India, Oman IT Cooperation Pact Gets Cabinet Nod
India and Oman have agreed to enhance their bilateral cooperation in the field of Information Technology. The Union Cabinet, chaired by Prime Minister Narendra Modi, was apprised of a Memorandum of Understanding (MoU) signed between the two countries on December 15, 2023. Objectives of the MoU The MoU intends to promote comprehensive cooperation between India […]
Sebi’s Disclosure Norms: No Major Impact on FPIs
Sebi, the market regulator of India, has issued new disclosure norms for foreign portfolio investors (FPIs) that have high exposure to a single corporate group or significant overall holdings in India. The norms are aimed at preventing the circumvention of regulatory requirements such as takeover rules and minimum public shareholding norms by FPIs. However, sources […]
JSW’s 38% Stake in MG Motor: Approved by Competition Commission of India
The Competition Commission of India (CCI) has cleared the proposed acquisition of up to 38% stake in MG Motor India by JSW Ventures Singapore, a subsidiary of JSW International Tradecorp and part of JSW Group. The deal is expected to boost the growth prospects of MG Motor India, which is engaged in the manufacturing and […]
Uttarakhand Summit 2023: 10 MoUs with Netherlands Companies
The Uttarakhand Global Investors Summit 2023, held on December 8 and 9, was a landmark event for the state, which aimed to establish itself as a new investment destination with the theme ‘Peace to Prosperity’. The summit was inaugurated by Prime Minister Narendra Modi and addressed by Union Home Minister Amit Shah in the presence […]
Oxford-TCS Partnership Ends, Future Collaborations Uncertain
Oxford University has announced that it has ended its relationship with Tata Consultancy Services (TCS) following technical glitches in online admission tests in 2023. TCS was hired by the university less than a year ago to design and deploy the admission tests for thousands of students annually. However, the university said that it received negative […]
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 […]
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. […]
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 […]