AI phones to get more affordable as smaller brands get cheaper chips
As per market research firm Canalys, the average selling price of AI smartphones has fallen by 39% on-year in the March quarter to $994 from $1,140 a year ago.
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Motilal Oswal founders invest $100mn in Zepto
Motilal Oswal and Raamdeo Agrawal invested $100 million in Zepto through a secondary transaction, valuing the company at $5 billion. This move increases Zepto’s domestic shareholding to over 35% as it prepares for an IPO. The founders’ investment is part…
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Trump drops the price bomb, Indian pharma may feel aftershock
President Trump’s plan to lower US prescription drug prices by aligning them with other countries could impact Indian pharmaceutical companies, which heavily rely on the US market for revenue. While primarily targeting innovator drugmakers, the move may squeeze Indian generic…
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RBI dividend to inject fresh liquidity
The RBI’s substantial dividend payout to the government, fueled by strong earnings from forex reserve deployment and dollar sales, is set to inject significant liquidity into the banking system, potentially reaching Rs 6 lakh crore.
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Gensol Engineering promoters resign from company after SEBI order
Earlier on April 15, the Securities and Exchange Board of India (Sebi) barred Gensol Engineering and promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets till further orders in a fund diversion and governance lapses case.
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Tax dept detects 1,549cr in bogus billing, blocks 108cr fraudulent ITC claims: Min
Punjab’s finance minister, Harpal Singh Cheema, reported that the state’s taxation department has detected Rs 1,549 crore in bogus billing this fiscal year, blocking fraudulent ITC claims worth Rs 108.79 crore. The AAP government’s GST collections reached Rs 62,733 crore…
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