India

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The company also aims to expand its renewable energy base with plans to acquire assets in order to achieve its net zero targets. State-run EPC company Engineers India Ltd (EIL) is under discussion with domestic and international stakeholders for collaboration for setting up conventional nuclear power plants and small modular reactors, the company’s chairperson and managing director Vartika Shukla said....


  Modi, who has arrived in the US, will meet President Donald Trump Thursday to discuss trade and tariffs concessions.     As Prime Minister Narendra Modi is set to meet tech billionaire Elon Musk during his trip to the US this week, the expansion of Starlink satellite internet to India is likely to be on the agenda apart from topics such as trade and Artificial Intelligence, media reports say.  


As of June 2024, 50 lakh users and 4.2 lakh merchants were participating in the CBDC retail pilot India’s public sector banks are seeing modest growth in volumes of central bank digital currency (CBDC) or e-rupee. They have also started extending direct benefit transfer (DBT) via the digital currency, sources say.....


2025-02-12

I do not like to buy markets that are making all-time highs. As a rule, if the markets are correcting and investor are not worried, I do not buy, Jim Rogers said. It has been a volatile few weeks for global financial markets as they braced for tougher tariffs from the US president Donald Trump. JIM ROGERS, chairman of Rogers Holdings, tells Puneet Wadhwain a video interview that he has sold out from nearly every stock market across the …


The ongoing selling in the domestic equity markets has given a huge dent in investors’ portfolio but 67 stocks on Dalal Street managed to defy gravity to rally over 100% since October 2024. The ongoing selling in the domestic equity markets has given a huge dent in investors’ portfolio. However, as many as 67 stocks on Dalal Street managed to defy gravity to rally over 100% since October 2024. Overall, market sentiment remai…


Start-ups such as CoRover AI, Sarvam AI, Krutrim AI, are looking to build an AI model from scratch After much debate on India’s own foundational model, the country’s start-ups seem keen to take up the mantle of building their own AI LLMs, while also leveraging the information made public by companies like DeepSeek. Start-ups such as CoRover AI, Sarvam AI and Krutrim AI are looking to build an AI model from scratch...


Mukesh Ambani and his family visited the Maha Kumbh Mela in Prayagraj on February 11, taking a holy dip at Triveni Sangam.  Reliance Industries Chairman Mukesh Ambani and his family visited the Maha Kumbh Mela in Prayagraj on Tuesday, February 11. The Ambani family took a holy dip at the Triveni Sangam, a confluence of the Ganges, Yamuna, and Saraswati.....


As many as 1.38 lakh new companies incorporated between April 1,2024 to Jan 26, 2025  India is witnessing a significant uptick in company registrations, reflecting growing entrepreneurial activity and government-driven efforts to promote ease of doing business....


2025-02-11

- To Build Two 1,000-Bed Multi-Super-Specialty Hospitals and Medical Colleges in Mumbai & Ahmedabad  - Mayo Clinic, the world’s largest integrated not-for-profit medical group practice, will provide technical expertise in healthcare excellence Gautam Adani, Chairman of the Adani Group, has announced the launch of Adani Health City (AHC) integrated health campuses, to be implemented through the Group’s not-for-profit healthcar…


2025-02-10

Over the past decade, smartphones have climbed from being India's 167th-ranked export in FY15 to the country's second-largest export now Driven by record iPhone exports in January, Apple Inc has surpassed the Rs 1 trillion mark in free on board (FOB) export value within the first 10 months of FY25, marking the first time it has achieved this milestone in a single financial year..... More https://bit.ly/418dDD4 Via business-standard.com


Tech Mahindra’s push to partner with GCCs is in line with the company’s bid to increase its operating margins, focus on improving revenue growth in line with industry peers, and do away with tail accounts as part of its three-year roadmap called Project Fortius Tech Mahindra Ltd is in talks to build a global capability centre (GCC) for Ohio-based Goodyear Tire & Rubber Co.in Hyderabad, two people aware of the matter said. The cen…


