Author: NNI Editor

European Union flags. Representative image | Photo Credit: Reuters The European Union has acknowledged India’s “specific concerns” about implementing the Carbon Border Adjustment Mechanism (CBAM) — the bloc’s tool to levy taxes on imports of certain carbon-intensive goods from early next year — and is ready to address them. While some of the concerns may be “illegitimate”, as the CBAM is a WTO-compatible measure, the EU is committed to addressing all worries and sharing its experience to help in the implementation, an EU official said. “I think we know that the Indian side has had specific concerns on CBAM and on the…

Representative image | Photo Credit: Getty Images/iStockphoto Banks mopped up 75% more resources via infrastructure bond issuances in the current financial year so far, amidst deposit growth lagging credit growth and the cost of funding via this route being as competitive as term deposits. They collectively raised ₹89,588 crore via infrastructure (infra) bond issuances in the first 11 months of the current financial year against ₹51,081 crore in the year ago period. Public sector banks (PSBs) accounted for 90% of the total infra bond issuances in the aforementioned period against 51% in the year-ago period. Private sector banks accounted for the rest.(The…

Wipro Limited, a technology services and consulting company, on Wednesday said it would be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding.This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company’s investments in early- to mid-stage startups, as per a company communique. Srini Pallia, CEO & MD of Wipro, said this investment reaffirmed Wipro’s commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. “Wipro Ventures is strategically positioned to participate…

Recyclekaro, which is into e-waste management and lithium-ion battery recycling, said it has increased its total e-waste recycling capacity to 24,000 tonnes annually at its facility in Palghar, near Mumbai. While e-waste recycling capacity has been increased from 7,500 tonnes to 24,000 tonnes per year, battery recycling capacity has grown from 4,200 tonnes to 10,000 tonnes per year, the company said in a statement.“As we expand, we remain focused on pioneering innovative recycling solutions that will redefine the industry. By leveraging advanced technology and sustainable practices, we are driving India’s shift towards a circular economy,” said Rajesh Gupta, Founder & Director,…

Semiconductor firm RRP Electronics Ltd. has entered into a MoU with U.S.-based Deca Technologies, Inc. to acquire the latter’s wafer-level packaging capabilities. “This partnership marks a significant milestone in India’s journey to becoming a global semiconductor powerhouse,” RRP Electronics said.Under the MoU, RRP Electronics, which has expertise in assembling and testing semiconductor components, will integrate Deca’s Wafer-Level Chip Scale Packaging (WLCSP) and M-Series Fan-Out Wafer-Level Packaging (FOWLP) technologies into its processes. This will enhance RRP’s ability to deliver high-performance semiconductor solutions to customers worldwide, it said. Deca Technologies is backed by Qualcomm, Infineon, and ASE Group.Rajendra K. Chodankar, Chairman & CEO,…

After an extensive hearing of arguments for days in the $1.4 billion tax dispute case of Skoda Auto Volkswagen India with the Indian Customs, the Bombay High Court on Wednesday directed the Customs department to file an affidavit explaining how its September 2024 show-cause notice to the German auto giant is not barred by limitation.A Division Bench of Justices B. P. Colabawalla and Firdosh Pooniwalla observed, “On the issue of limitation, which is factual, please file an affidavit setting out how limitation does not arise. Though we have heard extensively on all issues, as of now, we are only deciding…

The Trump administration wants to look into Fort Knox, the legendary depository for American gold reserves in Kentucky. Why? “To make sure the gold is there.” But where would the gold have gone? If the gold is missing, what would it mean to the US economy? To us in India? And what are India’s own gold holdings and where do we store them? Script & Presentation: K. Bharat KumarEditing: Shibu Narayan Published – February 26, 2025 09:28 pm IST Source link

India shipped 5.73 million units of tablets, detachable and slates put together, during calendar 2024, a 42.8% year-over-year growth, reported Massachusetts-based International Data Corporation (IDC).India’s tablet market surged in calendar 2024 as rising notebook prices and better Android features made tablets the go-to choice for productivity and entertainment, said the firm on Wednesday.The detachable and slate tablet categories grew by 30% YoY and 47.2% YoY, respectively. The market, however, declined by 17% YoY in 4Q2024 due to delays in some government manifesto deals, it said.As (IDC) Worldwide Quarterly Personal Computing Device Tracker, the consumer segment grew by 19.2% YoY in 2024, driven…

Though COVID might have created a demand for larger homes, the micro market of Dadar, the central Mumbai bastion of Maharashtrians known for the iconic Shivaji Park is witnessing rising demand for compact luxury homes in the price range of ₹2.5 crore to ₹5 crore, according to real estate developers and property experts.With local residents and a growing segment of young professionals, MSME owners, affluent and nuclear families seeking compact yet luxurious homes, areas like Dadar, Shivaji Park, Old Cadel Road and even adjoining Prabhadevi have seen a spate of construction activities, mostly redevelopment.According to developers, smaller units, mostly 2…

VFS Global said it has introduced AI-powered Chatbot for U.K. visa applicants in 141 countries. Developed at VFS Global AI Centres located in India, UAE and Germany, the chatbot leverages Generative AI-powered conversational capability, offering human-like, conversational support and even responding to voice and text inputs, effectively catering to a diverse audience, the company said.Jen Vidler, deputy director, cross-cutting service operations, visa, status and information services, customer services group, U.K. visas and immigration, said, “The rollout of VFS Global’s AI-powered chatbot demonstrates our continued commitment to ensuring our visa services are accessible, efficient and meet the needs of all customers.” “Providing…