News for 'State for Business and Trade'

Apologise for 1971 atrocities: Bangladesh to Pakistan

Apologise for 1971 atrocities: Bangladesh to Pakistan

Rediff.com18 Apr 2025

Bangladesh has demanded a public apology and compensation from Pakistan for the 1971 atrocities, raising "historically unresolved issues" during the first foreign secretary-level talks between the two countries in 15 years. Dhaka also asked Islamabad to pay USD 4.3 billion as its share from the combined assets at the time of East Pakistan's split from West Pakistan in 1971 to form an independent Bangladesh.

Singapore's ruling party sweeps back to power

Singapore's ruling party sweeps back to power

Rediff.com4 May 2025

Singapore's long-ruling People's Action Party (PAP), led by Prime Minister Lawrence Wong, has secured a landslide victory in the country's general election. The PAP won 87 of 97 seats, with voters endorsing the party's focus on stability and economic security amidst global uncertainties. Wong expressed gratitude for the strong mandate and vowed to tackle concerns about the cost of living and housing. The results mark a significant win for the PAP, which has been in power since Singapore's independence in 1965.

No Digital Data Protection Act Change Likely

No Digital Data Protection Act Change Likely

Rediff.com7 Apr 2025

The "construct of the DPDP Act" cannot be changed at this stage, though there may be some minor tweaks in the language of the Rules and formats in certain legitimate cases.

US lawmakers, businesses demand Indian trade reforms

US lawmakers, businesses demand Indian trade reforms

Rediff.com19 Jun 2013

Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue

'No Speed Bumps In The Relationship'

'No Speed Bumps In The Relationship'

Rediff.com12 Feb 2025

'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'

'If There Is No Money In The Hands Of People...'

'If There Is No Money In The Hands Of People...'

Rediff.com31 Jan 2025

'...how do they consume and contribute to the GDP?'

Mother's bid to resolve Lodha vs Lodha dispute

Mother's bid to resolve Lodha vs Lodha dispute

Rediff.com28 Feb 2025

'The final arrangement within our family was documented in our amended family agreement dated March 31, 2017. We confirm that both of you have no right of any form in the other brother's business of assets.'

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.

India-Pak tensions: Govt warns traders against hoarding of food items

India-Pak tensions: Govt warns traders against hoarding of food items

Rediff.com10 May 2025

The Indian government has assured citizens that the country has ample food stocks to meet domestic demand, despite escalating tensions with Pakistan. The government has also warned traders against hoarding essential food items and creating artificial shortages, emphasizing that there is no need for panic buying. The food ministry detailed the country's current stock levels, showcasing a surplus over required buffer norms for rice, wheat, and pulses. Additionally, India holds substantial edible oil and sugar stocks, ensuring a strong food security position.

Itachuna: Regal, Rich, And A Bit Spooky

Itachuna: Regal, Rich, And A Bit Spooky

Rediff.com2 Jul 2025

Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.

Donald Trump's move suits India: Jaishankar

Donald Trump's move suits India: Jaishankar

Rediff.com6 Mar 2025

India's External Affairs Minister S Jaishankar has stated that the US administration under President Donald Trump is moving towards multipolarity, which aligns with India's interests. He also revealed that India and the US have reached an agreement on the need for a bilateral trade pact. Jaishankar touched upon various foreign policy issues including India's role in the Russia-Ukraine conflict, the trajectory of the BRICS grouping, and relations with China during a session at the Chatham House think-tank in London.

How China retaliated against Trump's tariffs

How China retaliated against Trump's tariffs

Rediff.com4 Mar 2025

China on Tuesday retaliated US President Donald Trump's imposition of 2nd round of ten per cent tariffs on its export by slapping an additional 15 per cent tariffs on American goods and initiated legal action against Washington in WTO while leaving the door open for talks to address each other's concerns.

Why Jaishankar feels US under Trump 'suits' India

Why Jaishankar feels US under Trump 'suits' India

Rediff.com6 Mar 2025

"From President Trump's perspective, the one big shared enterprise that we have is the Quad, which is an understanding where everybody pays their fair share. There are no free riders involved. So that's a good model which works," he said. The Quad alliance consists of the US, India, Australia and Japan.

