BUSINESS
UK High Court Denies Nirav Modi Bail Again, Citing Massive PNB Fraud
The ruling, made on Thursday, came after a thorough hearing that considered the defense's arguments along with the prosecution's counterarguments—on behalf of the Indian government—and took on board written submissions from the ED.
EaseMyTrip Founder Claims Half of MakeMyTrip's Directors Have Chinese Ties, Citing National Security Risks
"Five of the 10 directors on MakeMyTrip's board have direct connections to China, including key appointments by Trip.com, which is Chinese-owned," Pitti said on Friday, alleging the structure of the board could potentially undermine strategic decision-making.".
Celebi Shares Plunge 10% Following India's Revocation of Security Clearance
The stock fell by 222 points to 2,002, adding to its losses to the tune of almost 30% in the last four sessions. The company had been under increasing pressure as calls grew for action against its Indian operations.
India-UK FTA to Drive 15% Annual Growth in Bilateral Trade Through 2030
The just-finished India-UK FTA presents a strategic chance for Indian industries to further their presence in the UK market, boost domestic manufacturing, and generate overall economic growth, noted the CareEdge Ratings report.
Japan Faces Economic Setback with 0.7% GDP Drop Ahead of U.S. Tariffs
The latest government figures, released Friday, point to increasing vulnerability in Japan’s economic recovery as global trade tensions, particularly those driven by U.S. President Donald Trump's tariff initiatives, continue to loom.
US-China Tariff Reductions Offer Limited Relief; Indian Exporters See Continued Opportunities Amid High Duties
This situation, in a statement made on Thursday, opens a favorable window for Indian exporters to deepen their footprint in overseas markets, particularly as India continues to enhance its manufacturing base and global competitiveness.
UK Court Denies Bail to Fugitive Diamond Tycoon Nirav Modi
His bail petition was firmly opposed by the Crown Prosecution Service, supported by a well-prepared Central Bureau of Investigation (CBI) team. The CBI had deployed officers in London specifically to present their case at the hearing.
UN Highlights India as World’s Fastest-Growing Economy Amid Global Uncertainty
Although there was a slight downward revision from the previous estimate of 6.6% in January, India's economic pace is firm, driven mainly by home-grown consumption and government-sponsored investment, stated Ingo Pitterle, Senior Economic Affairs Officer at the UN, on Thursday.
India Withdraws Security Clearance for Turkey’s Celebi Airport Services
The Ministry of Civil Aviation also issued a proper notification announcing the decision: "In exercise of power vested with DG, BCAS, security clearance in Celebi Airport Services India Pvt Ltd is hereby withdrawn with immediate effect in the interest of National Security."
India Emerges as Apple's Strongest Contender to Replace China in Supply Chain
Sources close to the situation indicated that the America-based technology giant remains committed to its investment strategy and views India as a crucial component of its production drive.
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