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The Economic Times
The Economic Times India's EVs, ancillary industries may see Rs 3.4 lakh cr investment by 2030: Colliers
The report mentioned that individual companies across the EV landscape have announced plans to invest USD 40 billion (Rs 3,40,000 crore) in a phased manner till 2030. Out of this, USD 27 billion is planned for lithium-ion battery manufacturing and USD 9 billion for OE (Original Equipment) and EV manufacturing.
The Economic Times Govt says 3,000 MW electrolyzer manufacturing capacity coming up in country
The Mission aims to develop green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country.
The Economic Times Manufacturing industry transformed by digitalisation, IoT and AI, says Phillips Machine Tools MD Terrence Miranda
The machine tool industry is undergoing a major shift. Digitalization and automation are key. Emerging technologies like AI and IoT are reshaping manufacturing. Aerospace, defense, and medical devices are driving demand. India is becoming a global manufacturing hub. Initiatives like "Make in India" are boosting domestic production. Phillips Machine Tools is adapting to currency fluctuations and promoting sustainable practices.
The Economic Times Electronic giants shift entry-level production to contract manufacturers to free up capacities in plants
Rajesh Agarwal, director at leading contract manufacturer Bhagwati Products, said globally in markets like China brands outsource production of electronic products to original design manufacturers and electronics manufacturing services (EMS) companies.
The Economic Times Apple may be developing a custom AI server chip with Broadcom
Apple is partnering with Broadcom to develop a custom AI processing chip, code-named Baltra. This chip, slated for mass production by 2026, will be manufactured using TSMC's advanced N3P process. This move strengthens Apple's AI capabilities, building on recent Apple Intelligence features and its history of in-house chip design.
The Economic Times Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry
The Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25.
The Economic Times ADB approves USD 500 million for green infrastructure in India
The Asian Development Bank (ADB) has approved a USD 500 million loan to support India's economic growth through the development of environmentally sustainable infrastructure.
The Economic Times Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman
Outlining the priorities of the economy for the next decade, Sitharaman said the industry should work with small and medium enterprises to explore how they can support large units, while equally contributing to job creation.
The Economic Times CA Technologies’ India arm renews lease for 1.08 lakh sq ft office in Pune’s Kharadi
The software solutions provider for managing information technology infrastructure and services will be paying rentals of Rs 1.08 crore per month initially.
The Economic Times Crypto regulation, broad based PLI, AI focus key: PHDCCI president
PHDCCI President Hemant Jain urged the Indian government to regulate cryptocurrency, citing US President-elect Donald Trump's support as a positive development. He also advocated for expanding Production Linked Incentive schemes, focusing on AI, and lowering personal income tax rates in the upcoming budget. Jain highlighted concerns about global uncertainties and their potential impact on India's economy.
The Economic Times 73 pc of e-commerce, tech startups planning workforce expansion in India
About 73 per cent of the e-commerce and tech startups are planning workforce expansion, signalling a net employment change of 8.9 per cent, a report showed on Wednesday.
The Economic Times Domestic startup Rebel Foods raises funds ahead of planned IPO
Rebel Foods, an online restaurant startup, secured $210 million in funding led by Temasek, valuing the company at $1.4 billion. The company plans an IPO within two years and aims to expand its network of dark kitchens from 450 to 800 by 2029, leveraging AI to enhance operations and customer service.
The Economic Times ITAT upholds taxpayer's right to legitimate tax planning
The Mumbai ITAT upheld a taxpayer's right to offset short-term capital losses against long-term gains, reducing tax liability. The tribunal rejected the tax department's claim of a 'colourable device,' stating the Mindtree share sale, though timed after a bonus issue announcement, was legitimate tax planning, not evasion.
The Economic Times Mahindra Lifespace gets tax demand of Rs 2.09 crore from GST department in Tamil Nadu
In a regulatory filing, Mahindra Lifespace Developers Ltd said the "company has received order from the Office of the Assistant Commissioner of State Tax, Chengalpattu, Assessment Circle Tamil Nadu, GST imposing tax demand along with interest and penalty."
The Economic Times Gateways seek GST waiver on low-value commissions
Payment gateway operators are urging the finance ministry to reconsider an 18% GST levy on commissions from small-value digital transactions (up to ₹2,000). They argue that passing this tax burden onto merchants will hinder the growth of digital payments, especially in smaller towns. Tax authorities are seeking backdated GST from fiscal 2017-18, impacting major players like BillDesk and CCAvenue.
