Author: TI Editor
Indian tax authorities have defended the $1.4-billion tax demand on Skoda Auto Volkswagen India Pvt. Ltd, claiming that its peers, including Volvo, Mercedes, and BMW, have also paid a 30% duty on cars brought into the country after breaking them down into individual parts.Volvo paid ₹2,395 crore, Mercedes ₹2,213 crore, Maruti Suzuki ₹11,163 crore, BMW ₹532 crore, and Kia paid ₹263 crore in duties on completely knocked down (CKD) imports for their manufacturing processes, additional solicitor general N. Venkatraman, representing customs authorities, said in a response in the Bombay High Court.Skoda Auto had moved the court on 29 January after…
Tata Consultancy Services (TCS) announced a new collaboration with Salesforce on Thursday, February 20, to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence (AI).As part of this collaboration, TCS launched three initiatives. These include Semiconductor Sales Accelerator, which increases sales with data-driven insights; Seller for the Future, which provides near real-time insights, predictive analytics, and personalised recommendations; and Digital Field Service, which equips technicians on the field with real-time information, predictive maintenance insights, and optimised scheduling.”The collaboration will leverage the combined industry expertise, AI, and cloud capabilities of TCS and Salesforce to help manufacturers and…
Founder of Akre Capital Management Chuck Akre is famous for his contrarian approach to investing where he focuses on quality over quantity.His approach towards investing, which he calls the “Three-Legged Stool,” is based on three eternal tenets that he uses to strategically plan and invest and which have served him in the long run.Here are five most essential tenets drawn from Akre’s investment approach:Invest in high quality businessesAkre invests in high-quality businesses with extremely good business models and sustainable competitive edges. He seeks to invest in firms with high return on equity (ROE) and capital, which can perform well under…
Astronauts Sunita Williams and Butch Wilmore are expected to return to Earth sooner than expected after National Aeronautics and Space Administration (NASA) made a major announcement on Tuesday. The US space agency revealed that it has replaced the astronaut capsule for its Crew-10 mission with a previously flown SpaceX Crew Dragon.Accelerating the target launch and return dates, NASA in a post on X stated, “NASA and SpaceX are accelerating the target launch and return dates for the upcoming crew rotation missions to and from Space Station. Crew10 launch now is targeted for March 12.” Crew-10 mission’s four-member expedition crew is…
The Reserve Bank of India (RBI) released draft norms for prepayment penalties on loans on Friday, February 21, in which it proposed to scrap the foreclosure charges on floating rate loans for retail and MSME borrowers. The central bank said that once approved, this will apply to all floating-rate loans. Source link
I’m sure you’ve been looking at the announcements that India has made on its AI program. You were here sometime back and you made these comments—about how India was better off not trying to do its own frontier model—that became controversial. Has your view changed? And do you think the Indian AI plan is on the right track?That was in a different context. That was a different time when frontier models were super expensive to do. And you know, now, I think the world is a very different paradigm. I think you can do them at way lower costs and…
India is accelerating its efforts to build a homegrown artificial intelligence (AI) foundational model, akin to China’s DeepSeek, under the ambitious ₹10,370-crore IndiaAI Mission. The Centre is gearing up to push forward its AI roadmap. Here are five key things to know:1. IndiaAI Mission Gains Momentum with 67 BidsAccording to a report from theIndian Express, the Union Ministry of Electronics and IT has received 67 proposals from India-based entities and researchers, all aiming to develop a domestic AI foundational model.Among them, 20 proposals focus specifically on large language models, highlighting India’s growing commitment to AI innovation, added the report. A…
Kotak Mahindra Bank announced the appointments of Vyomesh Kapasi as the new Head of Products – Consumer Bank at Kotak Mahindra Bank and Shahrukh Todiwala as the new MD & CEO of Kotak Mahindra Prime Limited (KMPL).Announcing the changes, Ashok Vaswani, MD & CEO of Kotak Mahindra Bank Ltd, said, “These appointments underscore the deep bench strength at Kotak and our commitment to fostering leadership talent.” He added, “Vyomesh’s experience and a proven track record in driving growth and innovation will be invaluable as we continue to enhance our consumer products.”Also Read: Uday Kotak warns Indian banking’s Goldilocks period is…
(Bloomberg Opinion) — Before he became President Donald Trump’s Treasury secretary, Scott Bessent openly criticized his predecessor Janet Yellen for issuing more short-dated debt — a move he characterized as fiscally imprudent and at odds with the inflation-fighting goals of the Federal Reserve. Now that he’s in charge, Bessent has continued Yellen’s policies and said that any move to boost the share of longer-term Treasury securities is “a long way off.” He delivered his clearest explanation for the apparent double standard in an interview with Bloomberg Television on Thursday. As he put it, the Treasury still plans to increase the share of longer-dated…
TheGen Z have started to realise that they can generate income without working full-time through passive income. It seems like a scenario wherein you generate income while sleeping so that you can spend time on travelling or pursuing personal interests. By following a well-planned approach, these goals can be achievable.1. Dividend investingThe dividends business represents an established pathway which produces passive income. You will receive steady rewards when you buy mutual funds and stocks that provide dividend payments. Reliance, HDFC and Infosys are some of the businesses which offer appealing dividends to investors. A strategic investment portfolio enables your funds…