In a significant development within the Indian automobile industry, startups have taken the lead over established manufacturers in introducing electric two-wheelers to the market. This trend reflects a global shift in the automotive landscape, where disruptors have played a pivotal role in driving the electric vehicle (EV) revolution and promoting greener transportation alternatives. The CEO …
The Securities and Exchange Board of India (SEBI) has imposed fines on 15 entities after they allegedly made a profit of ₹2.09 crore through stock manipulation. The entities were found guilty of sending bulk SMSes disguised as stock tips from ICICI Securities. The fines, ranging between ₹5-8 lakh, were levied on Friday. According to SEBI, …
The Central Bureau of Investigation (CBI) has registered a case against 21 officials of Bharat Sanchar Nigam Limited (BSNL) for allegedly cheating the government-run telecom company out of ₹22 crore. The CBI conducted searches at 25 locations across multiple states as part of the investigation. According to officials, a contractor colluded with BSNL officials to …
During a meeting with Moody’s, India advocated for a sovereign rating upgrade and raised concerns about the criteria used by the rating agency to assign ratings. Following the meeting, an official expressed optimism, stating that Moody’s acknowledged the positive aspects of the Indian economy, and the country is hopeful for a rating upgrade. A higher …
According to reports, American chipmaker Micron Technology is nearing a deal to invest between $1 billion and $2 billion in establishing a semiconductor packaging factory in India. The agreement is expected to be announced during Indian Prime Minister Narendra Modi’s upcoming visit to the United States. This investment in India follows Micron’s recent commitment to …