Category: Business & Economics

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…

PAN 2.0: Revolutionizing Identification and Financial Systems in India

Manish Kumar

Transforming Identification with Technology The Permanent Account Number (PAN), a 10-digit alphanumeric identifier issued by India’s Income Tax Department, is set to undergo a transformative upgrade under the PAN 2.0 Project. This landmark initiative aims to integrate advanced features, enhance cybersecurity, and establish PAN as the single identifier for businesses. Approved by the Union Cabinet on November 26, the upgrade seeks to streamline financial and identification processes, marking a significant shift toward a unified digital ecosystem. The project introduces features like a QR code for secure verification, a comprehensive online…

Adani Allegations Rock Telangana: CM Rejects Rs 100-Crore Donation to Protect State’s Integrity

Manish Kumar

A Bold Stance Amidst Controversy In an unprecedented move, Telangana Chief Minister A. Revanth Reddy has declined a Rs 100-crore pledge from the Adani Foundation meant for the Young India Skills University. The decision, ostensibly taken to safeguard the state’s “honour and dignity,” comes in the wake of allegations from the United States indicting Gautam Adani for bribing Indian officials to secure lucrative solar energy contracts. The refusal has sparked political discourse, with critics questioning the association of state governments with corporate giants mired in global controversies. CM Reddy’s assertive…

Arrest Warrant Against Gautam Adani in the US: Implications, Reactions, and Next Steps

Manish Kumar

The indictment of Indian business tycoon Gautam Adani and his nephew Sagar Adani by a New York grand jury on charges of bribery has set off a political and legal whirlwind. Allegations of a $265 million bribery scheme have sparked heated debates, casting a spotlight on the Indian billionaire and his sprawling conglomerate’s international dealings. Adani Indictment: The Case So Far A Reuters report revealed that the United States Justice Department indicted Gautam Adani, Sagar Adani, and seven others, accusing them of bribing Indian government officials to secure lucrative solar…

Adani Green’s Bribery Allegations Shake Market Confidence, Halts Bond Offering, ₹2 Lakh Crore Wiped Out

Manish Kumar

Storm Clouds over the Adani Empire In the high-stakes world of global business, few names command as much attention as Gautam Adani’s. Yet, in recent years, the Indian billionaire’s rise to prominence has been repeatedly marred by controversy. From allegations by short-sellers to regulatory scrutiny, the Adani Group has weathered multiple storms. The latest challenge comes from the United States, where Adani and other board members face allegations of bribery and obstruction of justice, sending shockwaves through the corporate world and causing significant losses in market value. However, even amidst…

Reliance-Disney Joint Venture: Transforming India’s Entertainment Landscape

Manish Kumar

A Landmark Collaboration India’s media and entertainment industry witnessed a seismic shift as Reliance Industries Limited (RIL), Viacom18, and Disney announced the completion of their joint venture (JV) on November 14. The merger integrates the media and JioCinema businesses of Viacom18 with Star India Private Limited, paving the way for an entertainment powerhouse. The JV, valued at an impressive ₹70,352 crore, is set to redefine content creation, distribution, and consumer engagement in India and globally. The Deal: Structure and Vision The JV, greenlit by the NCLT Mumbai, Competition Commission of…