Indian Business

The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…

UAE raises minimum wages: What are the new Dubai salaries for workers in different sectors? Dubai and the wider United Arab Emirates are advancing a major shift in private-sector compensation norms with a new minimum wage policy for Emirati workers as a part of the broader efforts to strengthen labour standards and boost Emiratisation. Although…

As the Union Budget 2026-2027 draws closer, many market participants are urging the government to rethink capital market taxation and not increase the transaction levies. Ahead of finance minister Nirmala Sitharaman’s Budget presentation on February 1, investors and brokerage firms have pitched for measures, they believe would make long-term investing more attractive, particularly for retail…

While the tariffs are for EU countries, the policy uncertainty under Trump is a reminder for India which is currently negotiating a trade deal with the US. (AI image) US President Donald Trump’s latest threat to impose tariffs on European Union countries – a move openly linked to Greenland, following these countries’ support for Denmark’s…

US Ambassador to India Sergio Gor on Sunday concluded his visit to Mumbai, describing it as a “very successful trip.” He said the engagements helped build strong momentum in trade and other key areas of cooperation between India and the United States.In a post on X, Gor said his engagements in Mumbai reflected the breadth…

Spent a fortune on a coffee machine and those exotic beans to replicate that cappuccino you loved overseas? You are not alone. For many rich Indians, the coffee machine on the kitchen counter is no longer just for making a drink, rather it has become a lifestyle statement, as more people are trying to bring…

Prime Minister Narendra Modi flagged off two new Amrit Bharat Express trains in Assam on Sunday, marking another major step in expanding India’s long-distance rail network aimed at improving travel experience and connectivity for the common man. The newest Amrit Bharat trains are: Dibrugarh–Gomtinagar Amrit Bharat train and Kamakhya–Rohtak Amrit Bharat Express.Apart from these, PM…

Google has filed a notice to appeal a US federal court ruling that held it guilty of maintaining an illegal monopoly in online search, according to court records, AFP reported.A US district judge had ruled in 2024 that the internet major monopolised search and text advertising by using exclusive distribution agreements that made it the…

European leaders have pushed back against US President Donald Trump’s latest tariff threat, warning that using trade penalties in connection with Greenland is “wrong” and could damage transatlantic ties.Trump, on Saturday, announced a 10% tariff on all goods entering the United States from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland,…

The European Union and the Mercosur on Saturday formally signed a long-awaited free trade agreement, closing more than 25 years of negotiations and creating one of the world’s largest integrated trading zones.The agreement was signed in Asunción, marking a significant geopolitical win for the EU at a time of intensifying global trade frictions, rising tariffs…