Merc News - Latest Updates & Headlines
Office retrofitting a Rs 45,000 cr investment opportunity for better rentals in India
Mumbai, April 4: The office market across top seven cities in India offers an estimated Rs 45,000 crore (approximately $5.3 billion) opportunity in retrofitting (improving the existing building design and engineering, integrating new technology, enhancing user experience, and incorporating climate-adaptive features and capabilities) and upgrading existing buildings, according to a report on Friday.
Mercedes-Benz India expands India footprint as private consumption rises
New Delhi, April 3: As private consumption rises in tier 2 and 3 cities amid a resilient economy, luxury carmaker Mercedes-Benz India on Thursday announced to expand its footprint in two future potential growth markets in the country.
India studying opportunities that may arise from new US trade policy: Commerce Ministry
New Delhi, April 3: Faced with US President Donald Trump's reciprocal tariffs, India on Thursday said that it is studying the opportunities that may arise from this new development in US trade policy.
India's office market deals clock 74 per cent jump in Jan-March: Report
Mumbai, April 3: India's top eight office markets witnessed an unprecedented surge in transactions, reaching 28.2 million square feet (mn sq ft) in Q1 (Jan-March) 2025 -the highest ever recorded in a single quarter, according to a report released on Thursday by real estate firm Knight Frank India.
Trump's tariff to slow down global export growth from 2.9% in 2024 to 1.3% in 2025-26: HSBC
New Delhi, April 3: The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
US Commerce Secy Lutnick evades India tariff question post Trump's announcement
Washington DC, April 3: US Commerce Secretary Howard Lutnick avoided a question on tariffs on India.
US calculation inflates India's tariffs on American goods: Bernstein
New Delhi, April 3: The US estimate of the tariffs imposed by India on American goods is an inflated figure because it includes non-tariff measures such as domestic taxes levied in the country, according to an analysis by leading brokerage Bernstein.
India stands less impacted by Trump tariffs than global peers: Industry
New Delhi, April 3: As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.
MERC stays its order approving cut in MahaVitaran's electricity tariff
Mumbai, April 2: The Maharashtra Electricity Regulatory Commission (MERC) on Wednesday stayed its order approving the 10 per cent reduction in tariff charged by the state-run Maharashtra State Electricity Distribution Company (MahaVitaran) for the 2025-26.
GeM facilitates hiring of over 1 million manpower resources in FY 2024-25: Centre
New Delhi, April 2: Digital procurement platform Government e-Marketplace (GeM) has facilitated the hiring of over one million manpower resources by government organisations in the fiscal year 2024-25, said the Ministry of Commerce and Industry on Wednesday.
Two wheelers and tractor sales show streghth, CVs and PV segment exhibit mixed trend
New Delhi, April 2: The Indian automobile industry witnessed mixed trends in March 2025, with strong performances in the two-wheeler (2W) and tractor segments, while commercial vehicles (CVs) and passenger vehicles (PVs) exhibited varied outcomes.
Digital media surpassed TV with 32% of media revenue: Report
New Delhi, April 2: Digital media has surpassed traditional media such as television, capturing 32 per cent of India's media revenues of Rs 802 billion in the calendar year 2024, according to a report by Elara Capital.
MLMML retains top spot as India's no.1 electric commercial vehicle manufacturer in FY25
Mumbai, April 2: Mahindra Last Mile Mobility Limited (MLMML) has once again solidified its dominance as India's leading electric commercial vehicle (EV) manufacturer, securing the top position for the fourth consecutive year in FY25.
Radhika Merchant exudes grace in archival Vivienne Westwood corset and custom chanderi saree
Mumbai, April 1: Radhika Merchant looked as graceful as ever at Vivienne Westwood's first-ever fashion show in India.
Tata Motors registered total sales of 252,642 units in Q4 FY25
New Delhi, April 1: Tata Motors Limited sales in the domestic & international market for Q4 FY 2024-25 stood at 252,642 units, compared to 265,090 units during Q4 FY 2023-24, as per the data released by the company on Tuesday.
Nikhil Kamath's Gruhas leads Rs 12.5 crore investment in LehLah
Mumbai, April 1: LehLah, a creator-led content commerce startup, has raised Rs 12.5 cr in its seed funding round, led by Gruhas, a company co-founded by Nikhil Kamath and Abhijeet Pai. This investment highlights the growing appeal and market presence of LehLah.
CV sales: Tata Motors decline 3 pc, Ashok Leyland and Eicher see growth
New Delhi, April 1: The Indian commercial vehicle (CV) market displayed mixed trends in the month of March, with Tata Motors reporting a decline in sales while Ashok Leyland and Eicher Motors registering growth.
Commercial LPG cylinder prices reduce by Rs 40.50 in Rajasthan
Jaipur, April 1: Starting April 1, the price of a 19-kg commercial LPG cylinder in Rajasthan has been reduced to Rs 1,790, down from the previous Rs 1,830.50. However, there is no change in the price of domestic LPG cylinders, which will continue to be available at Rs 806.50.
Commercial LPG cylinder prices cut by Rs 41 in relief for businesses
New Delhi, April 1: In a big relief for industries and businesses that rely heavily on cooking fuel, oil marketing companies on Tuesday announced a price cut of Rs 41 on commercial LPG gas cylinders (19 kilograms).
Oil marketing companies reduce prices of commercial LPG cylinders by Rs 41
New Delhi, April 1: Oil marketing companies have announced a reduction in the prices of 19 kg commercial LPG gas cylinders by Rs 41, effective from Tuesday.
Dalai Lama bestowed with Gold Mercury Award for Peace
Dharamsala, March 31: Marking 66 years in exile, the 14th Dalai Lama was on Monday awarded the Gold Mercury Award 2025 at his residence in Dharamsala for his outstanding leadership in peace, compassion, and environmental stewardship.
