In a significant relief to manufacturers of products like toys, personal protective equipment, air conditioners and footwear, the government on Thursday allowed an alternative way to ensure quality standards without the rigours of following the quality control orders (QCOs) applicable to those sectors, in a notification issued late on Thursday.

The Reserve Bank of India's (RBI's) final guidelines on upper-layer NBFCs issued late Wednesday have rekindled hopes that Tata Sons could get a reprieve from its listing obligations after the central bank dropped a provision defining the "indirect receipt of public funds". The clause, included in the April draft, had been viewed as a key hurdle for business houses seeking to deregister as core investment companies (CICs).

Amazon’s chief executive officer Andy Jassy, who is currently on a visit to India, has announced an additional $13 billion investment in the country, taking the total investment in the country to $48 billion by 2030. The announcement came after Jassy met Prime Minister Narendra Modi in the national capital on Thursday.

India is set to approve a roughly $370 million investment from Horse Powertrain Ltd., a hybrid-engine venture backed by China’s Zhejiang Geely Holding Group Co., that would mark one of the biggest manufacturing investments from a Chinese-linked company in years.

The deal would enable Horse Powertrain, whose other major shareholder is Renault SA, to invest in the French carmaker’s manufacturing operations in India, according to people familiar with the matter.

Bharti Airtel has raised its stake in Airtel Africa by 16.31 per cent to about 79 per cent through a share-swap agreement, which is estimated to be around ₹28,200 crore, according to a company filing on Tuesday.

Before the transaction, Bharti Airtel held 62.73 per cent in Airtel Africa.

With US Trade Representative Jamieson Greer visiting India, the Congress on Tuesday said Prime Minister Narendra Modi must stop appeasing his "good friend" President Donald Trump and there is absolutely no need for India to be "bamboozled" into signing any trade pact which at present is heavily against its interests.

Union Minister of State for Minority Affairs George Kurian has resigned from the council of ministers after his Rajya Sabha term came to an end.

The BJP had decided not to renominate him in the recent Rajya Sabha polls.

President Droupadi Murmu has accepted his resignation, the Rashtrapati Bhavan said on Tuesday.

Large-sized initial public offers (IPOs) of well-known companies do not always deliver quick gains to investors, as many marquee listings have not generated immediate returns, data shows.

For an IPO to be successful in terms of subscription and listing gains, analysts suggest, the issue has to be attractively priced for investors to participate and make money.

The temporary curbs on Telegram’s messaging services were lifted on Tuesday after a nationwide block was imposed until June 22 in connection with the Neet-UG re-examination.

The Telegram app is now available for installation through app stores. However, the editing feature on the platform will remain unavailable until June 30.

India said it plans to share its technology involving the Polar Satellite Launch Vehicle, the country’s most reliable rocket, to help speed up development of the local space industry.

“We have released an expression of interest to transfer the technology of the PSLV rocket to the private sector,” Pawan Goenka, chairman of Indian National Space promotion and Authorization Centre, said in a recent interview.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.