Category: Latest NEWS

The India EU trade deal car tariffs framework marks a major shift in India’s long-standing protectionist stance toward imported automobiles. Under the newly finalised trade agreement between India and the European Union, New Delhi will immediately slash import duties on high-end European cars to as low as 30%, down from…

Maharashtra Deputy Chief Minister and senior Nationalist Congress Party (NCP) leader Ajit Pawar died on Wednesday morning after a chartered aircraft crashed while attempting an emergency landing near Baramati Airport. The tragic incident occurred around 8:40 am, resulting in the death of all five people on board, including Pawar, two…

The Adani SEC summons has emerged as a focal point in one of the most high-profile legal confrontations involving an Indian conglomerate and U.S. regulators. The U.S. Securities and Exchange Commission has formally asked a federal court in New York for permission to serve legal summons to Indian billionaire Gautam…

India’s food delivery and quick commerce giant is entering a new era as its founder steps aside. Deepinder Goyal, the long serving Zomato CEO, will relinquish the top role after eighteen years, handing leadership to Albinder Dhindsa, head of the company’s fast growing quick commerce unit Blinkit. The Zomato CEO…

French cosmetics major L’Oréal on Wednesday announced plans to establish a L’Oreal beauty tech hub in the southern Indian city of Hyderabad, marking one of its largest technology-focused investments in the country. The company said it would invest more than 35 billion rupees ($383.4 million) in the new hub, reinforcing…

The Indian rupee weakening trend extended into Tuesday’s trading session, with the currency breaching the 91-per-dollar mark for the first time in nearly a month. Persistent flow-based dollar demand has tightened the squeeze on the local unit, bringing it within striking distance of its historic low and keeping market participants…

The Nestle India CFO appointment marks a significant leadership transition as the company announced the appointment of Edouard Mac Nab as Executive Director, Finance and Control, and Chief Financial Officer, effective March 1. Mac Nab will succeed Svetlana Boldina, who will step down from her role on January 31 to…

India’s external trade performance in December reflected resilience in exports amid mounting global uncertainties, even as the trade deficit widened sharply due to a surge in imports. Data released by the commerce department showed that merchandise exports rose 1.8 per cent year-on-year to $38.51 billion, offering some relief at a…

Japan’s Sumitomo Mitsui Banking Corporation has taken a decisive step in strengthening its footprint in the Indian financial system after receiving the Reserve Bank of India’s in-principle approval to establish a wholly owned subsidiary in the country. The approval allows SMBC India WOS to convert its existing branch operations in…

Hopes for a long-awaited India US Trade Deal received a fresh boost on Monday after newly appointed US Ambassador to India, Sergio Gor, confirmed that Washington and New Delhi would be discussing trade issues in their next scheduled call on Tuesday. His remarks have injected cautious optimism into bilateral economic…