New Delhi: Following its blockbuster IPO in October 2024, South Korean automaker Hyundai Motor India Limited (HMIL) has announced a leadership change, with Tarun Garg, a seasoned automobile industry veteran succeding Unsoo Kim. This is the first time that Hyundai has appointed an Indian to the post of MD and CEO. Earlier, working as the Chief Operating Officer, Garg had joined Hyundai Motor in December 2019 as Director of Sales, Marketing and Service. In the past seven years, he has played a key role in strengthening Hyundai’s premium positioning, especially its SUV portfolio with its ever-popular Creta brand. For Garg,…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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New Delhi: India is planning to move beyond the traditional subsidy model to boost exports, as it looks to evaluate exporters based on their consistency, compliance and overall growth to India’s export ecosystem. Under the Goverment’s New Trade Policy, the Director General of Foreign Trade (DGFT) is looking to evaluate exporters as per their Importer Exporter Code (IEC). The IEC, a unique 10 digit code issued to exporters will be evaluated over a five year period to create an index that could judge their performance. The data is expected to be complied over the next year to support the “acceleration…
New Delhi: The Ministry of Defence (MoD) has announced new contracts worth ₹4,666 crore for state-of-the-art battle carbines (lethal guns for soldiers) and torpedoes for the Indian Army and Navy. On Tuesday, December 30, 2025, the MoD awarded contracts for these requirements in the presence of Defence Secretary Rajesh Kumar Singh at South Block, New Delhi. Under the first contract worth ₹2,770 crore, over 4.25 lakh Close Quarter Battle (CQB) Carbines and their accessories will be procured for the Indian Army and Navy. The contract has been awarded to Bharat Forge and Adani Enterprises-backed PLR systems, with deliveries expected to…
New Delhi: The Finance Ministry has imposed an 11-12% tariff on select steel products from select countries, including China, Vietnam and Nepal, as cheaper steel imports were impacting the market share of domestic players. The “recent, sudden, sharp, and significant increase in imports of subject goods into India has caused and threatens to cause serious injury to the domestic industry/producers of subject goods”, the order released by the government said. The move comes after Indian steel players, represented by the Indian Stainless Steel Development Association (ISSDA) filed a petition with the Directorate General of Trade Remedies (DGTR) in August 2025…
Hyderabad: Palred Technologies’ affordable consumer electronics brands pTron has expanded its portfolio to include affordable automotive accessories, targeting new age car owners looking for feature rich yet budget-friendly car accessories. The Hyderabad-based brand has launched two portable car vacuum cleaners- Neo Vac X1 and Neo Vac X2 and a wireless CarPlay adapter- Car Sync aimed at enhancing in-car convenience. These additions are aimed at enhancing pTron’s market share in the consumer electronics sector, especially as intense competition in the space forces brands to expand to newer categories. pTron is looking to offer these products across platforms- its website, Amazon India…
Mumbai: Diversified Jaipur-based conglomerate Saboo Sodium Chloro Ltd (SSCL) has announced plans to develop a 150-key 5-star resort near Maharashtra’s Tadoba National Park. This is the company’s third land acquisition for 2025, as the company moves towards developing 5-star luxury resorts in Jawai and Udaipur as well. According to an exchange filing, Saboo Sodium aims to develop the luxury resort in a location popular with wildlife tourists and nature enthusiasts. The resort will consist of 2 signature restaurants, a bar, multiple pools, an observation tower, nature walks, luxury conferencing spaces, recreational activities, a gymnasium, a kids zone and a private…
New Delhi: India has now become the world’s fourth largest economy, leapfrogging Japan and behind the US, China and Germany with its GDP reaching $4.18 trillion. According to a press note released by the government, India’s GDP expanded by 8.2 per cent in the second quarter of FY2025-26, marking a six-quarter high. Despite the challenges with the unreasonable 50% tariffs put forth by the Trump administration, India’s exports have managed to grow reasonably, despite the slowing global demand. India has also seen a boost in domestic consumption, partly credited to the GST 2.0 reforms post Diwali and the once-in-a-decade deflation…
Struggling chipmaker Intel, which once powered nearly every personal computer in the market, is set to receive a $5 billion investment from Nvidia, which is aiming to purchase roughly 4% in its stock. This investment is seen as a hedge for Nvidia’s supply chain, as Intel will design and manufacture its custom x86 CPUs for Nvidia’s AI server platforms, a crucial component for AI data server processing. This development comes at a time when Intel has struggled to keep pace with the AI-led tech revolution, with the company’s CEO Lip-Bu Tan trying to do everything he can to restore the…
A fairly popular altcoin, Ripple, also referred to by its code XRP, has come under sharp selling pressure, sliding to around $1.86 as investors begin to redeem their investments in line with the declining interest in cryptocurrencies. According to crypto market data, XRP has lost momentum after failing to sustain its gains beyond the $2 mark earlier in December 2025. Analysts have noticed that once the crucial support levels give way, many investors choose to sell their shares for the short term. The pullback comes at a time when there seem to be no positive triggers in sight, with almost…
Singapore: Mark Zuckerberg-led Meta Platforms has acquired general purpose AI agent developer Manus, as part of the company’s plans to aggressively invest into artificial intelligence. The startup, founded in China, is now based in Singapore, becoming one of the hottest startups in the AI realm. In a move that has raised eyebrows, the startup has claimed to scale to more than $100 million in revenue within just eight months, an unprecedented scale-up that has defied expectations. Mark Zuckerberg has been aggressively scaling up his AI capabilities lately, first acquiring a 49% stake in data labelling startup Scale AI for $14.3…
