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Government News
India’s goods exports remained flat in FY2025 at $437.4 billion as continued global slowdown and US President Donald Trump’s reciprocal tariffs affected orders | Photo Credit: VIPIN CHANDRAN To lend support to exporters as they face greater global uncertainty, the Commerce Department is trying to expedite Expenditure Finance Committee (EFC) clearance for the export promotion…
Bada Dost, Ashok Leyland’s small commercial vehicle After a subdued performance in FY25, India’s light commercial vehicle (LCV) segment is poised for a rebound in FY26, with industry representatives and analysts projecting single-digit growth on the back of improving economic indicators and rising demand from consumption-led sectors. While the overall commercial vehicle (CV) market showed…
Processed fish and seafood market in India is expected to reach $21.04 billion, says industry expert | Photo Credit: The Hindu Amidst the uncertainty triggered by Trump’s tariffs and countervailing duties in their largest export market, the Indian shrimp producers are formulating a “look inward” strategy to tap the burgeoning domestic market. India’s domestic market…
Tata Steel is reworking its export strategy as shifting global trade policies and protectionist measures reshape the metal’s future trade trajectory. The company is currently engaged in negotiations with its US-based customers to navigate rising tariff pressures on exports from its European operations, particularly the Netherlands – a central node in its transatlantic supply chain,…
PhonePe’s most recent funding round was in May 2023, when it raised $850 million. Ahead of its IPO debut, Walmart-backed PhonePe has converted its name from “PhonePe Private Limited” to “PhonePe Limited, according to a RoC filing from Tofler. The digital payment firm had earlier initiated plans to launch its IPO in 2025, targeting a…
FILE PHOTO: ICICI Prudential | Photo Credit: SHAILESH ANDRADE ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about ₹3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied…
The Competition Commission of India (CCI) approved the proposed merger between Aster DM Healthcare Limited and Blackstone-backed Quality Care India Ltd, under Section 31(1) of the Competition Act, 2002. The merged entity — Aster DM Quality Care — will be jointly controlled by Aster Promoters and Blackstone, and will have a combined portfolio of Aster…
File photo: Prime Minister Narendra Modi and Tesla CEO Elon Musk | Photo Credit: ANI Prime Minister Narendra Modi on Friday dialled Tesla and SpaceX CEO Elon Musk to discuss issues related with technological collaboration beside others. “Spoke to @elonmusk and talked about various issues, including the topics we covered during our meeting in Washington…
Electronics devices maker Motorola has said that with the favourable policies like production linked incentive (PLI) scheme and the latest Electronics Component Manufacturing Scheme (ECMS), it expects to grow its exports more in the coming years, similar to what it is selling in the domestic market too. The company has around 6 per cent of…
Govt appoints four new CBDT members | Photo Credit: Kesavan A N 1612@Chennai Four new members have been appointed to the Central Board of Direct Taxes (CBDT) by the Union government. An official order issued on Thursday said the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has approved the names…
