Xiaomi says India’s scrutiny of Chinese firms unnerves suppliers
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) - China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter
India aims to collect $1.7 billion from online gambling tax in FY25
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) - India expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next financial year by taxing online gambling companies, Revenue Secretary Sanjay Malhotra told
India’s Paytm plunges 20% after RBI halts payments bank business
By Chris Thomas, Ira Dugal and Siddhi Nayak BENGALURU/MUMBAI (Reuters) - Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered its payment bank subsidiary to halt its business, threatening the company's
India yet to decide on lower taxes for imported EVs as local firms resist Tesla
By Una Galani and Peter Thal Larsen DAVOS, Switzerland, Jan 18 (Reuters) - India hasn't made up its mind on cutting import taxes on electric vehicles (EVs) under a new policy proposed for carmakers that commit to local manufacturing and that
India’s TCS to diversify to other markets amid US weakness
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) - India's No.1 software-services exporter Tata Consultancy Services (TCS) is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive
India launches astronomy satellite
A very impressive start to 2024: India has successfully launched an astronomy satellite, XPoSat, starting a year packed with pivotal tests for its human spaceflight program and the prospect of a joint crewed mission with NASA. About XPoSat India has initiated 2024 with
Tata to announce semiconductor fab investment in India’s Gujarat
By Aditya Kalra, Dhwani Pandya and Aditi Shah GANDHINAGAR, India (Reuters) - Tata Group is close to announcing plans to build a new semiconductor fabrication plant in India's Gujarat state this year, Tata Sons chairman Natarajan Chandrasekaran said on Wednesday at
Vietnam’s VinFast to set up $500 million EV facilities in India
By Phuong Nguyen HANOI (Reuters) - Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world's third-largest vehicle market. VinFast and the southern
India boosts AI in weather forecasts as floods, droughts increase
By Kanjyik Ghosh MUMBAI (Reuters) - India is testing artificial intelligence (AI) to build climate models to improve weather forecasting as torrential rains, floods and droughts proliferate across the vast country, a top weather official said. Global warming has triggered more intense