VinFast Auto India is gearing up for its Indian market entry by partnering with 13 dealer groups to establish 32 dealerships across 27 cities. Aiming for 35 dealerships by 2025, this move supports the launch of VinFast's electric SUVs. Pre-booking for the VF 6 and VF 7 models starts on July 15.
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The government is preparing to establish the 8th Central Pay Commission. Consultations are underway with various ministries and state governments. This commission will revise the pay for central government employees and pensioners. The 8th CPC is expected to be implemented from January 1, 2026. The government revises dearness allowance twice a year to adjust for inflation.
Prada has refuted claims of violating Geographical Indication (GI) rights linked to Kolhapuri chappals after showcasing sandals inspired by the traditional Indian footwear. The luxury fashion house responded to a legal notice from LIDKAR, asserting that their sandals were simply described as 'leather sandals' without any reference to the Kolhapuri region or techniques.
India has emerged as a global leader in real-time digital payments, primarily driven by the Unified Payments Interface (UPI). Launched in 2016, UPI has revolutionized India's payment ecosystem, processing over 18 billion transactions monthly and accounting for 85% of the country's digital payments.
India is poised to produce its first commercial-scale, domestically manufactured semiconductor chip this year, marking a significant step in its semiconductor ambitions. IIT students have designed 20 chipsets, with eight already in the final design stage. The government's support through the India Semiconductor Mission and advancements in AI further bolster India's technological progress.
India's tax administration has seen significant improvements, leading to a five-fold increase in income tax refunds and a reduction in processing time from 93 to 17 days. Direct tax collections have tripled in the last decade, reflecting increased formalization and voluntary participation.
RBI's new directive allows banks to accept voluntary gold and silver pledges for agricultural and MSME loans up to Rs 2 lakh, even within collateral-free limits. This aims to enhance financial inclusion in rural areas where gold is a liquid asset, enabling faster loan processing and reducing reliance on informal lenders.
Eternal, parent of Zomato and Blinkit, sees net profit decline by 90% in Q1FY26. Revenue increases 70% to Rs 7,167 crore. The drop in profit is due to investments in quick commerce. Total expenses rise 15% YoY. Quick commerce NOV exceeds food delivery NOV. Hyperpure revenue rises 89% YoY. The company anticipates a temporary de-growth in B2B segment.
Improving your credit score is crucial for financial well-being. Paying bills on time, using secured loans wisely, and managing credit utilization are key strategies. Frequent EMI conversions and taking on new debt to cover old debts can negatively impact your score.
Following the Air India Flight AI171 crash in Ahmedabad, Boeing has pledged its support to the ongoing investigation led by the Aircraft Accident Investigation Bureau. The preliminary report reveals a dual engine failure shortly after takeoff, leading to the tragic crash that claimed 260 lives.
The Trump administration has announced new flight restrictions from Mexico, potentially ending the Delta-Aeromexico partnership in response to Mexico's limits on flights into Mexico City. Transport Secretary Sean Duffy cited unfair advantages for Mexican carriers due to the redirection of flights to Felipe Angeles International Airport.