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.
The general elections in India commenced on Friday morning amidst stringent security measures, with 102 constituencies going to polls across 21 states and union territories. These elections are the largest democratic exercise in the world, with 969 million eligible voters. Opinion polls indicate that the Bharatiya Janata Party (BJP) led by Narendra Modi is likely […]
Smartphone demand in India remained strong in the opening quarter of 2024, with four of the top five vendors recording year-on-year growth driven by aggressive pricing for premium models, data from Canalys showed.
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
Russia Is Preparing For A Gasoline Shortage By Tsvetana Paraskova of OilPrice.com Russia is seeking to import gasoline from Kazakhstan in case shortages occur on the Russian market because of the diminished refining capacity due to maintenance and damages from Ukrainian drone attacks, Reuters reported on Monday, citing industry sources. Russia has asked Kazakhstan to prepare to potentially deliver 100,000 tons of gasoline, the sources told Reuters. Russia is also ready to...
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....
Indians head to the polls on April 19 and are expected to hand Prime Minister Narendra Modi another five-year term.
Tesla chief Elon Musk is set to meet Indian Prime Minister Narendra Modi soon, and the timing couldn't be any better.