At least eight venture capital and private equity firms from the US and India have teamed up to launch the India Deep Tech Investment Alliance (IDTA) to mobilise private capital and expertise for deep-tech companies in the South Asian nation. The group, which will also work to strengthen US-India deep tech collaboration, counts Celesta Capital, […]
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India-US trade deal: Piyush Goyal also highlighted that India is in active dialogue with the European Union (EU), with the European Commissioner for Trade, Maroš Šefčovič, likely to visit next week. Minister of Commerce and Industry, Piyush Goyal , on Wednesday announced that efforts are being made to conclude a bilateral trade agreement with the United States […]
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India’s key services sector extends its four-year growth streak, underscoring sustained economic momentum. August, driven by a surge in demand and new business, according to a private survey released on Wednesday. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, climbed to 62.9 in August, up from 60.5 in July and 60.4 […]
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The policy, aligned with the Centre’s Electronics Component Manufacturing Scheme (ECMS), will come into effect from April 1, 2025, for a period of six years, according to an official statement. The Uttar Pradesh Government on Tuesday approved an electronics component manufacturing policy with an investment target of Rs 5,000 crores to promote production of 11 […]
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With the fresh capital, CityMall plans to expand deeper into existing geographies, foray into adjacent markets, strengthen its supply chain network and invest in private labels and brand partnerships. CityMall, the Gurugram-based value e-commerce startup, has raised $47 million in its Series D round led by Accel. The round also saw participation from existing backers, […]
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With greater emphasis on collaboration between humans and intelligent machines, workers need to be proficient in emerging technologies like artificial intelligence, robotics, data analytics, cybersecurity and the Internet of Things. We need to position ourselves as a global hub of brainpower, skills, world-class platforms and products; only then will we be able to accelerate the […]
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Manufacturing accounts for around 17% of India’s gross domestic product. With frontloading of production to complete the pre-50% tariff exports, Purchasing Managers Index (PMI) for manufacturing sector rose to 59.3 in August as against 59.1 of July, S&P Global reported on Monday. Good news is that fresh job creation rose for 18 successive months, though pace was slow. The […]
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Taxpayers with undisclosed foreign assets worth up to ₹20 lakhs, excluding property, will not face penalty or prosecution under revised Black Money Act rules. The Income Tax Department has relaxed provisions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA). Individuals with small-value foreign assets will not face […]
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Despite US-India trade tensions under Trump, tech giants like Meta, Amazon, Apple, Microsoft and Google remain strongly committed to India. These firms have collectively hired over 30,000 new employees from India in the past year, marking the most significant 12-month hiring growth in India for these tech giants in the last three years. Based on […]
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American consumer spending saw a rise in July, driven by income growth despite high prices. Globally, economic landscapes are shifting. Germany faced rising inflation, while France grappled with political instability. China aimed for increased public welfare spending. South Korea’s consumer confidence hit a seven-year high. Indian exporters sought Government support amid US tariffs. Bloomberg-US consumer […]
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