Department of Fisheries Signs Agreement with ONDC
The Department of Fisheries (DoF) has signed a Memorandum of Understanding (MoU) with the Open Network for Digital Commerce (ONDC) to provide a digital platform for buying and selling fish and fish products through e-marketplace. The MoU was signed in the presence of Union Minister of Fisheries, Animal Husbandry and Dairying Shri Parshottam Rupala, Minister […]
Xiaomi Premium Journey Will Persist: Muralikrishnan B
Xiaomi, the Chinese tech giant, has been a dominant player in the Indian smartphone market for many years. However, in recent times, the company has faced stiff competition from rivals like Samsung, Vivo and OnePlus, especially in the mid-range and premium segments. To regain its lost market share and customer preference, Xiaomi has embarked on […]
Paytm and Axis Bank to UPI Third-Party Route
Paytm and Axis Bank Partnership Paytm, India’s leading digital payments platform, and Axis Bank, one of the largest private sector banks in the country, are set to apply this week for the third-party application provider (TPAP) route for Unified Payments Interface (UPI), according to a report by Moneycontrol. The joint application will be submitted to […]
Rubber Import Duty Remains Unchanged, Confirms Official
The government has confirmed that the import duty on rubber will remain unchanged at 10%, despite the requests of the domestic rubber industry to increase it to 25%. The industry had sought a higher duty to protect itself from cheap imports, especially from China and Vietnam, which have been flooding the Indian market. Reasons for […]
CBDT Sets Rs 1 Lakh Cap for Withdrawing Old Tax Demands
The Central Board of Direct Taxes (CBDT) has issued an order to implement the scheme announced in the Budget 2024-25 by Finance Minister Nirmala Sitharaman to withdraw old tax demands up to Rs 1 lakh per assessee till Assessment Year (AY) 2015-16 . The scheme is expected to benefit about 1.11 crore taxpayers who have […]
Tata Group Market Cap Surpasses Pakistan’s GDP at $365B
The Tata Group, India’s largest and most diversified conglomerate, has achieved a remarkable feat of surpassing the gross domestic product (GDP) of Pakistan in terms of its market capitalisation. According to various reports , the aggregate market value of the Tata Group enterprises is around $365 billion or over Rs 30 lakh crore, which is […]
Adani Group in Rs 21k Cr Funding Talks with Sovereign Funds
The Adani Group, one of India’s largest conglomerates, is in advanced talks with sovereign funds based in West Asia to raise over Rs 21,000 crore ($2.6 billion) for its airport expansion and green hydrogen projects, according to a report by Business Standard. Airport expansion of Adani Group The Adani Group, which acquired six airports in […]
30-Minute Baggage Delivery Mandate for Airlines: BCAS
If you are a frequent flyer in India, you may have experienced the frustration of waiting for your luggage at the airport. Sometimes, it can take up to an hour or more for your baggage to arrive at the belt area, especially if there are technical issues or congestion. This not only affects your travel […]
CBI’s Power Abuse in Chanda Kochhar Case: Bombay HC
The Bombay High Court has criticised the Central Bureau of Investigation (CBI) for arresting former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI-Videocon loan case, claiming it was done “without application of mind and due regard to the law” . The court said the arrest amounted to an “abuse of […]
BYJU’S Secures $300M Investor Commitment in Rights Issue
BYJU’S, India’s leading edtech company, has received a commitment of $300 million from investors for its ongoing rights issue, which is expected to close by the end of February. The rights issue aims to raise $200 million at a valuation of $220-250 million, a steep drop from its peak valuation of $22 billion. What is […]