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Union Finance Minister Nirmala Sitaraman. File | Photo Credit: Jothi Ramalingam B. The government proposes to introduce a Bill to raise foreign direct investment (FDI) in the insurance sector to 100% in the upcoming Winter Session of Parliament. The Winter session of Parliament is slated to begin on December 1 and continue till December 19….
While the Centre’s decision to put into effect the four Labour Codes has been welcomed across the board, industry bodies and labour experts have said the government must now turn its attention to the implementational challenges. Such challenges include the burden these new laws will place on smaller enterprises and the services sector, the problems…
Read More “Labour experts welcome labour codes, but urge Govt to address likely teething issues” »
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Image used for representation purpose only. | Photo Credit: Reuters India’s merchandise exports fell 11.8% year-on-year, since August 2024, to $34.38 billion in October, CRISIL (formerly Credit Rating Information Services of India Limited) said in its report. The decline in exports was broad-based across petroleum products, gems and jewellery and core sectors. Petroleum products exports…
According to the judgement dated November 20, 2025, the Delaware Bankruptcy Court found that Mr. Raveendran failed to comply with its discovery order and continued to be evasive on several occasion. A U.S. court has issued default judgement making Byju Raveendran liable to personally pay back over $1 billion based on the petition filed by…
Read More “U.S. court orders Byju to pay over $1 billion on petition of BYJU’s Alpha, GLAS Trust” »
Natco Pharma’s active pharmaceutical ingredients unit in Chennai has received seven observations from the U.S. Food and Drug Administration. The U.S. FDA had conducted an inspection at the API manufacturing plant in Manali, Chennai, from November 17-21. On conclusion, of the inspection, the company received seven observations in the Form-483, the generic drugmaker said on…
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The airline currently has 4,800 pilots on its rolls. It has lost pilots in single digits to rivals in Saudi Arabia, where the brand new full service carrier Riyadh Air started flight operations last month. | Photo Credit: AMR ABDALLAH DALSH Dubai-based Emirates airline will recruit pilots in “three digits” in the financial year starting…
The proposed UPI–TIPS interlinkage will facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions, the RBI said. Photo: X/@UPI_NPCI Reserve Bank of India (RBI) and NPCI International Payments Ltd (NIPL) on one hand and European Central Bank on the other, to connect Unified Payments Interface (UPI)…
Read More “RBI, European Central Bank agree to start realisation phase for UPI–TIPS link” »
The rupee saw the steepest single-day fall in over three months, breaching 89-a-dollar-mark for the first time and closed the session 93 paise lower at 89.61 (provisional) against the greenback on Friday (November 21, 2025), amid negative cues from domestic as well as global equity markets triggered by trade-related uncertainties. Forex analysts attributed the sharp…
Read More “Rupee sinks 93 paise to end at all-time low of 89.61 a dollar” »