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Italian automaker Maserati is doubling down on its roots and letting the world know that its vehicles will continue to be 100% designed, developed, and manufactured in Italy. That said, some of those Maserati vehicles in the pipeline, particularly the 100% electric ones, continue to face development hurdles. Meanwhile, Stellantis CEO Carlos Tavares is in a battle with the Italian government over EV sales support. Maserati currently operates as the only luxury brand under the Stellantis umbrella and…

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…

Published By: Samreen PallLast Updated: January 22, 2024, 10:05 ISTElectric Two-Wheeler Industry Might Face Stagnation For 2 Years If Govt Withdraws Incentive - Image Used for Representational Purpose (Getty Images)The FAME-II scheme's termination may hinder progress, impacting EV adoption and environmental goals. The sector urges continued support for sustainability.Withdrawal of government’s incentive on sale of electric two-wheelers in April would prompt industry players to work hard and this could result into one or…

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The Indian government stepped up its crackdown on offshore crypto exchanges operating without local registrations, asking Apple Inc. to take the apps of platforms including Binance off its App Store in the country. Bitfinex, HTX and Kucoin are among eight exchanges whose apps are no longer available on the App Store in India. They were removed on directions from the Ministry of Electronics and Information Technology, according to people with knowledge of the matter who asked not to be identified because the request isn't…

Tata Electronics is reportedly to sign a Memorandum of Understanding (MoU) worth a whopping Rs 12,082 crore with Tamil Nadu Government for mobile phone assembly operations.The MoU was signed at Tamil Nadu Global Investors Meet 2024 in Chennai which was inaugurated by state's Chief Minister M. K. Stalin and Union Minister Piyush Goyal on Sunday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of…

Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, says the government has strengthened collaboration with traditional rulers in Bayelsa State in a bid to address persistent challenges in the country’s oil sector. Nneamaka Okafor, the special adviser on media and communication to the minister, disclosed this in a statement on Saturday. “The Minister for State Petroleum Resources (Oil), Senator Heineken Lokpobiri PhD, has embarked on a series of insightful and collaborative courtesy…

The country’s technology landscape is set for a regulatory rejig as the government moots a dedicated framework to govern artificial intelligence (AI) companies and large language models (LLMs). This and more in today’s ETtech Morning Dispatch.Also in the letter:■ Captain Fresh’s Rs 110 crore fundraise■ Adidas to set up GCC in India■ Indian GenAI startups attract $700 million in 3 yearsGovt may amend IT Act to add new rules for AI, GenAI models To rid AI systems of bias, the government is likely to amend the…

The government is likely to amend the Information Technology (IT) Rules of 2021 and introduce rules for regulating artificial intelligence (AI) companies and generative AI models, according to people with knowledge of the matter.The amendments are likely to mandate that platforms which use artificially intelligent algorithms or language models to train their machines are free from “bias” of any kind, they said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced…

The Nigerian government said Monday it will revoke more mining licences of defaulting firms. Segun Tomori, the special assistant on media to the Minister of Solid Minerals Development, Dele Alake, disclosed this in a statement on Monday. According to the statement, Mr Alake disclosed this in his New Year goodwill message to Nigerians. “It will be recalled that we had revoked 1,633 mining licenses of those that defaulted in the payment of annual service fees last year. More revocation is in the offing for other…