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Business
High Court Orders FDA to Compensate Sweets Seller for Unlifted Suspension Despite Compliance
MUMBAI: The Bombay High Court has ordered the Food and Drugs Administration (FDA) to pay Rs 5 lakh to a Pune-based dairy and sweets retailer, M/s Gurunanak Dairy and Sweets,…
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Business
Trump Administration Officials Hold Over $100 Million in Wealth, Outpacing Previous Leaders in High-Value Appointments
US President Donald Trump has appointed a record number of ultra-wealthy officials during his administration. A report from consumer advocacy group Public Citizen reveals that Trump has named more than…
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Business
Russia Confronts New Fuel Shortages Amid Disruptions from Refinery Attacks
Fuel shortages have reemerged in Russia, prompting authorities in at least 10 regions to impose tighter restrictions on petrol sales. This situation follows a new wave of drone attacks on…
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Business
E20 Petrol Controversy: Chief Economic Adviser Nageswaran Advocates for Return of Lower Ethanol Blend Fuel at Pumps
Chief Economic Adviser V Anantha Nageswaran has urged the Indian government to consider reintroducing petrol with a lower ethanol blend, amid rising concerns regarding the impact of E20 petrol on…
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Business
Asian Refiners Seek Saudi Aramco Shipments to Avoid Red Sea Risks
With rising security concerns in the Red Sea, several Asian refiners are hesitant to pick up crude oil shipments from Yanbu, Saudi Arabia. The reluctance stems from difficulties in finding…
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Business
Indian Tech Professionals Face Significant Impact as US Green Card Approvals Decline
In a significant setback for Indian tech professionals, the approval rate for the EB-1A visa, a pathway to U.S. green cards for individuals with extraordinary ability, has plummeted to 35%…
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Business
India’s Telecom Equipment Sector: $50 Billion Export Potential and Key Challenges Identified by Niti Aayog
India’s telecom and network equipment sector is poised to significantly boost the country’s GDP, with ambitions to double its contribution and reach $1 trillion in exports by 2030, according to…
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Business
Rupee Declines 17 Paise to 95.59 Against US Dollar Amid FCNR Swap Deadline Impacting Market Sentiment
The Indian rupee opened the week on a weak note, depreciating by 17 paise to 95.59 against the US dollar in early trading. This decline follows a cautious shift in…
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Business
Insolvency and Bankruptcy Board Focuses on Preventing Legal Misuse
NEW DELHI: The Insolvency & Bankruptcy Board of India (IBBI) has released a discussion paper aimed at preventing the misuse of insolvency laws. The paper addresses concerns over the corporate…
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Business
Oil Prices Remain Stable Amidst Zero Traffic in Hormuz and Stalled Iran-US Talks on Strait Access
Oil prices remained stable in early trading on Monday, with Brent crude rising 0.42% to $88.89 per barrel and WTI crude increasing by 0.21% to $82.57 as of 7:20 AM.…
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Business
JP Morgan Aims for Expanded Role in Mergers and Acquisitions
MUMBAI: JP Morgan is positioning itself for a larger role in mergers and acquisitions (M&A) financing following the Reserve Bank of India’s (RBI) decision to allow domestic lenders to fund…
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Business
India’s Forex Demand Expands Beyond Metros as Tier-2 and Tier-3 Cities Capture 53% Market Share
India’s foreign exchange demand is increasingly driven by smaller urban centres, with tier-2 and tier-3 cities accounting for over half of the total demand, according to Thomas Cook India’s Forex…
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Business
Report Highlights Need for Accelerated Growth and a Stronger Rupee for India to Achieve $20 Trillion Economy by 2036
India could achieve a $20 trillion economy by 2036 if it raises underlying rupee growth to approximately 14.2% and maintains annual rupee appreciation of 3-3.6%, according to a report by…
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Business
Government Sets Refinery-Specific Production Targets; Reliance Receives Largest Quota
India has established production targets for individual refineries and upstream companies for the first time, aiming to strengthen its domestic LPG supply amid disruptions in imports from the Middle East.…
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Business
Foreign Portfolio Investors Re-enter Indian Equities with Rs 16,621 Crore Investment in August
Foreign portfolio investors (FPIs) resumed their buying spree in Indian equities, investing Rs 16,621 crore during the first half of August. This influx follows a positive trend in corporate earnings…
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