The imposition of US tariffs on textile imports presents a mixed bag for the Indian textile industry. While it offers a competitive advantage over other exporting nations, it also poses challenges
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India's agricultural sector is projected to achieve record foodgrain production of 164.7 million tonnes in 2025, driven by favourable monsoon. However, challenges remain in pulses and oilseeds self-sufficiency. New schemes, including NMEO-Oilseeds, aim to address import dependency, while technological innovations and government support foster growth.
Indian Railways now mandates centralised Computer Based Tests (CBT) for departmental promotions, enhancing exam security with 256-bit encryption. This decision follows a paper leak scandal leading to CBI arrests at East Central Railway.
Large IT firms saw growth driven by small and mid-sized deals in the December quarter, with a strong pipeline and shorter deal decision-making cycles. HCLTech's annual contract value increased by 23% year-on-year, while TCS signed deals worth $10.2 billion. The shift towards smaller, shorter-tenure deals aligns with changing client spending patterns.
Sebi exempts the Indian government from making an open offer to Vodafone Idea shareholders, as the government plans to acquire over 34% stake by converting spectrum dues into equity. This move, aimed at protecting public interest, will help VIL maintain its customer base and enhance telecom penetration in India without changing company control.
India is rapidly embracing artificial intelligence, with 65% of Indians using AI, compared to the global average of 31%. Millennials, particularly those aged 25-44, are leading this trend. AI is primarily used for translations, answering questions, workplace efficiency, and school assistance. However, concerns about deepfakes, scams, and online abuse persist, especially for children under 18.
Personal income tax (PIT) has become a significant source of tax revenue in India, contributing 31% to the centre's gross tax collections in FY24. In contrast, corporate income tax (CIT) contributions have declined. The government's focus on widening the tax net and other measures have driven this increase in PIT collections, while keeping corporate taxes competitive.
Nestaway Technologies' co-founder Amarendra Sahu has accused key investors like Tiger Global Management and Goldman Sachs of cheating and forgery in the sale of the company to Aurum PropTech. Sahu claims the sale was enforced with forged documents and alleges misuse of proceeds by co-founders.
Luxury watch brands are experiencing a surge in demand across metro and tier-2, tier-3 cities in India in 2024, despite a global slowdown, especially in China. Increased affluence and competitive pricing in India are driving growth, with cities like Mangalore and Pune becoming significant markets, prompting global brands to expand their presence.
Tesla's global sales recorded a decline for the first time in at least nine years, dropping 1.1% to 1.79 million vehicles in 2024. Despite incentives, waning demand and increased competition contributed to the drop. Fourth-quarter sales missed expectations, with the average sales price falling, impacting profit margins.
JSW Group is in advanced negotiations to buy Everstone Capital's 8% stake in MG India, potentially increasing JSW's stake to 43%. Currently, Everstone Capital holds 8%, while JSW Group owns 35%. MG India's Chinese parent SAIC owns 49% of the company. The valuation of the 8% stake could be Rs 1,000-1,200 crore.