Several Indian AI startups relocating to the US to be closer to the global hub are running into immigration hurdles, with tighter visa regulations under the Trump administration complicating access and lengthening processes. LatentForce cofounder Aravind Jayendran said his US presence is critical within the next three months for client meetings but visa delays are […]
Markets slide in August: US tariffs, Russia-Ukraine war hit equity; GST reforms offer cushion
Indian equity markets fell sharply after the US President raised tariffs on Indian exports to 50 per cent in August, creating headwinds for the country’s manufacturing sector and potential economic growth. Further declines were seen due to the escalating Russia-Ukraine conflict. The fall was partially offset by expected benefits from the Prime Minister’s GST reforms, […]
Pushing back against Trump pressure: India’s state-owned refiners look to fully revive Russia crude oil buys; lack of cargoes an issue
The US tariffs on India aim to increase pressure on Moscow regarding the Ukraine conflict. (AI image) Even as the Donald Trump administration wants India to stop purchasing Russian crude, Indian state-owned refiners are looking to fully revive their purchases of Russia oil. During the four weeks to August 31, India’s seaborne crude imports from […]
IndiGo operations: Airline announces flights connecting Kolkata and Bihar’s Purnea; marks 94th domestic destination
IndiGo on Tuesday announced the launch of direct flights connecting Kolkata and Purnea in Bihar, with operations beginning on September 15. The airline will operate thrice-weekly flights on the route, making Purnea its 94th domestic and 137th overall destination. The flights, to be operated with ATR aircraft, will mark the inauguration of the Purnea airport. […]
Reforms, relief and resolutions: Key takeaways from the 56th GST Council
By Anshul Aggarwal and Kunal KohliOptically, the 56th GST Council Meeting is nothing less than a full-fledged Budget announcement from a GST perspective. Convened at a time when global indicators point to a broader economic slowdown — alongside rising trade pressures— the Finance Minister’s address to India’s 140 billion economy reaffirms the strength and credibility […]
Gold rate today: Gold prices climb to lifetime high; cross Rs 1.10 lakh per 10 grams in MCX futures
Gold reached a new record peak, driven by growing anticipation of Federal Reserve interest rate reductions by the end of the year. (AI image) Gold price today: Gold rates hit a lifetime high on Monday, crossing the Rs 1.10 lakh per 10 grams mark. Gold prices surged by Rs 458, reaching a peak of Rs […]
Altmin becomes first Indian project to be listed with MSP
HYDERABAD: Battery materials and supply chain player Altmin Private Ltd’s proposed $250 million (approx Rs 2200 crore) greenfield lithium refining project in Brazil has become the first project from India to be listed with the Minerals Security Partnership (MSP).MSP is a US-led alliance of 14 countries and the European Commission that focuses on securing and […]
Rupert Murdoch succession battle: Eldest son Lachlan to control media empire; siblings to get $1.1 billion payout each
Robert Murdoch (AP file photo) and son Lachlan Murdoch (Photo from Fox corporation website) Rupert Murdoch’s family has finalised succession arrangements that hand control of his media empire to eldest son Lachlan Murdoch, ensuring Fox News retains its conservative direction. 94-year old Murdoch, an Australian-born American tycoon, built one of the world’s largest media groups, […]
Old packs, new prices: FMCG companies rush to deliver GST gains
MUMBAI: FMCG companies are on their toes, putting in place strategies so that benefits of the GST cuts can be passed on to consumers from Day 1 (Sept 22) even as they await clarity from govt on labelling and packaging issues. Firms are fast shifting their production to new MRPs and streamlining dispatches, which essentially […]
India-Israel ties: Bilateral investment treaty sealed; step towards deeper economic and strategic relations
India and Israel on Monday sealed a bilateral investment treaty, in a move aimed towards strengthening economic ties and laying the groundwork for a possible Free Trade Agreement (FTA).The Government of India and the State of Israel formalised the BIT with Union finance minister Nirmala Sitharaman and her Israeli counterpart, HE Bezalel Smotrich, signing the […]