E-commerce sector in India to see highest salary hike in 2025: EY Report
New Delhi, March 31: The e-commerce sector in India is expected to witness the highest salary increments in 2025, with hikes surpassing 10 per cent, according to a report by EY.
Dalai Lama presented with Gold Mercury Award for peace
Dharamshala, March 31: The Dalai Lama was presented with a Gold Mercury Award on Monday in recognition of his lifelong commitment to peace, compassion, education and human rights at his residence at Dharamsala in Himachal Pradesh.
Weekly Horoscope: March 30 to April 5, 2025
Mumbai, March 29: Welcome to your exclusive Vedic astrology forecast for the week of March 30-April 5, 2025. As we enter this powerful first week of April, the cosmos aligns to support profound personal growth and manifestation across all zodiac signs.
India, US hold trade talks; to work towards negotiating first tranche of FTA
New Delhi, March 29: India and the United States held trade talks in New Delhi as part of efforts to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
Delhi NCR and Bengaluru lead office leasing activity in Q1 2025, contributing to 15% yearly growth: Colliers
New Delhi, March 29: Delhi NCR and Bengaluru together drove nearly half of the office leasing activity during the first quarter (Q1) of 2025, with leasing across the top seven markets remained strong in Q1 at 15.9 million sqare feet, reflecting a 15 per cent year-on-year (YoY) increase, according to a report by real estate and investment firm Colliers.
Piyush Goyal assures investors of government support against challenges, including anti-dumping measures
New Delhi, March 29: Union Commerce and Industry Minister Piyush Goyal on Saturday assured the investors that the government is ready to help whenever they face challenges, be it through anti-dumping measures or predatory pricing to protect the domestic.
BEST electricity consumers to get tariff relief from April 1
Mumbai, March 29: About 10.5 lakh electricity consumers of the Brihanmumbai Electric Supply and Transport Undertaking (BEST), which is a Licensee for electricity distribution in the island city area of Mumbai, will get relief in the power tariff from April 1.
Sonowal lauds Lok Sabha passing 'Carriage of Goods by Sea Bill', says legislation will enhance ease of doing business
New Delhi, March 29: Lok Sabha on Friday passed 'Carriage of Goods by Sea Bill, 2024' which aims to modernise, update legal framework as well as enhance Ease of Doing Business (EODB) in India's maritime sector.
MERC-approved tariff reductions to benefit over 34 lakh Adani Electricity consumers
Mumbai, March 29: More than 34 lakh consumers of Adani Electricity are set to be benefitted by the Maharashtra Electricity Regulatory Commission (MERC)-approved tariff reductions, applicable from April 1, 2025.
Mahavitaran consumers to get relief from April 1 as power tariff reduced by 10 pc
Mumbai, March 29: Around 3.16 crore consumers of the state public distribution company Maharashtra State Electricity Distribution Company Limited (MSEDCL) or (Mahavitaran) will have to shell out less towards the power tariff from 2025-26 to 2029-30.
Crucial in strengthening India's foundation in maritime commerce: Sarbananda Sonowal on replacing old British-era Act
New Delhi, March 28: Union Minister Sarbananda Sonowal, while presenting the 'Carriage of Goods by Sea Bill, 2024' by replacing the colonial-era 'Carriage of Goods by Sea Act, 1925' in the Lok Sabha, on Friday, asserted that the passage of new Bill will boost India's legal foundation for maritime commerce.
Core sector industries clock 2.9 pc growth in Feb: Centre
New Delhi, March 28: The combined Index of Eight Core Industries (ICI) increased by 2.9 per cent in February, as the production of cement, fertilisers, steel, electricity, coal and refinery products recorded positive growth, according to data released by Ministry of Commerce and Industry on Friday.
Quick-Commerce must adapt beyond major metros to sustain profitable growth: Bain & Flipkart Report
New Delhi, March 28: Quick-commerce (q-commerce) platforms in India must adapt their business models for markets beyond major metros to sustain profitable growth, according to a report by Bain & Company and Flipkart.
India's real estate sector to reach Rs 83 lakh crore by 2030: Report
New Delhi, March 28: India's real estate sector, which contributed 7.3 per cent to the GDP in the calendar year 2023, is projected to contribute 13 per cent to the country's economic growth by 2030, a report showed on Friday.
India's express parcel market to add 24-29 bn shipments to logistics sector by FY30
Bengaluru, March 28: India's express parcel market is set for exponential growth, adding 24-29 billion shipments to the logistics sector by FY2030, a report showed on Friday.
Auto sales in March to remain positive for 2-wheelers and PVs, CVs sales may decline: Nuvama Report
New Delhi, March 28: Vehicle sales growth in March 2025 is expected to remain positive for two-wheelers (2Ws) and passenger vehicles (PVs), while commercial vehicles (CVs) may see a marginal decline, according to a report by Nuvama.
India's Industrial and Logistics sector set for strong growth in 2025 due to high demand from E-commerce: CBRE
New Delhi, March 28: India's industrial and logistics (I&L) sector is expected to witness strong growth in 2025, driven by increasing demand for warehousing, particularly from e-commerce companies, according to a report by CBRE.
FM Sitharaman discusses strengthening India-US business ties with US Chamber of Commerce CEO
New Delhi, March 27: Union Finance Minister Nirmala Sitharaman on Thursday met US Chamber of Commerce President and CEO Suzanne Clark to discuss the growing business ties between India and the United States.
E-retail market in India poised to reach $170-$190 billion in GMV by 2030
New Delhi, March 27: Amid the rise in quick commerce, trend-first commerce and hyper-value commerce, India's e-retail market is projected to reach $170-$190 billion in gross merchandise value (GMV) by 2030, a report showed on Thursday.