While GST on ICE vehicles was brought down significantly, for electric cars it remained at 5 per cent. Photograph: Bhawika Chhabra/Reuters The goods and services tax (GST) reforms clearly tilted the scales in favour of internal combustion engine (ICE) cars
A US bankruptcy court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn Pvt Ltd – the parent firm of ed-tech platform Byju’s. Illustration: Dominic Xavier/Rediff The Delaware
Microsoft Chairman and CEO Satya Nadella met Prime Minister Narendra Modi for the second time this year. Satya’s visit was focused on India’s AI roadmap, backed by a $17.5 billion commitment for infrastructure and skill-building. IMAGE: Satya meets Modi
Microsoft CEO Satya Nadella on Tuesday announced plans to invest $17.5 billion in India to help build infrastructure and sovereign capabilities for the country’s AI-first future, marking the third major AI-driven investment in the country in the past two months.
Belgium’s supreme court — the Court of Cassation — on Tuesday rejected the appeal of fugitive diamond trader Mehul Choksi challenging the extradition request of India in connection with the Rs 13000-crore alleged bank fraud in Punjab National Bank, authorities
The projections in the cement industry are mixed. Prices and demand remained muted in the third quarter (October & November) and short term uptick doesn’t seem likely. Image used for representative purpose only. Photograph: Jayanta Dey/Reuters However, the second quarter
The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to
Equity benchmark indices Sensex and Nifty nosedived on Monday after two consecutive days of gains, as investors rushed to take profits amid the unabated selling of stocks by foreign investors. Photograph: Francis Mascarenhas/Reuters Analysts said investors turned defensive ahead of
The Indian government should urgently consider imposing safeguard or anti-dumping duties on imports of two construction equipment segments — crawler excavators and tower cranes — as Chinese companies are rapidly expanding their presence in these markets in India through ‘predatory’
US-based chip maker Intel has signed an agreement with Tata Group to manufacture and assemble semiconductors in India for the local market, the Indian conglomerate said on Monday. Image used for representation purpose only. Photograph: Kim Kyung-Hoon/Reuters Under the agreement,
