Category Archives: Business

Tata Motors targets 1 million commercial vehicle sales post Iveco deal: N Chandrasekaran

June 29: Tata Motors is targeting annual commercial vehicle sales of 1 million units following its acquisition of Iveco, Tata Sons Chairman N Chandrasekaran said, highlighting the company’s ambition to strengthen its global presence in the CV segment.

The acquisition is expected to significantly expand Tata Motors’ international footprint and enhance its capabilities in product development, technology integration, and market reach across key global regions.

According to the company, the combined strengths of Tata Motors and Iveco will help create a more competitive and diversified commercial vehicle portfolio, enabling better access to advanced technologies and global supply chains.

The strategy aims to position Tata Motors as a leading global player in the commercial vehicle industry by leveraging synergies in manufacturing, innovation, and operational efficiency.

Industry observers noted that the move could accelerate Tata Motors’ transformation into a global mobility solutions provider while strengthening its long-term growth prospects in the commercial vehicle segment.

Gujarat plans Chhota Udepur sports hub, Vadodara Blue Economy centre

June 29: The Gujarat government has announced plans to develop Chhota Udepur as a sports equipment manufacturing hub and Vadodara as a centre for the Blue Economy, Deputy Chief Minister Harsh Sanghavi said.

The initiative aims to promote balanced regional development while strengthening the state’s industrial ecosystem through sector-specific growth clusters and targeted infrastructure development.

Chhota Udepur will be developed to support sports goods manufacturing, with a focus on boosting MSMEs, skill development, and employment generation. Officials said the move is expected to strengthen local entrepreneurship and integrate the district into broader manufacturing value chains.

Vadodara will be positioned as a hub for the Blue Economy, focusing on water-based resources, sustainable industries, and allied sectors. The plan aims to attract investment and encourage environmentally sustainable economic activity.

The government said these initiatives are part of its broader strategy to promote specialised industrial zones, attract investments, and generate employment opportunities across regions.

Experts noted that such focused development models can enhance regional competitiveness while supporting industrial diversification and long-term sustainable growth in Gujarat.

Global economic fragmentation could wipe out Dollar 6.9 trillion from world GDP: WEF

June 29: Global economic fragmentation could lead to a substantial loss in economic output, potentially cutting up to $6.9 trillion from world GDP, according to the World Economic Forum (WEF).

The report highlights that rising geopolitical tensions, increasing trade barriers, and shifting global alliances are contributing to a more divided global economic system. This fragmentation is expected to disrupt supply chains, reduce trade efficiency, and slow down global productivity growth.

According to the WEF, a fragmented global economy may also raise costs for businesses, limit access to critical technologies, and weaken cross-border investment flows. These challenges could have a widespread impact on both developed and emerging economies.

Emerging markets, which are more integrated into global supply chains, may face heightened vulnerability, while advanced economies could also experience slower growth due to reduced international cooperation and trade integration.

Experts stressed the need for stronger global coordination, resilient supply chains, and open trade frameworks to reduce the risks of fragmentation and support long-term economic stability and growth.

Auto sector poised for steady growth; 2W and PV demand to remain strong in June 2026: Report

June 29: The automobile sector is expected to maintain steady growth momentum, with two-wheelers (2W) and passenger vehicles (PV) projected to post healthy performance in June 2026, according to a recent report.

The report highlighted that stable macroeconomic conditions, improving consumer confidence, and consistent demand across both rural and urban markets are supporting the sector’s growth outlook. Seasonal trends and continued recovery in mobility demand are also contributing to sustained sales performance.

Two-wheeler demand is likely to benefit from improving rural income levels and affordability, while the passenger vehicle segment continues to gain from strong product offerings, new model launches, and sustained interest in personal mobility.

Automakers are expected to focus on disciplined production, inventory optimisation, and timely product introductions to maintain growth stability and meet evolving consumer preferences.

Industry analysts said the auto sector remains well-positioned for steady expansion, supported by structural demand drivers, rising penetration in semi-urban markets, and ongoing shifts in consumer mobility needs.

