Arshad Khan

Hisashi Takeuchi, managing director and chief executive officer of Maruti Suzuki (MSIL), said on Wednesday that the conditions for deeper localisation for India's automobile industry have never been more favourable. He added that as the global supply chains are being reconfigured, cost is no longer the only consideration, and that reliability and continuity have become equally important.

Amid the rapid transformation of automobile manufacturing, industry and government representatives urged component makers to accelerate investments in advanced

Maruti Suzuki India (MSIL), the country's largest carmaker, said demand for premium hatchbacks remains resilient despite intensifying competition from sub-four-metre sports utility vehicles (SUVs).

Saint-Gobain expects to have at least 100 plants in India over the next 5 years as it eyes a major opportunity in the sustainable construction business, the company's India chief executive officer Sreedhar N told

India's equity market is likely to remain under pressure in the coming week as rising crude oil prices in the wake of escalating US-Iran tensions are likely to continue weighing on investors' sentiment. For the week, the Nifty 50 declined around 1.15% to close at 23,897.70, while the Sensex fell nearly 1.0% to settle at 76,515.43.

In a major shift in India's passenger vehicle market, alternative powertrains (CNG, hybrid and electric vehicles combined) have overtaken petrol for the first time, accounting for 41.95% of sales versus petrol's 40.85%. Just over a year ago, petrol held a lead of nearly 11 percentage points and now that advantage has been erased.

Domestic equity market continues to remain under pressure, with little sign of a decisive breakout. Rising crude oil prices and bond yields have added to the selling pressure, overshadowing the country's strong Q1 GDP growth, with the benchmark BSE Sensex and NSE Nifty50 closing higher in only one of the past seven sessions.

Adani Airport Holdings Limited (AAHL), a subsidiary of billionaire Gautam Adani's Adani Enterprises Limited (AEL), is raising Rs 9,825 crore ($1 billion) of primary equity capital from a consortium of investors comprising Alpha Wave Global, Premji Invest, Temasek, and BlackRock-managed funds. The transaction values AAHL at a pre-money equity valuation of $18 billion and represents one of the largest primary equity investments from financial institutions in India's airport infrastructure sector.

Bengaluru-headquartered electric two-wheeler company Ultraviolette Automotive announced on Thursday its plan to invest Rs 1,000 crore over the next 5 years to establish what it calls its ‘BIGGA (Big Global Ambition) Factory' in Hosur, Tamil Nadu. The facility will ramp up to an annual manufacturing capacity of 250,000 vehicles in phases, with infrastructure designed to scale production to 500,000 vehicles per annum as demand grows.

Five key strokes can save us from a climate apocalypse— that's the ray of hope held out by a new report from the University of Exeter's Global Systems Institute. Professor Tim Lenton, founding director of the institute, promises a “cascade” of progress from strategic policy moves that can trigger more positive changes. These are faster adoption of clean electricity, transformation of food supply chains, protection of designated marine areas, accelerated shift to clean cooking, and most significantly, building investor and political confidence in such moves. Despite announcing schemes galore, India has miles to travel along each of these paths. The accelerant could be convincing the private sector that investing in climate solutions—through social responsibility funds or otherwise—would be good for their own business