The government has cancelled the auction of five critical mineral blocks, including a rare earth element (REE) mine in Karnataka, in the fifth round of sale after receiving poor response, according to a notice issued by the mines ministry.No bids were received for three of the blocks — two glauconite mines in Gujarat and Chhattisgarh…
Hansalpur: Maruti and its Japanese parent Suzuki Motor on Tuesday said they will invest Rs 70,000 crore in India over the next 5-6 years, but added that localising batteries for fully-electric cars remains a challenge in the absence of lithium-ion reserves.As the company rolled out its first fully-electric vehicle, the eVitara, global president T Suzuki…
NEW DELHI: Banks have been directed by the government to reduce failed transactions under the PM-Kisan Samman Nidhi Yojana, after feedback highlighted delays caused by issues such as unmapped Aadhaar numbers, closed accounts and incomplete KYC verification. Officials said state-level initiatives and corrective measures are being rolled out to address these challenges. The government has…
Trump has consistently warned of sanctions and additional repercussions for Moscow. (AI image) US President Donald Trump has issued a fresh warning of ‘economic war’ to Russia if Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy fail to resolve their ongoing conflict.According to a Bloomberg report, Trump said the ‘economic war’ would be ‘very…
MUMBAI: The Bombay high court has asked markets regulator Sebi to “consider and dispose of” a complaint by Seclink Technologies & Realty against Vikram Solar about not honouring its monetary commitment, using a purchase order to falsely show inflated net worth to qualify for the government’s performance linked incentive (PLI) scheme for companies in the…
The nationwide initiative for complete digitalisation of land records by December will significantly enhance foreign direct investment (FDI) in real estate, as land procurement remains the primary challenge for developers, according to industry specialists.Property acquisition for commercial spaces, including offices, logistics and data centres, will become more efficient, while the residential sector will see improvements…
NEW DELHI: Eternal, which owns the Zomato and Blinkit brands, has received three orders from the GST department imposing a total tax demand of over Rs 40 crore, including interest and penalty. These orders have been received from the Joint Commissioner-4 Bengaluru for the period from July 2017 to March 2020. Source link
The global flow of parcels to the United States has been thrown into chaos after several countries temporarily suspended shipments following the Trump administration’s removal of the “de minimis” tariff exemption. The exemption, which allowed shipments of goods worth $800 or less to enter the US duty-free, which were eliminated starting August 26. The new…
Indian refineries maintain their Russian oil imports as India takes a firm position in US trade discussions. (AI image) India’s crude oil trade with Russia has emerged as a prickly point in trade deal talks with the US, with the Donald Trump administration imposing 25% additional tariffs effective today. But, Indian refinery executives have indicated…
Trump had announced 50% tariffs on India earlier this month, which went into effect on Wednesday (AI image) NEW DELHI: The additional 25 per cent tariff imposed by US President Donald Trump on Indian goods over New Delhi’s purchases of Russian oil have come into effect, raising the overall levy on exports to 50 per…
