More than 21,000 jobs in India’s audio electronics sector are at risk due to China’s curbs on the export of rare earth metals, industry body Elcina has said in a report shared with the government.In April, China implemented stricter licensing rules on the export of key rare earth elements like terbium and dysprosium, which are…
India’s agrochemicals industry is forecast to grow to $14.5 billion by 2027-28, clocking a compound annual growth rate (CAGR) of 9 per cent, even as global headwinds persist, Rubix Data Sciences said in its latest outlook.The research firm pegs the current market size at $11.2 billion for 2024-25, up 8.7 per cent year-on-year despite a…
This is an AI-generated image, used for representational purposes only. In a concerted push to tackle the rising wave of digital payment frauds, major public and private sector banks are collaborating with the Reserve Bank of India (RBI) to develop a Digital Payment Intelligence Platform (DPIP), a new Digital Public Infrastructure aimed at enhancing fraud…
Major relaxations proposed in local content rules for the telecom sector under the Public Procurement Order could undermine Indian manufacturers and favour multinational corporations (MNCs), the Global Trade Research Initiative (GTRI) said in a new report.The Department of Telecommunications (DoT) has initiated a public consultation process, open till July 3, to revise the Public Procurement…
File photo: Frederick W Smith (Picture credit: X) Frederick W Smith, the visionary founder and former CEO of FedEx Corp, passed away on Saturday at the age of 80, confirmed FedEx. Smith, who transformed the logistics industry with the concept of overnight delivery, leaves behind a legacy that reshaped global commerce and created one of…
A consumer commission in Mumbai has ordered budget airline SpiceJet to pay Rs 25,000 as compensation and Rs 5,000 towards litigation costs to a senior citizen who suffered mental agony and financial loss after being issued an incorrect ticket during a rerouted journey in December 2020, reported news agency PTI.The District Consumer Disputes Redressal Commission,…
India nuclear stockpile: India’s nuclear arsenal reached 180 warheads by January 2025, according to SIPRI. The nuclear weapons were distributed across a maturing triad system comprising aircraft, ground-based missiles and SSBNs. Traditionally, India has maintained its nuclear warheads separately from deployed launchers during peace periods. However, recent developments, including the deployment of missiles in canisters…
ITR filing FY 2024-25: Pre-filling of ITR forms has several advantages. (AI image) Income Tax Return Filing FY 2024-25: The Income Tax Department has been aiming to make the e-filing of income tax returns easier for taxpayers, and one such step in that direction is pre-filled ITR forms. If you have been filing tax returns,…
This is an AI-generated image, used for representational purposes only. Amid the escalating Iran-Israel conflict, Indian exporters have suggested shifting cargo operations from Iran’s Bandar Abbas port to the India-managed Chabahar port, citing fears of a wider regional disruption that could severely impact trade with Afghanistan, Central Asia, and Russia.According to the news agency PTI,…
India Post Payments Bank (IPPB) has won the Union Finance Ministry’s Digital Payments Award 2024‑25 for its role in widening access to cash‑lite transactions and driving financial inclusion across the country.The trophy was presented in Delhi by Finance Minister Nirmala Sitharaman and MoS (Finance) Pankaj Chaudhary to IPPB MD & CEO R Viswesvaran and CGM…
