Business

New Delhi: The Central Consumer Protection Authority (CCPA), the government body under the Ministry of Consumer Affairs, has imposed a fine of ₹11 lakh on Vision IAS (Ajay Vision Education Pvt. Ltd.) for publishing misleading advertisements on its website. The action comes under the Consumer Protection Act, 2019 and relates to the results of the UPSC Civil Services Examination (CSE) 2022 and 2023. Misleading Claims HighlightedAccording to the CCPA, Vision IAS advertised claims such as: “7 out of Top 10 and 79 out of Top 100 in CSE 2023” “39 out of Top 50 in CSE 2022” The advertisements prominently displayed names, photographs, and ranks of successful candidates. However, investigations revealed that most of these candidates were not enrolled in the Foundation Classroom Course...

New Delhi: India’s electric vehicle (EV) market is witnessing a remarkable surge. Despite subsidies being reduced by half under the PM E-Drive scheme, a total of 11.3 lakh EVs were sold nationwide, signaling that electric mobility is increasingly becoming the preferred choice for consumers. Strong Growth Under PM E-DriveAccording to a report by the Council on Energy, Environment and Water (CEEW) Green Finance Centre, the PM E-Drive scheme has boosted EV sales to 3.4 times the annual numbers under the FAME-2 program, even with reduced incentives. This clearly indicates a shift in consumer preference toward electric mobility, marking a significant transformation in India’s automotive sector. EVs Now 7.5% of Total Vehicle SalesWhile only 2,000 electric vehicles were sold in 2014–15, the...

New Delhi: The Indian aviation sector is poised for a landmark moment in 2026, as two state-of-the-art aircraft—the A350-1000 and A321-XLR—are set to land on Indian soil for the first time. Both aircraft feature advanced fuel efficiency and produce nearly 50% less noise, promising passengers an exceptional flying experience. Notably, no Indian airline currently operates these models. IndiGo Introduces A321-XLRIndiGo’s new A321-XLR is expected to arrive in Delhi from Toulouse, France, during the first week of January 2026. The airline will deploy it on its direct flights to Athens, marking the first-ever direct connection between India and the Greek capital. The aircraft will offer business and economy class seating, operating from Delhi and Mumbai to Athens. Air India’s Game-Changer:...

Mumbai: Jaipur-based spice manufacturer Shyam Dhani Industries concluded its SME IPO on 24 December 2025, closing with an astonishing 988 times over-subscription. The IPO, with an issue size of ₹38.5 crore, received bids worth ₹25,000 crore, signaling strong investor confidence. Record-Breaking SubscriptionOver the three-day IPO period, Shyam Dhani Industries received 6,22,097 applications for 361.55 crore shares, while the company had announced only 36.58 lakh shares for sale. This makes it the most subscribed SME IPO of 2025 and the fifth most subscribed SME IPO ever in India. The Grey Market Premium (GMP) for the IPO surged to 100%, indicating that the shares could list at double the issue price on the stock exchange. SME IPO Investor Demand Remains StrongInvestor enthusiasm fo...

New Delhi: The Indian government has set an ambitious goal to make India a developed nation by 2047. In 2025, several key economic reforms were implemented to pave the way for sustainable growth, including GST 2.0, income tax relief, and the Labour Code. Experts suggest that continuing this reform momentum will be critical in the upcoming year. Income Tax and GST ReformsThe government announced significant income tax relief in the Budget, including exemptions for annual earnings up to ₹12 lakh, aimed at boosting consumption. On 15 August, Prime Minister Narendra Modi unveiled GST 2.0 reforms, followed by the implementation of reduced GST rates in September. Limiting GST to 5% and 18% resulted in record Diwali sales exceeding ₹6 lakh crore and streamlined the GST registration process. ...

New Delhi: Train travel across India has become more expensive starting today. The Ministry of Railways has officially announced a hike in fares for long-distance passenger trains, effective immediately. Local trains and short-distance commuters remain unaffected by this change. Details of the Fare HikeFor journeys over 215 kilometers in the ordinary class, fares will increase by 1 paisa per kilometer. For example, a 500-kilometer non-AC journey will now cost an additional ₹10. AC and non-AC coaches of mail and express trains will see an increase of 2 paisa per kilometer. This marks the second fare hike in 2025, following the July revision. The fare adjustment is expected to generate an additional ₹600 crore in revenue for the current financial year. Local trains, monthly season tick...

New Delhi: With UPI payments growing rapidly across India, incidents of users being misled by “dark patterns” or hidden charges have also surged. To tackle this, the National Payments Corporation of India (NPCI) has introduced stringent measures to monitor recurring charges and give users better control over their subscriptions. The Unified Payments Interface (UPI) auto-pay feature can now be tracked more effectively. NPCI has launched a centralized portal — upiphelp.npci.org.in — enabling users to view and manage all their UPI auto-pay settings in one place. This initiative targets e-commerce platforms that previously trapped users in auto-pay subscriptions, making it difficult to track or cancel recurring payments. The move follows an NPCI circular issued on 7 October 2025. All UPI...

New Delhi: The Food Safety and Standards Authority of India (FSSAI) has issued a stern warning to companies operating in the food and beverage sector. The regulator emphasized that beverages made from herbs and plant-based infusions should not be labeled as “tea” unless they are prepared from the actual tea plant, Camellia sinensis. In its directive released on Wednesday, FSSAI highlighted that many companies are selling products under names like “Rooibos Tea,” “Herbal Tea,” and “Flower Tea,” even though none of these products are derived from the tea plant. The authority clarified that such labeling is misleading and provides incorrect information to consumers. The directive applies to e-commerce platforms, manufacturers, packagers, marketers, and traders involved in producing, sell...

Former Chief Economic Adviser (CEA) Arvind Subramanian has clarified that his resignation was not due to any friction with the government but simply the natural conclusion of his tenure. While acknowledging some ideological differences, he stressed that they were not the reason for stepping down. Subramanian shared these insights during a discussion on his book, A Sixth of Humanity. Ten Messages a Day to Arun JaitleyReflecting on the GST rollout, Subramanian revealed the intensity of his involvement: “During GST implementation, I would message Arun Jaitley ten times a day, urging him that the 28% slab should never exist. I recommended a simpler structure with a small 6-8% slab, a 15-16% slab, and a higher 40% slab only for sin goods like tobacco and cigarettes.” He expressed disappoi...

In January 2023, U.S.-based short-selling firm Hindenburg Research published a report accusing the Adani Group of accounting irregularities and market manipulation. While the allegations led to a sharp decline in Adani’s stock prices, the group consistently denied the claims. Since then, the conglomerate has successfully executed 33 acquisitions worth nearly ₹80,000 crore ($9.6 billion), signaling robust capital availability and strategic expansion. Focus on Core BusinessesThe acquisitions primarily targeted Adani Group’s core sectors. Market data and company sources reveal that the largest deals were in ports (₹28,145 crore), followed by cement (₹24,710 crore) and power (₹12,251 crore). Emerging businesses accounted for ₹3,927 crore, and transmission and distribution for ₹2,544 crore. ...