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2 Min Read The government has recently directed the e-commerce sites to remove all drinks and beverages from the ‘Health Drink’ section, stating that there is no such thing as ‘health drink’ defined under the country’s food and safety standards laws. While this will not impact the manufacturers much they might have to work on their packaging again without misleading consumers.
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2 Min Read The government has recently directed the e-commerce sites to remove all drinks and beverages from the ‘Health Drink’ section, stating that there is no such thing as ‘health drink’ defined under the country’s food and safety standard laws. While this will not impact the manufacturers much if they have used such terms for advertising they have to work on their packaging again without misleading consumers.
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2 Min Read Recently Lancet has criticised India’s health data transparency to which government officials have responded stating that India has a robust system of documenting births and deaths under the Registration of Births and Death Act 1969 through the Civil Registration System. They also said that more than 90% of births and deaths were registered online on the state or national portals.
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The Indian passenger vehicle segment record sale of over 42 lakhs in FY2024. This figure has increased 8.22% over FY2023(3.89 million units). UVs, which comprise of SUVs and MPVs, continue to be the highest contributor this year too. SUVs accounted for 51% of the overall PV wholesales in FY23. Maruti leads in sale of passenger vehicle with over 17 lakh, Hyundai and Tata are second and third, respectively.
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As per reports by Business Line Tesla is engaged in discussions with Reliance Industries Limited (RIL) for a potential joint venture to set up a electric vehicle manufacturing facility in India. According to an insider familiar with the matter, these talks have been in progress for over a month. However, the source emphasised that this should not be concluded as RIL's entry into the automobile sector. Rather, RIL aims to bolster electric vehicle capabilities in India through this partnership.
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Tesla will send a team from the United States to India by late April to scout sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday. The company reportedly plans to enter India at a time when EV demand is slowing in its main markets of the U.S. and China while competition there is heating up. The EV maker will focus on Indian states that have automotive hubs.
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Royal Enfield’s electric bike to target premium buyers as it plans to extend its premium positioning to the electric segment too. Royal Enfield gets ready to launch its maiden electric motorcycle in 2025. However, unlike its present lineup targeting a limited addressable market, the company will not restrict itself to a few segments but will have a wider offering of EVs.
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2 Min Read Ola Electric has drastically reduced prices of S1X scooter. The S1X series now comes with three battery configurations – 2kWh, 3kWh, and 4kWh with price at Rs 69,999, Rs 84,999 and Rs 99,999 respectively. As per reports by TOI the company says the deliveries for the S1X models will begin across the nation starting from next week. Ola Electric also has updated pricing of other models.
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2 Min Read India witnessed record-high electric two-wheeler sales in March 2024 and the full financial year saw sales touch nearly 9,42,088 units up around 30% YoY. The surge in electric vehicle (EV) two-wheeler sales is mainly on account of customers pre-buying coupled with year-end discounts. Industry observers and auto experts say that the registration numbers indicate 'market stabilisation' despite the FAME II subsidy coming to an end by March 2024.
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The Dubai-based IndiaLand, a local division of the Americorp Group is about to invest Rs 1500 crore in the the Indian real estate market in the next three years to increase its asset value to Rs 7000 crore from the current Rs 3000 crore in the next five years. IndiaLand plans to extend office spaces and industrial estate properties across Chennai, Pune and Coimbatore. Plans are also underway to acquire land in Bengaluru to develop Grade A standalone office spaces.
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2 Min Read Fuelled by urbanization, middle-class expansion, infrastructure development, significant foreign investments, and unwavering government support, experts think that the Indian real estate market might reach an all-time high. A recent report by Knight-Frank India-CII forecasts that by 2034, India’s real estate sector is expected to expand to $1.5 trillion, with the residential market-leading at a value of $906 billion, followed by the office sector at $125 billion.
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2 Min Read Despite a boom in development in the real estate sector, India’s housing rental market is still growing at an exponential rate. Many factors contribute to this growth - 15–20% climb in property prices post-pandemic, escalating home loan rates, the supply and demand imbalance in buyers and available housing units and more. The rise in rents, especially near central business districts is expected to soar higher.
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2 Min Read Danish start-up BeCause collaborates with WTTC, integrating the Hotel Sustainability Basics (HSB) framework into its platform to simplify sustainability tracking for hotels. The partnership aims to enhance transparency and efficiency, empowering hotels to meet sustainability criteria effectively. BeCause's AI-powered hub automates data transmission and mapping to various frameworks, streamlining certification processes.
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2 Min Read New US Department of Transportation rules mandate airlines to offer automatic refunds for canceled or significantly altered flights, aiming to streamline refund processes and enhance consistency. Passengers qualify for refunds under various circumstances, including flight time changes and downgrades. The regulations also require transparent communication of extra fees, aiming to save travelers money.
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2 Min Read Marriott Bonvoy's report reveals 73% of APEC Gen Zs and millennials plan multiple trips in 2024, prioritizing travel experiences. Survey shows willingness to cut daily expenses for travel, with a surge in loyalty membership. Young travelers seek hotels offering local experiences. Marriott's expansion in India reflects robust travel growth post-pandemic.
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2 Min Read The Ransomware Task Force (RTF) reports a surge in ransomware attacks, surpassing $1 billion in payments in 2023. Despite partial progress on recommendations, half remain unaddressed, urging a 'doubling down' on efforts. Key concerns include rising attacks on critical infrastructure, urging enhanced collaboration and financial commitment to deter ransomware.
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2 Min Read TikTok CEO Shou Zi Chew vows to fight US Senate's move to ban the app unless its Chinese parent company, ByteDance, divests within 270 days. Chew stresses TikTok's role in fostering community and voices of millions of Americans. The battle underscores concerns over data security and the ongoing tech rivalry between Washington and Beijing.
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2 Min Read Google postpones the phasing out of third-party cookies in Chrome until early next year, aiming to address concerns from U.K. regulators regarding its Privacy Sandbox initiative. The delay marks the third extension since 2020. Meanwhile, the Information Commissioner's Office reveals gaps in Google's proposed alternatives, potentially compromising user privacy.
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