Business
Hyundai Motor India Breaks Records with 6,05,433 Units Sold in CY 2024
Hyundai Motor India Limited (HMIL) achieved its highest-ever annual domestic sales of 6,05,433 units in calendar year 2024, marking a significant milestone for the brand. The total sales for the year, including both domestic and export volumes, reached 7,64,119 units.
In December 2024, HMIL reported monthly sales of 55,078 units, with 42,208 units sold domestically and 12,870 units exported. This performance highlights the company’s strong presence in both the Indian and global automotive markets.
Tarun Garg, Whole-time Director and Chief Operating Officer of Hyundai Motor India Limited, commented, “HMIL has successfully maintained its sales momentum in 2024, despite the challenging conditions faced by the industry. Achieving the highest-ever domestic sales for three consecutive years reflects customers’ trust in Hyundai as their preferred smart mobility solutions provider. The introduction of the innovative Hy-CNG Duo technology in 2024 was well received by buyers, resulting in the highest-ever CNG contribution of 13.1% to HMIL’s domestic sales in CY 2024, compared to 10.4% in CY 2023. Hyundai CRETA, with its highest-ever yearly domestic sales of 1,86,919 units, reinforced HMIL’s position as an SUV leader, contributing to the highest-ever domestic SUV share of 67.6% in CY 2024. We are confident that the upcoming CRETA Electric will further enhance the appeal of this undisputed, ultimate SUV.”
Hyundai Motor India Limited (HMIL) reported a slight decline in sales for December 2024, with total monthly sales reaching 55,078 units, marking a 2.4% decrease compared to December 2023. Domestic sales saw a marginal dip of 1.3%, totaling 42,208 units, while exports dropped by 6.1%, reaching 12,870 units. Despite these challenges, the company achieved a small growth in domestic sales for the full year, recording 6,05,433 units in CY 2024, up by 0.6% from the previous year. However, the total annual sales, including both domestic and export volumes, stood at 7,64,119 units, slightly lower by 0.2% compared to 7,65,786 units in CY 2023.
Business
After Meta, Google to report child sexual abuse content directly to Indian authorities

New Delhi, Sep 22: After Meta, US tech giant Google will report content flagged as child sexual abuse material (CSAM) directly to the Indian authorities, contrary to the long‑standing global practice of routing such reports through a US non‑profit organisation.
Meta announced a similar change last week after Indian officials pressed major tech firms in recent weeks to speed up reporting, citing concerns that the existing system delays reports considerably.
Google “invests significantly to detect, deter, remove, and report child sexual abuse material,” a company spokesperson said, describing the change as part of the company’s “ongoing discussions with the government of India.”
Meta and Alphabet’s Google used to send tips to the US‑based National Center for Missing & Exploited Children (NCMEC) which then relayed them to local law enforcement, according to reports.
Such a practice could cause dangerous delays in cases where children may be at immediate risk as reports pass through an intermediary before reaching domestic police who can act on the ground.
The US nonprofit that erstwhile used to receive such reports first hand runs CyberTipline portal that recorded nearly 21.3 million reports from around the world of suspected child sexual exploitation in 2025.
India remains the largest market by user count for both Meta’s Facebook and Google’s YouTube. Meta’s shift in policy comes after weeks of friction with New Delhi, including an apology last month by CEO Mark Zuckerberg over the spread of child sexual abuse material on the company’s platforms.
Technology and law enforcement officials in the United States, the European Union and elsewhere have urged platforms to bolster detection and reporting. However, most countries continue to route reports through the US nonprofit as the primary international clearing house.
The Central government, in July, directed Google to take down multiple Firebase web development accounts that were impersonating the websites and mobile apps of major public- and private-sector banks and other financial institutions.
Business
Sensex, Nifty open marginally higher over crude price correction

Mumbai, Sep 22: The Indian equity markets inched up slightly on Tuesday morning, tracking positive global cues and correction in global crude prices.
As of 9.20 am, Sensex added 64 points, or 0.10 per cent, to reach 74,914 and Nifty gained 34 points, or 0.15 per cent, to reach 23,449.
Main broad-cap indices outperformed gains of the benchmark indices, as the Nifty Midcap 100 added 0.33 per cent, and the Nifty Smallcap 100 advanced 0.4 per cent.
Sectoral indices on NSE traded in green except Nifty IT down 1.09 per cent and FMCG down 0.01 per cent. Nifty realty was the top gainer, up 1 per cent, followed by chemicals, up 0.64 per cent.
“With precious metals stabilising and fixed income returns becoming attractive, investors can now opt for a multi-asset strategy,” an analyst said.
WTI crude trading in the $92–$93-a-barrel range and a stronger rupee provided additional comfort on the broader macroeconomic front.
Global risk sentiment has improved, with US equities posting strong gains and Asian markets largely positive, while softer crude prices have eased some pressure on oil-importing economies.
In the previous session, Nifty surged 0.29 per cent and closed at 23,414. Immediate support is placed at 23,250–23,300, while resistance is seen at 23,550–23,600.
In the previous session, Bank Nifty closed at 56,470, up 0.20 per cent. Immediate support is placed at 56,000–56,300, while resistance is seen at 56,800–57,000, said analysts.
In Asian markets, China’s Shanghai index gained 0.22 per cent, and Shenzhen added 0.62 per cent, Japan’s Nikkei added 1.38 per cent, and Hong Kong’s Hang Seng Index added 0.41 per cent. South Korea’s Kospi added 1.89 per cent.
The US markets ended in green overnight as Nasdaq gained 2.26 per cent. The S&P 500 added 1.49 per cent, and the Dow Jones added 0.71 per cent.
On September 21, foreign institutional investors (FIIs) net sold equities worth Rs 576 crore, while domestic institutional investors (DIIs) bought equities worth Rs 2,800 crore.
Business
FM Sitharaman meets JPMorgan CEO Jamie Dimon in Mumbai

Mumbai, Sep 21: Finance Minister Nirmala Sitharaman on Monday met Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., during the 11th edition of the JPMorgan India Investor Conference in Mumbai.
According to the Finance Ministry, Dimon interacted with the finance minister on the sidelines of the conference, which brought together investors, policymakers and corporate leaders to discuss India’s economic outlook and investment opportunities.
FM Sitharaman also addressed participants at the event and took part in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan.
“Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., interacts with FM Sitharaman during the J.P. Morgan India Investor Conference in Mumbai, Maharashtra,” the finance minister posted on social media platform X.
” FM Sitharaman addressed the gathering and participated in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan, during the 11th edition of the J.P. Morgan India Investor Conference in Mumbai, Maharashtra,” the finance minister added.
The meeting comes as JPMorgan said in a recent report that a combination of tax reforms and regulatory measures had enhanced the attractiveness of equities for domestic investors, helping sustain robust inflows despite relatively muted market returns over the past two years.
The brokerage noted that changes in the taxation framework for long-term capital gains, debt mutual funds and certain insurance products have improved the relative appeal of equities.
It said these measures, alongside rising participation through systematic investment plans (SIPs), are supporting a continued shift of household savings toward financial assets.
According to JPMorgan, domestic investors have increasingly emerged as a stabilising force for Indian markets, offsetting bouts of volatility triggered by foreign portfolio investor outflows and global uncertainties.
The report highlighted that retail participation has remained resilient even during periods of modest benchmark returns, signalling a structural change in investment behaviour.
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