India to Get First National Security Semiconductor Fabrication Plant
India and the US have announced a joint project to establish a national security semiconductor fabrication plant in India. This collaboration aims to produce chips...
Tag : India
Navi Overtakes Amazon Pay and Emerges as Fifth Largest UPI Player
According to data from the National Payments Corporation of India (NPCI), Sachin Bansal’s fintech company Navi Finserv has surpassed Amazon Pay to become the fifth-largest...
Decrease in Crude Oil Prices Affecting India’s Oil Exports: CRISILÂ
The decrease in crude oil prices has affected India’s oil exports, resulting in a decline in overall exports in August. According to CRISIL, the scarcity...
India to Receive USD 1 Billion Investment from PD Group for AI-ready Data Centres
Princeton Digital Group (PDG), a data centre company based in Singapore, has revealed plans to invest USD 1 billion to expand its capacity to 230...
DPDP Likely to Offer Consent Framework Instead of Exact Rules: Report
The Digital Personal Data Protection (DPDP) Act’s regulations might establish a comprehensive framework for companies to manage consent rather than providing specific rules. These regulations...
Government of India working on New Income Tax Act
The Finance Ministry’s Revenue Department is expediting a comprehensive review of the Income Tax Act of 1961 to simplify and condense it by removing up...
e6data Secured USD 10 Million in Series A Funding led by Accel
Enterprise software company e6data has secured a USD 10 million Series A funding round led by Accel and with participation from Beenext. e6data aims to...
Gross Direct Tax Collections Surged by 21% to Rs 12.01 Lakh Crores, April-Mid Sept Data
India’s gross direct tax collections for 2024 showed significant growth, with a 21.48% increase as of September 17, 2024. The surge in Securities Transaction Tax...
US Fed Interest Rate Cut by 50 Basis Points and its Impact on India
On Wednesday, September 18, the US Federal Reserve cut interest rates by 50 basis points, marking the first reduction over four years. In its announcement,...
India’s Trade Deficit Widened in August as Exports Slump and Imports Surge to Record High
According to the Commerce Ministry, India’s total exports, including both merchandise and services, dropped by 2.4% to $65.4 billion in August 2024, compared to $67...