Tag Archives: Business news

NEW DELHI: In an instance of a key global telecom equipment vendor localising its production in India, telecom equipment company TP-Link Systems has outsourced its production to local contract manufacturer Optiemus Electronics Ltd Headquartered in the US, TP-Link Systems is a global provider of reliable networking devices and smart home products.The two companies on Monday announced a partnership that will …

MUMBAI: US assets management giant Capital Group, one of the biggest foreign funds in India that globally manages over $2.6 trillion, has picked up a 5% stake in Sammaan Capital (formerly Indiabulls Housing Finance) in its latest qualified institutional placement (QIP) round that was worth Rs 1,300 crore. Other marquee investors in the Indian mortgage financing company’s QIP were BlackRock …

NEW DELHI: The finance ministry on Monday launched the search for a Sebi chairman, with Madhabi Puri Buch‘s term completing at Feb-end. The vacancy notice said that those with 25-years’ experience in law, finance, economics, accountancy and administration and are above 50 years are eligible to apply. “The chairman should be a person who does not, and will not have …

NEW DELHI: In an instance of a key Chinese electronics vendor localising its production in India, Chinese telecom equipment company TP-Link has outsourced its production to local contract manufacturer Optiemus Electronics Ltd.The two companies on Monday announced a partnership that will see the Noida-based Optiemus manufacture TP-Link’s networking devices and smart home products.Under the partnership, Optiemus will be manufacturing a …

As the newly appointed CEO designate of LTIMindtree, Venu Lambu is tasked with managing client expectations as AI-driven efficiency gains influence deal wins. In the recent earnings commentary, LTIMindtree management spoke about productivity benefits that were passed on to a large client. In this case, LTIMindtree passed on productivity gains to its top customer, Microsoft, by leveraging AI. In fact, …

Budget 2025 income tax expectations: The new income tax regime was introduced as an optional tax regime from FY 2020-21. Budget 2025 income tax expectations: Ever since Finance Minister Nirmala Sitharaman introduced the new income tax regime with reduced tax rates and almost no deductions and exemptions, salaried taxpayers have been wondering whether the old income tax regime will eventually …

CHENNAI: Sridhar Vembu has stepped down as the chief executive of Zoho Corp to focus more on the research and development of artificial intelligence products. Vembu would take up a new role as the chief scientist, he said in a X post on Monday. Zoho co-founder Shailesh Kumar Davey has been named as group CEO while Tony Thomas will lead …

Budget 2025 income tax expectations: AIS Form should comprehensively capture the entire break-up of salary income. (AI image) By Parizad SirwallaBudget 2025 income tax expectations: With the advent of digitization, the Income Tax Department has made significant progress in simplifying tax related processes. It is widely expected that the 2025 Union Budget can focus further in this area with a …

BrahMos CEO Jaiteerth R Joshi met with Subianto in PM Modi’s presence. BrahMos missile deal: The potential sale of BrahMos missiles, a joint India-Russia development, was the primary focus during the summit between PM Narendra Modi and Indonesia President Prabowo Subianto on Saturday. India is considering extending a Line of Credit to Jakarta for the missile purchase.According to an ET …

Apple has been actively expanding its Indian supplier network over the past two years. (AI image) Apple has initiated talks with Bharat Forge, a Kalyani Group company, to potentially include them as a vendor in India, according to informed sources. The collaboration would involve Bharat Forge manufacturing various components and mechanics for the American technology company.This development follows existing partnerships …