Prime Minister Modi Urges Swedish Firms to Expand in India
Narendra Modi invited companies from Sweden to expand their footprint in India by emphasising the potential benefits that can be realised in sectors such as manufacturing, clean energy, and advanced technology. During the visit, while addressing a business session in Gothenburg, he motivated the corporate sectors in Sweden to take part in initiatives like Make…
Himanshu
United States May Close Fraud Cases Linked to Adani GroupÂ
The US government is believed to be considering a move to stop any fraud investigations into Gautam Adani and his companies associated with the Adani Group, according to news sources citing individuals close to the case. This will come as a huge relief for the Adani Group, which has been under intense scrutiny from regulators…
Vipin Kumar
Indian Government Extends Sugar Export Restrictions
The Indian Government has announced that it will continue the current ban on sugar exports till 30 September, which protects the supply of sugar in India while preventing price increases in the domestic market. The continued restriction by the Government comes amid growing concerns about a lower projected sugar production for the upcoming crop year,…
India Hikes Gold and Silver Import Tariffs to 15%
The Indian government raised its gold and silver import taxes to 15% in order to protect its foreign currency reserves while reducing the amount of precious metals entering the country. The move comes amid concerns that higher imports of gold and silver have widened pressure on the country’s current account and increased demand for foreign…
Yash Sharma
BofA India Settles SEBI Insider Trading ProbeÂ
Bank of America’s Indian investment banking arm has reached a settlement with market regulator SEBI to resolve accusations of insider trading and merchant banking rule violations. The Securities and Exchange Board of India issued a settlement order, which BofA Securities India accepted by paying ₹58.5 lakh to resolve the matter without admitting or denying the…
Seetu kumar
Novartis Invests in India for Advanced Drugs & Medicine
Swiss Pharma company Novartis is boosting its strategy in India. The company aims to focus mainly on areas of advanced medicines and innovation. Earlier, Novartis had two types of businesses in India: legacy brands and new innovative medicines and research. But now, the company is making waves with its new approach to prioritise areas like…
Bhumika
India Bolsters Export Scheme Amid Iran Conflict Fears
India is planning to increase support for exporters by strengthening its RoDTEP scheme, which refunds taxes and duties paid on exported goods. The move comes as the Middle East conflict and high shipping costs hurt India’s trade outlook. The scheme is currently valid until September 30 and has a budget of just over $1 billion….
Skyroot: India’s First Space Unicorn Raises $60 Million
Skyroot Aerospace, a Hyderabad-based space start-up, has received funding worth $60 million (approximately ₹570 crore) from various sources, including Sherpalo Ventures, the sovereign wealth fund GIC of Singapore, BlackRock, Greenko Group founders, Arkam Ventures, Playbook Partners, and Shanghvi Family Office. Some investors, such as Playbook Partners and the Shanghvi Family Office, invested in Skyroot for…
PNB Boosts Cybersecurity Budget Amid Rising AI Threats
India’s Punjab National Bank (PNB) is increasing its spending on cybersecurity and speeding up the purchase of new technology to protect itself from growing digital threats. These now include risks from advanced artificial intelligence systems such as those developed by Anthropic. On Tuesday, a senior official from PNB Bank said that they have set aside…
India Car Sales Rise in April Amid Middle East Crisis
India car sales grew strongly in April, according to the Federation of Automobile Dealers Associations. However, rising tensions in the Middle East may affect sales in the coming months. Passenger vehicle sales increased by 12.2% compared to last year, reaching 407,355 units. This is the highest ever for April. The growth was supported by lower…
