Amid escalating US tariffs on Indian goods, External Affairs Minister S Jaishankar has urged Russian companies to strengthen their engagement with India and explore new trade and investment opportunities. Speaking in Moscow, Mr Jaishankar highlighted India’s rapidly growing economy, ‘Make in India’ initiatives, and modernisation efforts as major drivers for collaboration. “India, with a GDP...
The Bombay High Court has set aside a magistrate’s order that issued notice to HDFC Bank Managing Director and CEO Sashidhar Jagdishan in a defamation complaint filed by the trustee of Lilavati Kirtilal Mehta Medical Trust. Justice S.M. Modak, in an oral order delivered on August 5, held that the magistrate erred by issuing the...
Prime Minister Narendra Modi on Sunday inaugurated two major national highway projects worth ₹11,000 crore at Rohini, Delhi, aimed at boosting connectivity and easing congestion in the National Capital Region (NCR). The projects include the Delhi section of the Dwarka Expressway and the Urban Extension Road-II (UER-II), designed to enhance mobility, cut travel time, and...
Prime Minister Narendra Modi, during his Independence Day address, announced a major revamp of the Goods and Services Tax (GST) system, promising to roll out next-generation GST reforms with significantly lower tax rates this Diwali. Calling it a “great festive gift” for the nation, Modi said the overhaul would simplify the tax structure and provide...
New Delhi: Sources indicated on Wednesday that Chinese Foreign Minister Wang Yi is expected to visit India this month. As per the sources, the Chinese Foreign Minister is anticipated to participate in SR (Special Representative)-level discussions. National Security Advisor (NSA) Ajit Doval will act as India’s special representative. In recent months, India and China have...
On Monday, Union Finance Minister Nirmala Sitharaman unveiled the updated New Income Tax Bill, 2025, which aims to replace the current Income Tax Act of 1961. This revised Bill was introduced after incorporating nearly all recommendations from the Select Committee. The Finance Minister presented the amended Bill following the suggestions made by the Select Committee,...
New Delhi: Indian auto component manufacturers have a considerable opportunity to enhance their exports, particularly within the independent aftermarket sector, as indicated by a report from EY-Parthenon. The report emphasized that the global auto component market presents robust growth opportunities for Indian suppliers, with nations such as Brazil, Indonesia, Colombia, and various regions in Africa...
India plays a “certainly crucial” role in the transnational IMEC project due to its status as a significant market and producer. The initiative focuses on the trade of goods, energy, and data connectivity, with New Delhi being a “protagonist in all three sectors,” according to a senior Italian diplomat. Described as a groundbreaking initiative, the...
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 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...