China Cos.: The Centre is looking to immediately operationalize its order that will likely weed out Chinese vendors from the supply chains of all forms of surveillance equipment in the aftermath of the recent coordinated pager explosions in Lebanon, multiple sources aware of the development told ET. The move is set to benefit local companies. […]
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Sunil Gupta, Chief Executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. The Government has halved the revenue threshold for companies seeking to bid for the Rs 10,000 crores graphics processing units (GPUs) tender, conceding […]
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While the Department for Promotion of Industry and Internal Trade (DPIIT) is the nodal body, monitoring China’s moves, the Ministry of New & Renewable Energy also keeps a close watch, the official added. India is bracing to meet the challenges posed by Beijing’s ‘Made in China 2025’ strategy, a three-step plan to promote China as […]
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Growth comes on the back of renewed focus on MSMEs, digitalization of economy, and schemes offering collateral-free loans, among others. Indicating a positive trend, loans to the Micro, Small and Medium Enterprises (MSMEs) have showed an uptick on a year-on-year basis so far in the current fiscal, compared to the corresponding period last fiscal. According […]
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Transforming India into a Global Manufacturing Powerhouse Introduction Launched on September 25, 2014, by Prime Minister Narendra Modi, the “Make in India” initiative is completing 10 years as a pivotal step in India’s nation-building efforts. On the occasion, Prime Minister, Shri Narendra Modi expressed in his blog that “Today is an occasion to salute each […]
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The STT applicable to futures and options (F&O) trading is set to increase from October 1, 2024. Specifically, the tax rates for Futures & Options (F&O) of securities will rise to 0.02% and 0.1%, respectively. Union Budget 2024: Union Finance Minister Nirmala Sitharaman introduced some changes in terms of income tax in the Union Budget […]
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The Bombay Stock Exchange (BSE) SME platform has been a game-changer for small and medium enterprises (SMEs) in India, offering them a pathway to raise capital through initial public offerings (IPOs). This access to funding has allowed many SMEs to scale their operations and pursue growth ambitions that might have otherwise been out of reach. Once […]
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This Diwali, consumers may face higher costs for gift hampers as prices of dry fruits and chocolates have surged. An ET study reveals a 14% average increase in prices due to lower supply and rising cocoa costs. Industry executives fear this inflation could dampen consumer demand during the festive season. It’s the ‘festival of lights’ […]
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LinkedIn released its seventh annual top startups list for India, showcasing the country’s emerging companies based on data from the professional social-networking site. The report comes amid a booming environment for entrepreneurs. In fact, India has the third-largest startup ecosystem in the world, according to official government site Startup India. “As of 2022, the number of unicorns […]
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Markets regulator, Sebi is expected to take steps to rein in the retail frenzy in F&O trading in a board meeting on Sept 30. These decisions could include tightening of rules for the speculative futures & options segment of the market and stricter margining system. The Sebi board is also expected to give its nod […]
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