Gross FDI increases 14% to $81 billion in FY25

NEW DELHI: Gross foreign direct investment (FDI) into India rose 13.6% to $81 billion during the last financial year, the fastest pace of expansion since 2019-20.The increase in the year was despite a contraction seen during the fourth quarter of 2024-25 when inflows on a gross basis declined 6% to $17.9 billion, probably due to…

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Accenture to promote 43,000 employees in India in FY25

BENGALURU: Accenture will promote 43,000 employees in India in the 2025 financial year, marking one of the substantial increases in recent times. The company said it would promote 50,000 people globally in June, including around 15,000 people in India, according to an internal note sent by Ajay Vij, senior country managing director, Accenture in India.Accenture…

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Lupin introduces Honeywell Solstice Air inhalers for sustainable respiratory care

Representative image (Picture credit: X/@LupinGlobal) BENGALURU: Lupin is using Honeywell’s Solstice Air in its respiratory inhalers at scale, redefining respiratory care with near-zero global warming potential propellants. Designed for patients with asthma and chronic obstructive pulmonary disease (COPD), Honeywell Solstice Air has the potential to prevent the release of high global warming potential (GWP) molecules,…

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When will Trump’s $5 million gold card visa be launched? US Commerce Secretary Lutnick provides big update

International investors with at least $5 million in capital will have access to a new “gold card” visa programme in about a week, granting permanent residency and work authorization in the United States, US Commerce Secretary Howard Lutnick announced on Wednesday.Speaking at Axios’ Building the Future event in Washington, DC, Lutnick revealed that the initiative,…

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Sebi probing IndusInd Bank’s senior management for ‘egregious violations’

The Securities and Exchange Board of India (Sebi) announced on Thursday that it is investigating potential violations by IndusInd Bank’s senior management, alleging accounting frauds estimated at Rs 3,400 crore.While the Reserve Bank of India (RBI) will handle the primary investigation, Sebi is specifically examining the alleged securities market violations by bank officials.“The RBI is…

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CCPA probes Ola, Rapido over ‘advance tip’ feature after notice to Uber

The consumer protection regulator CCPA has launched an investigation into ride-sharing services Ola Cabs and Rapido regarding potential unfair trade practices involving ‘advance tipping’. This follows CCPA’s notice to Uber on Wednesday regarding allegations of pressuring customers to provide tips before service completion.Union consumer affairs minister Pralhad Joshi announced on X on Thursday: “CCPA is…

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