Shein’s partnership with Reliance Retail to establish India as a global manufacturing hub faces challenges as China discourages companies from shifting production overseas due to US tariffs. The original agreement, including integrating Indian MSMEs into Shein’s supply chain, is being…
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The cost of semiconductor chips in vehicles is expected to double from $600 to $1,200 by 2030 due to increased use of advanced technologies like EVs, ADAS, IoT, and autonomous driving, according to NITI Aayog. This reflects a broader transformation…
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India’s diesel demand growth hit a pandemic-era low in fiscal year 2024-25, rising just 2% to 91.4 million tonnes, as the economy slowed and cleaner fuels gained traction. Electric vehicles, particularly in urban transport and logistics, are increasingly displacing diesel,…
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Bank of India has revised its fixed deposit interest rates, effective April 15th, 2025. The bank has discontinued its special 400-day FD scheme, which offered a 7.30% interest rate. Interest rates have been reduced for short and medium-term deposits under…
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Following RBI’s repo rate cut, SBI has also reduced its EBLR, or external benchmark lending rate, and RLLR (repo-rate linked lending rate). This will be effective April 15, 2025. While MCLR rates remain unchanged, read on to know more about…
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The Congress party alleges significant tax avoidance among India’s wealthiest, citing a paper by economist Dr. Ram Singh. It claims the Modi government has compromised the tax system’s integrity, suggesting that large donations to the BJP can lead to overlooking…
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