India notified CAFE III fuel-efficiency norms for passenger vehicles from April 2027 to March 2032. These rules tighten efficiency targets by nearly 17% for automakers. Meanwhile, Apple Pay started in India, supporting Axis Bank cards. Also, lower edible oil import duties may help snack makers save costs ahead of the Diwali festival.
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CAFE III: What India's new fuel efficiency norms mean for automakers and buyers
India has notified CAFE III fuel-efficiency norms for passenger vehicles from April 2027 to March 2032. The rules tighten fleet-wide efficiency targets by nearly 17%, while giving carmakers compliance options including EVs, hybrids, ethanol and CNG.
Noel Tata files a caveat with Charity Commissioner on Venu Srinivasan's complaint
Tata Trusts Chairman Noel Tata and his son Neville have asked Maharashtra's Charity Commissioner to hear them before deciding on complaints of misgovernance at Sir Dorabji Tata Trust. The dispute follows trustee Venu Srinivasan's request to restrict Noel Tata's voting rights at Tata Sons.
Apple Pay launches in India to take on PhonePe, Google
Apple is rolling out Apple Pay in India, initially supporting Axis Bank Visa and Mastercard credit cards. Users will be able to make contactless and online payments through Apple devices, with payment gateways including Razorpay, PayU and Cashfree supporting the service.
Cheaper edible oil may help save the grams in a ₹10 snack pack this Diwali
India's cut in edible oil import duties could ease costs for snack makers ahead of Diwali. Companies including Bikaji, Haldiram's, Britannia and ITC may see lower input costs, but consumers are not yet assured of bigger ₹5 and ₹10 packs.