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Business

Sales of electric vehicles (EVs) in India surged in January, recording a 19.4 percent increase month-on-month (M-o-M) and a 17.1 percent rise year-on-year (Y-o-Y).

India's fuel consumption in January fell to its lowest level since October 2024, with the total reaching 20.49 million metric tons, however, the consumption was still 3.2 percent higher.

The Union Cabinet approved a new income-tax Bill on Friday, which is expected to be presented in Parliament next week.

On Friday, the Indian stock market traded almost flat after the Reserve Bank of India (RBI) announced a 25 basis points (bps) cut in the repo rate.

In a major milestone for Akasa Air, the airline has secured fresh capital from a group of prestigious investors, marking a significant step in its growth trajectory.

On Thursday, the Indian stock market closed lower as investors awaited the RBI's MPC rate cut decision on 7 February.

The stock market showed minimal movement early as investors adopted a cautious stance ahead of the RBI MPC meeting.

Industry leaders supported the Union Budget, commending the government's efforts to tackle economic challenges and drive long-term growth.

Finance Minister Nirmala Sitharaman has announced a major step to boost the insurance industry. The sector will now allow 100% foreign direct investment (FDI), up from the previous limit of 74%.

The Budget 2025-26 is part of India’s long-term vision, starting in 2014 and aiming for 2047, marking 100 years of independence. It is a blueprint to transform India’s economy.