Maruti Suzuki ties up with five startups to drive innovation and customer focus

June 29: Maruti Suzuki has entered into partnerships with five startups to strengthen innovation, improve operational efficiency, and enhance overall customer experience across its automotive ecosystem.

The collaborations aim to bring in new-age technologies and digital solutions that can streamline internal processes, improve productivity, and upgrade customer-facing services. The initiative underscores the company’s focus on working with emerging technology players to accelerate digital transformation.

According to the company, the startups will contribute in areas such as process optimisation, digital platforms, and customer engagement solutions, helping make operations more efficient and services more seamless for users.

The partnerships are also expected to support Maruti Suzuki’s broader strategy of integrating advanced technologies into manufacturing and service systems, thereby improving quality, speed, and convenience for customers.

Industry observers said such startup collaborations reflect a growing trend in the automobile sector, where established companies are increasingly leveraging external innovation to meet evolving customer expectations and technological shifts.

Karnataka proposes Bengaluru–Lima sister-city pact to boost India–Peru trade

June 29: The Karnataka government has proposed establishing a sister-city partnership between Bengaluru and Lima to strengthen bilateral trade and economic cooperation between India and Peru, with an ambitious goal of expanding trade to $10 billion in the coming years.

The proposed pact aims to enhance collaboration in key sectors such as technology, innovation, startups, education, and urban development. Officials said the initiative is designed to leverage Bengaluru’s position as India’s leading technology hub and Lima’s growing role as a commercial centre in South America.

Under the framework, both cities are expected to explore opportunities for knowledge exchange, business partnerships, and investment facilitation. The partnership would also encourage cooperation between startups, research institutions, and industry bodies in both regions.

State representatives said the proposal reflects Karnataka’s broader strategy to expand its global footprint and attract international investment while promoting cross-border collaboration in emerging sectors.

Experts noted that the sister-city arrangement could serve as a catalyst for deeper India–Peru economic engagement, supporting trade diversification and strengthening long-term diplomatic and commercial ties between the two countries.

EBC Financial Group and the University of Oxford’s Department of Economics Renew Partnership on Public Economic Education

Three-year collaboration to broaden access to economic research through the What Economists Really Do webinar series

LONDON, 29 JUNE 2026 – EBC Financial Group (EBC) has renewed its strategic partnership with the Department of Economics at the University of Oxford for a further three years, extending a collaboration that helps bring economic research to wider public audiences around the world.

As part of the renewed partnership, EBC will sponsor one annual edition of the Department’s What Economists Really Do webinar series, helping to share economic research and insights with students, researchers, alumni and wider public audiences. To help extend the reach of the webinar, selected insights and discussion points will also be adapted into short social media videos, offering accessible summaries of key ideas for wider online audiences.

Since the partnership began, EBC-sponsored editions of What Economists Really Do have explored a range of pressing global issues, including tax evasion, climate change, and financial literacy. Each webinar typically attracts around 200 live attendees. Together, the recorded sessions have generated more than 3,600 views, demonstrating sustained audience engagement beyond the live events themselves.

The partnership reflects a shared commitment to widening access to economic knowledge and supporting informed public engagement with economic issues, while fostering informed discussion on topics ranging from macroeconomic policy and financial markets to regulation and global economic development.

It also supports the Department’s wider commitment to public engagement by helping make academic research accessible beyond the university community.

This initiative forms part of EBC’s broader commitment to corporate social responsibility, focused on removing barriers to education and fostering long-term societal impact. By connecting academic excellence with real-world application, EBC continues to support wider access to economic education and public engagement.  

“In today’s rapidly evolving global economy, access to reliable financial knowledge is more important than ever. Our continued partnership with the Department of Economics at the University of Oxford reflects EBC’s commitment to empowering individuals with the insights and tools needed to make informed decisions, while supporting the development of future talent that will shape the financial systems of tomorrow”, said Christopher Stiegeler, Executive Director, EBC Financial Group (Cayman) Limited.

