Bhubaneswar: At the groundbreaking ceremony of the Google Cloud India AI Hub in Visakhapatnam, Union Electronics and IT Minister Ashwini Vaishnaw highlighted India’s evolution from a global IT services powerhouse to a nation increasingly focused on electronics manufacturing. He noted that the foundation laid in cities like Bengaluru, Chennai, Hyderabad, the NCR region, and Mumbai…
Bhubaneswar: Union Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade and Investment Minister Todd McClay led an industry engagement session in Agra ahead of the signing of the India–New Zealand Free Trade Agreement (FTA). Officials highlighted that the agreement is being positioned as a comprehensive partnership extending beyond tariff reductions. It will cover…
Bhubaneswar: India and New Zealand are set to sign a bilateral trade agreement today, with nearly 70% of Indian goods expected to receive duty-free access to the New Zealand market. The agreement is poised to open significant export opportunities, particularly for MSME-driven sectors. Industries such as leather, handloom, and handicrafts—especially from Agra and across Uttar…
Bhubaneswar: Prime Minister Narendra Modi emphasised that India’s growing focus on artificial intelligence and semiconductor development will have benefits beyond national boundaries, contributing to global technological advancement. Highlighting India’s development trajectory, the Prime Minister noted that the Gujarat Model continues to be widely acknowledged for balancing welfare initiatives with large-scale infrastructure growth. He underscored that…
Bhubaneswar: The Department for Promotion of Industry and Internal Trade (DPIIT) has issued operational guidelines for the ₹10,000 crore Startup India Fund of Funds (FoF) 2.0, aimed at streamlining capital deployment and strengthening India’s startup ecosystem. The fund will be deployed through SEBI-registered Alternative Investment Funds (AIFs), ensuring a structured and market-driven approach to financing…
Bhubaneswar: Union Minister Piyush Goyal announced that India and New Zealand are set to sign a bilateral Free Trade Agreement (FTA), marking a major step in strengthening economic ties between the two nations. Goyal stated that after extensive discussions with New Zealand’s Trade Minister Todd McClay, the agreement was finalised under the leadership of Prime…
Bhubaneswar: Union Finance Minister Nirmala Sitharaman addressed the 38th Foundation Day of Securities and Exchange Board of India (SEBI) in Mumbai, emphasising the need to enhance citizens’ experience in accessing financial services. Highlighting regulatory priorities, she called for the creation of a seamless, secure, and portable Know Your Customer (KYC) framework across the financial sector….
Bhubaneswar: India’s insurance sector is undergoing rapid expansion, emerging as a key pillar of financial security and social protection. Policy reforms and regulatory changes are driving this growth, improving both accessibility and affordability of insurance products across diverse population segments. Recent measures such as allowing higher foreign direct investment (FDI), rationalising taxes including GST exemptions…
Bhubaneswar: Union Minister Dharmendra Pradhan and Odisha Chief Minister Mohan Charan Majhi attended the grand launch ceremony of a joint venture between JSW Steel and JFE Steel Corporation, marking a significant step in the state’s industrial growth. Speaking at the event, the Chief Minister said the initiative represents a new chapter in Odisha’s industrial journey….
Bhubaneswar: The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited, effectively ending its operations as a bank from the close of business on April 24, 2026. In an official order, the RBI stated that the licence was withdrawn under Section 22(4) of the Banking Regulation Act, 1949. The…