India and Russia have reaffirmed their commitment to deepen bilateral trade ties, signaling that U.S. tariff pressure on New Delhi over Russian oil imports will not disrupt their partnership. U.S. Tariff Pressure on India The Trump administration has threatened tariffs of up to 50% on Indian exports to…
India’s leading real-money gaming platforms — including Dream11, MPL, and PokerBaazi — have suspended cash-based games following the enactment of the Online Gaming Bill 2025. While users can still withdraw wallet balances, no new deposits will be permitted going forward. Online Gaming Bill 2025: Industry Disruption The Promotion…
The Income Tax Department has clarified that individuals will not face prosecution for failing to disclose foreign financial assets valued up to ₹20 lakh, according to a circular issued by the Central Board of Direct Taxes (CBDT) on August 20, 2025. Previous Rules: Jail & Penalty for Non-Disclosure…
The Government of India has approved 23 chip design projects under the Design Linked Incentive (DLI) scheme, aimed at boosting the country’s semiconductor ecosystem. The move supports startups and MSMEs, including Bengaluru-based Vervesemi Microelectronics, to accelerate the design and development of chips and System-on-Chip (SoC) solutions. 23 Chip…
In a significant move that underscores the U.S. government’s deeper involvement in the private sector, the Trump administration has acquired a 10% stake in Intel Corporation, the only American company currently capable of manufacturing advanced chips on U.S. soil. $8.9 Billion Investment in Intel According to a press…
The Insurance Regulatory and Development Authority of India (IRDAI) is weighing a proposal to cap annual health insurance premium hikes at both the product and portfolio levels. A formal consultation paper is expected shortly, inviting feedback from insurers, policyholders, and industry experts. The move comes amid growing concerns…
Wipro Limited, a global leader in IT consulting and business process services, has announced its plan to acquire Harman Connected Services Inc. (DTS) for up to US$375 million. This acquisition is aimed at boosting Wipro’s capabilities in Engineering Research & Development (ER&D) and expanding its digital engineering and…
The government is moving closer to completing the strategic disinvestment of IDBI Bank by the end of the current financial year. According to DIPAM Secretary Arunish Chawla, potential buyers have nearly finished their due diligence process, and the sale is expected to be wrapped up by September 2025.…
Texmaco Infrastructure & Holdings Ltd. has announced the record date for dividend eligibility and the schedule of its 85th Annual General Meeting (AGM). Texmaco Infrastructure Dividend Record Date and Book Closure The company will observe book closure from 13th September 2025 to 19th September 2025, both days inclusive,…
NIIT Learning Systems Issued a corporate guarantee of up to €15.75 million to ICICI Bank UK for a €15 million term loan being availed by its wholly owned subsidiary, NIIT (Ireland). India Cements Shares offered for sale by promoter UltraTech Cement saw 2.75x subscription from non-retail investors. Bidding…