#indianmarket

SC dismisses plea by industry bodies wary of donation disclosures, highlight ‘potential adverse impact of mandating parties to breach confidentiality’

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The Supreme Court on Monday, 18th March, dismissed an application filed by Assocham, FICCI and CII opposing the pleas that sought the disclosure of the invisible alphanumeric numbers embossed on electoral bonds. These numbers would reveal the details of who including which company donated money to whom through electoral bonds. Appearing for the industry bodies was senior … Read more

Union Government approves electric vehicle policy aimed at making India a hub of EV manufacturing, minimum ₹4,150 crore investment required

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In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles (EVs), the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. According to a press release, the policy, approved by the Ministry of Commerce and … Read more

IT employees’ union protests before labour commission against unfair mass layoffs, demotions by IT companies exempt from labour laws

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In India’s tech capital Bengaluru, employees of the IT/ITeS firms gathered under the flag of the Karnataka State IT/ITeS Employees Union (KITU) to stage a protest march in front of the Karmika Bhavana, the office of the state labour commission on Saturday, March 16. The employees of the IT/ITeS firms demanded that the exemption given to IT/ITeS companies … Read more

USA interfering in India once again ahead of elections: US Attorney’s Office for Eastern District of New York decides to probe Adani Group for a project in India

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The United States has expanded its investigation into India’s Adani Group, focusing on whether the conglomerate, along with its founder Gautam Adani, may have engaged in bribery. US prosecutors are examining whether Adani entities, or individuals associated with the company, were involved in paying officials in India for favourable treatment on an energy project. The investigation, led by the … Read more

India’s foreign exchange reserves cross $636 Billion, at over two-year high

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 India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India (RBI). The foreign exchange kitty rose for a third straight week to hit an over two-year high. Before March 8 week, the … Read more

SC Collegium overrules objection by Central Govt to appoint CPI(M) sympathiser advocate as Kerala HC judge

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On Tuesday (12th March), the Supreme Court Collegium rejected the Central government’s objection to advocate Manoj Pulamby Madhavan’s appointment as a Kerala High Court judge. The Central government had opposed Madhavan’s nomination since he was a supporter of the Communist Party of India (Marxist) (CPI(M)) and had previously worked as a Government Pleader in Kerala during the … Read more

As CAA is implemented, Owaisi, Al Jazeera and others start peddling misinformation, call for protests

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The Islamists and the Western media appear to have combined forces once again to peddle the same old narratives against the Citizenship Amendment Act (CAA) which was notified by the Modi government on 11th March. The announcement grabbed headlines worldwide as CAA was notified after a gap of four years. The CAA Bill was passed by the Parliament in … Read more

India, Indonesia central banks sign agreement to promote use of local currencies for bilateral transactions

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The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies – the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions. The MoU was signed by the Governor, Reserve Bank of India, Shaktikanta … Read more

Union Cabinet approves over ₹10,300 crore for IndiaAI Mission, to establish a comprehensive ecosystem catalysing AI innovation

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The Union Cabinet on 7th March approved an allocation of ₹10,371.92 crore for the IndiaAI Mission, marking a significant step towards bolstering India’s AI ecosystem, and to further the vision of Making AI in India and Making AI Work for India. The IndiaAI mission will establish a comprehensive ecosystem catalysing AI innovation through strategic programs and partnerships across the public … Read more

India’s diamond exports to fall 25-30% as Americans, Chinese aren’t buying enough

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Due to the severe decline in demand in the two biggest consuming markets, the US and China, the nation’s cut and polished diamond (CPD) export is expected to drop by 25–30% this fiscal year to a multi-year low of USD 15–16 billion, and it is unlikely to improve even the following fiscal year, according to … Read more