New Delhi, Aug 19 (IANS) South Korean auto major Hyundai Motor India Limited on Wednesday announced that it will increase vehicle prices by up to 1 per cent across its portfolio, effective September 2026, citing rising input and commodity costs, higher operational expenses and continuing geopolitical and macroeconomic uncertainties.According to a stock exchange filing, the quantum of the price increase will vary depending on the model and variant.”The company has planned to increase the prices o…

New Delhi, Aug 19 (IANS) The Food Safety and Standards Authority of India (FSSAI) on Wednesday said that five food business operators (FBOs) have taken corrective action and withdrawn misleading “100 per cent” claims from their products, packaging, websites and promotional materials following regulatory intervention.FSSAI said it has initiated action to ensure that the term “100 per cent” is not used on food product labels, packaging, websites, promotional or advertising materials in a m…

New Delhi, Aug 19 (IANS) India’s smartphone market remained under pressure during April-July 2026, as continued price hikes and cautious consumer spending weighed on demand, as Apple recorded the strongest sales growth during the period, increasing 15 per cent (year-on-year), driven by sustained demand for the iPhone 17 series and continued affordability offers, a report showed on Wednesday.According to Counterpoint Research’s ‘India Weekly Smartphone Sellout Tracker’, weekly sales durin…

New Delhi, Aug 19 (IANS) Indian automobile manufacturers delivered a broadly resilient performance in the first quarter despite a challenging cost environment with most two-wheeler makers limiting margin erosion through pricing actions and cost controls, a report said on Wednesday.According to an analysis of HSBC Global Investment Research, most two-wheeler original equipment manufacturers (OEMs) reported only minimal margin contraction during the quarter, reflecting effective management of risi…

Mumbai, Aug 19 (IANS) Benchmark equity indices extended their losing streaks on Wednesday, with the Nifty declining for the seventh consecutive session and the Sensex falling for the fourth straight day amid weakness across global equity markets.The Nifty declined 76.60 points, or 0.32 per cent, to settle at 24,078.30, while the Sensex fell 325.78 points, or 0.42 per cent, to close at 76,909.68. With Wednesday’s decline, the Nifty posted its longest losing streak since September 2025.Commentin…

New Delhi, Aug 19 (IANS) India’s vehicle finance market entered a phase of more segmented growth, led by commercial vehicle and used‑car lending, premiumisation in auto financing and rising penetration beyond major cities, a report said on Wednesday.The report from CRIF High Mark identified commercial vehicle loans as the growth engine with a 20.1 per cent five‑year compound annual growth rate between June 2021 and June 2026.Used‑car loans grew fastest at 26.2 per cent five‑year CAGR, …

New Delhi, Aug 19 (IANS) India’s third‑party (3PL) logistics sector became the dominant occupier in the country’s warehousing market, recording cumulative gross absorption exceeding 110 million sq. ft between 2021 and the first half of 2026, a report said on Wednesday.The report from JLL said the sector maintained a consistent share of gross warehousing demand, ranging between 28 per cent and 42 per cent across the period, and accounted for 11.1 million sq. ft of absorption in H1 2026 alon…

New Delhi, Aug 19 (IANS) West Bengal can significantly accelerate its industrialisation by adopting a cluster-based, technology-intensive and export-oriented manufacturing strategy that leverages its strong human capital, industrial base, infrastructure and strategic location, a report said on Wednesday.The report by the PHD Chamber of Commerce and Industry (PHDCCI), “West Bengal: Mapping Agriculture and Industrial Investment Opportunities”, said the State’s existing advantages in engineer…

New Delhi, Aug 19 (IANS) India’s international tax framework is at a critical juncture and the country needs to balance protection of its tax base with policy stability, predictability and certainty for global investors, Monica Bhatia, Principal Chief Commissioner of Income Tax (International Tax), said on Wednesday.Addressing the 23rd International Tax Conference organised by ASSOCHAM here, Bhatia said the Supreme Court’s Tiger Global judgment, the new Income-tax Act, evolving dispute-resolutio…

New Delhi, Aug 19 (IANS) Samsung is likely to increase the prices of its latest foldable smartphones in India, including the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8, as rising memory chip costs put pressure on smartphone makers, leading retailers and industry analysts said.The new Samsung foldables, priced between Rs 1.25 lakh and Rs 2.6 lakh, have received an unprecedented response in India. Samsung India said nearly 2.71 lakh consumers pre-ordered the three devices within just …