Govt received 70 applications for electronic component manufacturing scheme, 80% from MSMEs
Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players.
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‘We shouldn’t have taken that loan’: Byju’s CEO Raveendran on ED probe, loan default, and Byju’s 3.0
In his first extensive public comments since Byju’s downfall, founder Byju Raveendran outlined a comeback strategy he calls “Byju’s 3.0”, stressing his resolve to rebuild the edtech giant. In a wide-ranging interview with ANI, he reflected on toxic work culture,…
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India’s export outlook remains uncertain, trade deficit to widen to 1.2% of GDP in FY26: UBI Report
Union Bank of India’s report indicates India’s trade outlook faces uncertainty due to potential US reciprocal tariffs, projecting a wider current account deficit of 1.2% of GDP in FY26. April 2025 saw a significant widening of the merchandise trade deficit,…
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Shapoorji Pallonji asks RBI for three-year relief on Sterling Capital rules
Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent ₹28,500 crore fundraising backed by…
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Shikha Gupta opts out of Sebi Executive Director role
Shikha Gupta, approved as Sebi’s executive director during Madhabi Puri Buch’s tenure, has declined the role after initially accepting it. This rare decision prompts Sebi to restart the search process. Gupta’s appointment was previously contentious due to her HUL association,…
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Indian VC funds leverage AI to evaluate deals, boost workflows
Indian venture capital funds are increasingly leveraging artificial intelligence to automate tasks, significantly accelerating workflows and boosting productivity. Generative AI platforms like ChatGPT and Claude are being used for deep research, preliminary analysis, and portfolio management. While AI enhances efficiency,…
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