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  • Kounalakis, who is visiting India along with the Bay Area Business Council, said with a significant number of Indian technology professionals in the Bay Area, the potential for growth through investment and partnership in the tech sector between the two countries is enormous.

    Sebi has suggested mechanisms for charging fees from clients and proposed to raise the net worth requirement for IAs.

    One of the biggest drawbacks today is the lack of awareness. We often follow what is blindly told to us, either by our parents, friends or financial advisor....

    Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government's attempts to roll back supportive policies.

    Audi India declares to go diesel-free from April this year as it switches to BS6 norms. With this, there will no diesel options for models such as Q3 and Q5 SUVs and A3, A4 and A8 sedans. The focus for the carmaker will be electrification, including hybrids and full electrics, said Audi India head, Balbir Singh Dhillon.

    The exemption would be applicable where the Indian government has entered into agreements or treaties with overseas governments or there is an order.

    Amazon.com Inc chief Jeff Bezos had on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025. "We are investing to create a million new jobs here in India over the next five years," Bezos said.

    Its estimate for FY21 was also further downgraded to 5.8%-5.9% from 6.6% in the report, said Nagesh Kumar, head of the UN economic and social commission for Asia and the Pacific, while presenting the report in Delhi. Since the report was finalised in October it did not take into account the second quarter results and hence the outlook has been revised, Nagesh Kumar said.

    It provides exposure, capacity building and a trusting community of social-change leaders within the World Economic Forum. It now represents 384 late-stage social innovators operating in more than 190 countries worldwide.

    Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gold has increased socio-economic menace in the country in the form of smuggling of alarming proportions and the re-emergence of unorganized/illegal channels for procuring gold.

    The jobs – created both directly and indirectly – will be across industries, including information technology, skill development, content creation, retail, logistics, and manufacturing, and are in addition to the 700,000 jobs Amazon’s investments have enabled over the last six years in India.

    The report has also lowered GDP growth estimate for India while expressing hope that combination of fiscal stimulus and financial sector reforms will help boost consumption. However, the data related to India was revised to 5% for the current fiscal and 5.8-5.9% for the next financial year, Nagesh Kumar, Head, UN Economic and Social Commission for Asia and the Pacific, said.

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