DLF Joint MD Aakash Ohri talks about annual guidance, the way forward now that the company is cash positive, acquisitions, going slow on REITs, among others Buoyed by strong sales of 173 homes for ₹11,816 crore in its ultra-luxury project in Gurugram, realty major DLF is now targeting ₹23,000 crore-odd from the remaining 247 units at ‘The Dahlias’. This new project is the second ultra-luxury offering from DLF after the s…


According to NASSCOM, a not-for-profit industry association, the GCC (Global Capability Centers or the strategic unit of MNCs) market in India is projected to grow at a compound annual growth rate of 7-8%, reaching more than 4,300-4,400 GCCs by 2030. In December last year, Andhra Pradesh chief minister N Chandrababu Naidu, in a bid to boost employment opportunities for women, ordered state officials to facilitate development of co-working spaces …


The new rules extend to both new applicants and those renewing their visas. If a CoE is missing from the application, it not only voids the student visa request but also prevents the issuance of a bridging visa — a crucial document for students whose current visas are expiring. International students eyeing Australia for education must now navigate new student visa rules. The Australian government has revised its visa policies, effective Ja…


Assembly poll victory in Delhi adds to market optimism fuelled by fiscal and monetary support, even as FPIs maintain selling streak in early February Foreign Portfolio Investors (FPI) continued their relentless selling of Indian equities this past week with net outflows to the tune of ₹ 7,342 crore . This marked the ninth straight week of their remaining net sellers, depositories data showed.....


BT Mindrush Pods | Vinay Dube, Founder & CEO of Akasa Air, talks to Business Today on the country's aviation sector, why the airline was set up, and more. Akasa Air took to the skies in August 2022 and has since been recognised as one of the most on-time carriers. Founder & CEO Vinay Dube has been instrumental in steering Akasa through its formative years, building a fast-growing brand in this highly competitive sector. In the inaugural e…


The regulator has ordered all promotional material, websites related to Patel and her entity, to be removed Within a few days of tightening rules to curb unregistered finfluencers from providing stock tips, the Securities and Exchange Board of India (SEBI) has ordered the impounding of ₹53.67 crore from Asmita Patel, her Global School of Trading, and four associated entities for allegedly offering illegal investment advisory services …


2025-02-08

India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy. The Ministry of New and Renewable Energy said in a statement that this achievement is a testament to the nation’s commitment to a cleaner, greener future. It marks a significant step toward realising the ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030, se…


Upcoming Dholera airport may start operations later this year exclusively by handling international air cargo operations through freighter flights/passenger flights. Dholera International Airport Company Limited(DIACL) intends to commence international air cargo oeprations in initial phase from June/July 2025. Upcoming Dholera airport is located at around two hours distance from the city of Ahmedabad. The works for construction of a greenfield ex…


Dutta's inclusion in the will has sparked intrigue, not least because Tata, who passed away in October 2024, was famously private about his personal affairs. When the will of Ratan Tata was unsealed, it contained all the expected elements—substantial philanthropic commitments, family considerations, and meticulous distributions. But one name stood out, raising eyebrows across India’s business and social circles: Mohini Mohan Dutta....


Zoho's Sridhar Vembu urges entrepreneurs to hunt for talent at the source in Rural India which holds more youth demographic potential compared to the cities which rely on migration, according to the post on platform X.  Zoho Corporation's co-founder and Chief Scientist, Sridhar Vembu, urged Indian entrepreneurs to look towards the rural parts of India to access untapped talent, according to his post on platform X....


The number of Indian companies it was invested in rose to 550 in CY24 from 449 the previous year Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a portfolio value in excess of $1.2 trillion, raised its India bets last year despite the volatility in Indian equities.....


2025-02-07

The ACCC has denied authorisation sought by the Infant Nutrition Council for an industry code which seeks to restrict the advertising and promotion of infant formula. The Infant Nutrition Council sought authorisation to continue to implement the Marketing in Australia of Infant Formula: Manufacturers and Importers Agreement (MAIF Agreement) and its associated guidelines for a further five years. The ACCC considers that the effectiveness of the MA…


2025-02-06

India's beauty and personal care market, expected to reach $34 billion by 2028, is attracting major players. Industry giants like Reliance, Tata, and HUL, along with new ventures from Ananya Birla, are entering the competitive segment driven by e-commerce and rising disposable incomes. As dozens of beauty brands have popped in the past few years and global companies too begin to find promise in India, India's retail giants are betting big on the …


