Wealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to invest in lucrative FCNR accounts. This strategy aims for high returns and potential tax benefits. NRIs…
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Gold prices jumped significantly on Monday. This surge followed news of a preliminary peace deal between the U.S. and Iran. The agreement is expected to lower oil prices and ease worries about inflation and higher interest rates. This development has…
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Industry executives attributed the disruption to vessel shortages and uncertainty over shipping routes through the Strait of Hormuz. In addition, smaller component suppliers are facing labour shortages, lengthening production cycles and cascading through the supply chain.
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Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and…
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US export controls on advanced AI models have spurred India’s call for sovereign AI development. Industry leaders warn against reliance on foreign providers, urging a national mission for indigenous AI capabilities, similar to UPI and Aadhaar, to secure India’s technological…
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Vedanta’s Anil Agarwal is listing four companies simultaneously. This move aims to unlock significant growth potential across its businesses. The company plans substantial increases in production for aluminium, oil and gas, and steel. Vedanta expects to significantly boost tax inflows…
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