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Chevron to set up world's second largest engineering center in India

The Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru is not a back office but a center that will do works ranging from understanding geology for oil and gas production and carbon storage to developing digital twins for oil refineries and advanced process monitoring to improve supply reliability, said its India head Akshay Sahni.

462 companies investigated for corporate fraud in last 5 years: Govt data

The data of companies investigated by the Regional Directors and cases probed by Serious Fraud Investigation Office (SFIO) were shared by the ministry with Lok Sabha as part of a written reply on Feb 10.

JIS Group of institutions to expand academic infrastructure in West Bengal

The group plans to establish its second university in Hooghly district, backed by a “conducive business environment” in the state and growing demand for quality education, Managing Director Sardar Taranjit Singh said.

income tax bill

Cabinet clears new income tax bill, likely to be tabled in Parliament next week

The new bill which includes the recent changes in income tax rates, slabs, and TDS is aimed at simplifying the language and implementation of the income tax legislation for taxpayers.

Sukesh Chandrashekar

‘Sam, please take my money’: Jailed Sukesh Chandrashekar offers $3 bn investment to OpenAI's Altman

The conman, currently in judicial custody for alleged multi-crore fraud cases being probed by the Enforcement Directorate, in a letter to Altman offered an investment of $1bn in OpenAI, and further extend it to another $2 bn over the next five years for operations in India.

RBI

RBI cuts interest rates for first time in 5 years to boost economic growth

The Monetary Policy Committee has unanimously decided to cut the key rate by 25 bps from 6.5% to 6.25%, said RBI Governor Sanjay Malhotra adding, “The Indian economy is not immune to global headwinds, but it remains strong and resilient.”

Rupee’s fall due to strong dollar, India should watch rupee-yuan rate: NITI Aayog member

The rupee has been falling in recent weeks, and on Feb 3 touched an all-time intraday low of 87.29 against the American currency.

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