Apple ecosystem the biggest blue-collar job creator for India! Since the launch of the Production-Linked Incentive (PLI) scheme for smartphones in August 2021, the Apple ecosystem has emerged as a major job creator in India. Directly employing over 150,000 individuals, it stands as the largest blue-collar employer in the country. Government officials and experts told … Read more
Corporate India’s credit profile reported robust performance during FY24, with 312 issuers seeing credit upgrades and 114 facing downgrades during the fiscal year, rating agency India Ratings and Research said on Monday. The rating agency’s corporate downgrade-to-upgrade (D/U) ratio remained low at 0.37 for FY24, but saw some moderation from 0.26 in FY23. Defaults stood … Read more
The United States Friday said that it continues to monitor implementation and raise concerns with India on restriction of imports of certain information and communications technology products, including laptops, tablets, and servers. In its National Trade Estimate Report on Foreign Trade Barriers 2024, the US Trade Representative (USTR) said: “Since 2021, US firms have been … Read more
Microsoft and OpenAI are reportedly planning a massive data-centre project that could cost up to $100 billion, including the development of an artificial intelligence supercomputer called “Stargate,” according to a report by The Information. The project is said to be financed by Microsoft. The proposed efforts, as per the source who has seen the initial … Read more
On average, real GDP growth after simultaneous polls was comparatively higher than otherwise, the panel led by former President Ram Nath Kovind said. The committee submitted its report to President Droupadi Murmu on Thursday, recommending Constitutional amendments to facilitate concurrent polls. Home minister Amit Shah, former leader of the Opposition in Rajya Sabha Ghulam Nabi … Read more
The Enforcement Directorate (ED) has attached assets worth ₹367 crore in the money laundering case involving Bhushan Steel Limited and others. The immovable properties are located in Delhi, Mumbai, Kolkata, and Odisha. On Friday, the agency said the attached properties were held in the name of “benamidars” and shell entities through dummy directors. It is … Read more
Joe Biden said Benjamin Netanyahu’s approach to the war in Gaza was “hurting Israel more than helping Israel” in an interview aired Saturday, as the US leader’s impatience with his Israeli counterpart grows increasingly visible. With Gaza’s humanitarian crisis growing more dire and Biden’s left flank in uproar, the US president made contradictory remarks as … Read more
Last week’s gold rush may have been triggered by bets on the US Federal Reserve‘s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China. Prices breached Dec’s record on Tuesday and have jumped to successive daily highs ever since. The rally itself was peculiar: gold tends to … Read more
Paramount Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter, as Asia’s richest man continues to consolidate his clout in one of the world’s fastest-growing entertainment markets. The New York-based media company has been in advanced … Read more