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Honda and Nissan are in talks to set up a holding company, according to a person with knowledge of the matter, a move that would allow them to share more resources amid competition upending the global industry. The talks, first reported by the Nikkei newspaper, would allow the two automakers to cooperate more closely on technology at a time when the industry is being rewritten by the likes of Tesla and Chinese rivals. The talks are aimed at setting up an umbrella holding company that Nissan and Honda would then fall under, said the person, who declined to be identified because the information had not been made public.

Sebi) Tuesday barred foreign portfolio investors from issuing offshore derivative instruments (ODIs), locally referred to as participatory or P-notes, which have an India-listed security as an underlying asset. Additionally, the regulator prohibited overseas funds from hedging ODIs with derivative positions on Indian stock exchanges. Furthermore, Sebi asked foreign portfolio investors (FPI) issuing ODIs to obtain ownership information of all the investors holding such instruments.

The federal government says it plans to boost penalties for money laundering by 40 times as part of several measures it wants to roll out to crack down on the issue.

Small business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1

Subscribe to enjoy similar stories. The minority shareholders of the Kalyani Group company Automotive Axles Ltd (AAL) have rejected related party transactions with Meritor HVS India Ltd (MHVSIL), potentially disrupting its operations. This decision was influenced by concerns raised by proxy advisory firms about transparency and potential erosion of shareholder value.

Subscribe to enjoy similar stories. When he was in college in Sweden, Ali Ghodsi read an article about a chief executive who was hired to save a struggling tech company. It reminded him of the surgeries his parents, both doctors, performed while he was growing up.

Subscribe to enjoy similar stories. When I first saw the original blueprint of the Ayushman Bharat Digital Health Mission (ABDM), the feature that really jumped out at me was its anonymizer module. This was the first time that a digital building block designed to de-identify personal data was being built directly into the digital workflow and I was excited by the possibilities that this offered.

Annual Information Statement (AIS) and those revealed in Income Tax Returns (ITRs) for the fiscal years 2023–2024 and 2021–2022 the Central Board of Direct Taxes (CBDT) has started an electronic campaign. In a press release dated December 17, 2024, the Ministry of Finance said, «People who have taxable income or major high-value transactions recorded in their AIS but have not filed ITRs for the relevant years are likewise the target of this campaign. The e-Verification Scheme, 2021, is being implemented in part via this endeavour.»

income tax department on Tuesday said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement (AIS) and income disclosed in ITRs for the financial years 2023-24 and 2021-22. In a statement, the Central Board of Direct Taxes (CBDT) said it has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the AIS and those disclosed in Income Tax Returns (ITRs) for the financial years 2023-24 and 2021-22. This campaign also targets individuals who have taxable income or significant high-value transactions reported in their AIS but have not filed ITRs for the respective years. The initiative is part of the implementation of the e-Verification Scheme, 2021.

Dharmendra Pradhan announced on Tuesday. The Council, which currently prints 5 crore textbooks in a year, is working to augment the capacity to 15 crore from next year, he said. The minister also informed that the new textbooks as per updated curriculum for classes 9-12 will be available from 2026-27 academic session. «In the next academic year, NCERT will publish 15 crore quality and affordable books....currently it publishes nearly 5 crore textbooks. Earlier there have been concerns about demand and supply issue about the textbooks, however, that will be addressed now,» Pradhan told reporters.

A U.S. Senate committee says at least two internal Amazon studies have found a relationship between worker speed and injuries in the online retailer's warehouses

The Office of the Australian Information Commissioner had alleged that personal information of some users was being disclosed to Facebook's personality quiz app, This is Your Digital Life, as part of the broader scandal. The breaches were first reported by the Guardian in early 2018, and Facebook received fines from regulators in the United States and the UK in 2019.

