Economy News ( English version)

Cryptocurrency firm HTX has been sanctioned by the UK government, who allege that the exchange was part of “infrastructure” used by Russia to circumvent sanctions and helped move $1.5 billion back to the Kremlin.

Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fears

The company reportedly granted Musk a massive restricted stock package earlier this year while also structuring voting rights,  and shareholder protections in ways that governance experts argue overwhelmingly favor Musk over outside investors.

Tata Sons' board held its first detailed review of new businesses—aviation, batteries, electronics, and e-commerce—over a six-and-a-half-hour meeting, pushed by Tata Trusts chairman Noel Tata, who has raised concerns over ballooning losses exceeding $11 billion in investments.

The floor price for the offer for sale (OFS), where existing shareholders or promoters divest stakes without issuing new shares, has been set at ₹412 per share.

Andhra Pradesh is launching an angel fund to support deep-tech startups. This initiative, in partnership with Sidbi and through the Ratan Tata Innovation Hub, will provide capital and resources. The fund targets emerging technologies like AI, electronics, and quantum technologies. This move aims to foster innovation and global scaling for startups in key sec […]

The scheme, launched last September, aims to make domestic shipyards more competitive by bridging the cost arbitrage with foreign rivals in vessel supply bids. Towards this, Indian bidders will get financial support of 15-25% per vessel.

On May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. The new regulations not only bring forth novel ideas but also refine existing processes. Lenders will now have precedence when it comes to cash distribution, streamlining the financial recovery.

India and Canada are working towards a free trade agreement. Talks are progressing with a target for conclusion by year-end. This pact aims to reduce trade barriers and boost investment. Both nations are keen to expand bilateral trade significantly. Discussions cover various sectors including technology and agriculture. A business delegation from Canada will […]

India's industrial tracking is getting a major upgrade. The new Index of Industrial Production will monitor 120 additional items, including advanced technology and healthcare products. Its base year is shifting to 2022-23, with a release planned for June 1. This revision expands coverage to new sectors like minor minerals and renewable energy.