Foxconn Fuels India’s Tech Boom with $1.5 Billion Injection
In August, Foxconn announced plans to invest $600 million in two projects in the Southern Indian state of Karnataka. These projects are focused on chip-equipment manufacturing and casing components for iPhones.
The Retail Giant’s New Strategy: Walmart Increases Imports from India
Walmart’s imports from China decreased from 80% in 2018 to 60% between January and August 2023. Conversely, imports from India, which were just 2% in 2018, rose to 25% during the same period in 2023.
Playing to Win: The Lucrative Rise of Esports in India
Gaming in India is now widespread beyond metropolitan areas, engaging a wide demographic. Approximately 75% of GenZ and 67% of Millennials, as well as 58% of women, are identified as serious gamers.
Market Manipulation Leads to SEBI Banning 9 Firms for Two Years
The probe, which covered the period from April 2018 to September 2019, revealed that they collected fees from 4,536 clients, amounting to Rs 810.24 lakh, through six partnership firms that were not registered with SEBI.
LIC Unveils Jeevan Utsav, Offering 10% Sum Assured as Regular Income
The eligibility criteria for Jeevan Utsav vary based on the age of the life assured. There’s no limit to the maximum sum assured, but it will be based on LIC’s underwriting policy. The basic sum assured can be increased in increments of Rs. 25,000 up to Rs. 24 lakh and then by Rs. 1,00,000.
Smaaash Brand Ownership Restored by NCLT: Ending Fraudulent Transfer Saga
The Mumbai bench of the National Company Law Tribunal (NCLT) has made a significant ruling in the case of the Smaaash brand, an insolvent sports entertainment company.
The Future is Electric: Karnataka’s Bold 2023 EV Policy Agenda
This ambitious policy is designed to attract an investment of approximately Rs 50,000 crore and generate job opportunities for one lakh individuals over the next five years
“Engineering Growth: India Witnesses a 7.2% Rise in Exports Amidst International Flux
In October 2023, India’s engineering exports rose by 7.2% to USD 8.1 billion, contributing significantly to the nation’s overall exports of USD 62.26 billion for the month.
Bharat Biotech and University of Sydney Forge New Paths in Vaccine Research with MoU
Bharat Biotech International Limited and the University of Sydney have recently signed a landmark Memorandum of Understanding (MoU) to collaborate on vaccine research, marking a significant step in the global fight against infectious diseases
Digital Payments Surge in India: RBI’s Latest Data Reveals a Declining Trend in Cash Transactions
The recent data from the Reserve Bank of India (RBI) highlights a significant shift in the Indian financial landscape, with digital payments showing robust growth while cash transactions are on the decline.