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Tesla Eyes US and Indian Chip Suppliers for Supply Chain Diversification

Tesla Eyes US and Indian Chip Suppliers for Supply Chain Diversification

22 April 2025

In a move to strengthen and diversify its global semiconductor supply chain, Tesla is currently in discussions with leading memory chipmakers, including US-based Micron and Mumbai-headquartered CG Semi, a Murugappa Group company. These talks align with Tesla’s broader strategy of mitigating supply chain risks amidst shifting geopolitical dynamics. Tesla Engages with Micron, CG Semi, and …

Will EPS Pension Rise to ₹7,500? Unions Push, Panel Urges Action

Will EPS Pension Rise to ₹7,500? Unions Push, Panel Urges Action

22 April 2025

The Employees’ Pension Scheme (EPS), also referred to as EPS-95, was launched in 1995 with the aim of providing a steady post-retirement income to employees in the organised sector. Administered by the Employees’ Provident Fund Organisation (EPFO), the scheme offers pension benefits to employees who contribute to it for a minimum of 10 years. In …

New $200 Million Mirae Asset Fund Offers Global Exposure to AI and Semiconductor Themes

New $200 Million Mirae Asset Fund Offers Global Exposure to AI and Semiconductor Themes

22 April 2025

Mirae Asset Investment Managers (India) Pvt. Ltd., through its International Financial Services Centre (IFSC) branch at GIFT City, has introduced a new global investment avenue—the Mirae Asset Global Allocation Fund IFSC. This newly launched Category III Alternative Investment Fund (AIF) aims to tap into international growth sectors, particularly artificial intelligence (AI) and semiconductors, through a …

ICAI Proposes Ind AS 118: Why This New Accounting Standard Is Crucial

ICAI Proposes Ind AS 118: Why This New Accounting Standard Is Crucial

22 April 2025

In a significant move aimed at strengthening the financial reporting framework in India, the Institute of Chartered Accountants of India (ICAI) has proposed a new accounting standard, Ind AS 118. According to ICAI President Charanjot Singh Nanda, this standard is expected to improve the quality and clarity of financial disclosures without altering how companies measure …

IRDAI’s Push for Health Insurance Reform: Shared Hospital Network and Faster Cashless Claims

IRDAI’s Push for Health Insurance Reform: Shared Hospital Network and Faster Cashless Claims

22 April 2025

In a strategic move to widen the reach and impact of health insurance in India, the Insurance Regulatory and Development Authority of India (IRDAI) has launched a shared hospital network and an expedited cashless claims mechanism. This initiative aims to improve affordability and transparency while reducing financial burdens on policyholders. Uniform Treatment Rates Based on …

CCI Approves ₹20.24 Crore Settlement with Google in Android TV Antitrust Case

CCI Approves ₹20.24 Crore Settlement with Google in Android TV Antitrust Case

22 April 2025

The Competition Commission of India (CCI), in a majority decision, has accepted the settlement proposal submitted by Google in connection with its conduct in the Android TV operating system market. This settlement was processed under Section 48A(3) of the Competition Act, 2002, and the recently notified Competition Commission of India (Settlement) Regulations, 2024. The case …

Adani Plans ₹10,000 Cr Township Near Navi Mumbai Airport

Adani Plans ₹10,000 Cr Township Near Navi Mumbai Airport

22 April 2025

Adani Realty is set to embark on one of its most ambitious real estate projects to date—a sprawling township in Navi Mumbai. Spanning over 1,000 acres, this project is expected to be the largest in the company’s portfolio, surpassing its previous ventures like the 600-acre Shantigram in Ahmedabad. This mega township project, currently being referred …

SEBI Unveils Proposals to Streamline Dispute Resolution Mechanism

SEBI Unveils Proposals to Streamline Dispute Resolution Mechanism

22 April 2025

The Securities and Exchange Board of India (SEBI) has issued a consultation paper on 21 April, proposing significant changes to the handling of disputes and complaints among market participants. The regulator seeks to streamline processes through greater use of the Online Dispute Resolution (ODR) mechanism, among other regulatory updates. Public feedback on these proposals is …

India Mulls 10% Cap on Chinese Equity in Electronics JVs

India Mulls 10% Cap on Chinese Equity in Electronics JVs

22 April 2025

The Indian government is planning to restrict Chinese ownership in electronics joint ventures to a maximum of 10%, as per news reports. This move is part of a broader strategy to reduce supply chain dependency on China and strengthen India’s domestic electronics manufacturing ecosystem through technology transfers and local expertise development. Building a Self-Reliant Electronics …

India Smartphone Shipments Decline 8% YoY in January-March 2025

India Smartphone Shipments Decline 8% YoY in January-March 2025

22 April 2025

India’s smartphone shipments fell by 8% year-on-year in the January-March quarter of 2025 to 32.4 million units, mainly due to persistent weakness in consumer demand and an elevated channel inventory from late 2024, according to the latest research data released by Canalys on Monday.   The market tracker stated, “This inventory overhang disrupted product launch …

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