Proposed India bill banning crypto payments could mean jail for violations: Report
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According the summary of the bill, the Indian government is planning a «general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealingâ in digital currencies as a »medium of exchange, store of va
PLI scheme in food processing: Parle Products expects 20-25% growth in exports
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The company, which exports its products to over 100 countries globally, feels that the PLI scheme will help it in becoming cost competitive, besides increasing competitiveness abroad with offerings of quality products.
FedEx Express strategic alliance transaction has taken effect following satisfaction of closing conditions including regulatory approval from the Competition Commission of India, the subsidiary of Fedex Corp said in a statement.
Launched in October 2015 and sold through the companyâs premium retail chain NEXA, the model had crossed the 5 lakh units cumulative sales in November 2018 and touched the 10 lakh units milestone in November this year, Maruti Suzuki India Ltd (MSIL) sai
TVS Motor ties up with Grupo Q for Nicaragua, Costa Rica markets
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Active Motors SA, a subsidiary of Grupo Q, will support the company with dedicated sales, service, spares and customer relationship management (CRM), TVS Motor Company said in a statement.
Exclusive | Biocon in talks with Mylan to merge biosimilar businesses, plans IPO after merger: Sources
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xxBiocon and Mylan are in advanced talks for combining their biosimilar businesses to create a large company in which Biocon seeks to hold a controlling majority stake, sources told Moneycontrol
Generali eyes bigger stake in India businesses as Future seeks exit: Sources
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Generali wants to increase its stake to as much as 74% in both the life and non-life insurance entities in India from 49% currently, added the sources, who declined to be identified as the talks were private.
IT-BPM industry to add 3.75 lakh jobs in FY22: Report
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India Information Technology and Business Process Management (IT-BPM) will grow from 44.7 lakh to 48.5 lakh by March 2022, according to the TeamLease Digital Employment Outlook Report by TeamLease Digital, the specialised staffing division of TeamLease Servic
Show-cause notice issued to Air India, Vistara for violating COVID guidelines for international arrivals
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Four international passengers, one in Air India and three from Vistara, were allowed to board flights without filling their self-declaration forms (SDF).
Indiabulls Housing Finance#39;s Rs 1,000-crore public issue of bonds opens Thursday
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The issue has a base size of Rs 200 crore with an option to retain oversubscription up to Rs 800 crores, aggregating to up to Rs 1,000 crore, the company said in a regulatory filing on Wednesday.
JPMorgan says 2022 to see full global economic recovery
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The bank#39;s outlook report for next year said new vaccines and therapeutics would result in a "strong cyclical recovery, a return of global mobility, and a release of pent-up demand from consumers.
Instagram CEO urges industry body on best practices for kids online
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Adam Mosseri, who heads Instagram which is part of Facebook parent Meta, said in written testimony before a Senate panel the industry body should address «how to verify age, how to design age-appropriate experiences, and how to build parental controls.&
The central bank also clarified that low credit growth does not necessarily mean low credit flow to the economy, or choking of credit to the system, as bank credit growth numbers that the central bank publishes regularly represent only the outstanding credit
TRAI seeks public views on simplifying process for telecom, broadcast players
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The Telecom Regulatory Authority of India (TRAI) in its consultation paper on #39;Ease of Doing Business in Telecom and Broadcasting Sector#39; floated on Wednesday has sought views on making all the permissions online and setting up a single-window clearanc
Companies revamping employee benefit strategy in view of pandemic, says survey
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While 68 per cent companies in India offer market competitive benefits, only 43 per cent address the individual needs of their workforce and even fewer (32 per cent) offer significant flexibility and choice, according to the India findings of the 2021 Benefit
The acquisition will help the homegrown edtech company â which has 115 million students on its learning platform â integrate GeoGebraâs capabilities to enable the creation of new product offerings and learning formats to its existing mathematic
Simple Energy to invest Rs 2,500 crore to set up EV manufacturing facility in Tamil Nadu
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The proposed facility, spread in 600 acres of land, would be the companyâs second such production unit and is expected to be functional by 2023, the Bengaluru-based company said in a release.
Airtel inks deal with Juniper Networks to expand broadband network coverage
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Airtel has expanded its Fibre-to-the-Home broadband coverage to over 430 towns with plans of covering 30 million households in over 2,000 cities in the next three years.
Volkswagen secures raw materials as part of $34 billion battery push
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At the core of the three agreements, which are part of VWâs 30 billion euro ($34 billion) plan to build battery plants and procure materials, lies a planned joint venture with Belgian chemicals and recycling company Umicore.
ABB India to deploy next-gen digital tech for power supply in Indore
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In the first phase of the collaboration, this technology enabled more than 2,300 connections to achieve 24/7 electricity supply with an efficient automatic response system (ARS) in case of power outages or disruption, ABB India said in a statement.
Regulatory regime needs to be simple to avoid fresh litigations: Sunil Mittal
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Addressing the India Mobile Congress event, Mittal noted that a lot of litigations remain in the telecom sector and added that new cases must be avoided.
Meta to skill 1 crore small businesses, 2,50,000 creators in India
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CFINE is housed in one of Metaâs largest offices in Asia that has been set up in the city. The new office will house various teams from Facebook, Instagram and WhatsApp.
Mobile industry to play key role in India#39;s vision for $5 trillion economy by 2025: Kumar Mangalam Birla
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Speaking at India Mobile Congress event, Birla asserted that a robust industry is necessary to invest and accelerate the achievement of Digital India vision.
SPARC inks licensing pact with Visiox Pharma for ophthalmic products
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The company has entered into an agreement with Visiox Pharma LLC (Visiox) to grant exclusive worldwide rights (except for India and Greater China) for the development and commercialisation of PDP-716 and SDN-037, SPARC said in a statement.
Hyundai lines up Rs 4,000 crore investment to drive in 6 EVs in India by 2028
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The company is planning to roll out a mix of models based on its existing range as well as completely new vehicles based on its global platform #39;E-GMP#39; over the next few years.
COVID-hit small businesses worried about impact of possible third wave
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Uncertainty about the latest variant of the coronavirus has small businesses worried about lockdowns and the impact on their ability to compete in the export market and repay loans.
Citroen to hike C5 Aircross SUV price by up to 3% from January
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The effective price increase will be up to 3 per cent on the existing ex-showroom prices of the Feel and Shine variants of the model, the automaker said in a statement.
Volkswagen launches new Tiguan UV tagged at Rs 31.99 lakh
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The company at the launch event here on also announced the opening of bookings from Tuesday with deliveries expected to commence from mid-January next year.
Spinny becomes 42nd unicorn of 2021, raises $283m from ADQ, Tiger Global others
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The round saw investments from Abu Dhabiâs ADQ, existing backers Tiger Global Management and Avenir Growth, and Feroz Dewanâs Arena Holdings and Think Investments, valuing Spinny at $1.8 billion
Welspun One Logistics Parks acquires 40 acres of land to set up warehouse in Bengaluru
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This is the first of six projects as part of the memorandum of understanding (MoU) that Welspun One recently has signed with the Tamil Nadu governmentâs nodal agency to set up warehousing facilities across the region, WOLP said.
Biocon ties up with Tabuk Pharmaceuticals to commercialise speciality medicines in Middle East
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Tabuk Pharmaceutical Manufacturing Company is a fully-owned subsidiary of Astra Industrial Group, a leading pharmaceutical company in the Middle East and North Africa (MENA) region.
