The commerce and industry ministry is preparing a Cabinet note to remove the foreign exchange requirement for services supplied by special economic zones to domestic tariff areas, ETCFO reports. Section 2(z) of…
UPI transactions reached a record Rs 29.88 lakh crore in July, according to data from the National Payments Corporation of India. The value rose 19% from Rs 25.08 lakh crore in July…
AIG’s second-quarter adjusted profit rose 10% to $2 per share, beating Wall Street’s $1.92 estimate, Reuters reported in Livemint. Strong underwriting helped offset higher catastrophe-related claims. The insurer’s general insurance net premiums…
The Union Cabinet on August 6 approved a 135.871-km, four-lane access-controlled Guwahati-Tezpur corridor on NH-15 in Assam at a cost of Rs 8,970.20 crore. The Hindu reports the project will be built…
German auto components maker Mahle plans to invest more than $30 million a year in India and double its domestic business to $1 billion within five years, ET Auto reports. The company…
Akasa Air has secured a Rs 740 crore working capital loan from IndusInd Bank under the government-backed Emergency Credit Line Guarantee Scheme, The Hindu Businessline reports. It is the second Indian airline,…
India’s Gen Z could help bring an estimated 31,000 tonnes of household gold, valued at nearly Rs 315 lakh crore, into productive financial channels, according to the World Gold Council’s Swarnim Udaan…
The Telecom Manufacturing Zone in Gwalior has secured fresh investment commitments worth Rs 2,000 crore, The Economic Times reports. The commitments from nearly 18 companies are expected to create close to 4,000…
Congress leader Rahul Gandhi has launched an Instagram “Ask Me Anything” session, inviting students and Gen Z users to submit questions. He said he would answer as many as possible. During the…
China’s newer export surge is being driven by state-backed strength in electric vehicles, batteries, solar equipment, semiconductors, robotics, artificial intelligence and pharmaceuticals, Frontline reports. The country accounted for roughly a third of…
