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Iran, one of India's key neighbours, will formally become a full member of the Shanghai Cooperation Organization (SCO) at the summit held under New Delhi's presidency on Tuesday in what would further boost connectivity initiatives via INSTC and Chabahar Port. Although Iran originally requested to join the alliance 15 years ago, membership was not approved until 2021 as SCO follows a rigorous process of admission. Iran plays a key role in INSTC and Chabahar Port as India's outreach to Russia and Central Asia.

Singapore'sOversea-Chinese Banking Corporation has set its sights on «longer term opportunities» in Greater China and Southeast Asia and expects the strategy to bring an additional revenue of $2.2 billion by 2025, CEO Helen Wong told CNBC on Monday.

Microsoft India with several key leaders being elevated. ET has learnt that chief operating officer Irina Ghose has been promoted as managing director of India. The current MD Sashi Sreedharan has been elevated to a bigger role.

ZestMoney has raised $5-7 million from a clutch of investors, including existing backer Quona Capital, according to two people aware of the matter. The funding comes in the wake of payments major PayU writing off its investment in the company. Last fiscal, PayU’s close to 15% stake in ZestMoney was valued at $38 million.

IDFC First Bank and IDFC Monday said that both their respective boards had approved a merger ratio of 155:100. The share exchange ratio is fixed at 155 shares of IDFC First Bank for every 100 shares held in IDFC.

(Reuters) — A blank-check firm, which was set to merge with former U.S. President Donald Trump's media company and under regulatory investigation, has reached an agreement with the staff of the Securities and Exchange Commission, a filing showed on Monday.

Advances in AI technology are contributing to an unprecedented rise in investment fraud.

National Pharmaceutical Pricing Authority (NPPA) has extended the capping of the trade margin of oxygen concentrators and five other medical devices which it had imposed in the year 2021. In a recent meeting held in the NPPA, the drug pricing regulator «deliberated upon the matter and directed that the MRPs of five medical devices namely pulse oximeter, blood pressure monitoring machine, nebulizer, digital thermometer, glucometer shall continue to be monitored as per para 20(1) of DPCO 2013,» said the minutes of the meeting.

Financial wellness doesn’t mean adding spa appointments to a company’s benefits plan or installing a hot tub in the breakroom.

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NEW DELHI : Micron Technology, Inc.’s India plant is set to begin construction within four to six weeks, as the Gujarat government has allocated land for the semiconductor factory, said communications and IT minister Ashwini Vaishnaw on Monday. The facility in Sanand, Gujarat, will be producing the first ‘Make in India’ chip, and production is expected to start by December 2024, he added. Micron, the American semiconductor packaging firm, will invest $825 million in India to set up the assembly and testing facility, it’s first factory here.

Tata Consultancy Services (TCS) will be announcing its first quarter results for the financial year FY24 on July 12, 2023. The second largest firm in terms of market share, will also declare interim dividend for the fiscal on the same day.

NEW DELHI : While market leaders Bharti Airtel Ltd and Reliance Jio Infocomm Ltd have secured 5G spectrum and launched services, Vodafone Idea Ltd (Vi) is yet to do so. However, the lack of 5G has not had any major impact on the enterprise business as most solutions work on 4G, said Arvind Nevatia, chief enterprise business officer at India’s No. 3 telco.

commercial services exports to 4.4% in 2022 from 2% in 2005, the World Bank and World Trade Organization (WTO) said Monday. In a report titled ‘Trade in services for development’, they said that in India, South Africa and Türkiye, jobs directly linked to cross-border services exports account for more than 10% of total services sector jobs.

rb.gy/6k3bi). This column is about its key takeaways, focusing on what the Indian state should do to fix the gaping holes in our statistical system. A majority of stakeholders feel that India’s statistical system is facing a crisis, and one that has been long in the making.

online gaming companies pending adjudication of a batch of cases filed by them as well as the All India Gaming Federation (AIGF) challenging the constitutional validity of Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022. AIGF's challenge of the TN Gaming Act was listed (alongside the challenges filed by Gameskraft, Junglee Games, Head Digital Works and Play Games 24x7) before the bench of the Chief Justice SV Gangapurwala and Justice P D Audikesavalu of the Madras High Court.

New Delhi: A successful trade relationship between India and the European Union holds the potential to significantly reshape the global economic order, but the two entities need to find common ground on various issues first, a report presented in the European Parliament said. These issues include investor protection, tariffs, alcohol markets and digital frameworks, said the report from the Jacques Delors Institute titled ‘India and the European Union in 2023: Building A Closer Economic Relationship’.

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skilling themselves for the jobs of tomorrow.Atul Kumar Tiwari, Secretary, Ministry of Skill Development and Entrepreneurship (MSDE), says the department is driving a systemic shift to help working-age professionals get ready for this change. The ministry was set up with a vision to ensure “coordination of all skill development efforts across the country, removal of disconnect between demand and supply of skilled manpower, building the vocational and technical training framework, skill up-gradation, building of new skills and innovative thinking not only for existing jobs but also jobs that are to be created.” That means it must improve linkages between education and skilling pathways, catalyse demand for formal skills and create a more inclusive ecosystem, as part of its strategic priorities. Tiwari says, “There is an increasing realisation that skilling is an important pathway for careers. Today, skilling must be both agile and responsible. The New Education Policy, with the twin drivers of National Curriculum Framework and the Credit Framework, on one hand, and the convening of vocational, experiential and academic education, on the other hand, are setting the stage for this change.”

DeeLance has recently achieved a remarkable milestone in its ongoing presale.