BUSINESS
Infosys to Acquire 75% Stake in Telstra Unit for $153 Million
Infosys said Versent Group provides cloud services to Australian customers in verticals like finance, energy, utilities, government, and education.
‘Europeans Need to Join Us’: US Warns India of Higher Secondary Tariffs Over Russian Oil Purchases
U.S. Treasury Secretary Scott Bessent stated on Bloomberg TV that he was encouraging European allies to join Washington in its message and that it was time to expand sanctions to include not only China, but any other nation buying Russian energy. He hinted at some amount of flexibility by saying sanctions “can go up” or “can be loosened” depending on the results of a scheduled meeting in Alaska Friday between U.S. President Donald Trump and Russian President Vladimir Putin.
Rural Demand Stays Strong in India for April-June, Outlook Remains Positive: Report
NielsenIQ, a global research company, said rural markets and small manufacturers were major drivers of growth in the packaged consumer goods category during Q2 2025.
Bitcoin Hits All-Time High Amid Hopes of US Fed Rate Cut
Prolonged optimism among investors has been fueled further by benevolent financial reforms spearheaded by US President Donald Trump, whose government has been a vociferous supporter of cryptocurrencies.
IKEA India Launches First Delhi Store at Pacific Mall, Featuring 15,000 sq ft and 2,000 Products
The launch with this store marks the intent of IKEA India to strengthen its foothold in India's retail space by projecting accessibility, affordability, and localisation.
Chief Economic Advisor: Indian Economy Not Slowing; Too Early to Gauge Tariff Impact on GDP
He pointed out that high-frequency indicators show that the overall economic activity in the country continues uninterrupted.
Lok Sabha Passes Income Tax Bill 2025: Key Changes You Should Know
When passed into law, this bill will replace the Income Tax Act 63 years old with a contemporary legal framework that is more representative of today's economic realities.
Indian Rupee Rises Against US Dollar Amid Ongoing Tariff Worries
Hope that negotiations between the US and Russia on August 15 may open the door for the resolution of the Russia-Ukraine war—and even lead to the cancellation of these extra tariffs—lifted sentiment.
US Tariff on India 'Unfair and Unworkable' as Europe Leads in Russian Energy Imports: Report
The Telegraph pointed out the outrage in India, stating, "It's not only Trump's hypocrisy that has the Indians in outrage mode – it's the injustice of being penalized for violating no law. Russian oil sales are not sanctioned by the EU or US, but they are subject to a price cap intended to maintain world oil supply stable while restricting the gains for the Kremlin."
India’s Stand Against US Economic Coercion Sends Strong Message to Developing Nations: Report
India's take-stand attitude points to its commitment towards economic sovereignty at the cost of short-term economic benefits.
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