The listed food-tech player aims to double the area of its dark stores to 4 million sq. ft by March 2025. Growth investments being made into Swiggy’s quick commerce arm Instamart will mature over time as the firm works on reducing delivery costs and increasing advertising revenue, according to chief financial officer Rahul Bothra. The firm’s average order value in the October-December quarter was ₹534, up 14% yearon-year, while the …


OpenAI CEO Sam Altman, who had previously dismissed India’s ability to develop large-scale AI models, has now said the country should play a leading role in artificial intelligence In stark contrast to previously calling India’s efforts to develop its own large-scale artificial intelligence (AI) models “totally hopeless”, Open AI Chief Sam Altman said on Wednesday that India is one of the leaders of the AI revolu…


India and Saudi Arabia agreed to boost cooperation in the critical mineral sector, with Mines Minister G Kishan Reddy meeting Saudi Minister Bandar Ibrahim Alkhorayef to discuss investment and technological collaboration opportunities. India and Saudi Arabia on Tuesday agreed to strengthen cooperation in the critical mineral sector. Mines minister G Kishan Reddy held a high-level meeting with Saudi Arabia’s minister of industry and min…


Average wedding expenses in 2024 rose 14% to ₹32-35 lakh, driven by demand for personalized celebrations. Weddings now feature larger guest lists and more weekday ceremonies. Emerging destinations like Nainital and Dehradun are gaining popularity, while November remains the top wedding month. The big, fat Indian wedding is getting even bigger. Average wedding spends in 2024 jumped 14% year-on-year, reaching ₹32-35 lakh, up from …


India was the fourth largest beneficiary when US, China imposed bilateral tariffs in 2018-19; study says India gained to a much lesser extent than its Asian peers India can hope to gain from the raging US-China tariff war between the two countries if one goes strictly by the experience of the previous trade conflict unleashed by US President Donald Trump against Beijing during his first term, a government official said.....


More than 87 per cent of Việt Nam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95 per cent of transactions through digital channels. Digital banking services have achieved remarkable progress in recent years to betters serve citizens and businesses, according to insiders. Recent data revealed that more than 87 per cent of Việt Nam’s adult population now hold payment …


2025-02-04

The company also released Chitrarth 1, a vision-language model built on top of Krutrim 1, capable of understanding images and documents Ola founder Bhavish Aggarwal today announced an investment of Rs 2,000 crore in his artificial intelligence (AI) firm Krutrim. He also committed an investment of Rs 10,000 crore by next year.  The founder of Ola Electric and Ola Mobility announced the KrutrimAI lab. More importantly, he also announced that t…


Shantanu Naidu has become General Manager, Head - Strategic Initiatives at Tata Motors. “I’m happy to share that I’m starting a new position as General Manager, Head - Strategic Initiatives at Tata Motors! I remember when my father used to walk home from the Tata Motors plant in his white shirt and navy pants, and I would wait for him in the window. It comes full circle now,” Naidu wrote on LinkedIn....


2025-02-04

Modi has been invited to meet Trump in Washington next week. Few countries are moving faster than India to appease US President Donald Trump in an effort to head off a potentially devastating trade war. In a matter of weeks, Prime Minister Narendra Modi has delivered a rapid series of concessions to the White House on issues core to Trump’s agenda, offering an early picture of how New Delhi plans to deal with the new pre…


The CEO and co-founder of one of India’s largest battery recycling outfits breaks down the effects of the BCD waiver on critical mineral waste and its impact on India’s EV ecosystem. The freshly announced Union Budget 2025 leaves a lot to unpack, particularly with regards to just how a custom duty waiver on critical mineral scrappage is to help boost EV battery manufacturing. Here are a few...


Faster, simpler merger approvals with expanded fast-track scope on anvil, says FM Sitharaman As a potential game-changer for mergers and acquisitions (M&A) activity, theBudget has outlined plans to streamline requirements and procedures for faster company merger approvals.....


