Deloitte’s member firm in Australia had been tasked with reviewing the country’s welfare system, which had been facing flak for wrongly penalizing welfare recipients and jobseekers. The Deloitte team submitted a 237-page review last December. After the department of employment and workplace relations published the review on its website in July, University of Sydney academic…
While Abundantia Entertainment, known for films like Baby, Airlift and Toilet – Ek Prem Katha, launched a new division dedicated to developing and producing stories powered by artificial intelligence titled Abundantia aiON last month, Ekta Kapoor’s Balaji Telefilms has launched AstroVani, an astrology app and Kutingg, a family-friendly entertainment app offering fiction, non-fiction, short-form videos,…
New Delhi: India wants clean cars, but how much leeway they should get in upcoming emission norms is now the subject of a sharp split. While global clean-transport bodies—Geneva-based International Road Federation (IRF) and the US-based International Council on Clean Transportation (ICCT)—have warned that generous “super credits” weaken India’s emissions framework, the Indian auto industry…
Bajaj Finance, IIFL Finance, Shriram Finance and Ugro Capital are among lenders that have slowed the growth of collateral-free lending to micro, small and medium enterprises (MSME) in the September quarter. A clear shift is emerging: more secured loans, closer scrutiny of borrowers, and more cash to cover potential loan losses. Bajaj Finance has scaled…
In a fillip to American exports to India, public sector oil companies Indian Oil Corp. Ltd, or IOC, Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) have signed a one-year term deal to import 2.2 million tonnes of liquified petrolrum gas from the US Gulf Coast in 2026. This is the first…
The MSME and finance ministries are discussing amendments to the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, to enforce automatic interest accrual after payments remain overdue beyond the 45-day period, as verified through the UDYAM portal, unless the contract specifies a longer period, one of the two people said. “Another proposal is to…
Entertainment industry experts say that while the budgets for regional content are substantial, they are seen as investments to build the category as a whole and tap into the growing demand for regional content. However, viewership trends remain chequered, and the return on investment for these productions can be uncertain. Platforms need to carefully consider…
Meanwhile, singer-songwriter Anuv Jain — whose virtual lockdown concerts helped him form an emotional connect with listeners — now commands more than 3 million YouTube subscribers. As India’s audience emerged from being stuck in their rooms with devices, Nadesan lent her voice to Jigra’s (2024) track Tenu Sang Rakhna alongside Arijit Singh, a top mainstream…
Increasingly, though, the cars being subject to the microscope are Chinese, not European, Japanese or American. Once distant curiosities, models like the Xiaomi SU7, BYD Seal, Nio ET and Zeekr 7X dominate these teardown bays, as the industry rapidly shifts towards electric vehicles, in which the Chinese are world leaders. In a private conversation, the…
Avendus Capital is managing the primary equity raise for the deal, which has an equity value of around $125 million and an enterprise value of around $250 million. IFC plans to invest $50 million equity in the company, with the remaining $75 million to be invested by Siemens AG and Fullerton Fund Management. The deal…