India

India’s automobile industry has fallen significantly short of its mandated vehicle scrappage obligations under the Environment Protection (End-of-Life Vehicle) Rules, 2025, achieving only around 30 percent of the required steel-equivalent recycling target during FY26. The regulations, introduced by the Ministry of Environment, Forest and Climate Change and implemented from April 1, 2025, were designed to strengthen sustainable mobility practices and formalize the vehicle recycling ecosystem.

The Central Bureau of Investigation (CBI) conducted searches at 17 locations across Mumbai in connection with three cases involving Reliance ADA Group companies — Reliance Telecom Limited, Reliance Commercial Finance Limited, and Reliance Home Finance Limited. The investigation focuses on alleged diversion of bank funds through intermediary entities and includes scrutiny of directors, officials, and associated corporate networks. Authorities said the searches targeted both residential and office premises linked to individuals and firms under investigation.

Honda Motorcycle & Scooter India (HMSI) has initiated a voluntary recall of an unspecified number of CB1000 Hornet SP motorcycles manufactured between September 30, 2024, and August 22, 2025, to address two identified technical issues. One of the concerns involves the routing of the fuel feed hose, a component critical to engine performance and rider safety. The recall reflects the increasing emphasis among automotive manufacturers on proactive quality control and regulatory compliance in India’s premium motorcycle segment.

India’s food delivery sector is witnessing a gradual normalization in delivery timelines as gig workers return to metropolitan cities following state elections and the conclusion of the peak agricultural harvest season. Companies including Swiggy and magicpin say rider availability is improving significantly after a temporary workforce shortage disrupted operations across several urban markets. Industry executives believe the return of delivery personnel will stabilize logistics networks, reduce customer wait times, and improve platform efficiency in the coming weeks.

India’s equity markets witnessed a turbulent trading week as the combined market capitalization of four of the country’s 10 most valuable companies declined by nearly Rs 1 lakh crore, reflecting persistent investor caution amid global geopolitical uncertainty. State Bank of India recorded the steepest erosion in valuation as markets struggled to maintain momentum despite modest gains in benchmark indices.

Emami Ltd. has announced the acquisition of a 60 percent stake in Hyderabad-based IncNut Digital Pvt Ltd for Rs. 321 crore as part of its strategy to strengthen its footprint in India’s fast-growing beauty and personal care market. The deal includes performance-linked adjustments over a 24-month period and reflects Emami’s broader push toward digital-first consumer brands and premium wellness segments.

M Nagaraju, Secretary of the Department of Financial Services (DFS), has urged Indian banks to significantly strengthen cyber security frameworks and operational resilience amid growing concerns over emerging artificial intelligence-driven threats. Speaking at an Indian Banks' Association conference on risk management in Mumbai, Nagaraju warned that advanced AI models such as Anthropic Mythos could create serious vulnerabilities for the banking ecosystem if publicly deployed without adequate safeguards.

India’s capital markets regulator has revised its framework governing the use of stock price data for educational and investor awareness purposes, introducing a uniform 30-day time lag for dissemination and usage. The updated rules, which will come into effect from July 1, are aimed at balancing market integrity with the growing demand for timely financial education content. The Securities and Exchange Board of India (Sebi) said the revised framework seeks to prevent commercial misuse of real-time market data while ensuring educational material remains relevant and accessible.

Samsung has announced an expanded edition of its national innovation programme for 2026, significantly increasing its outreach to schools and aspiring student entrepreneurs across India. The technology giant said top-performing teams in the competition will receive financial awards, mentorship assistance, and access to Samsung devices as part of a broader effort to nurture grassroots innovation. The initiative reflects the company’s growing focus on strengthening India’s start-up and digital innovation ecosystem, particularly beyond major metropolitan centers.

Tata Starbucks has reaffirmed its strong confidence in India’s long-term consumption story, signaling aggressive expansion plans despite prevailing macroeconomic uncertainties. The joint venture between Tata Consumer Products and Starbucks sees substantial untapped potential in India’s relatively underpenetrated coffee retail market. On Friday, the company launched its first Starbucks Reserve outlet in eastern India, located in Kolkata, marking the fourth such premium-format store in the country.