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India to have policy to promote electric vehicles soon, says PM Modi

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India to have policy to promote electric vehicles soon, says PM Modi

The government will soon issue a policy on electric vehicles and those based on alternative fuels, announced Prime Minister Narendra Modi on Friday, September 7.

He was speaking during the first edition of MOVE: Global Mobility Summit, a two-day event organised by Niti Aayog on developing transportation based on clean energy.

Modi promised global technology and automobile companies a stable policy regime to make India a pioneer in electric mobility.“We will soon put in place a stable policy on electric vehicles and other alternative vehicles… we will do whatever it takes because it is our commitment to heritage and our future generations,” Modi said in his 30-minute speech on the first day of the event.

The government currently doesn’t have a separate policy on electric vehicles, according to a report in Moneycontrol.com. The department of heavy industries has, since 2015, had a framework called FAME, which stands for Faster Adoption and Manufacturing of Electric Vehicles, that provides subsidy to electric car manufacturers.

The second phase of FAME is expected any time now. According to sources, the finance ministry has approved Rs 5,500 crore for the second phase, of which Rs 4,500 crore will be to provide subsidy to all electric vehicles.

The prime minister said mobility is the next frontier in the world’s fight against climate change as it accounts for one-fifth of the world’s carbon emission. He said India is best placed to be an early mover in adoption of transportation solutions based on clean energy.

“India has inherent strength and comparative advantage. We have fewer vehicles per capita than other economies. We do not carry the legacy of other economies which were built on private car ownership,” he said.

Modi said that India will do whatever it takes to usher in electric mobility in a big way as it holds immense promise for economic growth and ease of living.

“We want to drive investments across the value chain from batteries to smart charging to electric vehicle manufacturing. We will soon put in place a stable policy framework for electric and alternate fuel powered vehicles. Policies will be designed as a win-win for all and will enable huge opportunities in the automotive sector,” Modi told industry leaders.

The aim is to have a policy to have a comprehensive set up for a robust and affordable electric mobility ecosystem comprising production facilities and a widespread network of charging points. This would help achieve three key strategic goals – cuttingdown carbon emissions, creating new job opportunities and reducing use of crude oil, about 80% of the requirement of which is met through imports.

Earlier in the day, Narendra Modi met executives from electric vehicle manufacturers, battery makers and technology at an exhibition of their new offerings in the capital.

India aspires to have all new vehicles sold from 2030 to be electric. Many businesses, including state-owned fuel retailer Indian Oil Corp and power producer NTPC Ltd, have ventured into setting up charging stations to tap opportunities arising from a transition to electric mobility. One key challenge to realising the goal of electric mobility is the high cost of batteries which policymakers hope will come down with new technology and economies of scale.

Modi told industry executives that India has doubled the pace of building highways and is connecting more towns with new air routes besides promoting fuel efficiency. “Let us create a template for the world to adopt,” Modi said.

The summit has over 1,200 delegates from the world over with several promoters, chief executive officers and other senior officials of multinationals and Indian corporates attending the grand event.

Mahindra & Mahindra Chairman Anand Mahindra, Suzuki Motor Corporation Chairman Osamu Suzuki, Kalyani Group promoter and Bharat Forge Chairman and Managing Director Baba Kalyani, Toyota Chairman Takeshi Uchiyamada, Tata Motors CEO Guenter Butschek and Ola promoter Bhavish Aggarwal were in the audience as Modi spoke.

Anand Mahindra, chairman of the Mahindra group, who spoke on the occasion, said mobile applications that offer shared and connected multimodal transport options between long distances will change the way people live.

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Google announces country-specific domain names for its search page

This transition to a centralised domain may help Google optimise AI performance in delivering relevant search results.

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In a significant move aimed at unifying its search experience, Google has announced plans to phase out country-level domain names, such as google.ng for Nigeria and google.com.br for Brazil. Instead, the tech giant will redirect users globally to a standardised domain, google.com. This decision aligns with Google’s ongoing effort to enhance search functionality and accessibility, building on the improvement in local search capabilities introduced in 2017.

In a recent blog post, Google explained that it will begin redirecting traffic from these country code top-level domains (ccTLDs) to google.com. This transition will be implemented gradually over the coming months. Users may be prompted to adjust their search preferences during this process, as the company works to streamline the user experience.

“Historically, our approach to delivering localised search results relied on ccTLDs,” Google stated. “However, our capability to offer localised experiences has evolved significantly, making these distinctions unnecessary.” The company reassured users that the core functionality of its search platform will remain unchanged and that compliance with various national regulations will continue.

This initiative reflects Google’s commitment to improving how search results are tailored to individual users without the need for separate country-specific domains. While the official rationale emphasises enhancing global user experience, some industry experts speculate that the change may also be motivated by a desire to better integrate artificial intelligence (AI) into search results, potentially leading to reduced operational costs.

Google employs AI Overviews, a tool designed to aggregate information from a broad range of online sources to provide concise responses to user inquiries. This transition to a centralised domain may help Google optimise AI performance in delivering relevant search results.

Overall, as Google implements this shift, users can expect a more unified search experience. While changes in browser addresses may occur, Google emphasises that the way search operates and its compliance with national laws will remain consistent. This strategic shift signifies Google’s ongoing efforts to adapt to the evolving digital landscape and user needs globally.

