The United States Department of Homeland Security has threatened to revoke Harvard University's ability to enrol foreign students if it failed to provide by April 30 records on its international student visa holders' 'illegal and violent' activities.
Sharif waited for over 40 minutes, visibly impatient, before joining the meeting and staying for just 10 minutes.
The income tax department on Saturday said it has launched a campaign to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 2024-25. The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their income tax returns (ITR).
The United States Embassy in India on Monday said starting December 15, the United States has 'expanded' online presence reviews to all H-1B and H-4 applicants as part of standard visa screening, and this vetting is being conducted globally for 'all applicants of all nationalities' for these two visa categories.
Trump signed an order to pause enforcing of the 1977 Foreign Corrupt Practices Act (FCPA) that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.
Foreign Secretary Vikram Misri on Monday called on Chinese Foreign Minister Wang Yi and discussed issues of bilateral interest.
Construction major L&T is gearing up to expand its footprint in the global nuclear supply chain, a senior company official has said, while calling for amendments to key legislations on the domestic front to pave the way for the entry of private players and foreign capital necessary for capacity enhancement.
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.
US President Donald Trump signed an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that was used to launch a bribery investigation against the Adani Group. Trump signed an order to pause enforcing of the 1977 Foreign Corrupt Practices Act (FCPA) that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.
Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 200 crore by 'front-running' in trade activities, the Enforcement Directorate (ED) said on Sunday.
This comes despite Russia on Monday stating that Lavrov and Rubio held a "constructive" conversation as part of preparations for the meeting between their two presidents in Budapest, Hungary, Russian media has reported.
The Trump administration is considering requiring all foreign students applying to study in the United States to undergo social media vetting, according to a report in Politico. In preparation for such required vetting, the administration is ordering US embassies and consular sections to pause scheduling new interviews for such student visa applicants. The report noted that if the administration goes ahead with the plan, it could severely slow down the processing of student visas and hurt many universities who rely heavily on foreign students to boost their financial coffers. This move comes days after the Trump administration ordered the Department of Homeland Security to terminate Harvard University's Student and Exchange Visitor Programme (SEVP) certification, a move that meant Harvard could no longer enroll foreign students.
Soros, a Hungarian-American political activist, and his organisations like OSF have been accused by the ruling BJP of acting against India's interests. His utterances during the Adani-Hindenburg controversy also drew criticism from the party.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
The Union Finance Ministry on Friday announced key amendments to foreign exchange (forex) regulations, including mandating government approvals for all investments originating from countries that share land borders with India. The latest amendments also seek to simplify cross-border share swaps and streamline key definitions, such as "control". The updated regulations have aligned the treatment of downstream investments made by overseas citizen of India (OCI)-owned entities with those owned by non-resident Indians (NRIs) on a non-repatriation basis.
Two senior Chinese ministers attended India's Independence Day reception in Beijing, signaling a potential improvement in relations ahead of Prime Minister Modi's expected visit to China for the Shanghai Cooperation Organisation summit.
Rubio voiced "appreciation" for New Delhi's continued engagement on bilateral issues, including trade, defence and energy.
Among Sensex shares, Sun Pharmaceutical, Tata Steel, Trent, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, Axis Bank, Tech Mahindra, Adani Ports, Titan, BEL, and Larsen & Toubro were the major laggards. However, Hindustan Unilever, Maruti Suzuki India, ITC, Tata Consultancy Services and UltraTech Cement were the gainers.
India and Canada have unveiled a roadmap to boost cooperation in trade, critical minerals, and energy, signaling efforts to rebuild strained relations following the killing of a Sikh separatist in 2023. Discussions include addressing concerns over pro-Khalistan elements and pursuing a balanced partnership.
Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
Uncertainty clouds US fall intake as Trump's visa ban on Harvard raises fears of wider policy shifts, pushing Indian students to explore alternative destinations.
The Trump administration has revoked Harvard University's eligibility to enrol foreign students, raising concerns over the legal status of thousands of students, including nearly 800 from India, currently enrolled at the varsity.
India and China reviewed the situation along the Line of Actual Control (LAC) in eastern Ladakh and prepared for the next Special Representatives' dialogue on the boundary question.
A Russian Parliament member claims Russia has enough nuclear submarines to counter US deployments, following statements by Donald Trump and Dmitry Medvedev.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
Badar Khan Suri, an Indian postdoctoral fellow at Georgetown University, is facing deportation after US authorities accused him of "spreading Hamas propaganda" and having "close connections to a suspected terrorist." The Department of Homeland Security claims Suri has been actively promoting antisemitism on social media and is connected to a senior Hamas advisor. Suri's lawyer, Hassan Ahmad, argues that his client is being targeted due to his wife's Palestinian heritage and their opposition to US foreign policy towards Israel. The incident follows the self-deportation of another Indian student from Columbia University who was also accused of supporting Hamas.
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.
India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said on Friday. This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of vaults. The country's overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes, as per official data.
In his petition, Suri's lawyer said that he is being punished as his wife, who is a US citizen, is of Palestinian heritage and because the government suspects that he and his wife are against the US foreign policy towards Israel.
'Trump is not shy when he is frustrated with countries'
Sections in the US State Department and Pentagon have always felt more comfortable dealing with all powerful Pakistani generals instead of elected civilians, points out Rana Banerji, who headed the Pakistan desk at RA&W.
United States Charge d'Affaires Natalie Baker on Wednesday met Deputy Prime Minister and Foreign Minister Ishaq Dar as part of efforts to de-escalate tensions with India following the Pahalgam terror attack on April 22 in which 26 people were killed.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
India and China have agreed to rebuild ties and resume people-to-people exchanges, including resuming direct flights and the Kailash Manasarovar Yatra this year. The two countries also discussed the resumption of dialogue mechanisms to address each other's concerns and move relations to a more stable path. The meeting comes after a period of strained relations following the Galwan Valley clashes in 2020.
Reliance ADA Group chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) in Mumbai and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Ambani, 64, deposed at the office of the federal agency in south Mumbai. Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating.
India and China celebrated the 75th anniversary of their diplomatic relations on Tuesday, with leaders from both countries exchanging congratulatory messages. The anniversary comes as the two countries are working to restore ties after a four-year freeze due to the military standoff in eastern Ladakh. Both countries have expressed a willingness to enhance strategic mutual trust and step up cooperation in various fields. The two sides are also exploring ways to rebuild ties and promote people-to-people exchanges.
India and China held diplomatic talks in Beijing, focusing on effective border management and the resumption of cross-border cooperation and exchanges, including on trans-border rivers and the Kailash-Mansarovar Yatra. The meeting explored measures and proposals to implement decisions made during the Special Representatives (SR) dialogue in December. Both sides agreed to work together for the next SR meeting in India later this year.
A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.
'Indian private universities can provide world-class education at one fourth the cost, home comforts, and direct links to Indian and global industries.'
