Category: Business & Economics

Shaktikanta Das’s 6-Year RBI Journey: Balancing Growth, Inflation, and Innovation

Manish Kumar

Shaktikanta Das, the outgoing Governor of the Reserve Bank of India (RBI), leaves behind a legacy that has earned him global recognition. Twice named the world’s best central banker by Global Finance magazine, Das transformed the RBI’s role during his six-year tenure, navigating the institution through periods of financial volatility, a global pandemic, and evolving technological landscapes. On December 10, 2024, Das concluded his term, marking the end of a chapter characterized by decisive actions, innovative policies, and unwavering commitment to balancing growth and inflation. As his successor, Sanjay Malhotra,…

Hyundai India to Strengthen EV Infrastructure with 600 Fast Chargers by 2031

Manish Kumar

The new Hyundai EV charging station will assist EV buyers who are hesitant to take long trips on highways. The company plans to set up 50 of these new charging stations in 2024. Hyundai Motor India plans to install around 600 electric vehicle (EV) fast charging stations across the country over the next seven years. By the end of December 2024, they aim to have about 50 of these charging stations up and running. Jae Wan Ryu, a senior official at Hyundai, noted that the EV market is expected to…

India’s Steel Imports from China Hit Record High

Manish Kumar

A Complex Indo-China Economic Relationship The Indo-China relationship is a multifaceted blend of collaboration and contention. As two of the world’s largest economies and Asian powerhouses, their economic ties are integral to global trade dynamics. However, geopolitical tensions often overshadow economic interdependence, especially in critical sectors like steel, where trade imbalances can strain domestic industries. Recent data revealing record-high steel imports from China to India exemplifies this dynamic, highlighting challenges for India’s steel sector amid surging imports and falling domestic prices. Record Imports from China: A Worrying Trend India imported…

RBI Holds Repo Rate Steady but Cuts CRR: A Balancing Act Amid Economic Challenges

Manish Kumar

A Fine Line Between Growth and Stability In a much-anticipated move, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5% for the 11th consecutive time, emphasizing the importance of price stability amid high inflation and slowing economic growth. However, the unexpected decision to cut the Cash Reserve Ratio (CRR) by 50 basis points to 4% injected fresh liquidity into the banking system, buoying market sentiment. RBI Governor Shaktikanta Das underscored the complexity of navigating economic challenges, striking a balance between inflation control and supporting growth.  …

IndiGo Ranked Among Worst Airlines Globally: Analyzing the Controversy

Manish Kumar

IndiGo and Its Market Dominance IndiGo, India’s largest airline, is a giant in the aviation industry, commanding over 60% of the domestic market share and flying over 100 million passengers annually across domestic and international networks. Known for its punctuality, affordability, and operational efficiency, IndiGo has positioned itself as the most preferred airline in India. However, its recent ranking in the AirHelp 2024 survey, which placed it 103rd out of 109 global airlines, has sparked controversy. While AirHelp’s rankings question IndiGo’s performance, the airline has strongly refuted the claims, calling…

CARS24 to Hire 100+ Tech Experts in the Next Four Months To Make Car Ownership Smarter & Better

Manish Kumar

Mumbai, December, 2024: CARS24, India’s leading autotech platform, is on a mission to reimagine car ownership. With plans to onboard over 100 techies in the next four months, the company is gearing up to make every aspect of car ownership smarter, simpler, and more accessible. This expansion is rooted in CARS24’s vision of better drives, better lives—a belief that cars are more than vehicles; they’re enablers of dreams, progress, and better living. With new roles spanning R&D, data science, genAI, machine learning, react native, devops, engineering, and product innovation, this is a bold…

Volkswagen Faces $1.4 Billion Tax Evasion Allegations in India: A Deep Dive into the Controversy

Manish Kumar

Volkswagen’s Indian operations have been accused of evading $1.4 billion in import duties, marking one of the largest tax-related demands against a multinational in India. The allegations stem from claims that the German automaker misclassified imported car components to pay lower taxes, a practice the authorities deem “wilful evasion.” This controversy adds to Volkswagen’s mounting challenges, both within India and globally, as it grapples with labor disputes, competitive pressures, and dwindling market share in key territories. The Allegations: Misclassification and Underpaid Duties Indian authorities allege that Volkswagen’s local unit, Skoda…

The Future of EVs in India: Policy Revisions and Expanding Opportunities

Manish Kumar

India, poised to become a significant player in the global electric vehicle (EV) industry, is revamping its EV policy to attract both domestic and international automakers. Initially designed to entice Tesla into local manufacturing, the policy has undergone significant changes after the U.S. automaker opted out of its plans earlier this year. The updated incentives, set to be finalized by March 2025, aim to broaden the scope for EV investments and production, leveraging existing automotive infrastructure while encouraging innovation. This shift reflects India’s ambition to reduce carbon emissions, strengthen its…

Shaktikanta Das Likely to Be Extended as RBI Governor: A Pillar of Stability

Manish Kumar

A Legacy of Exceptional Leadership Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has emerged as one of the most influential figures in India’s financial landscape. Since assuming office in December 2018, Das has navigated the complexities of economic challenges with a steady hand. From addressing policy concerns during the pandemic to managing inflation and ensuring financial stability, his tenure is a testament to exemplary leadership. Honored as the world’s top central banker for two consecutive years by Global Finance, Das’s ability to guide the RBI through…

The Electric Future: Honda’s Activa e and QC1 Set to Redefine Scooters in India

Manish Kumar

As the world accelerates towards sustainability, electric vehicles (EVs) are emerging as the frontrunners of a cleaner, greener future. Offering innovative designs and energy-efficient technology, EVs are reshaping urban mobility. The latest addition to this revolution is Honda Motorcycle & Scooter India’s unveiling of the Activa e and QC1 electric scooters. With these models, Honda not only strengthens its presence in the Indian EV market but also contributes to its global vision of launching 30 EVs and achieving carbon neutrality by 2050. Here’s a closer look at these two groundbreaking…