India considers creating specific NIC code for fintech companies, ETCFO

Centre mulls new classification code to better trace growing fintech industry: Report The Indian government is exploring the creation of a separate National Industrial Classification (NIC) code for fintech companies to build a central database, according to reports. India currently lacks a single system to track fintech entities. Presently, the Reserve Bank of India (RBI) only […]

Impact of China’s Export Curbs on Indian Manufacturers, ETCFO

The lighter rare earths are currently being used by Indian manufacturers as a stopgap measure to tide over prevailing curbs on exports of heavy rare earth magnets by Beijing. China’s new export curbs, extending now also to components containing rare earth magnets, is likely to worsen the operational crisis at Indian companies across automotive, consumer electronics, […]

Trump announces Modi’s pledge to stop buying Russian oil, ETCFO

By Nandita Bose and Jarrett Renshaw WASHINGTON, – U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues. India and China […]

Trump authorizes CIA operations in Venezuela, ETCFO

Washington, US President Donald Trump has said he has authorised the US Central Intelligence Agency (CIA) to conduct covert operations in Venezuela, a move that was decried by Venezuelan President Nicolas Maduro. Speaking to reporters at the White House on Wednesday (local time), Trump accused Caracas of releasing prisoners and mental patients to illegally cross into […]

China files complaint against India in WTO over EV, battery subsidies, ETCFO

Beijing/New Delhi, China has filed a complaint against India in the World Trade Organization (WTO) over New Delhi’s subsidies for electric vehicles (EVs) and batteries. The Chinese Commerce Ministry has alleged that the measures by India violate several WTO obligations, including the principle of national treatment, and constitute import substitution subsidies, which are explicitly prohibited under […]

India reverses tax exemption on missile parts amid Adani probe, ETCFO

India has reversed a contentious policy of tax-free imports of missile parts that sits at the heart of an investigation faced by billionaire Gautam Adani‘s group, according to a notification that is being reported for the first time. In September, the government said it would free up all such parts, whether for long- or short-range missiles, […]

India-South Korea Tech Partnership Strengthens in Chips and Green Energy, ETCFO

India, South Korea ties get stronger with tech-driven partnership in chips, green energy, New Delhi, In recent years, India-South Korea relations have evolved into a strategically significant partnership with technology-driven collaboration in semiconductors and sustainable energy. The focus on semiconductors and energy represents a leap from traditional trade ties to deep technological collaboration, essential for securing […]

Indian Railways undergo massive modernisation with 35,000 km of new tracks: Ashwini Vaishnaw, ETCFO

Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India’s remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. New Delhi, Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India’s remarkable progress in railway modernisation under the leadership of Prime Minister […]