Business

Indian fintech sector
Business

MoS Finance estimates that the Indian fintech business would be worth $150 billion by 2025

According to Minister of State for Finance Pankaj Chaudhary, the rise of Indian fintech firms has been exponential, and the sector is predicted to reach a valuation of USD 150 billion by 2025. Chaudhary said fintech has emerged as one of India’s fastest-growing areas, attracting increased attention from all stakeholders, both within and beyond the […]

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Covid vaccination
Business

For foreign flyers, the government allows a precautionary dose before the waiting period

On May 12, the Union government eased the requirements for the Covid vaccination precaution dose, allowing persons travelling abroad to acquire the vaccine before the nine-month waiting period mandated by the destination country. Health Minister Mansukh Mandaviya made an official declaration on Twitter. “Indian citizens & students travelling overseas can now take the precaution dose […]

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Crisis-hit Sri Lanka,
Business

Crisis-hit Sri Lanka, India revive talks to link electric grids

India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid New Delhi’s goal of reducing China’s influence on the island nation, now grappling with a severe economic crisis. There was no immediate prospect that power cuts brought by the crisis could be eased […]

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BSE gets SEBI’s
Business

BSE gets SEBI’s in-principle nod for gold spot exchange

The Securities and Exchange Board of India (SEBI) has given in-principle apporval to the BSE to commence trading in electronic gold receipts (EGR) on the exchange, the bourse said in a filing to the National Stock Exchange. “To seek final approval for the introduction of the EGR segment, we have been advised to submit additional information,” BSE […]

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Gold investment platform Jar
Business

Gold investment platform Jar raises $32 million led by Tiger Global

Savings and investment management platform Jar has raised $32 million in a Series A funding round led by Tiger Global, the company has said . The round also saw participation from Rocketship.vc, Third Prime, Stonks, Force Ventures and existing investors including Arkam Ventures and WEH Ventures, the company said on February 3.Angel investors, including Klarna founder […]

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Non-tax revenues to see a 14%
Business

Kisan Drones to be used to technologically advance farming sector

Finance Minister Nirmala Sitharaman in her Union Budget Speech for the upcoming fiscal year has announced that Kisan drones will be used to drive a wave of technology in the Agriculture and Farming Sector.  These drones will be used for crop assessments, land records and spraying of insecticides.

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Google hit with 150 million euro French fine for cookie breaches
Business

Google hit with 150 million euro French fine for cookie breaches

France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same reason, the CNIL said. “The CNIL has found that the facebook.com, google.fr and youtube.com websites […]

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Apple puts India iPhone maker Foxconn on probation for labour violations
Business

Apple puts India iPhone maker Foxconn on probation for labour violations

Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. The factory, located in Sriperumbudur on […]

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Ola's dream of world's biggest e-scooter factory hits hurdle
Business

Ola’s dream of world’s biggest e-scooter factory hits hurdle

By Administrator_IndiaCapital Sands Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends. […]

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Business

AstraZeneca Pharma India gets DCGI nod to import

By Administrator_ India Capital Sands Drug firm AstraZeneca Pharma India said it has received import and market permission from the Indian drug regulator for Selumetinib capsules. The company has received the import and market permission in Form CT-20 from the Drugs Controller General of India for Selumetinib 10 mg & 25 mg capsules, AstraZeneca Pharma India said […]

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