A recent JP Morgan report has reassured India’s IT services industry that artificial intelligence (AI) should be viewed as an enabling tool rather than a disruptive threat. The report emphasizes that while AI will transform workflows, enhance productivity, and automate repetitive tasks, it will not replace the core strengths of India’s IT services sector, which…
India’s smartphone manufacturing sector has emerged as one of the fastest-growing industries, supported by government initiatives like the Production-Linked Incentive (PLI) scheme and rising domestic demand. However, outdated Permanent Establishment (PE) tax rules are increasingly being seen as a potential obstacle to sustaining this momentum. Industry experts argue that unless tax frameworks are modernized to…
The Reserve Bank of India (RBI) has proposed new guidelines to regulate the conduct of recovery agents engaged by banks and non-banking financial companies (NBFCs). The move aims to protect borrowers from harassment and ensure ethical practices in debt recovery. Under the proposed framework, recovery agents will be allowed to make calls or visits only…
Kwality Wall’s, one of India’s most recognized ice cream brands, is set to make its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) starting February 16. This marks a significant milestone for the company, which has long been a household name in the FMCG sector. The listing is expected to attract…
The Bombay Stock Exchange (BSE) has received approval from the Securities and Exchange Board of India (SEBI) to introduce futures and options contracts based on its newly designed ‘Focused Midcap Index’. This development marks a significant step in expanding India’s derivatives market, offering investors more opportunities to hedge, speculate, and diversify portfolios with midcap-focused instruments….
Prime Minister Narendra Modi has emphasized India’s rising role in the global economy, stating that the country now contributes 16% of worldwide growth. This milestone positions India as a new engine of global economic expansion, driven by strong domestic demand, robust reforms, and a youthful workforce. The statement underscores India’s transformation from a developing nation…
In a significant move against financial irregularities, the Enforcement Directorate (ED) has attached assets worth ₹200 crore in connection with a major bank fraud case in the Andaman and Nicobar Islands. The action comes as part of an ongoing investigation into alleged misappropriation of funds, fraudulent transactions, and diversion of loans by individuals and entities…
In a landmark judgment, the Supreme Court of India has ruled that spectrum allocated to telecom companies is not an asset that can be subjected to insolvency proceedings. This decision has far-reaching implications for the telecom sector, creditors, and the broader regulatory framework governing natural resources. The apex court clarified that spectrum remains a national…
Artificial intelligence startup Anthropic has stunned global markets by achieving a staggering $380 billion valuation, surpassing the combined market capitalization of 77 Indian IT firms. What makes this milestone even more remarkable is that Anthropic reached this level only three years after generating its first revenue. The company’s meteoric rise underscores the transformative power of…
Coal India, the country’s largest coal producer, witnessed a sharp decline in its share price, dropping 3% to a five-week low following the announcement of its Q3 results. The fall has sparked debate among investors about whether to buy, sell, or hold the stock amid mixed signals from the company’s financial performance and broader market…
