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Gujarat holds talk with Foxconn for its semiconductor plant: Official

Foxconn this week exited its project with Vedanta, which was also planned for Prime Minister Narendra Modi's home state of Gujarat, citing issues such as slow progress

Vedanta to enter semiconductor market this year after Foxconn split

Foxconn separately intends to apply for incentives under India's semiconductor production plan

Shares of Indian gaming, casino firms drop after 28% GST imposition

These companies will now have to pay a 28% tax on the entire amount collected from players, instead of the small tax on the fee they charged for real-money games until now

Adani aims to close planned $4 bn fundraising by end-December: Report

The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private

Countries agree to extend digital services tax freeze through 2024: OECD

The first part of the two-pillar deal aims to reallocate taxing rights on about $200 billion in profits from the biggest and most profitable multinationals to the countries where their sales occur

Quadria Capital to invest up to $155 mn in Maxivision Eye Hospital

Maxivision offers eye care services to over five million patients in 42 centres across six states in southern and western India

Global accounting firms setting up investment in smaller Indian cities

For decades, large multinational corporations have rushed to India's biggest metropolises, chiefly Mumbai, Delhi and Bengaluru

IT giant Wipro plans to invest $1 billion in AI over next three years

The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing

Disney exploring strategic options for its India biz including JV, and sale

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report

Israel erupts as Parliament adopts Bill to put curbs on judicial powers

The new bill won a first of three required votes to be written into law late on Monday to the cries of 'for shame' by opposition lawmakers

'It's absurd': Zelenskyy attacks Nato compromise on Ukraine membership

Turkey Agrees to Support Sweden's NATO Bid

European Union lays out plan to prevent Big Tech dominance in metaverse

The EU initiative comes as Facebook owner Meta Platforms , Microsoft and Apple work on metaverse products or services

GST Council decides to levy uniform taxation for utility vehicles

India's Goods and Services Tax (GST) Council said that uniform taxation would be levied on multi-utility vehicles and sports utility vehicles, according to a statement

RBI eyes 1 mn digital currency transactions daily by year-end: DG

The RBI has devised the e-rupee as a digital alternative to physical cash - using blockchain distributed-ledger technology

Ministers concerned over including GST IT network in money laundering act

India's state ministers have raised concerns over the inclusion of goods and services tax's (GST) information technology network under the country's money laundering act

Indian drugs regulators took action against 105 pharma firms, says minister

Indian drugs regulators have taken action against 105 pharmaceutical companies after a risk-based inspection and audit of manufacturing plants, the health minister said on Tuesday

Scanty rains diminish sugar output, export prospects; farmers worried

By Rajendra Jadhav

Troubles mount for Anil Agarwal's Vedanta as Foxconn ditches $19.5 bn JV

London-headquarted Vedanta Resources controls the India unit, Vedanta Ltd. Agarwal took Vedanta Resources private in 2018. As of 2022, his net worth was $2 billion, ranking him 97th among India's rich

Foxconn to apply for India chipmaking incentives after $19.5 bn JV pullout

"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said

Women economists called traitors for meeting Treasury Secretary Yellen

China on Monday called on the US to take "practical action" in response to its "major concerns" about sanctions on Chinese firms, after Yellen wrapped up meetings with senior officials in Beijing