The new forecast, a dramatic revision down from earlier estimates, gives the latest accounting of the ongoing memory crunch that's affecting every corner of the electronics industry

mobile phones, mobile, smartphones

Bloomberg

Former German chancellor Angela Merkel on Thursday made a strong case for multilateral cooperation and said in these times of protectionism, giving up on multilaterism was not an option.
Delivering the inaugural Dr Manmohan Singh lecture, she referred to the US-led protectionist trade policies and said the world order had been shaken.
She also called for regulation on artificial intelligence and new technology including social media, saying all have to come together in doing so as no one country can solve the problem.
Referring to multiple challenges the world is facing, including Russia's aggression against Ukraine, wars and tariffs, Merkel said the right of territorial integrity of states was being treated with contempt and democracies were under pressure.
She said what we are losing sight is that life on earth is in peril and we have no choice but to cooperate on a multilateral view.
The first of the lecture series was organised by the Manmohan Singh Trust, run to carry on the 

German Chancellor Angela Merkel brief the media about measures to avoid further spread of the coronavirus and the COVID -19 disease after a government meeting at the chancellery in Berlin, Germany. Photo PTI

Angela Merkel

Delivering the inaugural Dr Manmohan Singh lecture, she referred to the US-led protectionist trade policies and said the world order had been shaken.

Press Trust of India

Existing scheme with incentives only for output ends on March 31

Electronics Manufacturing, PLI scheme

Business Standard

Couture houses like Sabyasachi and Manish Malhotra are expanding into high jewellery, tapping self-purchasing women and investment-led demand while extending their design language beyond apparel

Papa Don’t Preach recently launched its high jewellery  line, ‘The Observatory’,  which has been designed as  heirloom-worthy creations

Papa Don't Preach recently launched its high jewellery  line, ‘The Observatory',  which has been designed as  heirloom-worthy creations

Economist Montek Singh Ahluwalia has opined that state governments can tax large agriculture farms that are diversifying and getting high income levels, to strengthen finances.
Speaking at a conference on the 16th Finance Commission report on Wednesday, the former Deputy Chairman of the Planning Commission said the revenue generated from taxing diversified agriculture can be retained entirely by the states and need not be shared with the Centre.
"Now, the fact of the matter is that all of agriculture cannot be taxed by the Centre and can only be taxed by the states. Is it the assumption that agriculture must forever remain exempt from income tax, irrespective of the size of the holding? It's very difficult to defend that," he said.
He added, "If you have holdings of modest size that are diversifying, they can certainly be generating reasonably high income levels and come under the income tax category. That tax would go 100 per cent to the states. It wouldn't be taken away by the ...

Montek Singh Ahluwalia, Montek Singh

Ahluwalia further said that nothing in the Constitution prevents a state government from devolving resources downward if it chooses, though pressure is often directed at the central government

Shell expects demand to continue accelerating, with India's energy consumption projected to surpass that of the US in the 2040s and China in the 2060s

Liquefied Natural Gas, LNG, OIL SECTOR

RBI has permitted NUCFDC to offer equity shares on a private placement basis to more than 200 persons annually, subject to policy, reporting and usage conditions

RBI, Reserve Bank of India

After six major carmakers comfortably met CAFE-2 emission targets for FY24 and FY25, BEE is considering tougher, annually tightening CAFE-3 norms, though the industry favours a single target

carmakers, auto industry

Hybrids emerge as the preferred bridge technology as most buyers stay price-conscious, favour lower EMIs and take a cautious view on full electrification

cars, auto industry

Tarun Mehta, CEO of Ather Energy, said that India has no competition in the mid-tier EV two-wheeler segment and PLI schemes can help the industry expand its global footprint

Tarun Mehta

At February 10 meeting, BEE proposed separate yearly CAFE-3 emission targets

One target or five: Siam opposes Bureau of Energy Efficiency's CAFE 3 reset

CAFE 3

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

Experian data shows secured loans growing 42% in Q3FY26, led by strong demand for gold loans, even as unsecured lending rebounded and home loans maintained steady momentum

Gold loan, gold, IIFL, gold jewellery

Around 5,000 Yes Bank forex card customers were hit by fraudulent transactions totalling $280,000, with the bank blocking several attempts and initiating chargebacks to prevent financial loss

YES BANK

A committee formed by the director of the development and panchayats department of Haryana has recommended a police investigation after uncovering alleged forgery and procedural lapses involving officials from both IDFC First Bank and AU Small Finance Bank.
This committee was formed on February 11 to inquire into the matter related to IDFC Bank First accounts regarding "mismatch/issues".
The findings of this committee have been included in the FIR registered by the State Vigilance Anti-Corruption Bureau, following directives from the state government.
On Sunday, the IDFC First Bank disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government.
The Anti-Corruption Bureau is currently conducting a probe into this matter.
An FIR in the matter has been lodged under Section 13 (2) of the Prevention of Corruption Act, and Sections 316(5) (criminal breach of trust) 318(4) (cheating), 336(3) (forgery), 338 (forgery of valuable security), .

IDFC FIRST Bank

On Sunday, the IDFC First Bank disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government

Credit card spending eased to Rs 2 trillion in January after festive highs, though outstanding cards rose to 116.65 million as issuers recalibrated amid tighter norms and shifting customer profiles

Credit Card

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