US President Donald Trump and European Commission President Ursula von der Leyen (Photo: AP) In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President…
The US Citizenship and Immigration Services (USCIS), introduced a significant update to its Policy Manual, specifically targeting marriage fraud in family-based immigrant visa petitions.The critical update to its Policy Manual titled ‘Family-Based Immigrants’, released August 1, is designed to ensure that only genuine relationships, particularly bona fide marriages, qualify for lawful permanent resident (green card)…
The Road Transport and Highways Ministry has accelerated pending road projects, with the goal of finalising 50% by the end of March through expedited clearances, swifter land procurement, and timely central funding allocation, a senior official told ET.“The ministry has identified low-hanging projects along with issues resulting in delay of these projects and is moving…
Jane Street under scrutiny Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously).Income tax officials have been conducting searches at the American trading firm’s Indian offices…
Robert Bosch Gmbh is set have a bigger presence in India as it eyes acquiring control of Johnson Controls-Hitachi Air Conditioning India (JCHAI).According to a stock exchange filing on Monday, Bosch acquired a 74.2% stake from JCHAI’s parent organisations Johnson Controls-Hitachi Air Conditioning Holding (UK) and JCHAC India HoldCo Ltd, effective July 31, reported the…
India is positioned to emerge as a more significant player in the global economy in the forthcoming decades, based on an analysis by Morgan Stanley. The analysis indicated that India’s increased credit-to-GDP ratio and expanding manufacturing sector will enhance its global economic influence.The nation’s growth trajectory is supported by several key factors, including sustained demographic…
After imposing a 25% tariff on India last week, Trump targeted Russia and India, calling them ‘dead economies’. (AI image) US President Donald Trump’s 25% tariff, threats of higher duties, additional penalties, and jibes calling India a ‘dead economy’ don’t appear to have gone down well with India. The Narendra Modi government is calling out…
India’s services grows (Representative image) India’s services sector expanded at its fastest pace in 11 months in July, supported by a sharp rise in export orders and solid sales growth, according to the HSBC India Services PMI released Tuesday. The Services Purchasing Managers’ Index (PMI) rose marginally to 60.5 in July from 60.4 in June,…
Experts expect the central bank to maintain a status quo on repo rate. RBI Monetary Policy Committee (MPC) meet date, time: The MPC, under the leadership of Reserve Bank of India (RBI) governor Sanjay Malhotra, met this week for the bi-monthly monetary policy review. The committee will assess several economic parameters, including the repo rate,…
India plans to introduce the plan by September to protect its exporters from international trade volatility. (AI image) Amidst US President Donald Trump’s tariff war and increasing global trade uncertainties, India is preparing a big Rs 20,000 crore plan to protect exporters. The new comprehensive strategy is expected to be ready in the coming months…
