Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.
'I often give myself a pat on the shoulder, reminding myself that I've done a good job considering where I started and the mindset I grew up with.'
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.
Gopichand P Hinduja, chairman of globe-spanning Hinduja Group, died in London at the age of 85, sources close to his family said. Fondly known as 'GP' in business circles, Gopichand P. Hinduja was unwell for past few weeks and died in a London hospital, they said.
If Xi Jinping is dethroned in the future, the instrument for that may well be embedded within the PLA, notes former foreign secretary Shyam Saran.
Telecom firm Bharti Airtel will approach the government on the adjusted gross revenue (AGR) it has to pay the exchequer following the Supreme Court's judgment that the government can reassess all AGR dues, according to vice-chairman and managing director Gopal Vittal.
From the Sensex firms, Infosys climbed 3.86 per cent. HCL Tech, Tata Consultancy Services, Axis Bank, Kotak Mahindra Bank, Titan and Tech Mahindra were also among the gainers. However, Eternal, UltraTech Cement, Bharti Airtel and Adani Ports were among the laggards.
'Our vision is to innovate as many products as we can and solve as many problems as possible.'
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Despite global uncertainties, Indian firms entered the 2025-26 fiscal year with healthier balance sheets, higher cash buffer, improved profitability, and greater access to diversified funding sources, said the article 'Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26' published in the Reserve Bank of India's (RBI's) August bulletin.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
According to the Department of Pharmaceuticals' annual report for 2024-25, India imported medical devices worth $8.1 billion, while exports stood at $3.7 billion in the financial year 2023-24 (FY24)
The government has identified critical sectors, including electronics, chemicals, leather and footwear, and toys, where value chains can be strengthened to facilitate and drive foreign direct investment (FDI) into the country. Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
The US Chamber of Commerce has filed a lawsuit against the Trump administration's decision to impose a USD 100,000 fee on new H-1B visa petitions, arguing it harms American innovation and competitiveness.
Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.
The government plans to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes. The scheme is expected to run for seven years, according to official documents.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Whether Trump will actually press ahead with the oil sanctions remains unclear, since keeping Russian oil out of the world market risks high oil prices which could boomerang on the US economy and be damaging politically for Trump, points out Ambassador M K Bhadrakumar.
Let's work flat out and create a policy framework that fosters the growth of Indian non-family business VC and private equity firms. This will allow our Indian startups' dreams to flourish, explains Ajit Balakrishnan.
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
'Even if tariffs are reduced, non-tariff may still remain a challenge.'
'We have created massive infrastructure in the past six years.'
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
India has become Apple's main export hub to the US, which consumes over $40 billion worth of iPhones annually.
Defence Minister Rajnath Singh emphasizes the need for India to remain prepared for uncertainty, even during peacetime, and highlights the increasing importance of the defence sector as an economic driver.
'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'
While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
On his 200th birth anniversary, Utkarsh Mishra traces the life, thought, and legacy of Dadabhai Naoroji, the Grand Old Man of India.
The US team is in New Delhi for the next round of negotiations for the proposed bilateral trade agreement and the negotiations are progressing well, Commerce and Industry Minister Piyush Goyal said on Thursday. Some more US officials will reach India on June 6 to join the negotiations with their Indian counterparts.
The Rs 1-trillion Research Development and Innovation (RDI) fund, which was announced in the July budget for FY25, of which Rs 20,000 crore has already been allocated, will be operationalised in the next two to three months, a top official said.
The government on Tuesday notified the Rs 22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.
'My job is to provide people with a bouquet of options they can choose from.'
64 years after the Panshet Dam burst claimed 1,000 lives, the tragedy stands as both a haunting memory and a vital lesson in engineering caution.
Government sources said amendments were being considered to the Atomic Energy Act to allow private sector participation and the Civil Liability for Nuclear Damage Act to limit the liability on suppliers of equipment to build atomic energy plants.
As the election nears, political positions on prohibition are shifting.
The primary drivers: Geopolitical disruptions inflating fuel and operational costs, and a surge in travel demand.
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