Category: India
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Who Gains, Who Loses as India Doles Out $12 Billion in Tax Sops
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Bread path links PMN Business India has reduced the country’s middle -class taxes, setting about $ 12 billion in its pockets, as Narindra’s government aims to enhance spending on consumption. The author of the article: Bloomberg News Sanjay and Arshish Sharma Posted on February 01, 2025 • 4 minutes read…
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Air India to inaugurate Tel Aviv-Mumbai route
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Less than a week after the announcement of the resumption of flights to Israel, Air India announced the opening of a new road between Tel Aviv and Mumbai before 2026. Direct flight tickets can not be purchased on the company’s website, but the return of prices on Tel Aviv –…
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Glitches for Elbit’s Hermes 900 in India and Switzerland
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A Drishti 10 Starliner UAV produced by Adani Defense and Aerospace, Adani’s defense arm, as an indigenous copy of Elbit Systems’ Hermes 900 crashed off the Porbandar coast in Gujarat, not far from India’s border with Pakistan, Hindustan Times reports. The UAV, a medium-endurance, long-endurance (male) aircraft, entered service with…
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Exclusive-OpenAI faces new copyright case, from global publishers in India
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Written by Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI (Reuters) – Indian book publishers and their international counterparts have filed a copyright lawsuit against OpenAI in New Delhi, a representative said on Friday, the latest in a series of global cases seeking to block chatbot ChatGPT from accessing…
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Air India to resume Israel flights
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After more than six months without direct flights to India, Air India has announced the resumption of operations on the Tel Aviv-Delhi route from 2 March 2025 with five weekly flights. Delhi serves as an important hub for connecting flights to destinations in East Asia. With the return of Air…
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Exclusive-OpenAI tells India court ChatGPT data removal will breach US legal obligations
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Written by Arpan Chaturvedi, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – OpenAI has told an Indian court that any order to remove the training data that powers its ChatGPT service would be inconsistent with its legal obligations in the United States, according to a recent filing seen by…
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Investors Shift Focus to India, Japan as China Slows: Report
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Investors shift focus to India and Japan as China slows worldwide Emerging markets China is witnessing a radical shift in investment flows, with both institutions and individual investors adjusting their allocations away from China and towards markets such as India and Japan, according to a recent report by Franklin Templeton.…
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Modi’s Year of Setbacks Leaves India Vulnerable in Perilous 2025
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Breadcrumb Trail Links PMN Business At the outset of 2024, Prime Minister Narendra Modi was riding a wave of international acclaim and anticipating an election campaign that looked like such a formality he talked of a thousand-year legacy. Author of the article: Bloomberg News Dan Strumpf and Sudhi Ranjan Sen…
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IAI unit launches new facility in India
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The HELA Systems facility will specialize in the maintenance of radar systems. Israel Aerospace Industries (IAI) is expanding its presence in India. This week, it opened its HELA facility in Hyderabad. The facility will employ 45 expert specialists and 80 field engineers, and will specialize in radar system repair, including…
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Investors see safety in India as Trump win casts shadow on emerging markets
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Written by Jaspreet Kalra MUMBAI (Reuters) – Global investors are likely to find Indian financial markets relatively safe from the fallout from Donald Trump’s economic policies, including any protectionist trade policies that might spark volatility in emerging markets. Trump’s decisive election victory last week and his imminent return to the…
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Chanel CEO Leena Nair traveled across India for her MBA
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When Leena Nair accepted the role of global CEO of luxury giant Chanel in 2022, she had worked at Unilever for three decades and had risen to the role of head of human resources. But the journey to get there started by train. In a The last interview At Stanford…
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India Cracks Down On Crypto: Regulators Favor CBDC In Push Vs. Bitcoin & Co.
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India leans towards total ban of private cryptocurrencies such as Bitcoin and Ethereum in an attempt to regulate risk in their current volatile market. The government said it would favor central bank digital currencies (CBDCs), because they offer all the benefits of private cryptocurrencies, without the potential for instability or…
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Ambani’s Reliance lobbies India minister on satellite spectrum in new face-off with Musk By Reuters
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Written by Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Indian billionaire Mukesh Ambani’s Reliance Co has privately argued that the telecom regulator incorrectly concluded that New Delhi should allocate broadband spectrum for home satellites and not auction it off, intensifying a standoff with Elon Musk’s Starlink. . How…
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India is now Russia’s No. 2 supplier of restricted technology
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India has become the second-largest supplier of restricted critical technologies to Russia, US and European officials said, highlighting the challenge faced by efforts to stifle exports that fuel President Vladimir Putin’s war machine. Indian exports of banned items such as microchips, circuits and machine tools topped $60 million in both…
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India, S. Korea bonds to join FTSE Russell government indexes in 2025 By Reuters
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(Reuters) – Russell Global Indexes said on Tuesday it will include Indian sovereign bonds in the Emerging Market Government Bond Index (EMGBI) from September 2025, following the inclusion of the index by JPMorgan and Bloomberg Index Services, which could attract billions of dollars into bonds. Local. . The London-based index…
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India asks banks to stop making large bets against rupee, sources say By Reuters
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Written by Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – India’s central bank has asked government and private lenders to refrain from betting heavily against the rupee in a bid to support the currency that has been hovering near record lows over the past three trading sessions, four sources said.…
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VIVEK: Bitcoin Lightning Payments Has a Long Way To Go In India
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As an Indian Bitcoin user who recently returned home, I found myself using UPI digital payments frequently for everyday spending. UPI (Unified Payments Interface) is a bank-to-bank payment system in India that has become ubiquitous for making payments by scanning QR codes or using phone numbers. It has enabled even…
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VIVEK: Bitcoin Lightning Payments Has a Long Way To Go In India
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As an Indian Bitcoin user who recently returned home, I found myself using UPI digital payments frequently for everyday spending. UPI (Unified Payments Interface) is a bank-to-bank payment system in India that has become ubiquitous for making payments by scanning QR codes or using phone numbers. It has enabled even…
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In India, warming climate pressures scientists to keep developing tougher seeds
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Breadcrumb links PMN BMN Business Article writer: Associated Press Sibi Arasu Published on October 1, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content BENGALURU, India (AP) — Unexpected rains and rising heat are…
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India to probe fire at Tata plant making components for Apple iPhones By Reuters
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Written by Haripriya Suresh and Praveen Paramasivam BENGALURU (Reuters) – Indian authorities are set to launch a criminal investigation into the cause of a fire that broke out on Saturday at a Tata Electronics factory that makes components for Apple Inc’s iPhones, an official in the Indian state of Tamil…