business
India more accessible than EU, says Dutch chip company
A senior ASML executive stated European policymakers are difficult to reach. He found Indian government officials more accessible. ASML CEO Christophe Fouquet held a two-hour meeting with Prime Minister Modi. Modi listened intently and asked for improvement areas. This interaction shows India’s engagement with global industry leaders. Such direct dialogue is valued by companies.
Govt’s electronics parts manufacturing drive sees 1.1L crore proposals
Government efforts to boost India’s electronics component ecosystem attracted over Rs 1.1 lakh crore in investment proposals. This amount is almost double the initial target. The applications could generate Rs 10.3 lakh crore in new production. Many global and domestic firms submitted proposals. This initiative aims to establish India as a global electronics component supplier.
Online money gaming crackdown: Government proposes to make breaches non-bailable; warrantless searches allowed in draft rules
New draft regulations classify breaches of online money gaming protocols as non-bailable violations, extending accountability to all company personnel. Designated officers are authorized for warrantless searches and arrests under the PROG Act 2025, which prohibits online monetary gaming services. The Ministry of Electronics and IT is accepting public feedback on these stringent rules until October…
‘Being dealt with utmost seriousness’: Revenue department to probe Wintrack’s Chennai customs ‘corruption’ claims; senior officer deputed
The Finance Ministry said on Thursday that the Department of Revenue (DoR) has been asked to undertake a fair, transparent, and fact-based inquiry following allegations made by Wintrack Inc (Chennai) of “corruption and harassment” against Chennai Customs and the matter is being “with utmost seriousness”.
First in 60 years: Airbus board wraps-up meet in India; expansion in focus
Airbus board members completed a four-day visit to India. They held their first meeting in India since starting operations here. Chairman Rene Obermann met Prime Minister Modi. The board visited manufacturing facilities in Hyderabad and Bengaluru. They discussed investments with ministers. Airbus revealed plans for a joint training centre. India is a crucial market for…
‘Engaging discussion’: Commerce minister Piyush Goyal meets Airbus chairman, board members; investment, collaboration in focus
Commerce Minister Piyush Goyal met with the Airbus Board in India to discuss investment and deepening collaboration in the aviation sector. Airbus is establishing two new final assembly lines and plans to increase procurement from India to $2 billion by 2030, following major aircraft orders from Indian carriers. This marks their first board meeting in…
Berkshire Hathaway to acquire OxyChem for $9.7 billion: Last major deal under Warren Buffett’s leadership? What we know
Berkshire Hathaway is acquiring Occidental Petroleum’s OxyChem division for $9.7 billion, a major deal potentially preceding Warren Buffett’s retirement as CEO, with Greg Abel assuming leadership. This acquisition helps Occidental significantly reduce debt and strategically expands Berkshire’s chemical portfolio, complementing its existing Lubrizol subsidiary. The transaction is set to conclude in the fourth quarter.
Who is Aravind Srinivas? Perplexity’s CEO youngest among India’s billionaires- Check how much wealth he has
Chennai-born Aravind Srinivas, 31, has emerged as India’s youngest billionaire, debuting on the M3M Hurun India Rich List 2025 with a net worth of Rs 21,190 crore from his AI startup Perplexity. His entry highlights a significant shift in India’s wealth landscape, driven by young tech entrepreneurs in AI and digital platforms.