Not All Need Subsidies: Finance Secy

Not All Need Subsidies: Finance Secy

Rediff.com31 Mar 2025

'If in our cities, all urban bus transport services are free, then the taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people'

India ends transshipment pact with Bangladesh after Yunus remark

India ends transshipment pact with Bangladesh after Yunus remark

Rediff.com9 Apr 2025

India has exempted Bangladeshi exports to Nepal and Bhutan as such trade facilitation is mandatory for landlocked countries under the framework of provisions of the World Trade Organisation (WTO).

Trump's reciprocal tariffs and WTO rules: An explainer

Trump's reciprocal tariffs and WTO rules: An explainer

Rediff.com15 Feb 2025

American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12.

India slaps 150% tariff on US alcohol, not helping: White House

India slaps 150% tariff on US alcohol, not helping: White House

Rediff.com12 Mar 2025

'President Trump believes in reciprocity and it is about time that we have a president who actually looks out for the interests of American businesses and workers'

Sun Pharma Q4 profit down 19% at Rs 2,149.8 cr, revenue up 8%

Sun Pharma Q4 profit down 19% at Rs 2,149.8 cr, revenue up 8%

Rediff.com23 May 2025

India's largest drug maker Sun Pharmaceutical on Thursday posted a decline of 19 per cent year-on-year (Y-o-Y) for its consolidated net profit for the fourth quarter of the financial year 2025 (Q4FY25) at Rs 2,149.8 crore. Meanwhile, its revenue from operations rose by 8 per cent at Rs 12,958.8 crore.

'ITC aspires to double its business in five years'

'ITC aspires to double its business in five years'

Rediff.com21 Apr 2024

'While every year presents new challenges, it also provides opportunities for better growth and performance.'

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Rediff.com13 Apr 2025

K Krithivasan -- the chief executive and managing director of TCS -- believes that the tariff moves-induced uncertainty impacting the sector will be "short-lived" and expects it to get resolved within "months".

Rare gesture: Modi receives Amir of Qatar at Delhi airport

Rare gesture: Modi receives Amir of Qatar at Delhi airport

Rediff.com17 Feb 2025

The two leaders shared a warm hug as they met each other.

A Budget that balances prudence with growth: Birla

A Budget that balances prudence with growth: Birla

Rediff.com2 Feb 2025

Budget 2025-26 delivers a carefully calibrated strategy-stimulating demand and investment while keeping fiscal discipline intact. In an environment marked by global trade disruptions, and a softening in urban consumption, Finance Minister Nirmala Sitharaman has taken a measured approach.

Sensex surges 740 points, closes above 73K

Sensex surges 740 points, closes above 73K

Rediff.com5 Mar 2025

From the Sensex pack, Adani Ports, Tata Steel, Power Grid, Mahindra & Mahindra, NTPC, Tech Mahindra, Tata Motors, ITC, Nestle India, HCL Technologies, Bharti Airtel, State Bank of India, Asian Paints and Kotak Mahindra Bank were the gainers. Bajaj Finance, IndusInd Bank, HDFC Bank, and Zomato were the laggards.

Stricter Steel Rules May Crush Small Manufacturers

Stricter Steel Rules May Crush Small Manufacturers

Rediff.com13 Mar 2025

Since India relies heavily on specialised imported fasteners for critical applications in industries, such as automobiles, aerospace, electronics, and defence, their sudden unavailability will jeopardise production.

'Ab Bharat ka pani Bharat ke haq mein bahega': Modi on Indus treaty

'Ab Bharat ka pani Bharat ke haq mein bahega': Modi on Indus treaty

Rediff.com7 May 2025

Prime Minister Narendra Modi asserted on Tuesday that India's water will no longer flow outside the country but will be utilized in the nation's interest, a statement seemingly directed at Pakistan following his government's decision to put the Indus Waters Treaty in abeyance after the Pahalgam terror attack. Addressing the ABP Network's 'India@2047' Summit, Modi emphasized his government's focus on interlinking rivers, noting that water used to be a source of conflict among states, before alluding to India's stance against Pakistan while discussing water. He highlighted the finalization of the India-UK free trade agreement as a historic milestone and underscored the importance of prioritizing national interest for achieving objectives and realizing the country's potential. Modi highlighted the country's growth and development under his government's rule, emphasizing its focus on welfare schemes and digitalization. He reiterated his government's commitment to 'Nation First' and pointed to the recent reforms undertaken, including the new Waqf law and the ban on triple talaq, which he said were aimed at benefiting the marginalized sections of society.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

Earnings winter to persist in Q4

Earnings winter to persist in Q4

Rediff.com23 Apr 2025

Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.