2025-02-03

Scam alert Key points   Scammers are impersonating Bunnings Warehouse by offering fake sustainability investment bonds. The scam offers higher than market returns and claims that investments are protected by the government. It contains links to Bunnings’ genuine website, but Bunnings does not offer bonds or any other investment products. ASIC is warning consumers about scammers impersonating legitimate businesses and offering…


Move will create strong EV ecosystem in India, says Shailesh Chandra, President, SIAM and MD, Tata Motors Passenger Vehicles and Tata Motors Electric Mobility The exemption of customs duty on the waste of lithium-ion batteries, scrap of cobalt powder, waste and scrap of lead and zinc, respectively, and 12 critical minerals will make electric vehicles cheaper in India, according to industry experts. ....


Signalling a commitment to research and development, Union Finance Minister Nirmala Sitharaman on Saturday allocated ₹20,000 crore to the Department of Science and Technology as a corpus for a fund to promote private sector-driven innovation......


New tax reforms, Make in India push, key National Missions, bonanza for election-bound Bihar and 100% FDI in the insurance sector among major announcements In a notable shift from the capex-led growth strategy of recent years, Finance Minister Nirmala Sitharaman on Saturday presented a middle class-friendly Budget, unveiling a slew of tax benefits aimed at putting more money in the hands of common taxpayers. The landmark personal income tax cuts …


2025-02-01

The Indian government looks to host Chinese AI model on domestic servers to enhance data security and ensure compliance with Indian regulations Chinese artificial intelligence chatbot DeepSeek has emerged as the most downloaded mobile app across 140 markets, with India contributing the largest share of new users. According to data from Appfigures, as cited by Bloomberg, India accounted for 15.6 per cent of all downloads across plat…


Marico reported a combined annual revenue run rate of ₹1,900 crore for its packaged foods and premium personal care segments.  Homegrown fast-moving goods company Marico Ltd, on Friday, said its packaged foods and premium personal care portfolio comprising categories such as oats, muesli, male grooming products and wellness supplements has clocked a combined annual revenue run rate (ARR) of ₹1,900 crore....


While India has over the last decade remained focused on improving ease of doing business (EoDB), there is a need to maintain the momentum especially in certain specific areas: CII Ahead of Budget 2025-25, the Confederation of Indian Industry (CII) has proposed a comprehensive 10-point agenda to further improve Ease of Doing Business (EoDB) in India, emphasizing the need for transparency, speed, and reduced compliance burdens.…


2025-01-31

Apple is optimistic about its future in India and is committed to investing in the country to drive future growth. The confidence is not unfounded. During the fiscal 2025 first quarter ended December 28, 2024, the Cupertino-based technology giant achieved record results in India, driven by strong iPhone sales.....


2025-01-31

The big push for charging stations is understandable. Range anxiety remains a worry for customers, more so in the case of electric cars At the Bharat Mobility Global Expo in Delhi earlier this month, three carmakers — Maruti Suzuki, Hyundai, and Vinfast — unveiled their newest electric cars. At the same time, they also spoke at length about their plans to set up an extensive charging infrastructure in the country...... More https…


IndiaAI Mission empanels 18,693 GPUs to support AI research and the development of indigenous large language models  In a significant move to bolster its artificial intelligence (AI) capabilities, India has decided to host China’s open-source AI model, DeepSeek, on local servers, even as it accelerates efforts to develop its own large language model (LLM) within the next ten months. The two-pronged approach was announced by A…


Driven by an improved product mix, Tata Motors’ revenue from operations improved by 3% y-o-y to Rs 1.13 lakh crore, but was lower than the estimate of Rs 1.17 lakh crore. Weighed down by contracting margins at Jaguar Land Rover (JLR), parent Tata Motors reported a 22% year-on-year (y-o-y) fall in consolidated net profit for the third quarter ended December. At Rs 5,578 crore, its net profit also missed the Bloomberg…


Forced to leave Mahakumbh for safety, Mona Lisa's fame brought challenges, including harassment and declining sales. While rumors circulated about her earning ₹10 crore in 10 days, she refuted these claims.....


Over 91 crore tokens issued up to December 2024 Card tokenisation has witnessed exponential growth in India, with over 91 crore tokens issued up to December 2024. These tokens have facilitated over 320 crore transactions, amounting to nearly ₹11 lakh crore, the Reserve Bank of India (RBI) said in a report...