Customs officials in Kerala conducted raids across the state, seizing luxury vehicles illegally imported from Bhutan with forged documents. The operation, dubbed 'Operation Numkhor,' targeted multiple locations and uncovered a network involved in smuggling cars, gold, and drugs.
'If Washington has to balance Chinese power, she will have to turn to the third biggest power in the world which is India.' 'The United States and India will have to work together in order to keep Chinese ambitions in check.'
The federal probe agency also said it seized Rs 12 crore in cash (including about Rs crore in foreign currency), gold jewellery worth Rs 6 crore, silver about 10 kg along with four vehicles following raids launched on Friday in multiple states.
'The world does not know that the families of these journalists were threatened and one by one they too have been killed.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
US Secretary of State Marco Rubio claims President Donald Trump was instrumental in bringing about the cessation of hostilities between India and Pakistan, a claim India has consistently denied.
'Trump does have a master plan in mind to put pressure on India with the additional tariff of 25 per cent to get Modi to persuade Russian President Vladimir Putin to freeze the Ukraine war.' 'It has not worked so far. By end-September only we'll know for sure the future trajectory of India's oil purchases from Russia,' observes Ambassador M K Bhadrakumar.
'Trump is not shy when he is frustrated with countries'
Uttar Pradesh Police's Special Task Force unearths a fake embassy operating in Ghaziabad, arresting a man who claimed to be a diplomat of a non-existent country.
Despite corporate bond yields hardening by 20-25 basis points, Indian corporates are not warming up to bank funding for their capital expenditure needs as bank lending rates remain elevated due to the higher cost of liabilities, compared to current rates in the debt capital market.
Indian envoy Vinay Mohan Kwatra discussed fair, balanced and mutually beneficial trade ties with US lawmakers amid ongoing tariff tensions between New Delhi and Washington.
External Affairs Minister S Jaishankar defends India's purchase of Russian oil, stating it is not the largest purchaser and that the US had previously supported such actions to stabilize energy markets. He also addresses concerns about tariffs and trade relations with the US.
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including 25 per cent additional duties for India's purchase of Russian crude oil.
Global funds' assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. AUC is the total market value of equities held by FPIs.
Foreign companies now pay less tax relative to their earnings than at any time in more than three decades. Foreign private companies paid 24.36 per cent of their pre-tax profit as tax in 2023-24, show numbers from the Centre for Monitoring Indian Economy (CMIE).
The Securities and Exchange Board of India (Sebi) has identified around Rs 77,800 crore as "difficult-to-recover" or DTR dues in its annual report for 2024-25 (FY26), marking a nearly 2 per cent increase from the previous year. These dues remain unrecovered despite exhaustive recovery efforts.
China has expressed its support for Russia's initiative to revive the Russia-India-China (RIC) troika, emphasizing its importance for regional and global security and stability.
Equity markets this week will turn their focus on the RBI's interest rate decision, Q1 earnings from several blue-chip firms and tariff-related news for further cues, analysts said. Moreover, trading activity of foreign investors and trends in global equity markets will also drive investors' sentiment.
China has called Tibet-related issues a 'thorn' in India-China bilateral relations and a 'burden' for New Delhi, ahead of External Affairs Minister S Jaishankar's visit to China.
The BJP has accused the Opposition of spreading propaganda regarding the Supreme Court's stance on Aadhaar and voter enrollment in Bihar. The party asserts that the court did not state Aadhaar alone is sufficient for voter registration and that the Opposition is misrepresenting the ruling.
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
The council said it takes serious cognisance of the alleged data manipulation by the CSDS and its attempt to create a narrative to undermine the sanctity of the Election Commission of India (ECI).
'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
Pakistan has reiterated its desire for normal neighbourly relations with India, while also criticizing India's decision to put the Indus Waters Treaty in abeyance. The Foreign Office spokesperson emphasized Pakistan's commitment to diplomacy and regional cooperation.
Indian Foreign Secretary Vikram Misri is scheduled to visit Bangladesh next week for a foreign secretary-level meeting, amidst ongoing tensions between the two countries. The visit comes after the interim government led by Muhammad Yunus took power in Bangladesh, following the ouster of Sheikh Hasina as prime minister. The meeting will focus on a range of bilateral issues, including the potential extradition of Hasina and visa-related matters. Tensions between the two nations escalated further with the arrest of Hindu monk Chinmoy Krishna Das in Bangladesh, leading to concerns from India regarding attacks on minorities in the country.
'Modi's a great leader... But I don't understand why he's getting into bed with Putin and Xi Jinping...'
'The background for the Saudi-Pakistan agreement is the fact that the regional security order has collapsed due to the Israeli attack on Doha.' 'The Americans have largely abandoned their security guarantee for West Asia and the region has no choice but to look at alternatives.'
India briefed envoys of around 45 nations on the Pahalgam terror attack and its link to cross-border terrorism. The envoys were briefed in two batches by senior officials of the Ministry of External Affairs (MEA). India also announced punitive measures against Pakistan, including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post. Pakistan responded by shutting its airspace to all Indian airlines and suspending trade with New Delhi.
'India is cosying up to Xi Jinping. They don't need the Russian oil. It's a refining profiteering scheme.'
India needs to address Bangladesh's longstanding concerns to improve bilateral ties between Dhaka and New Delhi, Hossain said adding: Bangladesh's previous (ousted) government addressed the concerns of India, but India did not address Bangladesh's concerns.
The way to deal with a bully is to resist bullying, because submission in the first instance only invites even more overbearing demands in future. What may seem like a small price to pay now will lead to a much higher price later, warns former foreign secretary Shyam Saran.
Senior Congress leader Shashi Tharoor says US tariffs are negatively impacting India, leading to job losses, and criticizes President Trump's diplomatic behavior.
A Canada commission report has said that 'no definitive link' with a 'foreign state' in the killing of Canadian Sikh activist Hardeep Singh Nijjar was 'proven', smashing Canadian Prime Minister Justin Trudeau's allegations that accused the involvement of Indian agents in the killing.
'From tariff tensions and border skirmishes to unrest in West Asia.' 'The worst may be behind us. But any further upmove will now have to come from earnings.'
Sitiveni Rabuka's visit to New Delhi marks a major shift in India-Fiji ties as the former coup leader who once expelled India's envoy now returns as an honoured guest, explains Ambassador T P Sreenivasan.
Chinese envoy Xu Feihong stated that China opposes the US imposing tariffs on India, amidst a thaw in Sino-India relations and concerns over global trade disruptions.
'However, we must implement a tit-for-tat approach -- reciprocating their conduct with precision.' 'If they demonstrate respect, we respond accordingly. If they adopt hostile positions, we mirror that hostility with equal intensity.'
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
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