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Chips, phones, and the Viksit Bharat playbookWith the mobile phone manufacturing scheme and ISM 2.0, the government has communicated a clear signal to the world that India is a long-te...
Chinese ecommerce giant JD.com given notice of EU concerns over Ceconomy takeoverThe European Commission opened a full-scale investigation into the deal in May under the Foreign Subsidies Regulation that targets unfair...
RBI sold $6 billion in May to defend oil-hit Indian rupee, data showsThe Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged, pushing the ru...
Parliament Watch: FM on rupee, Rs 16.1 lakh cr fuel taxes, India-US trade talks and moreRupee depreciation is influenced by rising crude oil prices and reduced capital account support. India monitors US trade policy changes and...
Paytm to monetise in-house AI tools, sharpen wealth pushFounder and chief executive Vijay Shekhar Sharma said some AI products had already started generating a few lakh rupees in revenue. The com...
Indian banks mobilise $20.7 billion under RBI's special incentive windowIn a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...
Seoul Semicon’s India plans; Specialty healthcare attracts VCsSouth Korea's Seoul Semiconductor is planning a manufacturing foray in India. This and more in today's ETtech Top 5.
Regional conflict-driven curbs weigh on flow: FCNR(B) inflows may miss initial estimates, says HDFC Bank CEOExpected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation complexities for nonresidents and tight...
Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
JPMorgan says 100+ MNCs are exploring GIFT City operationsGIFT City is drawing strong interest from multinational companies, with JPMorgan saying more than 100 firms are exploring banking and payme...
Cabinet clears Rs 1.9 Lakh crore push for chip, mobile phone manufacturingThe Union Cabinet approved significant new schemes for semiconductor and mobile phone manufacturing. The India Semiconductor Mission's seco...
Rupee closes at 96.34 vs USD; firmer Asia FX, oil dip offer little comfort as NDF maturities pinchOn Thursday, the Indian rupee experienced a slight decline versus the dollar, influenced by dollar demand associated with expiring non-deli...
Flex-fuel vehicles better fit for India than E25 rollout: AIDAA national debate has been raging over the impact of 20% ethanol-blended petrol (E20) on the engines and fuel efficiency of vehicles not de...
India approves Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS) to boost exports and jobsThe union cabinet approved a new mobile phone manufacturing scheme. This initiative has an outlay of sixty-two thousand five hundred crore ...
Lending, deposit rates likely to ease gradually as funding costs soften: CareEdgeLending and deposit rates will likely moderate gradually in coming months. High-cost legacy deposits are maturing, and liquidity remains co...
Crunch time for lifestyle diseases as govt plans fitness pushIndia's government is planning new incentives to combat rising lifestyle diseases. Subsidised gym memberships and employer wellness program...
Gujarat unveils data centre policy to attract AI investments; State offers capital, power and tax incentivesGujarat's new Data Centre Policy aims to attract significant AI investments. The state seeks to establish itself as India's premier data ce...