India’s rich heirs shift from factory floor to family offices
Alok Sanghi, 42, sold a majority stake in his family's cement business to Ambuja Cements in 2023. He now runs a family office with $100 million in assets and invests in real…
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Private credit yields up to 22% but carries higher risk, investors warned
Private credit, loans from non-bank lenders, has grown rapidly to $25-30 billion in assets under management, with most wealth managers now offering the product. EY India data shows 166 private credit transactions…
Centre may extend bitumen relief for highway contractors
The road transport ministry may extend beyond September a relief mechanism for highway contractors hit by rising bitumen prices linked to West Asia disruptions, two people aware of the matter said. The…
Railways unveils two new PPP models to tap Rs 2.62 lakh crore pipeline
Indian Railways plans to introduce a Development Partner Model (DPM) and a Hybrid Annuity Model (HAM) to attract private capital into a ₹2.62 trillion asset pipeline under NMP 2.0, according to two…
Rs 62,500-crore mobile phone scheme targets domestic brands
The government has notified a Rs 62,500-crore Mobile Phone Manufacturing Scheme (MPMS) aimed at deepening domestic value addition and nurturing Indian handset brands. The scheme runs for five years from this fiscal…
India’s microdrama market projected at ₹650 crore, but unit economics uncertain
India's microdrama market is projected at ₹650 crore and expected to grow over 50% annually through 2028, according to a FICCI-EY report. The short vertical video format, adapted from China, is winning…
E-way bill generation hits 13.98 crore in July, second-highest on record
E-way bill generation rose 5.98 per cent year-on-year to 13.98 crore in July, the second-highest monthly tally on record, but the pace of growth slowed sharply from 14.5 per cent in June…
Indian Railways plans national parcel app for door-to-door delivery
Indian Railways is planning to roll out a national parcel app by the last quarter of the current fiscal year or early FY28, aiming to move beyond station-to-station services and offer door-to-door…
SRCC ties with EY to launch AI course, IIT Bombay offers e-PG diploma
Shri Ram College of Commerce (SRCC) has partnered with EY India to launch AI VIBE, a 12-month course for students from semester 3 onwards. The programme, sponsored by EY, covers machine learning,…
