Economic Development
3 min read
85

India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global

January 24, 2025
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Supreme Court on Friday stayed a decision by the Delhi High Court in the matter of Tiger Global with reference to India-Mauritius Double Taxation Avoidance Agreement (DTAA). Experts feel this could bring uncertainty for foreign investors. A division bench of Justices J B Pardiwala and R Mahadevan said that the

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Economic Development
2 min read
80

AMG Green Power and ORIX seek CCI nod for stake realignment in Greenko Energy

January 24, 2025
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In a significant development for the renewable energy sector, AMG Green Power B.V. (AMG Power) and ORIX Corporation (ORIX) have approached the Competition Commission of India (CCI) for approval of a proposed transaction involving Greenko Energy Holdings (GEH) and AM Green (Luxembourg) S.À.R.L. (AMG Lux).  The transaction aims to realign

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Economic Development
2 min read
77

Salam Kisan signs pact with Maharashtra government and Microsoft at World Economic Forum 

January 24, 2025
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Salam Kisan (PRYM Solutions) has signed a memorandum of understanding (MoU) with the Maharashtra government and Microsoft to democratise agricultural drone technology. A media statement said this MoU, which was signed at the World Economic Forum 2025, directly addresses the accessibility and affordability barriers that smallholder farmers face in India.

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Economic Development
3 min read
67

India’s Jan business growth at 14-month low due to weaker services demand, PMI shows, ETCFO

January 24, 2025
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By Anant Chandak BENGALURU – India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine

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Economic Development
2 min read
62

Karnataka Governor Gehlot returns the Mineral Tax Bill, seeks clarification

January 23, 2025
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The Karnataka Governor Thawar Chand Gehlot has returned the Mineral Tax Bill, according to news reports. The Governor cited queries raised by mining associations as the reason for his decision. Commenting on the development, Congress spokesperson, BL Shankar stated, “This Bill was introduced in the interest of the community. Both

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Economic Development
4 min read
46

World Economic Forum: Trump tells businesses to manufacture in US or face tariffs

January 23, 2025
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US President Donald Trump on Thursday addressed the World Economic Forum where he offered business leaders low taxes if they manufacture their products in the US, while threatening them with tariffs if they don’t. Addressing the forum’s Annual Meeting here through video conferencing, Trump also said he is going to

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Economic Development
2 min read
46

TN emerging hub for R&D, advanced manufacturing: Rajaa in Davos

January 23, 2025
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At the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Team Tamil Nadu pitched the State as an emerging destination for research, development and advanced manufacturing in over 50 intensive meetings and engagements. The delegation, led by State Minister for Industries TRB Rajaa, highlighted the new ambition to move

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Economic Development
3 min read
71

CAI revises upwards 2024-25 cotton output, consumption figures

January 23, 2025
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Cotton Association of India, the apex trade body for the fibre crop in the country, has revised upwards its crop projections by 2 lakh bales of 170 kg each from its earlier estimates for the crop year 2024-25 ending September. The trade body also estimates the consumption to be higher

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Economic Development
2 min read
100

US remains top destination for engineering goods exports in December 

January 23, 2025
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The US continued to be the top destination for India’s engineering goods exports in December 2024 while West Asia and North Africa (WANA) emerged as the top region for the first time, according to an analysis by EEPC India. While engineering exports have grown for eight consecutive months despite looming

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Economic Development
2 min read
58

Tata Sons seeks CCI nod for 10 per cent stake buy in Tata Play

January 23, 2025
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Tata Sons Private Limited (Tata Sons) has approached the Competition Commission of India (CCI) for approval to acquire a 10 per cent stake in Tata Play Limited from Baytree Investments (Mauritius) Pte Ltd., a Temasek affiliate. The proposed transaction, notified under Section 6(2) read with Section 5(a) of the Competition

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