Indian Railways to launch sandbox policy for start-ups
A sandbox is a controlled environment where businesses can experiment while minimising regulatory or legal risks.
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IDC cuts global smartphone shipments forecast on tariff volatility
IDC expects growth to remain in low single digits throughout the year, with a five-year (2024-2029) compound annual growth rate (CAGR) of 1.4% due to increasing smartphone penetration, lengthening refresh cycles, and cannibalization from used devices.
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Trust, deregulation key to achieve long-term economic prosperity: Chief Economic Advisor
Trust, deregulation and reciprocation are the cornerstones of avoiding the middle-income trap and achieving long-term economic prosperity, Chief Economic Advisor (CEA) Dr V. Anantha Nageswaran said on Thursday.
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Interest rates, dollar sales boost RBI income by 27%
RBI’s FY25 net income surged by 27% due to higher global interest rates and dollar sales, enabling a record surplus transfer to the government. Increased returns from foreign currency assets and forex transactions significantly contributed to this rise. The central…
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Gensol defaults on BluSmart-linked bond repayment for May
The default stems from BluSmart halting operations and stalled deal talks, jeopardising loan repayments secured against vehicles. With vehicles now under lessor’s control, recovery efforts are underway amidst investigations into fund diversions by Gensol’s promoters.
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India may float paper on crypto assets norms in June
India is preparing to release a discussion paper on crypto assets, influenced by the IMF and FSB, amid growing global acceptance spurred by the US’s evolving stance. This comes as the nation considers regulatory frameworks and stakeholder input, with no…
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