Indian Industrial Firms

Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.

A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.

Defence Minister Rajnath Singh has asked industry leaders in private defence manufacturing and related services to give ideas for ensuring strong growth of the sector.

State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country.

In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...

Tech industry players looking to explore blockchain and AI integration with Web3 will get to heave a sigh of relief once the much-awaited crypto rules being framed by India as the G20 president would finally be announced. This is a notion that experts from the Web3 field shared with Gadgets 360 in the backdrop of the recently held G20 Summit in Del...

The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. The move to tax online gaming companies has shocked the nascent $1.5 billion (nearly Rs. 12,430 crore) industry, which is backed by global investors.

Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.

India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.

Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.

A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitise operations, according to Google Cloud. Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant.

The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays i...

Indian American and former Deloitte Global CEO Punit Renjen has been appointed a member of the prestigious SAP Supervisory Board and named its deputy chairperson.

Around 163 Indian companies present in the US have collectively generated over USD 40 billion of tangible investments in the country, according to a survey report released by the Confederation of Indian Industry (CII).

For the first first more than half of Indians, 759 million citizens, are active internet users and access the internet at least once a month, a joint report by industry body IAMAI and market data analytics firm Kantar said on Wednesday.

Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.

A consortium of Indian video games and esports companies have written to the newly formed government, requesting a comprehensive industry-focussed policy, regulatory streamlining and a clear distinction from real money games that are often conflated with video games under the “Online Games” umbrella term.

Defence Minister Rajnath Singh has asked industry leaders in private defence manufacturing and related services to give ideas for ensuring strong growth of the sector.

State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country.

In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...

Tech industry players looking to explore blockchain and AI integration with Web3 will get to heave a sigh of relief once the much-awaited crypto rules being framed by India as the G20 president would finally be announced. This is a notion that experts from the Web3 field shared with Gadgets 360 in the backdrop of the recently held G20 Summit in Del...

The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. The move to tax online gaming companies has shocked the nascent $1.5 billion (nearly Rs. 12,430 crore) industry, which is backed by global investors.

Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.

India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.

Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.

A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitise operations, according to Google Cloud. Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant.

The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays i...

Indian American and former Deloitte Global CEO Punit Renjen has been appointed a member of the prestigious SAP Supervisory Board and named its deputy chairperson.

Around 163 Indian companies present in the US have collectively generated over USD 40 billion of tangible investments in the country, according to a survey report released by the Confederation of Indian Industry (CII).

For the first first more than half of Indians, 759 million citizens, are active internet users and access the internet at least once a month, a joint report by industry body IAMAI and market data analytics firm Kantar said on Wednesday.