previous year’s 9.48 lakh, the data showed.

These figures signal a rapidly accelerating shift towards cleaner, more sustainable mobility on Indian roads as the government has set a vision of 30 per cent EV penetration by 2030 in alignment with the global EV30@30 initiative.

Flagship initiatives like Faster Adoption and Manufacturing of Hybrid and Electric Vehicles II (FAME II), PM E-Drive, Production Linked Incentive (PLI) schemes, and PM e-Bus Sewa are steering investment, localisation, and large-scale EV adoption in the country.

India's e-commerce industry to generate Rs 1.15 lakh crore GMV this festive season

India's e-commerce industry to generate Rs 1.15 lakh crore GMV this festive season

India's e-commerce industry, which is expected to grow by 20–25 per cent annually which is nearly double the pace of the previous year, is expected to generate over Rs 1.15 lakh crore in gross merchandise value (GMV) this festive season, a report has said.

Repo rate cuts, increased disposable income, growing rural affluence, and pent-up demand across categories like fashion, home goods, and appliances are all helping India's festive economy prepare for its most successful run this year, according to a report by Redseer Strategy Consultants.

Redseer predicts that India's e-commerce industry, which will be the biggest beneficiary this festive season, will close 2025 with 17–22 per cent growth, the highest in three years, thanks to festive tailwinds.

Govt working on mission to curb greenhouse gas emissions: Niti Aayog

Govt working on mission to curb greenhouse gas emissions: Niti Aayog

The Union Government is finalising the roadmap and outlay for Carbon Capture, Utilisation and Storage (CCUS) mission to curb greenhouse gas emissions and support net-zero goals by 2070, according to Rajnath Ram, advisor for energy, natural resources and environment, Niti Aayog.

"We are working on finalising the mission roadmap. Discussions are also on to finalise the total outlay," Niti Aayog official said at an event.

He also called for long-term supply contracts for liquefied natural gas (LNG) to boost gas consumption to 180-200 billion cubic meters by 2030, aiming for a 15 per cent energy mix share. This requires a two to threefold increase in LNG consumption.

Indian oil companies to clock strong earnings in FY26 on lower prices, reduced LPG losses

Indian oil companies to clock strong earnings in FY26 on lower prices, reduced LPG losses

The Indian oil marketing companies (OMCs) are set to clock strong earnings in current fiscal (FY26) due to lower oil prices and reduced LPG losses, according to a new report.

HSBC Global Investment Research believes that OMCs now have a large margin of safety owing to low oil price and a large capex plan which “gives us confidence that a normative level of earnings (assumed) will still be maintained”.

Lower oil price is supportive of strong auto fuel marketing margins (currently Rs 5-9 per litre) and this augurs well for the FY26 earnings.

Maruti Suzuki’s Gujarat plant a true example of ‘Make in India, Make for World’: Chairman

Maruti Suzuki’s Gujarat plant a true example of ‘Make in India, Make for World’: Chairman

Calling it a true example of “Make in India, Make for the World,” Maruti Suzuki Chairman R.C. Bhargava on Tuesday said the company’s Gujarat plant is being developed into a global hub as Prime Minister Narendra Modi flagged off the first batch of the company’s electric SUV, ‘e-Vitara’, and inaugurated India’s first lithium-ion battery cell plant at Hansalpur here.

Speaking to reporters, Bhargava said the Prime Minister’s encouragement has infused fresh energy into the company.

“Today is a truly proud and historic occasion for us as PM Modi has inaugurated two landmark steps for India’s future,” he said.

The Prime Minister flagged off the company’s first electric SUV, ‘e-Vitara’, and also inaugurated the lithium-ion battery plant at Hansalpur, Gujarat. The plant rolls out 7.5 lakh cars every year.

GST Authority sends tax demand, penalty of over Rs 40 cr to Eternal

GST Authority sends tax demand, penalty of over Rs 40 cr to Eternal

The GST department has issued three orders to Eternal, the company that owns the Zomato and Blinkit brands, imposing a total tax demand of more than Rs 40 crore, including interest and penalties.

According to the company, the Joint Commissioner, Bengaluru, issued these directives for the period from July 2017 to March 2020.

"The Company has received 3 orders on 25 August 2025 for the period July 2017 to March 2020 passed by Joint Commissioner, Appeals-4, Bengaluru, confirming total demand of GST of Rs 17,19,11,762 with interest of Rs 21,42,14,791 and penalty of Rs 1,71,91,177, " Eternal said in an exchange filing.

Vodafone Idea shares tank after govt says no fresh discussion on AGR relief

Vodafone Idea shares tank after govt says no fresh discussion on AGR relief

Shares of telecom company Vodafone Idea shares fell over 9 per cent in intra-day trade on Tuesday.

Vodafone Idea shares dipped 9.19 per cent, and have declined more than 16 per cent year-to-date.

The decline came after Minister of State for Communications, Pemmasani Chandra Sekhar, said there are no plans to provide additional relief beyond what has already been offered, according to multiple media reports.

According to the minister, the government had converted a significant portion of the company's debt into equity. The minister said in media reports that the government has taken all feasible measures and that there is no discussion or plan to alter anything beyond what has been done.

PhonePe launches new home insurance offering, starts at just Rs 181

PhonePe launches new home insurance offering, starts at just Rs 181

Fintech major PhonePe has announced the launch of its latest home insurance product line, designed to offer homeowners a simple and affordable solution to protect their homes.

With premiums starting as low as Rs 181 (including GST) for coverage ranging from Rs 10 lakh going up to Rs 12.5 crore, buyers can insure both structure and contents of their homes, with the convenience of an end-to-end digital journey, directly on their PhonePe app.

Vishal Gupta, CEO at PhonePe Insurance Broking Services, said, “We believe India’s homeownership aspirations are larger than ever, and PhonePe is eager to be a part of that journey, backed by its expertise. We are committed to making insurance accessible and affordable for every Indian”.

From performance to camera, realme P4 Series emerges best smartphone under Rs 20K segment

From performance to camera, realme P4 Series emerges best smartphone under Rs 20K segment

In 2025 the smartphone industry continues to evolve at a rapid pace, with products becoming smarter and more feature-packed while consumer expectations rise just as quickly.

Buyers today are more informed, carefully weighing performance, design, and long-term value before making a purchase. The mid-range category has become the most competitive, offering flagship-like experiences at accessible prices.

For many in India, the sweet spot lies in the Rs 15,000 to Rs 20,000 range of mobiles, a segment that balances aspiration with affordability and appeals strongly to young users who want a phone under Rs 20,000 that can handle gaming, photography, and streaming while also looking stylish.

In this crowded space, where every brand is fighting for attention, it is no longer enough to simply offer higher megapixels or bigger batteries.

Apple to open its fourth India retail store in Pune on Sep 4

Apple to open its fourth India retail store in Pune on Sep 4

Tech giant Apple on Tuesday announced it will open doors to its first store in Pune -- Apple Koregaon Park -- on September 4. This will be the company's fourth own retail store in the country.

This opening marks a significant expansion for Apple in the country, offering customers in Pune new ways to explore and buy Apple products, and experience Apple’s exceptional service in person, the iPhone maker said in a statement.

The barricade for Apple Koregaon Park was revealed following last week’s announcement in Bengaluru, where Apple Hebbal will open on September 2.

Adorned with rich, vibrant feathers inspired by the Peacock - India’s national bird and a symbol of pride - the artwork celebrates Apple’s third and fourth stores in India.

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