Lok Sabha and assembly elections simultaneously is listed in the Lower House of the Parliament on Tuesday. It is likely to be referred to a joint committee of the two Houses. The Lok Sabha agenda said the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, popularly being referred to as the Bill on «one nation, one election», will be introduced by Union Law Minister Arjun Ram Meghwal. Post the introduction, Meghwal will request Lok Sabha Speaker Om Birla to refer the Bill to a Joint Committee of Parliament for wider consultations. The joint panel will be constituted on a pro-rata basis, based on the strength of MPs of various parties.

Securities and Exchange Board of India (Sebi) is likely to discuss a number of proposals including revamping rules for initial public offerings of small and medium enterprises, changes to the framework for custodians such as doubling their minimum net worth to ₹100 crore from the current requirement of ₹50 crore and expanding the ambit of unpublished price-sensitive information. The Sebi board is scheduled to meet on December 18. The board will consider whether to raise the minimum application size for the public offerings of small and medium(SMEs) to ₹2 lakh or even higher at ₹4 lakh from the existing ₹1 lakh. The proposed tightening of rules comes in the wake of instances of diversion of issue proceeds to shell companies controlled by promoters and inflation of revenue by circular transactions through related parties.

Ashwini Vaishnaw as Business Reformer of the Year for his significant contributions across different ministries over the last few years. A Wharton Business School alumnus and a former Indian Administrative Service officer, Vaishnaw helms the ministries of railways, electronics & information technology, and information & broadcasting. He has spearheaded policy to make the country a manufacturing hub and is overseeing a massive capital expenditure programme to modernise the Indian Railways. From locally made mobile phones and IT hardware to rolling stock for the railways, his mantra has been to create a conducive environment for both private and public investments and lift domestic production. Even as Made in India mobile phone shipments reached record highs in the last two years under his watch, production-linked incentive (PLI) schemes for IT hardware and telecom equipment have been rolled out. Electronics manufacturing giants such as Apple, Samsung, Dell, HP, Oracle, Jabil and Foxconn have set up new plants in India or expanded existing facilities. “Manufacturing in India has been completely transformed with the country now exporting goods that it imported,” Vaishnaw said last week. India is also set to become a semiconductor centre. Global companies such as Micron and joint ventures such as TataPSMC have already committed billions for manufacturing and assembling chips in India.

Finance Minister Chrystia Freeland has announced her resignation from the federal cabinet, placing the blame on Prime Minister Justin Trudeau for her decision.

Manipur Chief Minister N Biren Singh said that some agencies were sending manipulative information to New Delhi, the Centre had realised that, and it is collecting information from the grassroots. Seven people are detained in connection with the killing of two migrant labourers from Bihar. Seven cadres of the proscribed underground outfit, Kangleipak Communist Party (People’s War Group) (KCP-PWG) were arrested in connection with the killing of two migrant workers from Bihar. Biren, talking to media persons said, “Misinformation, manipulative information and politicised information were sent by some agencies there in New Delhi. Now the Centre has realised and collected information from the grassroots. Now they have found concert information and they are dealing with it.”

HDFC Bank on Monday said that it received an administrative warning from Sebi over non-compliance with certain provisions of the regulator. This is the second warning letter from Sebi the bank has received in nearly a week. Earlier, Sebi had sent out a warning letter to HDFC Bank over observations made during the course of its periodic inspection of investment banking activities undertaken by the Bank.

Subscribe to enjoy similar stories. Shoppers often hit Google to search things like “top vacuums" or “best dishwashers," expecting fair, independent assessments of top models. Instead, they might land on marketing pages disguised as expert rankings.

Subscribe to enjoy similar stories. The fatal shooting of Brian Thompson, who was chief executive of UnitedHealth Group Inc.’s insurance arm, has turned the spotlight on insurance companies rejecting policyholders’ claims for various reasons. In India, insurance laws offer policyholders a powerful tool they can invoke if insurance companies reject their claims arbitrarily.

Subscribe to enjoy similar stories. A few days ago, Signzy, a popular Know Your Customer (KYC) verification service used by India’s top banks and fintech firms, was affected by a cyber attack that may have exposed the sensitive personal information of millions. Our lack of safeguards for data that businesses collect and process is an urgent problem waiting to be addressed.