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Tesla signs 5-year lease deal to open first showroom in Mumbai; rent is $446,000

Tesla signs 5-year lease deal to open first showroom in Mumbai; rent is $446,000

6 March 2025

Tesla, the US-based electric vehicle (EV) giant, has taken a major step towards entering the Indian market by securing a lease for its first showroom in Mumbai. According to a report, Tesla has signed a 5-year lease agreement, marking a renewed effort to establish a presence in India after previous plans were put on hold. …

NRIs and PIOs Invest ₹60,998 Crore in GIFT City Funds

NRIs and PIOs Invest ₹60,998 Crore in GIFT City Funds

6 March 2025

The Gujarat International Finance Tec-City (GIFT City) has emerged as a key investment hub for the Indian diaspora, with funds flowing in from Non-Resident Indians (NRIs) and People of Indian Origin (PIOs). According to the International Financial Services Centres Authority (IFSCA) chairman, Mr. K Rajaraman, investments in GIFT City-based funds have now surpassed ₹60,998 crore …

5 Major Changes in TDS and TCS Rules from April 1: Know the Details

5 Major Changes in TDS and TCS Rules from April 1: Know the Details

6 March 2025

The Union Budget 2025 has introduced several important amendments to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations, effective from April 1, 2025. These changes are designed to reduce unnecessary complexities in tax deduction and collection, offering relief to common taxpayers, traders, and businesses. The modifications primarily focus on raising deduction …

Ajit Ratnakar Joshi Takes Over as RBI’s Executive Director, Effective March 3

Ajit Ratnakar Joshi Takes Over as RBI’s Executive Director, Effective March 3

6 March 2025

The Reserve Bank of India (RBI) has appointed Dr. Ajit Ratnakar Joshi as its Executive Director (ED), effective March 3, 2025. The central bank announced the appointment on March 5, 2025. Role and Responsibilities In his new role, Dr. Joshi will oversee the Department of Statistics and Information Management (DSIM) and the Financial Stability Department. …

India’s Credit Card Growth Slows: Disbursement Hits 4-Year Low

India’s Credit Card Growth Slows: Disbursement Hits 4-Year Low

6 March 2025

India’s credit card industry is witnessing a slowdown, with disbursement growth hitting a 4-year low. January 2025 saw a decline in total spending and a reduction in the number of credit cards in circulation. While major banks still dominate the market, cautious consumer sentiment and market saturation are becoming evident. Credit Card Sector Faces Slowdown …

Hiring Grows 10% in February, Demand Surges for Freshers, Skills-Based Roles: Report

Hiring Grows 10% in February, Demand Surges for Freshers, Skills-Based Roles: Report

6 March 2025

Hiring grows 10pc in February, demand surges for freshers, skills-based roles: Report Bengaluru, March 6 (IANS) India’s job market continued its upward momentum in February 2025, with hiring growing 10 per cent month-over-month (MoM), according to a report on Thursday. The report, based on the latest insights from the jobs and talent platform foundit, showed …

8 MOUs Worth Over ₹1.04 Lakh Crore Signed at Semiconductor Conference in Gujarat

8 MOUs Worth Over ₹1.04 Lakh Crore Signed at Semiconductor Conference in Gujarat

6 March 2025

Gandhinagar, March 6 (IANS) The Gujarat Semiconnect Conference, held at Mahatma Mandir, in Gandhinagar saw the signing of eight major Memorandums of Understanding (MoUs) in the presence of Chief Minister Bhupendra Patel. These agreements, collectively worth more than Rs 1.04 lakh crore, aim to bolster semiconductor and electronics manufacturing in Gujarat, generating thousands of jobs. …

CDIL Semiconductors and Infineon Technologies to Boost India’s Power Chip Manufacturing

CDIL Semiconductors and Infineon Technologies to Boost India’s Power Chip Manufacturing

6 March 2025

New Delhi, March 6 (IANS) Domestic company CDIL Semiconductors and Infineon Technologies Asia Pacific, a global semiconductor leader in power systems and IoT, on Thursday signed a memorandum of understanding to explore strategic collaboration opportunities in India’s fast-growing chip market. With the government prioritising semiconductor self-reliance, this collaboration supports India’s goal of strengthening local production …

Trump Criticises High Tariffs Charged By India, Announces Reciprocal Tariffs From April 2

Trump Criticises High Tariffs Charged By India, Announces Reciprocal Tariffs From April 2

5 March 2025

New York/Washington, Mar 5 (PTI) US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. Trump made these remarks in an address to the Joint Session of the Congress on Tuesday. …

Jabil to Set Up Silicon Photonics Plant in Gujarat

Jabil to Set Up Silicon Photonics Plant in Gujarat

5 March 2025

Gandhinagar, Mar 5 (PTI) US electronics manufacturing company Jabil has plans to set up a silicon photonics manufacturing factory in Gujarat, a senior official of the company said on Wednesday. While speaking at IESA Vision Summit, Jabil, Executive Vice President, global business unit, Matt Crowley said that the company has decades of experience in silicon …

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