The Maharashtra government has offered 450 acres of land in Nagpur’s additional Butibori industrial estate to the JSW Group for its ambitious lithium-ion battery manufacturing project. With an initial investment of ₹15,000 crore, this project is a cornerstone of Maharashtra’s industrial growth strategy and a significant step toward India’s green energy
The Indian government is set to unveil the Direct Tax Code (DTC) 2025, a comprehensive reform of the country’s income tax laws, in the Union Budget on February 1, 2025. The new code will replace the Income Tax Act of 1961, aiming to simplify the taxation process, reduce compliance burdens, and align tax laws with […]
The Finance Ministry has clarified that no proposals are currently under consideration for merging public sector banks (PSBs). This statement was made in the Rajya Sabha on Tuesday, with the Ministry also acknowledging the positive impact of previous consolidations in the sector. Mergers Yield Positive Results In recent years, India has seen significant consolidation in
In a strategic development to reinforce its data infrastructure in India, Amazon Data Services Pvt Ltd has finalized the acquisition of a 38-acre land parcel in Ambernath, near Mumbai. The deal, valued at ₹450 crore, signals Amazon’s focused expansion into the data center ecosystem in one of the country’s fastest-growing digital hubs. Strategic Location to […]
The Lok Sabha has approved the Banking Laws Amendment Bill, aimed at improving financial security and streamlining nominee management in banking operations. This significant move allows account holders to designate up to four nominees for a single bank account, providing flexibility and enhanced safety for depositors and their families. Key Provisions of the Amendment The
The tech industry is undergoing one of its most turbulent years in 2024, with nearly 150,000 jobs slashed across major companies like Tesla, Intel, Cisco, and others. As economic conditions tighten, big tech is restructuring operations to adapt to shifting market dynamics, streamline costs, and focus on growth opportunities. Intel’s Historic Workforce Reduction Intel
India’s tyre industry witnessed a 12% year-on-year (YoY) growth in exports during the first half of the financial year, with motorcycle tyres leading the segment, according to data from the Automotive Tyre Manufacturers Association (ATMA). Motorcycle Tyres Drive Export Surge Motorcycle tyres saw the highest demand among exported categories, reflecting India’s growing
India’s data centre industry is experiencing an unprecedented boom, driven by the adoption of artificial intelligence (AI), 5G networks, and cloud computing. With investments in the sector expected to reach $10 billion by 2026, the country is rapidly becoming a global hub for data-driven innovation and infrastructure. Growth Drivers: AI, 5G, and Cloud Computing The
The Ministry of Coal finalized agreements with the successful bidders for three coal blocks on November 22, 2024. This milestone contributes to the ongoing success of India’s commercial coal mining initiative, launched by Prime Minister Narendra Modi. To date, 104 coal blocks have been successfully auctioned under this initiative, with the latest agreements covering fully
The International Criminal Court (ICC) has issued an arrest warrant against Israeli Prime Minister Benjamin Netanyahu, accusing him of alleged war crimes in Gaza. This unprecedented move has led to sharp divisions among world leaders, with some applauding the decision as a step towards justice, while others view it as politically motivated. Allegations Against Netanyahu