Business

India’s rare earth push hits new roadblocks (ANI) India’s Rs 7,300 crore plan to boost domestic production of rare earth minerals and magnets could face serious setbacks after China tightened export controls on key machinery and materials used in their processing. The new restrictions threaten to slow India’s drive for self-reliance in producing components that…

The European Union’s latest package of sanctions on Russia has opened new avenues for Indian businesses to expand trade with Moscow, according to the Moscow-based Indian Business Alliance (IBA).On October 23, the Council of the European Union adopted its 19th round of restrictive measures targeting key Russian sectors—including energy, finance, and defense — in response…

India’s primary market is set for a busy week, with six initial public offerings (IPOs) collectively aiming to raise over Rs 1,800 crore across both mainboard and SME platforms. From consumer brand Lenskart to smaller players in logistics, textiles, and manufacturing, investors have a diverse lineup of opportunities on Dalal Street.Leading the pack is eyewear…

The American economy may look healthy on paper. Wall Street is roaring, Silicon Valley is buzzing with AI optimism, unemployment is steady, and GDP is rising. But billionaire investor Ray Dalio says this apparent prosperity hides a deeper imbalance. The US, he argues, is becoming dangerously dependent on a small, highly productive elite, while the…

US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) In a move that is possibly aimed at reducing trade issues with the Donald Trump administration, India has stepped up its crude oil imports from the US substantially. Crude imports in the month of October have hit…

A small group of Tesla mechanics in Sweden has spent two years on the picket lines in a rare and escalating confrontation with one of the world’s most powerful carmakers. Around 70 workers at Tesla’s service centres walked out in October 2023, demanding that the company sign a collective bargaining agreement — a cornerstone of…

Representative image (AI-generated) India’s economic growth is expected to remain strong in FY 2026 even as global trade challenges persist, the finance ministry said in its monthly economic review released on Monday.The report highlighted that India’s growth will be driven by robust domestic demand, easing inflation and the positive impact of recent reforms.It further pointed…

Representative image (AI-generated) Business sentiments in India moderated in the second quarter (Q2) of FY 2025-26 after showing steady improvement over the past three quarters, according to a new report by the National Council of Applied Economic Research (NCAER).The decline comes amid high global uncertainties, including additional US tariffs and ongoing trade tensions, the think…

Representative image (AI-generated) Budget 2026: The government is looking to launch a new scheme Pradhan Mantri Kaushal Mudra Yojana (PMKMY) aimed at funding skill training for the country’s growing workforce.The scheme, likely to be announced in the upcoming 2026-27 Budget, will mark a major policy push to make financing a central pillar of the national…

The court clarified that Assessing Officers must accept TDS documentation provided by taxpayers, rather than insisting on exact matches with Form 26AS figures. (AI image) Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued…