E-Bikes Over ‘4 Lakh in Hero Moto’s Green Drive
Hero MotoCorp, India’s largest two-wheeler maker, is gearing up for the electric vehicle market with plans to launch premium e-bikes priced over Rs 4 lakh in collaboration with Zero Motorcycles, a US-based company. The company will also expand its green portfolio with more affordable versions of its Vida electric scooter, targeting the entry-level and B2B […]
HDFC: First Bank with 2 Crore Credit Cards
HDFC Bank, India’s largest private sector lender, has achieved a new milestone by issuing 2 crore credit cards to its customers. This makes HDFC Bank the first bank in India to reach this mark, ahead of its competitors like SBI, ICICI and Axis Bank. According to the latest data from the Reserve Bank of India […]
AI Boosts Hiring Efficiency at Incruiter
Incruiter, a provider of interview solutions, is leveraging artificial intelligence (AI) to enhance the hiring processes of companies. The startup has recently launched IncBot, an AI video interview software that conducts the initial round of interviews and reduces hiring time by 80%. The startup was founded in 2018 by Anil Agarwal and is headquartered in […]
AI in India: Cabinet to Review Rs 10,000 Cr Proposal
The Ministry of Electronics and IT (Meity) will soon seek cabinet approval for the India AI programme, which aims to build GPU-based servers in public-private partnership mode with an outlay of over Rs 10,000 crore, according to Minister of Electronics and IT Rajeev Chandrasekhar. Introduction Artificial intelligence (AI) is a key technology that has the […]
Swiss-India Trade Deal Sealed After 16 Years
Switzerland and India have reached a consensus on a free trade agreement (FTA) after 16 years of negotiations, according to a post by the Swiss Economy Minister Guy Parmelin on X . The deal is expected to create jobs for young Indians and safeguard Switzerland as an industrial location. Background The FTA negotiations between the […]
AIIB invests $58.4 million in India’s largest renewable energy InvIT
The Asian Infrastructure Investment Bank (AIIB) has become an anchor investor in India’s largest renewable energy Infrastructure Investment Trust (InvIT) with an investment of INR 4.86 billion (around USD 58.4 million equivalent). The InvIT, named Sustainable Energy Infra Trust (SEIT), has eight operating solar power plants with a total capacity of 1.54 gigawatt-peak across India. […]
YES BANK: First Indian Bank on RXIL’s ITFS Platform
Yes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA) . This strategic partnership facilitates arranging credit for exporters and importers from both […]
Canada’s 2-Year Visa Cap: Implications for Indian Students
Canada has recently introduced a new policy that limits the number of international student visas to be issued over the next two years. The cap is aimed at addressing the housing crisis and targeting problematic institutions that exploit international students. However, the policy could also have negative consequences for Indian students who see Canada as […]
Gold, Silver Coin Import Duty: Centre Announces 15% Hike
The government has announced an increase in import duties for gold and silver findings, as well as coins made of precious metals. The new duty rate is 15%, which includes a Basic Customs Duty (BCD) of 10% and an Agriculture Infrastructure and Development Cess (AIDC) of 5%. However, this increase does not apply to the […]
Nova Agritech IPO: Key Points Before You Subscribe Today
Nova Agritech Ltd, a Hyderabad-based company that manufactures and markets products for soil health, plant nutrition and crop protection, is launching its initial public offering (IPO) today. The issue will close on January 25, 2024. Here are some key points to know before you subscribe: