India on Sunday withdrew a warning not to share photocopies of the national biometric identity card after the announcement caused widespread panic on social media. The Aadhaar card, which has a unique number tied to an individual’s fingerprints, face and eye scan, aims to block theft and leakage in India’s welfare schemes. But critics fear […]
India
Alphabet Inc’s Google is in talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC, two sources familiar with the matter told Reuters. India soft-launched its Open Network for Digital Commerce (ONDC) late last month as the government tries to end the dominance of U.S. companies Amazon.com and […]
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as […]
The Indian telecom market is one of the most promising around the world. The number of mobile subscribers exceeds 1.1 billion according to the latest statistics provided by the Telecommunications regulatory authority of India (TRAI). A large number of mobile network operators (MNOs) and mobile virtual network operators (MVNOs) are competing in India. The Indian […]
War has always had a rippling effect on geopolitics and global economies, more so than ever in today’s interconnected and globalized world. India, which has maintained a friendly political relationship with Russia since 1970, finds itself at a crossroads in the wake of recent global events. As the Russian Ukrainian war rages on, previously well-aligned […]
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China. […]
An Indian court has put on hold a federal enforcement agency’s decision to seize $725 million from local bank accounts of China’s Xiaomi Corp for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited, saying it had […]
Indian vaccine maker Bharat Biotech said on Friday the Russia-Ukraine conflict had not impacted the company’s supply chains so far. Unlike several Western companies including McDonald’s, Microsoft, Coca-Cola and Starbucks that have stopped sales or operations in Russia, no Indian company has publicly withdrawn from the region. A few Indian pharmaceutical companies have a presence […]
In its latest move to expand its banned list of Chinese applications, India has placed tech companies in a much more difficult position for operational oversight in South Africa. India’s Ministry of Electronics and Information Technology added 54 Chinese tech companies to its list of banned companies under security pretenses, according to the Economic Times on Monday. […]
India’s Reliance Industries, Softbank Group-backed Ola Electric and automaker Mahindra & Mahindra have submitted bids under the country’s $2.4 billion battery scheme, the government said on Saturday. India last year finalised https://bit.ly/3fmg3p5 an incentive program to encourage companies to invest in the local manufacturing of batteries as it looks to establish a domestic supply chain […]