Apple may expand manufacturing beyond iPhones in India, while Google could shift more device exports from China, govt says NEW DELHI: India expects Apple to widen its manufacturing footprint beyond iPhones, whereas Google could shift a substantial share of its export-oriented device production from China to India, electronics and IT minister Ashwini Vaishnaw said.Vaishnaw told … Read more
India’s eased FDI rules for investors with under 10% stakes in Chinese entities attract over $500 million in foreign investment since May NEW DELHI: Govt’s decision to allow companies and funds with under 10% holding of Chinese entities has helped generate over $500 million (Rs 4,895 crore) foreign direct investment since the rules were eased … Read more
Govt conclave flags PSBs’ shrinking CASA share and weaker presence in high-value banking segments NEW DELHI: Public sector banks (PSBs) have rapidly lost market share in the higher value segment of the industry, such as credit cards business, where they are offering lower range card variants and in global capability centres (GCCs), to private and … Read more
Informal sector sees strong Q1 growth, with women making up nearly one-third of its 13.7 crore workforce NEW DELHI: The informal sector, which constitutes major part of the economy, registered robust growth in Q1 (April -June) of the current financial year as number of establishments in the sector grew 9% (y-o-y) to 8.7 crore from … Read more
Bigger screens and PC-like features fuel tablet demand, with 12GB models jumping 835% year-on-year in Q1 NEW DELHI: As laptop prices rise, tablet makers are making a stronger play for everyday computing, armed with bigger screens, more memory, keyboards and increasingly PC-like multitasking capabilities.The shift is showing up in what Indians are buying. Research agency … Read more
Govt rules out ethanol diversion as cause of sugar price rise, cites lower output, festive demand and crop damage NEW DELHI: Sugar production during the current season (Oct-Sept) is estimated around 306 lakh tonnes, 11% lower than the initial projection of 343 lakh tonnes for the year by sugarcane-growing states, govt said Friday. It also … Read more
BCG CEO says CEOs are adapting to geopolitical uncertainty, AI and faster-changing business environments. NEW DELHI: The element of trade and tariffs is “over-emphasised” and the current generation of CEOs have realised there are other challenges they need to overcome to survive, BCG CEO Christoph Schweizer said at the ET World Leaders Forum Friday. Business … Read more
PM Modi urges wider use of space technology in agriculture, environment and other sectors as India’s private space industry targets major growth. NEW DELHI: PM Narendra Modi on Friday interacted with chief executive officers (CEOs) and founders of 20 space startups, including India’s leading companies Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, GalaxEye, PierSight, Bellatrix … Read more
Aditya Birla addresses tariff and investment concerns NEW DELHI: Amid concerns over low private sector investment, Aditya Birla Group chairman Kumar Mangalam Birla Friday said the corporate sector was undertaking capital expenditure at a very fast pace.He said RBI data pointed to growth in bank loans to the corporate sector, which are evenly spread between … Read more
Considering the evidence as a whole, the High Court concluded that the prosecution had failed to prove the charge through legally admissible evidence. The Gauhati High Court has acquitted a man convicted of raping a 24-year-old woman with intellectual disability, holding that the prosecution failed to produce specific expert evidence showing that her condition rendered … Read more