#newsindia

PM Modi inaugurates Boeing India Engineering and Technology Centre in Bengaluru, the largest such Boeing campus outside the US

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Prime Minister Narendra Modi on Friday inaugurated a new state-of-the-art Boeing India Engineering and Technology Center (BIETC) campus in  Bengaluru. Built with an investment of Rs 1,600 crores, the 43-acre campus is Boeing’s largest such investment outside the US. Boeing’s new campus in India will become a cornerstone for partnership with the vibrant startup, private and … Read more

Bengaluru water crisis: ₹20 lakh fine collected from over 400 families for using potable water in activities like washing vehicles and gardening

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The Bengaluru Water Supply and Sewerage Board (BWSSB) has fined 407 people in the city for using potable water for gardening and washing vehicles. A fine of Rs 20.3 lakh was collected from these people in the city that has been facing acute water scarcity for the last 2 months. Notably, since 10th March, a fine of … Read more

Elon Musk’s Tesla in talks with Mukesh Ambani’s Reliance Industries to set up EV manufacturing plant in India: Report

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Electric vehicle (EV) manufacturing giant Tesla is reportedly looking to set up a joint venture with Reliance Industries Limited (RIL) to establish an EV manufacturing arm in India. According to a report in The Hindu Business Line citing sources, the talks for a joint venture between Billionaires Elon Musk and Mukesh Ambani are currently in the initial stages. This comes amid … Read more

Sensex crosses 75000 mark, was at 25000 when Modi govt came to power in 2014: How 10 years of Modi rule has been a boon for the stock market

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In historic development on the 9th of April, the Sensex crossed the 75,000 points mark for the first time and the Nifty 50 opened above a new record high of 22,700 mark. Up 382 points or 0.5%, the BSE Sensex opened at its all-time high of 75,124.28. In keeping with this, the Nifty 50 opened at 22,768.40 as opposed … Read more

Google announces $10 billion investment in India’s digitisation fund, to boos the country’s digitisation drive and fintech potential

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On Friday, 23rd June 2023, Google made a momentous commitment to India’s digital future by announcing a $10 billion investment in the country’s digitisation fund. During a meeting between Google CEO Sundar Pichai and Prime Minister Narendra Modi, Pichai expressed admiration for India’s fintech leadership and pledged support to small and large businesses not just in India but also … Read more

World Bank gives nod to $1.5 Billion financing for India’s low-carbon transition

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On the 29th of June, the Board of Executive Directors of the World Bank approved $1.5 billion in financing to India. Its aim is to accelerate India’s development of low-carbon energy. It will help India promote low-carbon energy in three separate ways.  First, with more finance at its disposal, India will scale up and accelerate the pace … Read more

This will be a game changer for the payments industry: Payments Council of India welcomes RBI allowing tokenisation of cards through banks

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The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the Reserve Bank of India’s (RBI) move to enable the issuing of tokens for cards via internet and commercial banks. This RBI decision, announced through a recent circular, will empower cardholders by offering them an additional option to … Read more

Modi govt planning to slash import duty of electric vehicles to 15% from 100% after Tesla proposal committing manufacturing in India, says report

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The long wait for entry of Tesla cars may be over as the Indian government is reportedly working on a new electric vehicle policy reducing import duty on imported cars. According to a report by Reuters, officials in the Modi government have said that the new policy could allow automobile companies to import fully-built electric cars to … Read more

PM Modi addresses B20 Summit, urges businesses to become more consumer-centric, calls for framework of cryptocurrencies and ethical use of AI

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On Sunday (27 August), Prime Minister Narendra Modi delivered a keynote address at the Business 20 (B20) Summit 2023 which is organised by CII. Notably, B20 is the official G20 dialogue forum with the global business community. Through his address, PM Modi laid a strong pitch for inviting business leaders and investors to become a … Read more

Financial influencer Ravindra Bharti, who promised up to 1000% returns, ordered to pay Rs 12 crore by SEBI, banned from securities market

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A financial influencer (finfluencer) who was also involved in imparting training related to stock market trading has been asked to part with a little over Rs 12 crore, which it made unlawfully. The person, Ravindra Balu Bharti, is directed to credit/deposit the money to an interest bearing Escrow Account created specifically for the purpose in … Read more