Reciprocal tariffs against India from April 2: Trump

Reciprocal tariffs against India from April 2: Trump

Rediff.com5 Mar 2025

Trump has made it clear to Prime Minister Modi that India will not be spared from Washington's reciprocal tariffs and emphasised that "nobody can argue with me" on tariff structure.

Why are we giving $21 million to India?: Trump on DOGE cut

Why are we giving $21 million to India?: Trump on DOGE cut

Rediff.com19 Feb 2025

Trump made these remarks after Elon Musk-led DOGE's (Department of Government Efficiency) disclosed that USAID contributed USD 21 million to Election Commission for boosting voter turnout.

'Elon Musk was fascinated about Kumbh Mela'

'Elon Musk was fascinated about Kumbh Mela'

Rediff.com18 Jan 2025

Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.

RBI Forex Intervention Hits Highest In 17 Years

RBI Forex Intervention Hits Highest In 17 Years

Rediff.com23 May 2025

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.

Nobody can argue with me: Trump on reciprocal tariff talks with Modi

Nobody can argue with me: Trump on reciprocal tariff talks with Modi

Rediff.com19 Feb 2025

'India has very strong tariffs on certain imports from the US. Like in the automobile sector, India charges 100 per cent'

What Will Nirmalaji's Budget Be Like?

What Will Nirmalaji's Budget Be Like?

Rediff.com8 Jan 2025

The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.

Sensex jumps 1,131 points; reclaims 75K

Sensex jumps 1,131 points; reclaims 75K

Rediff.com18 Mar 2025

From the Sensex pack, Zomato jumped over 7 per cent. ICICI Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, Asian Paints, Titan, Kotak Mahindra Bank and State Bank of India were among the gainers. However, Bajaj Finserv, Bharti Airtel, Tech Mahindra and Reliance Industries were the laggards.

Commerce secy, team in London to push trade deal

Commerce secy, team in London to push trade deal

Rediff.com6 Oct 2023

Officials from India and the United Kingdom (UK) are working overtime to address the contentious issues related to the proposed free trade agreement (FTA) between the two nations, in a final push to conclude the deal by the year-end. Commerce secretary Sunil Barthwal was headed to London on Thursday after completing his four-day visit to Brazil. Other key officials from India's negotiating team will be joining Barthwal in the UK capital, hoping to make headway in the FTA negotiations, which started in January last year, a person aware of the matter told Business Standard.

Kerala: The Puzzled Book Of Questions

Kerala: The Puzzled Book Of Questions

Rediff.com11 Jun 2025

Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.

Trump's Tariff War: India Waits, Watches

Trump's Tariff War: India Waits, Watches

Rediff.com3 Feb 2025

'We have to be prepared for the larger disruption that is likely to take place.'

'India Is Where The Action Is'

'India Is Where The Action Is'

Rediff.com20 May 2025

'Pakistan is no longer a front-burner issue for America.'

Trump slaps 26% reciprocal tariffs on India, 34% on China

Trump slaps 26% reciprocal tariffs on India, 34% on China

Rediff.com3 Apr 2025

US President Donald Trump announced a 26 per cent "discounted reciprocal tariff" on India, half of the 52 per cent levies imposed by India on American goods, as he described India as "very, very tough."

Sebi's order against Prannoy, Radhika Roy in insider trading case dismissed

Sebi's order against Prannoy, Radhika Roy in insider trading case dismissed

Rediff.com5 Oct 2023

The Securities Appellate Tribunal (SAT) on Thursday quashed a Sebi order that barred NDTV founders Prannoy Roy and Radhika Roy from the securities market for two years in an insider trading case. However, the appellate tribunal partly set aside an order against Vikramaditya Chandra, the group's chief executive officer during the relevant period, and remitted the matter back to Sebi to decide the issue. It further said that trades executed by Chandra during PSI-3 (price-sensitive information) are required to be reconsidered, according to the order passed by SAT.