July 3, 2024: The Indian Commerce Ministry is going to introduce a comprehensive online platform to assist exporters in navigating the non-tariff barriers (NTBs) they confront, which is a key step in strengthening India’s export landscape. With regard to minor export items in particular, this program seeks to bridge the knowledge gap and expedite the…
July 4, 2024 The Open Network for Digital Commerce (ONDC) is taking significant steps to integrate leading banks and fintech platforms to enhance last-mile credit services across India. This initiative follows the network’s early pilot programs for credit disbursal through its platform, aimed at financially underserved regions. Integration of Banks and Fintechs ONDC plans to…
In order to expand and mechanize the North Cargo Berth-III (NCB-III) for handling dry bulk cargo, JSW Infrastructure’s subsidiary, JSW Tuticorin Multipurpose Terminal, has won a concession agreement with the VO Chidambaranar Port Authority in Tamil Nadu. This project seeks to develop a cargo terminal with an annual capacity of 7 million metric tonnes and…
Former Reserve Bank of India (RBI) governor Urjit Patel has joined Britannia Industries’ board as an extra non-executive independent director for a five-year term. This move is seeking approval at the forthcoming Annual General Meeting scheduled for August 12, 2024, according to an exchange filing on July 2. Urjit Patel served as the Reserve Bank…
Unacademy, a leading name in India’s educational technology sector, has recently made headlines with a decision to downsize its workforce, affecting 250 employees across departments such as product development, marketing, and sales. This move is part of Unacademy’s strategy to streamline operations and boost efficiency in response to evolving market conditions. According to reports from…
The largest marathon event in Australia, the Sydney Marathon, and Tata Consultancy Services (TCS) have confirmed their title relationship. With this action, TCS hopes to improve the marathon experience by utilizing its knowledge of cutting edge technologies, accessibility, sustainability, and charity effect. The Sydney Marathon’s application to join the elite Abbott World Marathon Majors, which…
In early trade on Tuesday, the Indian rupee lost 12 paise against the US dollar, closing at 83.56. The fall was ascribed to the appreciation of the US dollar in global markets and the increase in the price of crude oil. Forex traders reported that rising US yields were driving oil importers and foreign portfolio…
WhatsApp, Meta’s widely used messaging application, is currently in the process of entering the Indian micro, small, and medium-sized business (MSMEs) market as part of its subsequent expansion phase. WhatsApp is committed to enhancing the efficiency of small businesses by providing comprehensive solutions through its “small business app,” in recognition of the significance of MSMEs…
New Delhi Indian technology companies raised $4.1 billion in the first half of 2024, a 4% increase from $3.96 billion in 2023. This illustrates their capacity for development and resilience. According to Tracxn’s Semi-Annual Fundraising Report, this is a positive fundraising trend that has emerged after a period of decline. Achieving Proficiency in Spite of…
New Delhi— Interestingly, the Income Tax Department sent HDFC Life Insurance Company a Rs 1,495.17 crore tax demand for 2021–2022. The demand includes Rs 592.41 crore in interest. To correct mathematical flaws in the tax demand calculation, the life insurer will file a rectification application. Details of Tax Demand and Firm ResponseAs of June 28,…
