CATEGORIES

Zoho-backed Silectric to invest ₹3,426 cr in Karnataka

SILECTRIC SEMICONDUCTOR MANUFACTURING, a venture backed by Chennai-based Zoho Corp, will invest ₹3,425.6 crore to set up a manufacturing unit in Karnataka's electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs.

Seed funding hits a 4-year low

DESPITE A MODEST recovery in startup funding this year, seed-stage investments remain in a slump, hitting their lowest since 2020.

Former SC judge named as new NHRC chairman

FORMER SUPREME COURT judge V Ramasubramanian has been appointed the new chairperson of the National Human Rights Commission, the rights panel said on Monday.

Officers will have to learn groundworks for better coordination, says Vaishnaw

WHILE STRESSING ON the need for better coordination and understanding between ground level employees and the officers, Union minister for railways Ashwini Vaishnaw had on Saturday said that a module has been formulated for officers and employees, where both will be given training about each other's work.

Suspension of Swiss MFN status not to hit EFTA pact

THE SWISS DECISION to suspend the most favoured nation clause in the Double Taxation Avoidance Agreement will not delay the ratification and implementation of the already signed trade agreement between India and the EFTA bloc, Switzerland has said.

NFRA's move on 'SQM' rules needless, says ICAI

THE NATIONAL FINANCIAL Reporting Authority's (NFRA) move to notify standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary, said Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India (ICAI).

West Asia share of crude imports at 9-month high

● Russia continues to be the top oil supplier to India

Double counting: $3-4 bn downward revision in gold import figures likely

AN UNUSUAL JUMP in gold imports in November (180 tonnes in volume, i.e., three times the average in the first 10 months, $14.3 billion compared with $4.3 billion in the first 10 months) is partly being explained by the double counting of gold-as it enters Special Economic Zones (SEZs) and then again as it exits the SEZs.

Discoms to miss target to cut AT&C losses again

DESPITE A SIGNIFICANT reduction in the national aggregate technical & commercial (AT&C) losses of electricity from 27.8% in 2008-09 to 15.37% in 2023, several states continue to report high losses over the past five years.

‘Mineral-rich Chhattisgarh now an investment destination too’

A year after assuming office, Chhattisgarh chief minister Vishnu Deo Sai has unveiled a new industrial policy aimed at attracting investments in various sectors such as semiconductors, information technology, electronics, food processing, renewable energy, tourism, and education.

1% rise in m-cap of firms boosts GDP growth by 0.6%: SBI report

A 1% RISE in market capitalisation leads to a 0.6% rise in gross domestic product (GDP) growth rate, according to a report by SBI Economic Research Department.

Bangladesh owes Tripura ₹200 crore in power dues

BANGLADESH OWES TRIPURA ₹200 crore in electricity dues but no decision has been taken on halting power supply to the neighbouring country yet, chief minister Manik Saha said on Monday.

Govt plans to cut agri transportation costs

UNION MINISTER FOR agriculture and farmers' welfare Shivraj Singh Chouhan said on Monday that the government is developing a new scheme to reduce the transportation cost of farm produce and ensure higher income for farmers.

GST panel against tax relief for EV charging stations

THE FITMENT COMMITTEE of the GST Council has recommended maintaining \"status quo\" in the current taxation structure for electric vehicle (EV) charging services, even as the industry is batting for complete exemption or a reduction in the tax rate from 18% to 5%, according to official sources.

Centre may peg FY26 fiscal deficit at below 4.5% of GDP

FOCUS ON IMPROVING QUALITY OF PUBLIC SPENDING: FINANCE MINISTRY

PM's pre-Budget consultation with economists today

AHEAD OF THE Budget for 2025-26, Prime Minister Narendra Modi will interact with a group of economists to seek their suggestions on maintaining economic growth momentum amid global uncertainties, a key focus area of the government.

Byju's: ICAI panel probing auditing lapses

CHARTERED ACCOUNTANTS' APEX body ICAI president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju's, reports PTI.

It's slow going at Indiamart

THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS

ISRO to study how crops grow in space on PSLV-C60 mission

DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.

Scott Boland & the 'stolen generation'

ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.

If it is business as usual, Viksit Bharat by 2047 will not happen

Raghuram Rajan, former RBI governor, in an interview with Udit Misra, speaks on a wide variety of topics, ranging from inflation to GDP growth to the impact of possible global trade war under President Trump's second term. Excerpts:

26 members enter startup billionaire club in 2024

Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.

Smartphone exports set to top ₹1.70 L cr

India's smartphone industry added exports worth ₹2.87 lakh crore, with domestic value addition reaching nearly 20%, according to ICEA. The sector's success is attributed to a strong government-industry partnership. In FY24, smartphone exports totaled ₹1.29 lakh crore, and electronics exports reached ₹2.41 lakh crore, with iPhones making up a significant portion. The government is focusing on export-led growth in this sector.

Broker strength falls 40% on compliance burdens

Brokerage firms are facing increasing compliance burdens, leading to a 40% decline in strength.

Eliminates odour, cleans indoor air in a jiffy

Ideal for bedrooms, offices, or small living areas

'Consumers prioritise value, want devices tailored to their needs'

JEFFREY LIANG, PRESIDENT, BENQ ASIA PACIFIC

GOVO GOBUDS SPORTComfortable fit for long sessions

These earbuds have low latency and a strong battery

Tech redefines how we shop in-store

AI provides cues according to individual tastes

Sensible. Sustainable. Sensual

All the luxury you need, at half the price of a luxury car & two times fuel efficiency

Has the 'Indian' car brand come of age?

Consumers are no longer hung up on global badges