Indian airlines carried 1.31 crore passengers in August, an increase of 5.7% compared to the year-ago period, according to official data released on Friday.

In August 2023, carriers had flown 1.24 crore domestic passengers while in July this year, the count stood at 1.29 crore.

Vegas Mall in the national capital witnessed highest average daily footfall during April-June period followed by V3S East Centre Mall in east Delhi and Phoenix Marketcity in Mumbai region, according to a report.

GeoIQ, a leading location AI startup, on Friday released the list of top 25 malls in India based on footfall data. It leverages aggregated, anonymised geolocation data from mobile devices and applies advanced machine learning to generate accurate footfall and other insights for any store or location across the country.

Technology giant Microsoft Corporation (India) has bought around 16 acres of land in Pune from Viva Highways for Rs 453 crore, according to property consultant Square Yards.

In a statement on Friday, Square Yards said the recent land deal in Pune, registered in September 2024, involved the purchase of 66,450 square metres (approximately 16.4 acres) from Viva Highways Limited.

Electric two-wheeler startup Warivo Motor India is looking to nearly double its topline to around ₹120 crore this fiscal on the back of its entry into high-speed electric-scooter segment, according to top company officials.

The company, which has been present in low-speed (top speed of up to 25 kmph) so far, on Friday launched its high-speed scooter CRX with price starting at ₹79,999 (ex-showroom).

he food ministry has signed an agreement with the state-run Food Corporation of India (FCI) for the 2024-25 fiscal year, aiming to enhance efficiency and accountability in foodgrain procurement and distribution.

The MoU (Memorandum of Understanding) sets specific performance benchmarks, including metrics for FCI depots, and outlines accountability measures to optimise public fund usage in food security operations.

Around 55% of the total office demand during January-June period across eight major cities was for an area up to 1 lakh square feet while the remaining 45% leasing transactions were for larger workspaces, according to Knight Frank India.

India has extended countervailing or anti-subsidy duty on a Chinese chemical used in pesticides for five more years to guard domestic players.

Domestic passenger vehicle wholesales declined by about 2% year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand.

According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3.5 lakh units last month compared to 3.6 lakh vehicles in August 2023, a dip of 1.8%.

Lignite-to-power producer NLC India Ltd (NLCIL) will invest around ₹50,000 crore to ramp up its renewable energy capacity from 1.43 GW to 10.11 GW.

American automaker Ford on Friday said it is preparing to utilise its Chennai manufacturing plant to roll out vehicles for exports and has intimated the same to the Tamil Nadu government.

The company which in 2021 had said that it would stop manufacturing vehicles in India, has submitted a Letter of Intent (LOI) to the Tamil Nadu government, confirming its intention to utilise the Chennai plant for manufacturing for exports.

India's bioeconomy has experienced significant growth, reaching a valuation of USD 151 billion by the end of 2023, according to a new report, which said that the surge highlights the bioeconomy's critical role in national development, contributing 4.25 per cent to the country's GDP and positioning India among the top five global bioeconomies.

India cannot become a developed nation by 2047 with 'backward agriculture', the head of German chemicals giant Bayer's South Asia operations said, as he praised the government's efforts to modernize the farm sector.

"You don't become a developed nation with backward agriculture," Simon Wiebusch, president of Bayer South Asia, told PTI in an interview.

India's growth outlook reflects the underlying strength of country's macro-fundamentals, with domestic drivers -- private consumption and investment -- playing a major role, RBI Governor Shaktikanta Das said on Friday.

The CBIC on Friday said it has suspended some CGST officials in Bengaluru who have been arrested by the city police for alleged extortion charges.

On September 11, Bengaluru City Crime Branch arrested four Central GST officials based on a complaint of kidnapping and extortion filed by a businessman at Byappanahalli police station of Bengaluru East division.

The arrested include a superintendent rank officer apart from inspector and senior intelligence officer rank staffers of the GST.

Retail inflation in August inched up to 3.65%, though vegetables and pulses witnessed price rise in double digits, according to official data released on Thursday.

Brazil's aircraft maker Embraer is eyeing suppliers from India for its defence, commercial aviation and executive jet businesses.

India is a strategic market for Embraer and has customers in commercial aviation, executive jets, and defence and security. It has 44 planes in the country.

A high level delegation from Embraer is concluding a visit to India this week as it evaluates the expansion of its supply chain into the country, according to a release on Thursday.