The European Union has shown green light for exports of 102 additional Indian marine establishments, offering an immediate 20% increase in shipments to the bloc, officials said.The development comes at a crucial time, as seafood exports to the EU stood at $1.1 billion in FY24, cementing the region’s role as a vital market for Indian […]
GST overhaul: Government permits revised MRPs on unsold stock; use of old packaging allowed till December
The government has allowed manufacturers, packers and importers of packaged goods to print revised MRPs on unsold stock under the new GST rules. They have further been allowed to exhaust existing packaging material and wrappers until December. The decision comes amid repeated appeals by consumer goods companies, which had urged the government to allow clearance […]
India’s low-cost healthcare drives NRI medical tourism; insurance makes care affordable: Report
NEW DELHI: India’s comparatively low healthcare costs and expanding insurance coverage are driving a surge in medical tourism among non-resident Indians (NRIs), according to a new report based on Policybazaar’s NRI claims data from the past three years, cited by Economic Times.Cost advantages Medical procedures in India remain far cheaper than in many global markets. […]
Indian AI startups face US visa hurdles: Entrepreneurs flag delays; Trump administration’s rules complicate access
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 […]