Binance, the world’s largest cryptocurrency exchange that was banned by the government in January, is poised to return to India by paying a penalty of about $2 million, people aware of the developments told ET. The crypto exchange will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry, they added. FIU is tasked with oversight of trade in virtual digital assets (VDA). Binance will comply with all applicable laws, including the...
Apple's ecosystem of component makers and suppliers could collectively employ around five lakh people in India directly in the next three years — marking an over three-fold increase — as the iconic phone-maker moves at least half of its existing supply chain from China to India, top officials aware of the matter told ET.The Cupertino-based company, which is looking to increasingly decouple from China, also aims to increase local value addition from its Indian suppliers in line with the approach...
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential. Modi's office and Tesla did not...
For a whole month, Muslims across the world have been juggling professional and personal chores in the day while seeking forgiveness both from Allah and from those we may have wronged in the quiet of Ramadan with night prayers, breaking bad habits and mending broken relationships as it is not just a month of fasting from dawn to dusk and abstaining from food and drink but also about nourishing the soul with prayer, reflection, charity, universal brotherhood and acts of kindness with Eid-ul-Fitr...
Christophe Jaffrelot Narendra Modi has hollowed out institutions and targeted opponents, all the while sowing interethnic tensions.
A start-up that allowed healthcare firms to issue tamper-proof memos essential for travel during the Covid-19 pandemic now wants to take on the world of
Global capability centres (GCC) have been mushrooming in India over the past few years, with over 1,580 GCCs and an installed talent base of over 1.66 million currently. A new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs established, marking the entry of key MNCs like Edge Cortix, M31 technology Corporation, Signature IP into the Indian market. US-headquartered MNCs accounted for around 50% of the new GCCs....
Fort Carson celebrated 555 volunteers April 9, 2024, for amassing nearly 60,000 hours of service in 2023, saving the installation about $1.7 million.
MUMBAI, (IANS) – The Indian advertising industry is one of the biggest industries in the world, given the sheer consumer volume and the diversity of the consumer groups across the country. While the current ecosystem of advertising encompasses digital, broadcast, radio, print, and outdoors, it […]
Voting in India begins on April 19 and is staggered in seven sequential phases over six weeks, with the results announced on June 4.
NEW DELHI: India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.The introduction of PPT could result in more scrutiny of investments, with experts suggesting that authorities will test if obtaining tax benefits under the treaty was one of the main objectives of routing investments via the African nation."The introduction of the PPT...
In a sign of expanding focus on military diplomacy, India is set to send Defense Attachés (DA) to a number of its missions in different countries, including Armenia, news agency PTI reported on Wednesday, citing people familiar with the matter. New Delhi will appoint new defense attaches in the African countries of Ethiopia, Ivory Coast, Mozambique, and …