Singapore’s High Commissioner to India Simon Wong Wie Kuen on Saturday called upon Uttar Pradesh Chief Minister Yogi Adityanath. He said that Singapore firms are willing for investment in Uttar Pradesh due to connectivity and ease of doing business in the state. The meeting took place at the official residence of Yogi Adityanath in Lucknow. Simon was … Read more
Amid the report of China freshly creating fresh disturbance at the LAC, Union minister of Road Transport and Highway Nitin Gadkari has said that he has told US-based electric vehicle (EV) manufacturer Tesla not to sell China-manufactured cars in India. Gadkari further disclosed a conversation he had with asked Elon Musk, the head of Tesla manufacture. “I have … Read more
Shares of Tata Group Companies rallied on Wednesday with Tata Motors, Tata Motors DVR, Tata Power, Tata Chemicals and Tata Investment Corporation among companies that saw their share prices rise in the range of 10 to 20 per cent. Titan, Tata Steel and Tinplate were also among the stocks that contributed to the ongoing rally. The surge … Read more
The Enforcement Directorate (ED) has summoned the top management of Amazon Inc. and Future Coupons Pvt Ltd. (FCPL) for questioning and verification of documents in connection with their August 2019 deal. The ED has summoned Amazon’s India head, Amit Agarwal, besides promoters of the Future Group to turn up next week at the New Delhi headquarters of … Read more
The union cabinet today approved an incentive scheme to promote the use of RuPay debit cards and low-value BHIM-UPI transactions. The scheme, which will promote the use of RuPay debit cards and person to merchant UPI transactions upto Rs 2,000, was approved in a cabinet meeting on Wednesday chaired by Prime Minister Narendra Modi. … Read more
In a cabinet meeting chaired by PM Narendra Modi on Wednesday, the Union Cabinet approved an incentive scheme for the development of the semiconductors and display manufacturing ecosystem in India. The cabinet approved an incentive of ₹76,000 for the development of the semiconductors and display manufacturing ecosystem in India. With this, the total amount of incentives announced … Read more
The 2019 Amazon deal with Future Coupons, a unit of Future Retail Ltd, has been suspended by the chief national competition regulator in India, the Competition Commission of India (CCI). In addition, the regulatory body has also fined the US e-commerce giant Rs 200 crore for concealing facts while obtaining approval for the deal. The CCI said … Read more
In late April 2024, the International Monetary Fund (IMF) estimates revealed that India’s Gross Domestic Product (GDP) in Nominal terms will reach $4.34 trillion in 2025 while Japan’s GDP will be at $4.31 trillion. With this, India will overtake Japan to become the World’s 4th largest economy by next year. Incidentally, New Delhi’s jump to fourth place … Read more
Moving ahead with the vision of the Make in India programme, the Modi government has urged tech giant Apple Inc to generate annual production output worth around $50 billion in India over the next 5-6 years. The move comes after a high-level meeting top government officials held with senior representatives from Apple. The govt of India has … Read more
According to a senior procurement officer, the Indian Army will stop importing ammunition in the upcoming fiscal year since its domestic industry has increased its production capacity to satisfy the military’s requirements. The Indian Army’s Additional Director General (Procurement), Major General V.K. Sharma, said that although the army had previously placed a significant emphasis on imports to … Read more