Vaishnaw said that the work was progressing well. NEW DELHI: Railway minister Ashwini Vaishnaw on Sunday inspected the manufacturing of India’s first bullet train at BEML’s facility in Bengaluru and expressed satisfaction with the progress, highlighting the emphasis on quality and international standards.Vaishnaw said all major components were being manufactured, integrated and tested, and that…
Maruti, Hyundai clock highest-ever monthly domestic sales NEW DELHI: Carmakers rode festive demand to new sales records in Oct. Growth extended beyond SUVs, with Maruti Suzuki reporting stronger car sales and supply constraints in CNG vehicles, although the durability of demand after the festive season will be the next test.Maruti and Hyundai recorded their highest-ever…
New testing network aims to reduce travel for candidates, especially in smaller cities NEW DELHI: As the Centre moves to overhaul public examinations, exam-security company Innovatiview India has announced an investment of Rs 1,000 crore over the next 18 months to develop standardised testing centres, targeting capacity for one lakh candidates in a single session…
LIC Housing Finance raises lending rates by 25 bps, shifts focus to higher-margin loans to protect profitability MUMBAI: LIC Housing Finance plans to grow faster than the market even as it improves its margin by changing the composition of its loan book. The company has increased its lending rate by 25 basis points to protect…
Electric vehicle registrations cross 3.5 lakh for the first time, led by record two-wheeler sales CHENNAI: Amid festive fervour, India’s electric vehicle (EV) market clocked a record month in Oct, with registrations crossing 3.5 lakh units for the first time.Electric two-wheelers did most of the heavy lifting, notching up record sales and growing close to…
Smaller factories dominate India’s manufacturing base but lag sharply in output and productivity. NEW DELHI: India’s manufacturing sector suffers from fragmentation, with a small minority of large establishments driving output, while thousands of medium and small units are burdened with debt and low productivity.Large factories, employing over 200 workers, account for 10.4% of total operational…
Commercial LPG prices rise for third straight month and ATF rates for the fourth consecutive month as elevated global crude oil prices push up fuel costs. NEW DELHI: Oil marketing companies Sunday increased the price of commercial LPG by Rs 10 for a 19-kg cylinder and hiked aviation turbine fuel (ATF) rates by Rs 1.37…
UPI clocks record monthly transactions as October payments cross 25.5 billion, with daily value topping Rs 1 lakh crore MUMBAI: UPI transactions crossed the 25-billion mark for the first time in Oct, while average daily transaction value breached Rs 1 lakh crore for the first time, signalling continued growth in digital payments despite the debate…
International flyers can now trial Digi Yatra’s e-passport-based biometric facility at seven Indian airports, with a wider rollout planned for 2027 NEW DELHI: Travelling abroad from India could soon be a seamless experience just like taking domestic flights with Digi Yatra. The govt has started trials for international passengers at seven airports, allowing eligible Indian…
Festive buying, higher import duties and tighter tax compliance boost government revenues. NEW DELHI: GST collections grew 22.9% in Oct – the fastest pace of expansion since the revamp of the tax regime in Sept 2025 – to reach Rs 2.3 lakh crore, the second-highest monthly mop-up since the rationalisation exercise. While consumption remains strong,…
Rising prices of new smartphones are driving buyers towards refurbished iPhones and premium pre-owned devices NEW DELHI: Refurbished smartphones are finding more buyers in India. Rising prices of new devices are pushing consumers towards cheaper alternatives, including older iPhones, helping the secondary market grow even as new handset sales face a slowdown. ControlZ (refurbished electronics…
EPFO will initiate the settlement process automatically after completing the prescribed identity and bank account verification. The eligible amount will then be transferred to the rightful beneficiaries. NEW DELHI: Union labour and employment minister Mansukh Mandaviya on Sunday launched WhatsApp-based services for Employees’ Provident Fund Organisation (EPFO) subscribers.The roll out will allow them to check…
