Maruti Suzuki, India’s leading carmaker, remains skeptical about the mass adoption of electric vehicles (EVs) due to concerns over range, charging infrastructure, and customer trust. Meanwhile, Hyundai is optimistic, predicting the share of EVs in total car sales to grow significantly, reaching 5% by FY27.
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The telecom department (DoT) and companies in India used the 'International Incoming Spoofed Calls Prevention System' to block 70% of spoofed calls, reducing them from 1.5 crore to 5 lakh daily. They are now tackling scams using virtual private networks. AI tools like ASTR identified 78 lakh fraudulent connections, blocking many and leading to 365 FIRs.
The Trump administration's policies are causing concerns among F-1 student visa holders, H-1B visa holders, and green card holders. Many are hesitant to travel outside the US due to potential re-entry issues.
On January 19, 2025, Melania Trump launched the MELANIA meme coin, which quickly achieved a $4 billion market capitalization within 30 minutes. This launch affected the TRUMP meme coin, reducing its market cap by $5 billion. The MELANIA token allocation raised ethical concerns, with 90% held in a single wallet and significant portions allocated to team vesting and treasury.
TCS reported a 4.5% year-on-year revenue increase in constant currency terms for the Dec quarter, though performance was flat sequentially due to seasonal factors and reduced discretionary spending. Revenue rose to $7.5 billion in dollar terms. Despite a mixed performance across geographies and sectors, TCS's order book grew to $10.2 billion, bolstering confidence in future growth.
Union home minister Amit Shah commended Prime Minister Narendra Modi and finance minister Nirmala Sitharaman for presenting a comprehensive and visionary Union Budget 2025. Key features of the budget include a significant tax exemption for income up to Rs 12 lakh, aimed at enhancing the financial well-being of the middle class.
India's goods exports marginally increased to $437.4 billion in 2024-25, possibly influenced by anticipatory shipments before potential US tariffs. Despite global challenges, total goods and services exports rose by 6% to $820 billion, with non-oil exports reaching a record $374 billion. Engineering and electronics exports saw significant growth, highlighting India's resilience in a tough economic climate.
Rosneft and Reliance inked a massive oil supply deal. Rosneft will provide almost 500,000 barrels daily to Reliance. This deal strengthens India-Russia energy ties. The agreement involves various Russian crude grades and fuel oil. Supplies begin in January and continue for at least ten years. This deal impacts global oil markets and competition among producers.
Budget 2025 income tax expectations: The introduction of pre-filled Income Tax Returns (ITRs) has proven to be a significant advancement in streamlining the tax filing process. However, there is a strong need for further enhancement in data extraction.
Three years ago, Liang Wenfeng's hedge fund firm faced a major setback, but he used that time to develop DeepSeek, an AI startup. DeepSeek's breakthrough technology has shaken global AI markets, challenging the US lead. Liang's achievement is notable given his local team, limited resources, and constrained access to advanced tech.
Yes Bank disclosed that it has received a demand notice for Rs 2,209 crore from the income tax department for the 2019-20 assessment year. Although the reassessment confirmed the original income assessment without additional changes, an unexpected demand including interest has been raised against the bank.