#ChinaCoup trends on Twitter; Rumors say Xi Jinping is under house arrest, soldier is responsible

Speculation that Chinese President Xi Jinping will be placed under house arrest has shaken social media. Rumors are circulating on social media that Xi has been removed from the presidency of the Chinese People’s Liberation Army (PLA) and that Beijing, the capital of China, is now under military control. This comes a day after a […]

Biosimilars sector to grow by over 30% by 2047, CII tells how

A predefined moonshot sector for the Indian Biopharma industry is expected to grow 30 percent and above by 2047, but it needs government reforms to sprout, according to a report from the Confederation of Indian Industry (CII) published Friday. The report highlighted the need to establish a fast cell in India to streamline processes and […]

Indian envoy says India-UAE bilateral trade will hit $100 billion target long before deadline

Since the agreement was signed in February, trade between the two countries has already exceeded $72 billion and is expected to reach $90 billion soon. India’s ambassador to the Gulf country said that bilateral trade between India and the United Arab Emirates will reach the $100 billion target sooner than expected. “Trade has already exceeded […]

CBI arrests ABG Shipyard founder-chairman Rishi Agarwal in Rs 22,842 crore bank fraud case

According to PTI, the Central Bureau of Investigation (CBI) arrested the founding chairman of ABG Shipyard Limited, Rishi Kamlesh Agarwal, on Wednesday, for an alleged bank fraud of Rs 22,842 crore. The central investigative agency filed lawsuits against him and several others in February this year, and searched 13 locations just days after the lawsuit […]

Prannoy Roy of NDTV, Radhika Roy, moves the High Court against Rs 5 crore fine in loan settlement case

NDTV supporters Prannoy Roy and Radhika Roy have asked the Supreme Court (SC) to pay Rs 5 crore as penalty in the loan settlement lawsuit against the Securities Appeals Court (SAT) decision, the television reported on Tuesday. SEBI had fined Roys £25 in 2020. However, the SAT reduced the fine to Rs 5 billion in […]

India and Saudi Arabia discuss Rupee-Riyal trade and UPI payment system

India and Saudi Arabia discussed the feasibility of institutionalizing trade in rupees and riyals and the introduction of the UPI (Unified Payment Interface) and RuPay card there. Other issues were also discussed during the visit of Trade and Industry Minister Piyush Goyal to Riyadh on September 18-19, the Ministry of Commerce announced on Monday. He […]

BCCI has released Team India’s new jersey ahead of the T20 World Cup. see picture

BCCI (Cricket Control Board of India) on Sunday released a brand new jersey for Indian cricket team T20. “For every cricket fan out there, this is for you. We present the brand new T20 Jersey – One Blue Jersey from MPL,” BCCI said in a tweet. MPL is an official kit partner for Team India. […]

Banks should ensure that their staff speak the local language in their branches: FM Sitharaman

Union Finance Minister Nirmala Sitharaman urged all banks to ensure that a branch-level staff member speaks the local language of the region to ensure business needs are met. While addressing bankers’ lobby groups at the Banks Association of India’s annual general meeting on Friday, FM Sitharaman asked why a banker couldn’t learn a new language. […]

Girl power on company boards: A two-way street between India Inc and women, says FM

Women must overcome their hesitancy to join company boards to unleash their power, while corporate India must realize the monetary benefits inherent in getting more women into leadership roles. Union Finance Minister Nirmala Sitharaman said on Friday that while addressing the issue of under-representation of women on the boards of Indian companies, it is a […]

How are funds collected? Founder of a successful semiconductor design startup shares tips

Founded in 2007, Saankhya Labs is one of the few Indian fairy tale companies that have managed to get through tough times. Saankhya, which holds 73 international patents, develops chips, builds software-defined radio (SDRs) chipsets, and was the only non-telecom service provider to be allocated 5G spectrum for trials. And recently, a majority stake (64.40%) […]