Big blow! Trump revokes sanctions waiver – why is Iran’s Chabahar port important for India & what does US move mean?

This decision directly impacts India’s state-operated India Ports Global Limited (IPGL), which has managed the Shahid Beheshti terminal at the port. At a time when India and the US are looking to seal a trade deal, the Donald Trump administration has dealt a fresh blow to India’s trade and strategic ambitions by removing sanctions waivers…

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Big trade boost: India, UAE aim to double bilateral non-oil, non-precious metal trade to $100 billion; what’s on the agenda

The ministerial delegation, comprising over 70 representatives, aims to boost exports in sectors including textiles. (AI image) India and the UAE are looking to reach a figure of $100 billion trade in non-oil and non-precious metal segments – double from the levels right now. The plan has been outlined to achieve the target in the…

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Unilever’s new CFO: Indian-origin Srinivas Phatak appointed – Who is he?

Srinivas Phatak (Image/Unilever official website) Consumer goods major Unilever has appointed India-born Srinivas Phatak as its Chief Financial Officer (CFO), the company on Tuesday. His appointment, effective immediately, comes a little over six months after he was given charge as Acting CFO.Phatak, 53, succeeds Fernando Fernandez, who earlier this year transitioned from CFO to CEO….

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‘India & China are ancient civilisations’: Russia slams Trump tariffs; warns threat won’t work

Russia slammed US tariff threats against India and China, calling them “ancient civilisations” and claiming that threat to them “won’t work,” and that both the nations are unlikely to bow down to ultimatums.Speaking on Russia’s main Channel 1 TV programme “The Great Game,” Foreign minister Sergei Lavrov said, “Both China and India are ancient civilisations….

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IHCL clarifies on Pierre deal status

Indian Hotels Company (IHCL), the owner of the Taj chain, informed the BSE on Thursday that it does not own The Pierre in New York but has leasehold rights for the hotel. IHCL was responding to news articles appearing in media outlets including TOI, which carried a report under the headline “Taj may exit NYC’s…

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JK Tyre raises exports from Mexico unit to US

CHENNAI: JK Tyre is increasing exports from its manufacturing units in Mexico to America in view of the US imposing 50% tariff on goods coming from India. The company has two facilities in Mexico catering for Latin America, Brazil and US.“Currently, 65% of tyres made in Mexico are used for the domestic . We are…

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Nvidia gives Intel $5 billion lifeline

Nvidia agreed to invest $5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.Nvidia will buy Intel common stock at $23 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics…

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