Washington: US President Donald Trump has suggested that China might encounter secondary sanctions or increased tariffs for purchasing Russian oil. On Wednesday (local time), the US President imposed an additional 25% tariff on India specifically related to its acquisition of Russian oil. At a press conference at the White House, the US President was questioned...
Reserve Bank of India (RBI) Governor Sanjay Malhotra has clarified that he never stated that Unified Payments Interface (UPI) cannot remain free forever. Speaking at the post-RBI policy conference, Malhotra said, “I want to clarify that I never said UPI can’t remain free forever. There are costs, and these costs have to be paid by...
Reserve Bank of India Governor Sanjay Malhotra stated on Wednesday that the increase in US tariffs is unlikely to significantly affect the Indian economy unless retaliatory tariffs are imposed. During a press conference following the monetary policy announcement, the RBI Governor remarked, “The ongoing uncertainty regarding US tariffs may not have a substantial impact on...
India’s stance on the South China Sea is “clear and consistent,” viewing it as a component of the global commons, as stated by the Ministry of External Affairs on Tuesday. During a special briefing regarding the current visit of Philippine President Ferdinand R Marcos Jr, MEA Secretary (East) P Kumaran expressed that India has a...
On Monday, India defended its energy trade with Russia following accusations from U.S. President Donald Trump, who claimed that New Delhi was benefiting from discounted Russian oil and threatened to impose higher tariffs. The Ministry of External Affairs issued a strong statement asserting that India’s imports are essential for providing affordable energy to its citizens,...
In a significant move to enhance tourism and strengthen people-to-people connections, the Philippines has announced that Indian tourists will be permitted to enter the country without a visa. In turn, India will offer free e-visa services to travelers from the Philippines. Additionally, both countries are set to initiate direct flights between Delhi and Manila later...
The United States has imposed sanctions on at least six Indian companies accused of trading in Iranian petroleum and petrochemicals, as part of a broader action targeting 20 entities across the globe. The sanctions were announced by the US Department of State on Wednesday, citing violations of American sanctions against Iran. Indian Companies Named in...
New Delhi: Bharat Sanchar Nigam Limited (BSNL) is set to generate robust operating cash flows on a quarterly basis as the state-owned telecom operator emphasizes operational performance over net profit margins, Union Minister of Communications Jyotiraditya Scindia announced on Monday. During the BSNL’s Strategic Review and Planning Meeting for 2025-26, Scindia stressed that investors and...
India’s recently signed Free Trade Agreement (FTA) with the United Kingdom is expected to result in a Rs 4,060 crore loss to customs revenue in its inaugural year, as per estimates from the Global Trade Research Initiative (GTRI). The fiscal repercussions are projected to increase each year, reaching Rs 6,345 crore, approximately £574 million, by...
Tata Consultancy Services (TCS), India’s largest IT services firm, has announced that it will reduce its global workforce by 2%—approximately 12,200 employees—in the financial year FY26 (April 2025 to March 2026). The layoffs, which will primarily affect middle and senior management roles, come as part of the company’s strategy to align with changing technology demands...