Business

The government has raised over Rs 35,000 crore in tax and penalty demands under the Black Money Act since 2015, but recovered only Rs 338 crore. No country-specific data is maintained, and 163 prosecutions have been filed till March 2025

India overtook China as the top exporter of smartphones to the US in Q2 2025, thanks to Apple’s strategic shift in manufacturing. “Made-in-India” devices accounted for 44 per cent of imports, with Apple’s iPhone 16 Pro models driving the growth

The NPCI will enforce new UPI rules from August 1, limiting balance checks, restricting auto-pay timings, and capping reversal requests. The changes aim to ease network congestion, enhance transaction security, and improve the user experience across payment apps

Kinetic Engineering has re-entered the two-wheeler segment with the launch of its iconic Kinetic DX in an electric avatar. Priced from Rs 1.11 lakh, the scooter offers a 116 km range as the company plans major investments and dealership expansion

The IT Ministry is monitoring TCS’ decision to lay off over 12,000 employees, mostly at mid- and senior levels. The government is focusing on job creation and reskilling as India’s largest IT firm realigns for AI-driven growth and global expansion

The move, targeting mainly mid and senior roles, comes as part of TCS’ strategy to become a “future-ready” organisation

The government projects annual coal output growth of 6-7 per cent to reach 1.5 billion tonnes by 2029-30

Samsung Electronics has bagged its largest-ever semiconductor order worth $16.4 billion from an undisclosed customer. The 10-year foundry deal will boost its chip business as the company strives to catch up with rival TSMC and offset recent profit declines.

TCS will lay off around 12,261 employees, mostly mid and senior staff, as part of a restructuring plan. The company cites workforce realignment and slower tech demand amid global uncertainty.

Embedding circular principles into development agenda is essential for a future where human well-being is intrinsically linked with planet’s health

The India-UK Comprehensive Economic and Trade Agreement (CETA) promises significant gains for services exports, duty-free access to 99% of India’s goods, and enhanced mobility for professionals. It aims to double bilateral trade to $100 billion by 2030 while safeguarding core sectors

Andhra Pradesh CM N. Chandrababu Naidu began a five-day visit to Singapore to attract investments, promote global employment, and strengthen Telugu diaspora ties. His itinerary includes 29 programs focusing on infrastructure, IT, fintech, ports, urban development, and strategic collaborations for Andhra Pradesh's growth

The Centre clarified in Parliament that it is not considering GST on UPI transactions over ₹2,000. Karnataka’s GST notices to traders were issued by the state’s Commercial Tax Department, not the Centre, Minister Pralhad Joshi asserted, accusing the state of misleading the public

A strategic blueprint to build India’s consulting champions — through fairer procurement rules and structural support — to take on global giants

The NSDL IPO, opening July 30, will deliver massive gains to early investors like SBI, NSE, and IDBI, with returns of up to 39,900%. However, retail investors who bought shares at unlisted market prices may face disappointment as the price band is lower

The agreement promises duty-free access, boosting exports of shrimp, frozen fish, and value-added products

Commerce Minister Piyush Goyal criticised UPA-era trade deals and confirmed ongoing talks with the EU, US, and other nations

India is eager to finalise a trade agreement with the US to access bigger export markets, says Finance Commission chief Arvind Panagariya. Talks also continue with the EU for an FTA, as global tariff changes reshape trade dynamics

On June 30, a massive explosion took place at Sigachi’s factory in Pashamylaram near Hyderabad, claiming multiple lives and causing significant damage to the facility

Mahindra launched its new XUV 3XO REVX models in Hyderabad

India and Maldives signed multiple MoUs and agreed on FTA Terms of Reference during PM Modi’s visit to Male. Key agreements include digital payments via UPI, Rs 4,850 crore Line of Credit, and partnerships in aquaculture, pharma, and meteorology

Aiming for a final deal by end-2025, an interim agreement is being explored as talks progress, with the next round scheduled for September

The Centre told Parliament there are no reports of cost escalations or project delays from industries in Maharashtra, including its key auto and electronics clusters

India-UK FTA aims to boost exports, jobs and global competitiveness for Indian products and services