Industry — India

India’s new crypto stance is first move to make Bitcoin legal tender: Nigel Green India is to tax and regulate Bitcoin and crypto after previously considering a ban, which could be the next step towards making it legal tender in the country, affirms the CEO of a game-changing global financial giant. The bullish assessment from Nigel Green of deVere Group, one of the largest independent financial advisory, asset management and fintech organisations, comes as Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of digital assets, a first for the nation. He says: “India,...

Artificial evolution of an industry Credit: Photos courtesy of Fabindia Through more than 200 successful retail locations, Fabindia has demonstrated that traditional handwoven fabrics have modern applications.  Newswise — A research team from the University of Delaware and the Indian Institute of Management took a deeper look into the newly emerging domain of "forward-looking" business strategies and found that firms have far more ability to actively influence the future of their markets than once thought.Through a decade-long field study of Fabindia Overseas Pvt. Ltd. (Fabindia), India's largest retailer for handloom and handcrafted products, the authors mapped the evolutionary processes --...

Tata launches 'ecosystem' to kickstart Indian clean vehicles MUMBAI (Reuters) - India’s Tata Group is making its biggest push yet toward clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executives said on Tuesday. Ratan Tata, former chairman of Tata Sons, attends the launch of Tata Motors electric sport-utility vehicle (SUV) Nexon EV, in Mumbai, India, January 28, 2020. REUTERS/Hemanshi Kamani To try to curb pollution and reduce its fuel import bill, India is pushing automakers to produce electric vehicles, but has faced resistance from some that say...