MUMBAI: India’s rapid economic growth is sustained by domestic resources rather than foreign capital, former RBI deputy governor Michael Patra said amid external challenges, including tariffs imposed by US President Donald Trump.“India self-finances its growth and doesn’t depend on foreign capital for its investment,” Patra said at an event here on Monday. “This is a…
NEW DELHI: The Directorate General of Civil Aviation (DGCA) has granted safety clearance to Air India SATS Airport Services Pvt Ltd (AISATS) for the first time. Since ground handling is vital to aviation safety, and with increasing traffic, larger aircraft, faster turnarounds, and multiple service providers, DGCA has mandated safety clearance for all operators. India…
Russian President Vladimir Putin during his visit to Alaska for a meeting with Trump noted that trade with the US has jumped 20%! (AI image) US President Donald Trump has again slammed India for its continued purchase of crude oil and arms from Russia. In a Truth Social post on Monday, Trump said, “India buys…
Former Reserve Bank deputy governor Michael Patra on Monday said corporate India is a “missing actor” in the country’s growth story, stressing that the economy can accelerate beyond 8% if businesses step up investments.“Now we are seeking to head back [to 8%]. The most important missing actor in this is corporate India, which is not…
For many, retirement is imagined as a time of ease—slower mornings, quality time with family, travel, and indulging in long-postponed hobbies. The picture, however, often collides with reality. A surprisingly large number of retirees discover that their savings don’t stretch far enough, or that a single medical emergency wipes out years of careful planning. Others…
MUMBAI/NEW DELHI: You have read about it in history books and several decades later, you are seeing it play out in the form of hashtags on social media and witty brand campaigns-call for swadeshi is back, thanks to Trump tariffs. Only this time, brands are leading the charge. From homegrown companies taking jibes at American…
The India-UK Free Trade Agreement (FTA) signed on July 24 by Prime Ministers Narendra Modi and Keir Starmer will cut trade tariffs from 15% to 3% and is expected to bolster business confidence in a volatile global environment, British MPs were told on Monday.UK Business and Trade Secretary Jonathan Reynolds briefed the House of Commons…
Infosys staff members continue their work duties from home, both online and offline, after leaving the office. Bengaluru’s persistent and infamous traffic woes seem to have forced Infosys, India’s second largest IT services firm, to reschedule its bus service timings for employees. Infosys has modified the evening bus departure times from its Electronic City facility…
The rupee closed at a fresh all-time low of 88.10 against the US dollar on Monday, slipping by just 1 paisa amid concerns over Indo-US trade tariffs and strong dollar demand from importers.Currency traders said the domestic unit opened weaker at 88.18 at the interbank foreign exchange market and fell further to touch an intra-day…
Sebi proposes revised rules for cyber-security framework Sebi’s recent clarifications on its Cybersecurity and Cyber Resilience Framework introduced tiered compliance standards, reducing requirements for smaller intermediaries. While the move is seen as a step toward strengthening market security and aligning with global norms, experts caution that smaller firms may still struggle with the costs and…
