Formula 1 returns after a four-week break for the Azerbaijan Grand Prix, the fourth round of the 2023 F1 Championship. The race weekend kicks off on Friday, April 28, and goes on till Sunday, April 30, with F1 and F2 sessions and races scheduled to take place across the weekend. Red Bull Racing and Max … Read more
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The company, which has earmarked a capex of around Rs. 8,000 … Read more
Karnataka High Court has rejected China-based Xiaomi’s petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday. India’s federal financial crime agency froze Xiaomi’s assets last year, alleging the company had made illegal remittances to foreign entities by passing them off as royalty … Read more
India and the UK on Wednesday discussed international developments regarding crypto assets and emphasised the importance of robust global approaches to deal with risks attached to this. At the India-UK 2nd Financial Markets Dialogue participants from both countries provided updates on recent developments in their respective banking sectors, discussing banking trends and emerging vulnerabilities and … Read more
US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said. He said that the electronics industry works like this as first they put a basic set up and then they keep sourcing … Read more
Apple has significantly increased its production of iPhone models in India, accounting for almost 7 percent of its total iPhone production, up from 1 percent in 2021, Bloomberg News reported on Thursday. The company assembled more than $7 billion (roughly Rs. 57,396 crore) worth of iPhone models in the country in the last fiscal year, the report … Read more
Apple Chief Executive Officer Tim Cook has scheduled a trip to open the iPhone maker’s first stores in India next week, underscoring the company’s ambitions for the country as a growth market and manufacturing base. Cook is likely to preside over the opening of the twin outlets in India’s financial and political capital, people familiar … Read more
The Centre on Tuesday informed the Supreme Court that the government will table the Digital Personal Data Protection Bill in the upcoming Monsoon Session of Parliament in July. A five-judge Constitution bench of Justices KM Joseph, Ajay Rastogi, Aniruddha Bose, Hrishikesh Roy and CT Ravikumar fixed the matter for hearing in August. Attorney General R … Read more
The Centre on Monday directed state governments to enforce Bureau of Indian Standard (BIS) certification on consumer products while stressing the use of digital technology to protect consumer rights and reduce pending cases in consumer courts. After inaugurating a day-long workshop on “Consumer Protection in the northern states” held in Chandigarh, Consumer Affairs Secretary Rohit … Read more
Internet has been suspended in Jharkhand’s Jamshedpur following stone-pelting between two groups over the alleged desecration of a religious flag. Stone pelting broke out between two groups in Jamshedpur on Sunday. There were incidents of arson and many properties were damaged. The incident took place in the Kadma police station area. Section 144 has been … Read more