For representative purposes. | Photo Credit: REUTERS The story so far: Google, the leading American technology company best known for its popular search engine, has lost a Court case filed against it by the U.S. Department of Justice in 2020 accusing the company of being an illegal monopoly. A U.S. District judge ruled earlier this…
With the deadline to review the ‘import management system’ for laptops and other IT products nearing, the firms which received authorisations have imported products worth more than $4 billion this fiscal, an official said seeking anonymity. Imports were at $8.4 billion in FY24, mostly from China, the official said. In October 2023, the Centre rolled…
For representative purposes. | Photo Credit: Getty Images In the years prior to the pandemic, two of the largest economies in the world — the U.S. and India — cut corporate tax rates in an attempt to stimulate growth. While the pandemic caused an unprecedented shock to the economy, enough time has passed for us…
TotalEnergies will form a joint venture (JV) with India’s Adani Green Energy Ltd. in a deal in which the French oil giant will contribute an equity investment of $444 million, it said on Tuesday. The two firms had formed a JV in September 2023 worth $300 million, which gave Total “direct access to ownership of…
With public capex taking a backseat in the first quarter of 2024-25 owing to the general election, Finance Minister Nirmala Sitharaman on Tuesday kicked off an assessment of capital spending efforts by ministries as the Centre strives to meet its ambitious ₹11.11 lakh crore target through the rest of the year. The Minister began the…
World Bank had in June projected India to grow at 6.6% for FY24. File | Photo Credit: Reuters The World Bank on Tuesday (September 3, 2024) raised the growth forecast for the Indian economy to 7% for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had…
The Reserve Bank of India (RBI) seal. | Photo Credit: REUTERS The story so far: The Reserve Bank of India (RBI), as part of its strategy to create digital public infrastructure in the country, has announced that a new technology platform called the Unified Lending Interface (ULI) would be introduced by the Reserve Bank Innovation…
For representative purposes. | Photo Credit: Getty Images Contrary to popular wisdom, financial markets today are not as efficient as they used to be just a few decades ago, argues billionaire investor and co-founder of AQR Capital Management Clifford S. Asness in his forthcoming paper “The Less-Efficient Market Hypothesis” in the Journal of Portfolio Management….
Leading automakers Maruti Suzuki, Hyundai and Tata Motors reported decline in wholesales in August as the companies curtailed vehicle dispatches amid drop in demand and to cut inventories at dealer level. Market leader Maruti Suzuki India said its total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared to 1,56,114 units in…
Former Reserve Bank of India (RBI) Deputy Governor Viral Acharya. | Photo Credit: PTI Former RBI deputy Governor Viral Acharya on Monday (September 2, 2024)called for reduction of tariffs and dismantling of conglomerates even as he urged the government to refrain from protectionist policies to allow competition so that “Indian tigers” could emerge as global…
