Apple in talks with Kalyani Group’s Bharat Forge for components manufacturing in India
Apple has been actively expanding its Indian supplier network over the past two years. (AI image) Apple has initiated talks with Bharat Forge, a Kalyani Group company, to potentially include them as a vendor in India, according to informed sources. The collaboration would involve Bharat Forge manufacturing various components and
Odisha set for an industrial revolution, golden period for infra development: Majhi, ET Infra
Odisha Chief Minister Mohan Charan Majhi on Sunday said the state is set for an industrial revolution and a golden period for infrastructure development. Majhi said the ‘double engine’ government will ensure ‘double development’ of the state. “I firmly believe that with the joint efforts of the Central government and
PM Modi, President Subianto discuss enhancing economic ties, energy security, digital infra development, ET Infra
NEW DELHI: India and Indonesia have focused on enhancing economic cooperation through various mechanisms, such as the upcoming meetings of the Working Group on Trade and Investment (WGTI) and the Biennial Trade Ministers’ Forum (BMTF), with a view to addressing existing trade barriers. Prime Minister Narendra Modi and Indonesian President
Income tax relief? Govt looks to raise threshold, restructure slabs
NEW DELHI: Amid expectations of a relief in income tax in the Budget, govt is keen to keep the new tax regime free of concessions, while it looks at raising the threshold and offering concessions through a rejig of slabs.Income tax rates are usually among the last set of announcements
Policybazaar parent to invest Rs 860 crore for 25% in PB Health
MUMBAI: PB Fintech, the parent company of Policybazaar, will invest around Rs 860 crore for a 25% stake in PB Healthcare, which will set up hospitals with a capacity of 1,000 beds in the first year to provide captive services to buyers of policies with managed healthcare. The objective of
Equity MF inflows more than double to nearly Rs 4L crore in 2024
NEW DELHI: Equity mutual funds witnessed a remarkable surge in inflows to nearly Rs 4 lakh crore in 2024, more than double the amount recorded in the preceding year, reflecting strong investor confidence and a continued shift towards long-term investing, particularly through Systematic Investment Plans (SIPs).Despite the strong performance in
Falling Rs, rising US bond yields fuel FPI exodus, Rs 64k crore taken out in Jan
NEW DELHI: The exodus of Foreign Portfolio Investors (FPIs) from the Indian equity markets continues unabated, as they have withdrawn Rs 64,156 crore ($7.44 billion) so far this month, driven by the depreciation of the rupee, a rise in US bond yields, and expectations of a tepid earnings season.This comes
Govt proposes hike in tax rebate on new vehicles for buyers scrapping old ones
NEW DELHI: In a move to persuade people to scrap their BS-I and BS-II vehicles, and those which are older than these, the road transport ministry has proposed to hike the motor vehicle tax rebate by up to 50% on purchase of new automobiles for buyers submitting the scrapping certificate
Noida Authority renews demand for Rs 10k cr unused Unitech land, ET Infra
On Dec 4, 2024, the court issued another directive, instructing Noida Authority to approve the entire 14.1 lakh sqm of Express City project in Sectors 96, 97 and 98, including the second segment. Noida Authority has reiterated its demand to reclaim over 8.5 lakh sqm of unused land allotted to
Trump’s Crypto Venture Divides the Industry He Aims to Support
Dressed in ball gowns, tuxedos and “Make Bitcoin Great Again” baseball caps, a crowd of some of the country’s most powerful cryptocurrency executives gathered a few blocks from the White House for a lavish party three days before President Trump’s inauguration, toasting an incoming administration that had vowed to promote