Business Archives - Page 55 of 65

20 Jul

Last-Minute Rush at Sector 53-54 Furniture Market Ahead of Demolition Drive

Gurpreet Singh0 CommentsBusiness

Chandigarh (National Times): A day before the UT Administration’s scheduled demolition of the illegal furniture market in Sectors 53 and 54, a massive crowd of bargain hunters swarmed the area on Saturday, hoping to buy household goods at slashed prices. However, much to their disappointment, the discounts turned out to be modest. Despite the anticipation of throwaway prices, many customers were met with only marginal markdowns. The surge in footfall led to traffic snarls on the road dividing Sectors 53 and 54, as the market lacks dedicated parking. In the chaos, transporters capitalised on the demand spike by hiking freight…

19 Jul

India’s Electronics Exports Cross $40 Billion, Bullet Train and Semiconductor Plans on Track: Ashwini Vaishnaw

Rajeev Sharma0 CommentsBusiness, IndiaAshwini Vaishnaw, bullet train project, IIT Hyderabad, India electronics exports, semiconductor chip

Hyderabad, July 19, 2025 — Union Minister Ashwini Vaishnaw on Saturday announced that India's electronics exports have surged past USD 40 billion an eight-fold increase over the last 11 year signaling the country’s aggressive push toward becoming a global manufacturing hub.Speaking at the 14th Convocation of IIT Hyderabad, Vaishnaw said the domestic electronics production has grown six times during the same period. “That’s a double-digit compound annual growth rate, something any corporate would envy,” he noted.The Minister credited this remarkable growth to Prime Minister Narendra Modi’s long-term vision. “Very few countries of our size have ever seen this kind of…

17 Jul

Samsung Chief Jay Y. Lee Cleared in Final Court Ruling Over $8 Billion Merger

Rajeev Sharma0 CommentsBusinessJay Y. Lee, Samsung Electronics, South Korea Supreme Court, stock manipulation case

Seoul, July 17, 2025 — South Korea’s Supreme Court on Thursday upheld the acquittal of Samsung Electronics Chairman Jay Y. Lee in a long-running legal battle over alleged accounting fraud and stock manipulation related to a controversial $8 billion merger in 2015.The verdict affirms rulings by both lower and appellate courts, ending a nearly decade-long saga that began when prosecutors accused Lee of orchestrating the merger of Samsung C&T and Cheil Industries to consolidate control over the tech conglomerate following his father's incapacitation.With the court’s decision, Lee is now permanently cleared of all charges, a development analysts say removes a…

16 Jul

Parliamentary Panel Proposes 285 Changes to Income Tax Bill, 2025 Ahead of Monsoon Session

Rajeev Sharma0 CommentsBusiness, IndiaBaijayant Panda, Income Tax Bill 2025, Lok Sabha, Parliamentary panel

New Delhi, July 16, 2025: A parliamentary panel scrutinising the landmark Income Tax Bill, 2025 has suggested as many as 285 changes to the draft legislation, which aims to overhaul and modernise India’s income tax laws.The Select Committee of the Lok Sabha, chaired by BJP leader Baijayant Panda, finalised its report on Wednesday. The report is set to be tabled in the Lok Sabha on Monday, coinciding with the opening day of Parliament’s Monsoon session.“We have made 285 suggestions to the Bill,” confirmed a member of the committee, reflecting the panel’s extensive engagement with the proposed legislation.The government is expected…

15 Jul

Tesla Launches Model Y in India at Highest Global Price, Opens Mumbai Showroom

Rajeev Sharma0 CommentsBusiness, IndiaModel Y price India, Tesla India launch, Tesla Mumbai showroom

Mumbai, July 15, 2025: Tech billionaire Elon Musk’s Tesla has officially rolled out its Model Y in India, pricing it at about USD 69,770 (approximately Rs 59.9 lakh), making it the costliest market globally for the electric SUV. The launch coincides with the opening of Tesla’s first Indian showroom in Mumbai on Tuesday.Deliveries of the Model Y are slated to begin in the third quarter of 2025. Tesla aims to tap into India’s premium electric vehicle (EV) segment, which currently comprises just around 4% of total car sales in the world’s third-largest automobile market.Unlike mass-market domestic EV players such as…

