Business

India has taken a significant step towards advancing its transition to a circular economy in the electronics sector with the launch of a five-year initiative supported by the Global Environment Facility (GEF) and implemented by the United Nations Development Programme (UNDP) in partnership with the Ministry of Electronics and Information Technology (MeitY), Government of India.

SKC Co., a materials unit of South Korea's SK Group, will absorb and merge with SK enpulse Co., its semiconductor materials investment subsidiary as part of a reorganization move to focus on high-value-added semiconductor back-end packaging, according to a report by Pulse, the English service of Maeil Business Newspaper Korea.

India's housing market is witnessing renewed optimism ahead of the festive season, fuelled by recent Goods and Services Tax (GST) reductions on key construction materials. The rationalisation of GST rates on cement, marble, granite, and bricks is estimated to lower construction costs, giving a significant boost to developers, especially those focusing on mid-income and affordable housing projects.

India's rapidly expanding FinTech industry is facing growing cybersecurity risks even as it cements its position as a global leader in digital finance, noted a report by PwC India and the Unified Fintech Forum (UFF).

Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India's Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C.

The Food Safety and Standards Authority of India (FSSAI) has issued a directive to all States and Union Territories' Commissioners of Food Safety and all Central Licensing Authorities, instructing them to ensure that all food business operators (FBOs) remove the combination of the term "ORS" from their food products.