This year’s Union Budget will be paperless as well, to go green. By going paperless, the government will be able to reduce the amount of paper used to present tax proposals and financial statements. Except for a few hard copies, the Budget 2022 papers will be primarily available digitally. Members of Parliament (MPs) and the […]
Budget 2022 to be paperless and digitally accessible Read More »
While presenting the Union Budget, Finance Minister Nirmala Sitharaman announced the creation of a nationwide tele-mental health initiative for mental health counselling. The programme will be supported technologically by IIT Bangalore. She also stated that the National Digital Health Ecosystem will have an open platform. She explained, “It will include digital registries of health professionals
Dr. Venkatraman Anantha Nageswaran, a former executive at Credit Suisse Group AG and Julius Baer Group, has been named as the Government of India’s Chief Economic Adviser (CEA). He succeeds previous CEA KV Subramanian, who returned to academia in December after completing his three-year term. His appointment comes at a time when India’s economy is
V Anantha Nageswaran has been appointed the new chief economic advisor Read More »
Google, a subsidiary of Alphabet Inc., will invest up to $1 billion in Bharti Airtel in a move that might help the Indian telecom operator’s digital capabilities, according to a BSE filing on Friday. According to the firms, the investment involves a USD 700 million equity investment in Airtel for 734 rupees (USD 9.77) per
Bharti Airtel will receive up to $1 billion investment from Google Read More »
Future Retail is running out of time, as the Kishore Biyani-backed retailer has filed a Supreme Court petition seeking an extension on the January 29 deadline to repay lenders Rs 3,500 crore in debt installments. Future, India’s second-largest retailer, has been unable to execute a USD 3.4 billion retail asset transfer to a competitor since
Hero FinCorp (HFCL), a consumer banking company, plans to raise Rs 2,000 crore from current and previous investors for business reasons. This capital raise round will see Hero MotoCorp (HMCL) invest Rs 700 crore. The investment will be made in HFCL’s CCPS (compulsorily convertible preference shares). According to Hero’s exchange statement, HMCL owned 41.2 percent
Hero MotoCorp plans to invest up to Rs 700 crore in Hero FinCorp Read More »
Swiggy, a food delivery service, revealed on Monday that it had secured $700 million in a new investment round headed by Atlanta-based Invesco. Several new investors joined the round, including Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, and others, according to the business. The Bengaluru-based
On Friday, Indian markets surged to their highest level since early September, with banking and energy firms rising as concerns about the severity of the Omicron coronavirus variety faded. The NSE Nifty 50 index ended the day up 0.38 percent at 17,812.70, while the S&P BSE Sensex advanced 0.24 percent to 59,744.65. In the previous
As Omicron fears fade, the Sensex and Nifty have their best week since early September Read More »
Indian nationals will soon receive chip-enabled e-passports that will allow them to pass past immigration checkpoints all around the world with ease. Sanjay Bhattacharya, the Secretary of the Ministry of External Affairs, confirmed the situation in a recent tweet. These e-passports, he claimed, will secure biometric data, be compliant with ICAO standards, and be created
The platform for logistics Delhivery has announced its investment in Falcon Autotech, a developer of logistics automation systems. However, the amount spent in Falcon Autotech by Delhivery has not been disclosed. Delhivery expects to collaborate with Falcon Autotech to build and deploy innovative automation solutions for transportation and warehousing operations as a result of this
Delhivery invests in Falcon Autotech, a transportation automation technology Read More »
