Honda aims to capture 30% of India's two-wheeler market by 2030, recognizing the country's crucial role in its global growth strategy. The company sees significant potential in targeting female consumers, who currently represent only 10% of sales. While optimistic about electric vehicles, Honda acknowledges infrastructure challenges and plans a dedicated EV production plant in India by 2028.
Related news
Jensen Huang, Nvidia CEO, lauded China's AI contributions at a Beijing expo. He highlighted DeepSeek's efforts and China's rapid innovation. Nvidia will resume H20 chip sales to China after US assurances. This news boosted global tech markets, with Nasdaq reaching a record high.
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.
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.
NLC India, a state-owned enterprise, is in advanced talks with a Russian entity to secure lithium from a mine in Mali, Africa, a crucial move for India's energy transition. This initiative aligns with India's strategy to ensure consistent lithium supplies for its clean energy goals, particularly for electric vehicle batteries.
Following the release of the AAIB's preliminary report on the Air India 171 crash, pilot associations ALPA and ICPA have voiced strong objections. ALPA criticizes the report's procedural flaws and perceived bias towards pilot error, while ICPA condemns speculative narratives suggesting pilot suicide.
US wholesale inflation remained flat in June, despite concerns over President Trump's tariffs. The producer price index showed a 2.3% year-on-year increase, the smallest since September. While some sectors saw tariff impacts, like furniture, others, such as steel, defied expectations. Retailers are feeling the squeeze, and the Federal Reserve is monitoring the impact on inflation.
Eternal's shares surged nearly 15% following a strong quarterly revenue report, driven by Blinkit's impressive growth, which surpassed Zomato's for the first time. Blinkit's net order value rose 127% year-on-year, reaching Rs 9,203 crore. Analysts have raised price targets and upgraded ratings, citing Blinkit's growth and improved margins.
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.
Prime Minister Narendra Modi is set to visit London on July 24 to sign a free trade agreement with the United Kingdom, accompanied by Commerce Minister Piyush Goyal. The FTA, finalized on May 6, aims to boost bilateral trade to $120 billion by 2030 by eliminating duties on key exports and reducing import tariffs.
CoinDCX is investigating a security breach of an internal operational account, assuring customers that their funds are safe. Blockchain experts detected suspicious fund transfers, estimating a loss of around $44 million. The exchange has isolated the affected account, is working with cybersecurity firms, and will cover the loss from its treasury while tracing the funds.