New Delhi, May 14 (IANS) The electric bus penetration in India is expected to rise from around 7 per cent currently to 35–40 per cent of annual bus sales by FY35, with public transport EV penetration projected to exceed 85 per cent over the same period, a new report showed on Thursday.India’s bus market, historically stable at 35,000–50,000 units annually, is entering a new phase of transition as electrification, government procurement programmes, and infrastructure investments, reshape th…
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New Delhi, April 17 (IANS) India’s construction market, currently valued at $685 billion in 2025, is projected to touch $1.2 trillion by 2034 at a CAGR of 6.9 per cent driven by sustained infrastructure investments and urban development, a report said on Friday.The report from Savills India and Hotelivate said that demand for offices remains robust, driven by GCC expansion and occupier preference for Grade-A, sustainable workspaces. Construction costs rose by 6.4 per cent–7.6 per cent, large…
New Delhi, April 6 (IANS) Moody’s Ratings on Monday maintained India’s sovereign credit rating at Baa3 with a stable outlook.In its latest report, the agency said India’s stable outlook reflects improving fiscal indicators since the pandemic and relatively resilient economic growth compared to other countries.It also noted that continued investments in infrastructure, digitalisation, and financial sector reforms have supported a steady recovery.However, Moody’s warned that rising geopoli…
Bhopal, Feb 18 (IANS) Madhya Pradesh Finance Minister Jagdish Devda presented a Rs 4.38 lakh crore budget for the fiscal year 2026-27 in the state Assembly on Wednesday, placing strong emphasis on welfare measures for women, farmers, and marginalised sections while outlining ambitious plans for infrastructure, industry, and sustainable growth. The budget also includes the recruitment of 15,000 teachers to strengthen the education system and 22,500 in the police department.The flagship ‘Ladli Beh…
New Delhi, Jan 14 (IANS) The Indian hospitality market is exhibiting higher structural growth driven primarily by domestic travel demand, which makes the sector less exposed to global shocks than in the pre-Covid-19 period, a report said on Wednesday.The report from ICRA said industry revenues are expected to grow in FY26 despite a high FY25 base, supported by leisure travel, meetings, incentives, conferences and events, weddings, and business travel.Pan‑India premium hotel occupancy rate is a…