Nokia has settled a patent dispute with Amazon over video technologies used in Amazon's streaming services and devices. The settlement resolves all ongoing litigation between the two companies. Nokia had accused Amazon of violating its patents for video compression and content delivery in October 2023. Details of the settlement remain confidential.
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FIIs were net sellers of Rs 1,27,401 crore in FY2025, but selling eased in March. DIIs bought Rs 6,06,368 crore throughout the year. The change in FII strategy in March contributed to Nifty's gains. SEBI's new threshold for beneficial ownership disclosures and RBI's increased investment cap aim to boost market liquidity.
PAN 2.0: PAN cardholders can get a reprinted card with a QR code. The reprint costs Rs 50. The income tax department will send the new card to your registered email address.
Nuvama recommends holding Ambuja Cements, anticipating growth after its merger with Shanghi Industries and Penna Cement. Kotak advises reducing Indiamart Intermesh holdings due to high churn. Yes Securities initiates coverage on Hyundai Motor India with a buy rating, citing the company's evolving tech landscape. JP Morgan gives Swiggy an overweight rating, expecting growth in food delivery and quick commerce.
Bank depositors are covered by the DICGC's insurance scheme up to Rs 5 lakh per account. Strategically distributing deposits across various banks can enhance coverage, as personal accounts, business accounts, and different joint arrangements are treated separately.
India’s low volume of goods exports to the US offers a buffer against trade tensions due to Trump's tariff moves, with strong services exports and supportive domestic policies enhancing resilience. Economic recovery strategies include increased government spending, eased monetary policies, moderated food inflation, and robust services exports driving growth, says Morgan Stanley.
EET Fuels, operating as Essar Oil (UK), secures $350 million in new bank and upsized trade credit financing, including $150 million from Afreximbank. This fund aims to reduce carbon emissions by 95% and develop Stanlow as an energy transition hub, focusing on industrial carbon capture and low carbon hydrogen production.
Amazon agrees to acquire Bengaluru-based digital lending startup Axio, formerly known as Capital Float, for an estimated enterprise value of $150-160 million. Axio, which provides pay-later and credit offers, is awaiting Reserve Bank of India approval. Amazon aims to expand its financial services in India through this acquisition.
GCMMF has announced a Re 1 price reduction per litre for its one-litre Amul milk packs across India to encourage consumers to buy larger packs. In Delhi, Amul Gold will now cost Rs 67, and Amul Taaza is priced at Rs 55. GCMMF reported an 8% growth in turnover and continues to expand its global presence.
Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a 30% flat deduction on gross income.
CII proposes a seven-point agenda in the FY26 budget to enhance employment generation, stressing an integrated national employment policy, support for labor-intensive sectors, international mobility authority, and increased female workforce participation, to harness India's youthful demographic dividend and drive inclusive economic growth.