
G-secs: RBI unveils retail direct scheme
The Hindu
The RBI on Monday announced the unveiling of a scheme under which retail investors will be allowed to open retail direct gilt accounts (RDG) directly with the central bank.This account can be opened t
The RBI on Monday announced the unveiling of a scheme under which retail investors will be allowed to open retail direct gilt accounts (RDG) directly with the central bank. This account can be opened through a dedicated online portal, which will provide registered users access to primary issuance of government securities and to NDS-OM. “The date of commencement of the scheme will be announced at a later date,” the RBI said in a circular. The scheme is a one-stop solution to facilitate investment in government securities (G-secs) by individual investors, the regulator said. The facility was announced in the Statement of Developmental and Regulatory Policies dated February 5, RBI said.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










