NEWS

India-US agreement on 2% e-commerce levy expires

India-US agreement on 2% e-commerce levy expires

02 Jul 2024

A transitional framework agreement on levying a two per cent tax on cross-country digital transactions adopted by India and the United States on 24 November 2021, expires on 30 June 2024

Bosch looks to acquire appliance maker Whirlpool report

Bosch looks to acquire appliance maker Whirlpool report

29 Jun 2024

Robert Bosch, a leading global supplier of products and services in the areas of mobility, industrial technology, consumer goods

DoT mops up Rs11,340 cr through auction of left over spectrum, licence renewal

DoT mops up Rs11,340 cr through auction of left over spectrum, licence renewal

29 Jun 2024

Department of Telecom has raised Rs11,340 crore revenue through auction of a total of 141.4 MHz of unsold spectrum from the previous auction and renewal of expiring spectrum licence in June 2024.

Trai recommends framework for new National Broadcasting Policy

Trai recommends framework for new National Broadcasting Policy

21 Jun 2024

Telecom Regulatory Authority of India (Trai) on Thursday released its recommendations on the necessary inputs needed for the formulation of a revised `National Broadcasting Policy’

Global investment flows down more than 10% in 2023 UNCTAD

Global investment flows down more than 10% in 2023 UNCTAD

21 Jun 2024

Global investment flows declined by 10 per cent in 2023, even as global foreign direct investment (FDI) decreased by 2 per cent to $1.3 trillion

India’s seafood exports hit record 1.78 million tonnes, realisation down at $7.38 bn

India’s seafood exports hit record 1.78 million tonnes, realisation down at $7.38 bn

20 Jun 2024

India exported 1.78 million tonnes of marine products valued at Rs60,524 crore ($7.38 billion) during the 2023-24 financial year, setting a record for the volume of seafood exports.

Axis Bank invests additional Rs336-cr in Max Life, raises stake to 19.99%

Axis Bank invests additional Rs336-cr in Max Life, raises stake to 19.99%

20 Jun 2024

Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore

Spain's BBVA expanding digital banking business to Germany

Spain's BBVA expanding digital banking business to Germany

20 Jun 2024

BBVA, Spain's second largest bank after Santander, which successfully rolled out its digital banking services in Italy, is planning to extend its digital services to Germany as well.

HAL gets Rs50,000-cr defence ministry order for 156 Light Combat Helicopters

HAL gets Rs50,000-cr defence ministry order for 156 Light Combat Helicopters

19 Jun 2024

Ministry of defence has issued a Request for Proposal (RFP) to Hindustan Aeronautics Ltd (HAL) for the purchase of 156 Light Combat Helicopters (LCH), estimated to cost around Rs50,000 crore.

CMA CGM launches new service connecting Indian subcontinent and US East Coast

CMA CGM launches new service connecting Indian subcontinent and US East Coast

18 Jun 2024

French shipping and logistics company CMA CGM on Monday announced the launch Indamex, a renewed shipping service to cater to the rising demand between Indian subcontinent and the US East Coast.

Elon Musk gets another India shock, from satellite internet

Elon Musk gets another India shock, from satellite internet

18 Jun 2024

Tesla CEO Elon Musk seems to be losing out on his plans to launch satellite-based internet services in India with major Indian telecom operators Reliance Jio and Bharti Airtel

SBI to raise $3 billion in overseas debt

SBI to raise $3 billion in overseas debt

17 Jun 2024

State Bank of India (SBI), the country’s largest lender, plans to raise around $3 billion in overseas debt in the current financial year, to finance its lending programme.