BUSINESS
CBI Conducts Raids at Anil Ambani-Linked Properties Following ED Action in ₹2,000 Crore Bank Fraud Case
The operations, which were conducted at several locations in Mumbai, were found to be connected with an on-going alleged scam that reportedly caused losses of over Rs 2,000 crore to State Bank of India (SBI), sources added.
Send your engineers back to China immediately: Foxconn instructed ahead of iPhone 17 launch
Quoting sources close to the issue, the report observes that Beijing reportedly instructed Foxconn chairman Young Liu to prepare a detailed report of the investments made by the company in India. The move comes at a time when Apple's iPhone 17 series is set to be launched in September 2025.
Japan to Boost Investment in India, Raising Target to $68 Billion
Indian Prime Minister Narendra Modi and Japanese Prime Minister Shigeru Ishiba are likely to make the new target official at their meeting in Tokyo on August 29, Japan's The Asahi Shimbun report said. The action follows Japan's existing goal of investing 5 trillion yen in five years, initially announced in March 2022 by then-Prime Minister Fumio Kishida during his India visit.
India’s Private Sector Shows Acceleration in August Performance
The HSBC Flash India Composite Output Index rose to 65.2 in August from 61.1 in July, the report added. The index measures joint activity in both the manufacturing and services sectors.
Indian Exports to China Surge 20% in Q1 Amid Improving Relations
The exports cumulatively amounted to $5.76 billion during the first four months, a 20% gain from $4.80 billion in the same period in 2024-25. The growth has been led mostly by energy, electronics, and farm products, and is hoped to help offset losses due to US tariffs to some extent.
GoM Endorses 2-Slab GST Framework; Final Call Awaited at Next Council Meeting
The suggestion, made to the six-member group led by Bihar Deputy Chief Minister Samrat Choudhary, proposes consolidating the existing four-tier system of 5, 12, 18, and 28 percent into two main slabs.
India’s Retail Market to Surge to $1.93 Trillion by 2030: Report
The report also points out that shifting trade patterns, new Free Trade Agreements (FTAs), and tariff changes are enhancing the competitiveness of Indian exports.
India Keeps Importing Russian Oil, Says First Deputy PM Manturo
"We continue to export fuel, including crude oil and oil products, thermal and coking coal. We also see prospects for exporting Russian LNG," Manturov said while co-chairing the 26th session of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific-Technological and Cultural Cooperation (IRIGC-TEC).
HAL Secures Rs 62,000-Crore Tejas Fighter Jet Order, Stock Surges
"We would like to inform that, as intimated by the Ministry of Defence, Cabinet Committee of Security (CCS) on August 19, 2025 has cleared the proposal for acquisition of 97 Light Combat Aircraft Mk-1A along with related equipment by the Ministry of Defence, for Indian Air Force from the Company," HAL said in an NSE filing.
Nomura Maintains India’s FY26 Growth Forecast at 6.2% Following GST Rate Rationalisation
The Japanese financial services company's forecast comes amid the government working towards a much-anticipated revamp of the Goods and Services Tax (GST) structure.
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