14 Jul

India, US Begin Key Bilateral Trade Talks in Washington DC

Rajeev Sharma0 CommentsBusiness, IndiaBilateral Trade Agreement, India-US trade talks, Rajesh Aggarwal

Washington DC [US], July 14, 2025: A high-level delegation from India’s Ministry of Commerce and Industry has arrived in Washington DC to advance negotiations on a much-anticipated Bilateral Trade Agreement (BTA) with the United States, officials confirmed on Sunday. The new round of talks, scheduled to begin Monday morning (US time), will continue over four days and aims to narrow gaps on key issues, including agriculture and automobiles, which have posed hurdles in previous discussions. Rajesh Aggarwal, India’s Chief Negotiator and Special Secretary in the Commerce Ministry, is expected to join the discussions on Wednesday. The advance arrival of the…

12 Jul

Tesla Gears Up for India Debut with Mumbai Experience Centre, Faces Policy and Political Crosscurrents

Rajeev Sharma0 CommentsBusinessElon Musk, Model Y SUV, Tesla India launch, Tesla Mumbai experience centre

Mumbai/New Delhi, July 12, 2025 — Global electric vehicle giant Tesla is preparing to make its official foray into the Indian market next week, with the grand opening of its first experience centre in Mumbai’s Bandra Kurla Complex.The highly anticipated launch event, scheduled for July 15, has been branded as the “launch of Tesla in India,” according to exclusive invitations circulated by the Elon Musk-led firm. Tesla has not issued any official statement in response to media queries about the launch.Industry insiders say the company has already imported its first fleet of vehicles, reportedly the Model Y rear-wheel drive SUVs,…

12 Jul

Young people are playing a significant role in nation-building: PM Modi at Rozgar Mela

Rajeev Sharma0 CommentsBusiness, India, TrendingNarendra Modi

Prime Minister Narendra Modi addressed the Rozgar Mela and distributed more than 51,000 appointment letters to newly appointed youth in various Government departments and organizations via videoconferencing today. Addressing the gathering, he emphasized that today marks the beginning of new responsibilities for these youth in different departments of the Government of India. He congratulated the young individuals on beginning their service in various departments, emphasizing that despite different roles, their common goal is national service, guided by the principle of "Citizen First." The Prime Minister emphasized the unmatched strengths of India’s demographic and democratic foundations. He underlined that India, with…

11 Jul

Amazon Enters Delhi’s 10-Minute Delivery Race, Igniting India’s Quick Commerce Frenzy

Rajeev Sharma0 CommentsBusiness10-minute delivery, Amazon Now, quick commerce

New Delhi, July 11, 2025 — Amazon has launched its ultra-fast 10-minute delivery service, Amazon Now, in select areas of Delhi, stepping directly into India’s red-hot quick commerce (QCom) battlefront, already fiercely contested by Blinkit, Zepto, and Swiggy Instamart. This follows Amazon Now's debut in Bengaluru late last year, signaling the e-commerce giant’s growing ambitions in the quick-delivery segment.Available through a dedicated tab on the main Amazon app, Amazon Now promises deliveries of daily essentials groceries, fruits and vegetables, personal care items, wireless accessories, and small appliances within 10 minutes. Prime users can access the service with a minimum order…

10 Jul

MEA Slams Punjab CM Bhagwant Mann’s Remarks on PM Modi’s Foreign Visits as “Irresponsible and Regrettable”

Gurpreet Singh0 CommentsBusinessBhagwant Mann, India diplomacy, MEA statement, PM Modi foreign visits

New Delhi, July 10 : The Ministry of External Affairs (MEA) on Thursday condemned comments made by Punjab Chief Minister Bhagwant Mann that appeared to mock Prime Minister Narendra Modi’s recent overseas engagements, calling the remarks “irresponsible and regrettable.”Without directly naming Mann, MEA spokesperson Randhir Jaiswal said, “We have seen some comments made by a high state authority about India’s relations with friendly countries from the Global South. These remarks are irresponsible and regrettable and do not behove the state authority. Government of India disassociates itself from such unwarranted comments that undermine India’s ties with friendly countries.”The sharp statement came…