Penalty tariffs by the US would mean that Russia’s crude oil imports would no longer be a lucrative option for India. US President Donald Trump’s fresh threat of 100% secondary tariffs on countries trading with Russia poses an important question – will India’s crude oil supply be hit? At present, India and China are the…
The US Federal Communications Commission (FCC) announced on Wednesday that it plans to introduce new rules to block companies from connecting undersea communication cables to the United States if they include Chinese technology or equipment.“We have seen submarine cable infrastructure threatened in recent years by foreign adversaries, like China,” FCC Chair Brendan Carr said in…
Top executives at India’s private banks saw only modest increases in their FY25 pay packages, as the Reserve Bank of India maintained strict oversight on CEO compensation, with salaries, bonuses, and stock options requiring prior regulatory approval as part of a wider effort to ensure transparency and restraint, according to an ET report.Here is how…
The Unique Identification Authority of India (UIDAI) is taking steps to bolster the offline Aadhaar-based identity verification process, aiming to make it more secure, user-friendly, and widely adopted across financial and fintech services, as per two senior bankers. What is the key objective? The key objectives of UIDAI’s latest move are to allow Aadhaar-based KYC…
Over the upcoming 2 decades, Andhra Pradesh might evolve into a $2 trillion state economy! A state taskforce led by CM N Chandrababu Naidu has laid out a roadmap to turn the state into a $2.4 trillion economy by 2047. The taskforce is co-chaired by Tata Sons chairman N Chandrasekaran and includes top industry leaders.Naidu…
Bilateral trade agreement discussions between India and the US remain ongoing. (AI image) India-US trade deal: As talks between India and the US for an interim trade deal continue, India Inc is faced with uncertainty for their America plans. Corporates are in a wait-and-watch mode to finalise plans looking for clarity on tariff rates applicable…
Justice Purushaindra Kumar Kaurav directed Wipro to remove the unfounded stigmatic comments about the former employee’s professional conduct. Wipro, India’s major IT services company, has been asked by Delhi High Court to pay Rs 2 lakh to a former employee, alleging ‘character assassination’. The court has issued a defamation ruling against Wipro regarding a contentious…
The insurance industry is facing a noticeable slowdown, primarily dragged down by weak motor sales and a dip in corporate policy renewals, according to a recent research report by Nuvama.The report indicated that overall industry growth is likely to remain subdued, driven majorly by a decline in vehicle sales and a reduction in the renewal…
Mexican President Claudia Sheinbaum on Wednesday said that she and Canadian Prime Minister Mark Carney have agreed to strengthen trade collaboration in response to the US President Donald Trump‘s proposed tariffs, set to take effect on August 1.Speaking at a daily morning press briefing, Sheinbaum said, “We both agreed that the (US-Canada-Mexico) trade agreement needed…
NEW DELHI: India’s electric vehicle (EV) charging network is expanding at a rapid pace, with public charging stations witnessing a nearly five-fold jump from FY22 to early FY25, according to a report by CareEdge Ratings. The number of EV public charging stations rose from 5,151 in 2022 to 26,367 by early FY25, reflecting a strong…