An internal Reserve Bank of India committee is likely to recommend maintaining the current inflation target of 4%, with a 2%-6% tolerance band, in the upcoming government review. The panel favors retaining the consumer price index as the target, citing…
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On the positive side, India’s manufacturing activity strengthened and petrol consumption increased at a fast clip.
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Voltas has received a show cause notice from Central GST authorities regarding an alleged shortfall of Rs 265.25 crore in tax payments. The notice, pertaining to financial years 2018-19 to 2020-21, concerns Universal Comfort Products Limited, which merged with Voltas…
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Foxconn is reducing its Chinese workforce at iPhone factories in India, potentially slowing production and technology transfer. This decision follows Beijing’s efforts to curb technology exports, impacting Apple’s manufacturing diversification plans. While India aims to increase iPhone production, this shift…
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A transformative shift in India’s work culture is emerging, as the country seems to be inching towards its own version of China’s 996 work culture. A series of debates and discussions following Infosys cofounder Narayan Murthy’s 70-hour work-week remark to…
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Internal auditors in India are raising concerns about the rapid adoption of AI without adequate controls and ethical safeguards. Companies face risks like biased outputs, privacy violations, and legal liabilities due to insufficient board-level engagement and oversight. Auditors emphasize the…
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