Amazon India has partnered with Startup India, under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), to help startups scale growth through e-commerce.

Through a dedicated page on the Startup India portal, the e-commerce firm and Startup India will work together to allow eligible startups to make use of e-commerce opportunities by registering on Amazon India's marketplace.

The startups will gain access to the domestic market, mentorship from Amazon leaders, go-to-market support and logistics guidance, according to a company statement.

Christian Medical College Vellore on Wednesday said it plans to set up a new medical college and a teaching hospital at Chittoor in Andhra Pradesh, for which the Azim Premji Foundation will support it with a ₹500 crore grant.

As part of the agreement, the Foundation will extend a ₹500 crore grant to CMC Vellore to set up the medical college and upgrade the existing 120-bed hospital into a teaching hospital with 422 beds, it said.

The grant will also enable CMC Vellore to extend the "distinctive elements" of its MBBS education and focus on the discipline of Primary-cum-Secondary Health Care (PSHC) to address the widening disparities in the Indian healthcare sector, it said in a release.

IT giant Infosys on Wednesday announced expansion of its partnership with Microsoft to help drive global customer adoption of generative AI and Microsoft's cloud platform Azure.

Additionally, Infosys will also act as a strategic supplier to support cloud and AI workloads for Microsoft’s enterprise customers.

RBI Governor Shaktikanta Das on Wednesday said the confidence in inflation cooling down in the near future, resulting in a better balance between growth and price rise, led the central bank to change the policy stance to neutral.

He, however, made it clear that there are "significant risks" to inflation like the ones arising out of geopolitical tensions, and it is "not appropriate" to talk about a rate cut for now.

The government on Wednesday decided to continue the supply of free fortified rice under the food law and other welfare schemes till 2028 with an outlay of ₹17,082 crore, a move aimed at reducing anaemia and micro-nutrient deficiency.

The decision was taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi.

Realty firm NeoLiv has bought 12-acre land at Alibaug near Mumbai to develop a luxury housing project with a sales potential of around ₹400 crore.

The company did not disclose the land deal value and name of the seller.

Realtors' apex body Credai on Wednesday said the RBI should have cut key interest rates to boost housing demand during the current festive season and demanded that the apex bank must consider lowering the repo rate in the next meeting.

Exports of India's pharmaceutical and meditech sectors are expected to sustain the growth momentum in the ongoing fiscal despite a slowdown in the global economy, a senior government official said on Wednesday.

With the government revving up support for drug development in India, as many as 16 blockbuster molecules targeted for a wide range of therapeutic areas, including cancer, diabetes, HIV and tuberculosis, are in the pipeline to be produced in India, Department of Pharmaceuticals, Secretary Arunish Chawla told reporters on the sidelines of CII Pharma and Life Sciences summit in New Delhi.

The government plans to come out with a new Production-Linked Incentive (PLI) scheme for the drones sector that will be more effective in terms of implementation, documentation and other aspects.

Civil Aviation Secretary Vumlunmang Vualnam on Wednesday said the government is looking at moving to the next PLI scheme for the drones sector.

The first PLI scheme for drones, introduced in 2021 with an outlay of ₹120 crore for three financial years starting from 2021-22, has ended.

Malaysia remains optimistic about palm oil exports to India despite recent import duty hike, with the Malaysian Palm Oil Council (MPOC) Chairman Dato Carl Bek Nielsen emphasizing the long-standing trade relationship between the two countries.

In an interview to PTI, Nielsen stressed that India, being the world's largest palm oil importer, continues to be an "incredibly important market" for Malaysian palm oil.

The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies.

The government on Tuesday included more dual use goods like certain software and technology items under the purview of global authorisation for intra-company transfer in 41 countries.

Dual use goods have both industrial and military uses and fall in the special chemicals, organisms, materials, equipment and technologies (SCOMET) category.

The countries for which the easing is done includes Russia, the UK and the US.