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India Raises the Stakes on Rare Earths in Union Budget 2026 to Counter China Dominance

Synopsis: IT In her address, Sitharaman noted that while the government launched a scheme for rare earth permanent magnets in November 2025, the latest proposal seeks to expand support by enabling states to develop corridors that integrate exploration with downstream technologies.   New Delhi: In a bid to reduce India’s reliance on China and strengthen…

Datamatics receives tax order on transfer pricing for AY24; to appeal

Synopsis: IT Datamatics Global Services said the Income Tax Department has issued an order proposing additions linked to transfer pricing for AY 2023-24, but the company plans to appeal and expects no material impact on its financials or operations.   Mumbai: IT services firm Datamatics Global Services has received an order from the Income Tax…

IndusInd Bank appoints Arijit Basu as part-time chairman

Synopsis: IT IndusInd Bank said Sunil Mehta has ceased to be its part-time chairman and director after completing his tenure, with former SBI executive Arijit Basu taking over the role from January 31, 2026, subject to shareholder approval.   New Delhi: IndusInd Bank on Friday said Sunil Mehta has ceased to be the bank’s part-time…