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The government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost foreign investments. The Department of Economic Affairs (DEA) in the Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules and notified the 'Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme'. Also, the Ministry of Corporate Affairs (MCA) has issued Companies (Listing of Equity Shares in Permissible…

So big is the role of softwarisation in the automotive industry that the OEMs’ spending in this area is expected to grow 9% year-on-year, according to Kishor Patil, founder, CEO & MD of KPIT Technologies.New Delhi: A few decades ago, if someone said cars could dance to the tune of a Bollywood song, it would have been dismissed as a joke about a toy car. But early this year, the world saw Tesla cars dancing and syncing their headlights to the tune of the famous Naatu…

Internet drug sales have skyrocketed in recent years, allowing powerful narcotics to reach American teenagers and adolescents via shady online marketplaces. It’s a trend that’s led to an epidemic of overdoses and left countlessyoung people dead. Now, a bill scheduled for a congressional vote seeks to tackle the problem, but it comes with a major catch. Critics worry that the legislative effort to crack down on the drug trade could convert large parts of the internet into a federal spying apparatus.Should Facial…

Congress released a highly anticipated report on Wednesday detailing how major tax prep companies and big tech firms like Google and Meta, parent of Facebook and Instagram, “recklessly” shared the sensitive tax data of tens of millions of Americans without proper safeguards. The senators cited evidence from their report in a fiery letter to the IRS, FTC, DOJ, and Treasury Inspector General, whom they urged to fully investigate the matter and to prosecute companies found to have violated tax laws.Is Google's New $1,800…

NEW DELHI : Rising…

New Delhi: After the Paytm's IPO fiasco, Sebi has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus (DRHP) with certain updates. Apart from OYO, the firms whose draft papers have been returned by the regulator are -- Go Digit General Insurance Ltd, a firm backed by Canada-based…

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Urban mobility firm Uber said on Friday that the timeline for converting its bike taxi fleet in Delhi-NCR to electric should be the same as that for the food and grocery delivery fleet.The US-based ride-hailing company said in a blog post that “steep and infeasible” EV mandates in the proposed aggregator policy risk killing the bike taxi sector. According to the state’s draft aggregator policy, 100% of the bike taxi fleet should be electric by the second year of the policy coming into effect and any new onboarding should…

Electric vehicles have slowly become popular in the Indian market and many people have already shifted to EVs. In two-wheeler segment, Ola, Ather, TVS, Hero are some of the mainstream manufacturers that offer electric scooters. One of the things that many electric vehicle owners are currently worried about is the life of the battery in their vehicle and how much would it cost them to replace it. Although the manufacturers are offering them a warranty, people are still quite curious to know the price. A Tweet has now…