Madison to invest in Indian residential projects

Bajaj Auto to Raise Monthly Electric 2W Capacity to 80,000 by March

Bajaj Auto plans to raise monthly production capacity for electric two-wheelers to around 80,000 units by the end of March, as demand for its Chetak electric scooter continues to exceed available output. The company currently has capacity for around 60,000 electric two-wheelers a month. Joint Managing Director Rakesh Sharma said production had returned to the existing full capacity after a supply chain disruption affected output. The issue had reduced recent production to around 40,000 units, resulting in a shortfall of 20,000 vehicles despite strong demand. The company expects to remove produ..

India’s Domestic Air Passenger Traffic Falls 6.5% in September

India’s domestic air passenger traffic declined 6.49 per cent month on month to 11.8 mn in September, according to data released by the Directorate General of Civil Aviation (DGCA). IndiGo retained its leading position, carrying nearly two-thirds of domestic passengers, while the Air India Group remained the second-largest operator. IndiGo held a 65.4 per cent market share and transported 7.73 mn passengers during the month. The Air India Group accounted for 26.8 per cent of the market, carrying 3.165 mn passengers, based on data from the aviation regulator. Akasa Air ranked third with a 5.6..

DPIIT Advances Trust-Based Governance Across India

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is shifting India’s regulatory approach from permission-based administration to trust-based governance. The reforms seek to reduce business compliance, support startups, attract investment and simplify approvals across the country. According to an official statement, 47,957 compliance requirements have been reduced across Central Ministries and States and Union Territories. Of these, 22,290 have been digitised, 16,141 simplified, 5,255 decriminalised and 4,271 eliminated. The Jan..