Stiegeler added, “Beyond our partnership with the Department of Economics at Oxford, EBC continues to champion financial education among the next generation through on-campus initiatives, academic collaborations, and memorandums of understanding with institutions worldwide. These collaborations include the National Autonomous University of Mexico (UNAM), the International University of Ulaanbaatar (IUU), Monterrey Institute of Technology and Higher Education (Tecnológico de Monterrey), Escuela Bancaria y Comercial in Mexico, and the Autonomous University of Bucaramanga (UNAB). Our teams are also actively exploring similar partnerships with additional institutions of higher learning globally.”

Professor Johannes Abeler, Head of the Department of Economics at the University of Oxford, commented: “Public engagement and education are central to the Department’s mission. Through initiatives such as What Economists Really Do, we seek to show how economics can contribute to better policy and a deeper understanding of the issues shaping our world. We are pleased to continue our partnership with EBC Financial Group, whose support helps us broaden access to economic knowledge and extend the reach of our educational activities to new audiences around the world.”

Over the next three years, the partnership will continue to connect academic research with wider public audiences, helping ensure that economic insights remain accessible, relevant and impactful in an increasingly complex global environment.

India values Seychelles ties as trusted partner: PM Modi at National Day event

Pic Credit: https://x.com/PMOIndia 

June 29: India is proud to stand as a trusted friend and reliable development partner of Seychelles, Prime Minister Narendra Modi said while attending the country’s National Day celebrations. He reaffirmed India’s commitment to further strengthening bilateral relations and expanding cooperation across multiple areas of shared interest.

Speaking at the event, the Prime Minister highlighted the deep-rooted historical, cultural, and maritime links between India and Seychelles. He noted that the partnership between the two countries has steadily grown into a strong and multifaceted relationship focused on mutual trust, regional stability, and sustainable development.

PM Modi emphasized India’s continued support for Seychelles in key sectors such as maritime security, capacity building, healthcare, education, infrastructure, and disaster response. He said India remains a dependable partner in the Indian Ocean region, committed to peace, prosperity, and inclusive growth.

He further underlined that Seychelles holds an important place in India’s vision for regional cooperation under initiatives such as ‘Neighbourhood First’ and ‘SAGAR’ (Security and Growth for All in the Region), which aim to strengthen ties with maritime neighbours and island nations.

The Prime Minister also stressed the importance of joint efforts in addressing global challenges, including climate change, environmental protection, and maritime security. He expressed confidence that India and Seychelles will continue to deepen their partnership and enhance people-to-people connections in the years ahead.

India’s energy resilience helps blunt impact of West Asia tensions

June 29: India’s steadily built energy infrastructure over the past decade has helped the country absorb external shocks arising from recent tensions in West Asia, ensuring stability in fuel supply and shielding consumers from sharp price volatility.

Despite fluctuations in global crude oil markets triggered by geopolitical uncertainty, India managed to maintain steady availability of petroleum products across domestic markets. This stability was supported by long-term policy measures focused on energy security, diversified import sourcing, and improved logistics and refining capacity.

Over the years, India has significantly broadened its crude oil import basket, reducing dependence on any single region. This diversification strategy has played a key role in cushioning the impact of supply disruptions and price swings in global energy markets.

Strengthened infrastructure, including expanded refining capabilities, strategic petroleum reserves, and upgraded transport and distribution networks, has improved the country’s ability to respond quickly to external shocks and maintain uninterrupted supply chains.

Policy mechanisms and calibrated market interventions have also helped prevent extreme fluctuations in domestic fuel prices, reducing inflationary pressure on households and businesses during periods of global volatility.

Analysts note that India’s experience highlights the importance of sustained investment in energy resilience. They add that continued focus on diversification, efficiency, and renewable energy expansion will further strengthen the country’s long-term energy security and economic stability.

Omaxe Announces Dedicated Hospitality Vertical with Rs. 6,200 Crore Investment