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In HUL vs HCL defamation case, Delhi HC orders take down of Lakme sunscreen ad disparaging Derma Co

Honasa, in its plea to the Delhi High Court, argued that HUL’s claims are misleading and disparage competitors, damaging their reputation. In retaliation, HUL filed a countersuit against Honasa in the Bombay High Court, escalating the corporate feud.

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A legal showdown between Honasa Consumer Ltd. (HCL), the parent company of Mamaearth, and Hindustan Unilever Ltd. (HUL), which owns Lakmé, reached the Delhi High Court this week, with both FMCG giants filing defamation lawsuits against each other. On Thursday, the court ordered HUL to pull its current Lakmé sunscreen advertisements, prompting the company to agree to revise its campaign by removing references to “online bestseller” and altering the depicted packaging colours.

The dispute centres on Lakmé’s recent “SPF Lie Detector Test” campaign, which HCL alleges unfairly targets its Derma Co. sunscreen by questioning the efficacy of rival products.

In the ads, HUL claims that some “online bestseller” sunscreens, marketed as SPF 50, provide protection closer to SPF 20, based on in-vivo testing data from the past decade. While no brands are explicitly named, visuals juxtaposing yellow bottles—resembling Derma Co.’s packaging—against Lakmé’s sparked Honasa’s ire.

Honasa, in its plea to the Delhi High Court, argued that HUL’s claims are misleading and disparage competitors, damaging their reputation. In retaliation, HUL filed a countersuit against Honasa in the Bombay High Court, escalating the corporate feud.

The controversy erupted when Ghazal Alagh, co-founder of Honasa, took to LinkedIn to criticise the FMCG sector’s lack of competitive drive, suggesting that legacy brands like HUL have grown complacent. Her comments were seen as a direct jab at Lakmé’s campaign, which challenges the SPF claims of newer sunscreen brands dominating online markets. “The industry needs fresh competition to shake things up,” Alagh wrote, igniting a public spat.

Lakmé’s campaign asserts that some top-selling sunscreens falsely claim in vivo testing—a method involving live organisms like humans or animals—while delivering subpar protection. In a social media statement, Lakmé doubled down, saying, “Certain online bestsellers advertise SPF 50, but their in-market samples test closer to SPF 20.”

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Sensex and Nifty jump nearly 2% as US suspends additional 26% tariffs on India until July 9

Foreign Institutional Investors (FIIs) had sold equities worth ₹4,358.02 crore on Wednesday, signaling caution, but Friday’s momentum suggested a shift in sentiment.

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Indian stock markets staged a robust rally on Friday, with the BSE Sensex skyrocketing 1,310.11 points, a 1.77% gain, to close at 75,157.26. The NSE Nifty followed suit, climbing 429.40 points or 1.92% to settle at 22,828.55, breaching the 22,900 mark during intra-day trading. The surge came on the heels of a White House announcement suspending additional tariffs on India for 90 days until July 9, offering a reprieve amid global trade tensions.

The US decision, detailed in recent executive orders, pauses levies that President Donald Trump had imposed on April 2, targeting India and roughly 60 other nations. Those duties threatened Indian exports ranging from steel to shrimp, raising concerns about competitiveness in the US, the world’s largest economy. The temporary suspension sparked optimism among Indian investors, propelling gains across major sectors.

Leading the charge among Sensex constituents were heavyweights like Tata Steel, Reliance Industries, Power Grid, NTPC, Kotak Mahindra Bank, and Adani Ports. However, not all stocks joined the rally—Asian Paints and Tata Consultancy Services lagged behind, unable to capitalize on the upbeat mood.

Vinod Nair, Head of Research at Geojit Investments Limited, attributed the market’s buoyancy to the tariff relief. “The unexpected pause on US tariffs provided a much-needed breather amid global uncertainties,” Nair noted. He added that while a major IT firm’s recent results fell short of expectations, its robust order book signaled potential growth in the latter half of FY26.

The Indian markets’ performance stood in stark contrast to global trends, where fears of a US-China tariff war cast a shadow. On Friday, China escalated its trade spat with the US, hiking tariffs on American imports to 125% in response to Washington’s 145% levies on Chinese goods.

Asian markets reflected the unease, with Tokyo’s Nikkei 225 plunging nearly 3% and South Korea’s Kospi slipping, though Shanghai’s SSE Composite and Hong Kong’s Hang Seng bucked the trend with gains. European markets traded lower, while US indices had closed sharply down on Thursday, with the Nasdaq tumbling 4.31%, the S&P 500 falling 3.46%, and the Dow Jones shedding 2.50%.

Back home, the rally followed a lackluster Wednesday, when the Sensex dipped 379.93 points to 73,847.15 and the Nifty fell 136.70 points to 22,399.15. Thursday’s market holiday for Shri Mahavir Jayanti gave investors a pause before Friday’s surge. Foreign Institutional Investors (FIIs) had sold equities worth ₹4,358.02 crore on Wednesday, signaling caution, but Friday’s momentum suggested a shift in sentiment.

Elsewhere, global oil prices edged up, with Brent crude rising 0.32% to $63.53 a barrel, reflecting ongoing volatility in commodity markets.

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