India Announced Minimum Wage Hike for Workers Starting from October 1, 2024
The minimum wage rates were last adjusted in April 2024. The Ministry of Labour & Employment stated that the upcoming revision aims to support further...
Tag : India
India’s Manufacturing Incentives Advances Amid Efforts to Cut Imports from China
Since its launch in 2020, India’s production-linked incentive scheme has attracted over USD 17 billion in investments, benefitting manufacturing in 14 sectors. The scheme has...
India’s Growth Forecast Unchanged at 6.8%; Rate Cut Expectation from RBI: S&P Global
S&P Global Ratings has kept its prediction for India’s growth unchanged at 6.8% this year. The agency also expects the Reserve Bank of India (RBI)...
Indian Refiners Cancelled 1,00,000 MT of Palm Oil Purchases on Import Duty Hike, Price Rise: Report
Indian oil refiners have cancelled purchases of 1,00,000 metric tons (MT) of palm oil scheduled for delivery between October 2024 and December 2024. They took...
Tech Giants Google and Nvidia to Enhance AI Focused Investments in India
Google and Nvidia, two technology giants, are planning to increase their involvement in India, with a specific focus on utilising artificial intelligence technology in the...
Wealthtech Startups in India to Use AI Models to Redefine Business
Startups in India are beginning to use artificial intelligence (AI) to improve customer interactions and enhance their services in the wealth tech sector. Bengaluru-based startup...
India to Get First National Security Semiconductor Fabrication Plant
India and the US have announced a joint project to establish a national security semiconductor fabrication plant in India. This collaboration aims to produce chips...
Navi Overtakes Amazon Pay and Emerges as Fifth Largest UPI Player
According to data from the National Payments Corporation of India (NPCI), Sachin Bansal’s fintech company Navi Finserv has surpassed Amazon Pay to become the fifth-largest...
Decrease in Crude Oil Prices Affecting India’s Oil Exports: CRISIL
The decrease in crude oil prices has affected India’s oil exports, resulting in a decline in overall exports in August. According to CRISIL, the scarcity...
India to Receive USD 1 Billion Investment from PD Group for AI-ready Data Centres
Princeton Digital Group (PDG), a data centre company based in Singapore, has revealed plans to invest USD 1 billion to expand its capacity to 230...