The number of startups in India’s electric two-wheeler market has surged to over 150 from 54 in 2021, driven by government incentives to promote clean vehicles and cut oil imports, according to a new analysis. The influx has intensified competition in a segment expected to grow 15-20 times to annual sales of 15-20 million units … Read more
India, the world’s most populous democracy, is set to hold its next general election over a seven-phase period that will last 44 days. On March 16, the Indian Election Commission announced that Indians will head to the polls between April 19 and June 1, with the results declared June 4. Prime Minister Narendra Modi is … Read more
The National Payments Corporation of India, the firm that built the eponymous UPI rail in the country, approved Paytm’s application to participate in the payments ecosystem as a third-party application provider, delivering much-needed relief to the financial services firm that serves more than 300 million users and over 10 million merchants in the South Asian … Read more
India’s smartwatch market has transformed, seemingly overnight. For years, it has been dominated by its homegrown players, while global giants like Apple and Samsung have struggled for presence, amid the hundreds of millions of annual shipments. Suddenly, however, the category has been flooded with unknown brands, which have no prior and significant existence. These have … Read more
Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India: Anindito Mukerjee | Bloomberg | Getty Images Anindito Mukerjee | Bloomberg | Getty Images India’s booming tech sector has suffered a major blow as startup darlings Byju’s and Paytm plunge into … Read more
NEW DELHI — It could be the biggest party this small west Indian city has ever seen. As billionaire industrialist Mukesh Ambani prepares for the wedding of his young son this summer, he’s expecting billionaires from around the world, heads of state, and Hollywood and Bollywood royalty to attend a three-day bash in the family’s … Read more
NEW DELHI — Last year more than two dozen opposition parties in India came together to take on Narendra Modi, one of the country’s most popular prime ministers in generations. But the broad alliance, beset with ideological differences and personality clashes, is cracking at a crucial time, just months before the country votes in a … Read more
India’s central bank has extended the deadline for some business restrictions on Paytm’s Payments Bank to March 15 in “larger public interest,” dashing hopes of any major concessions but allowing extra time to comply. The Reserve Bank of India (RBI) said on Friday that Paytm Payments Bank will be barred from accepting deposits and facilitating … Read more
NEW DELHI — India’s top court on Thursday struck down a controversial election funding system that allowed individuals and companies to send unlimited donations to political parties without the need to disclose donor identity, a system critics have long said is undemocratic and favored Prime Minister Narendra Modi’s ruling party. A five-judge constitution bench on … Read more
DUBAI, United Arab Emirates — Indian Prime Minister Narendra Modi arrived Tuesday in the United Arab Emirates on his seventh trip to the nation, preparing to be feted by tens of thousands of his countrymen ahead of elections back home in the coming months. Modi was met on landing in Abu Dhabi by Emirati President … Read more