In his address at the IIC-Bruegel annual seminar, External Affairs Minister S. Jaishankar emphasized the growing importance of a strong and strategic relationship between India and the European Union, particularly in a world that is increasingly volatile and uncertain. He noted that amidst the ongoing geopolitical challenges, including global conflicts and regional instability, fostering a closer India-EU partnership could play a key role in stabilizing global dynamics. Jaishankar point

The Union Budget 2025 introduced a significant revision to the income tax exemption limit, raising it to ₹12 lakh. This change has sparked expectations of increased consumer spending, particularly in sectors such as automobiles and fast-moving consumer goods. With more disposable income available to middle-class taxpayers, the automotive industry is poised to see shifts in demand, with varying effects across vehicle segments. Analysts believe that while this tax policy revision may drive ov

On February 4, Indian stock markets experienced a strong rally as the Sensex and Nifty surged following positive global cues and optimism surrounding a potential rate cut by the Reserve Bank of India. The Sensex opened at 77,687.60 and gained over 700 points to reach 77,952, while the Nifty 50 opened at 23,509.90 and rose nearly 1% to 23,582. Mid-cap and small-cap stocks also posted gains, contributing to an overall bullish sentiment in the market. Investor confidence was boost

A total of 205 Indian nationals who had illegally entered the United States were deported aboard a US military C-17 aircraft, which took off from Texas. Each deportee’s nationality was verified, signaling New Delhi’s involvement in the process. This is likely the first of many such deportations as part of a broader effort to address illegal immigration. The aircraft, typically equipped for larger transports, can accommodate up to 205 passengers, though it only has one toilet unles

The Reserve Bank of India (RBI) is inviting applications for the position of Medical Consultant (MC) on a contract basis. This is an excellent opportunity for qualified medical professionals to work with RBI. The last date to apply is February 14, 2025, at 4:40 pm.   Vacancy Details: The recruitment is for medical professionals with an MBBS degree, with a preference for those having postgraduate qualifications in General Medicine and at least two years o

The Indian badminton contingent, featuring top players such as PV Sindhu and Lakshya Sen, is gearing up for the 2023 Badminton Asia Mixed Team Championships. To help sharpen their skills ahead of the prestigious competition, they will take part in a five-day preparatory camp, starting Tuesday in Guwahati. The team is determined to surpass their previous bronze medal finish from the 2023 event and aim for an improved result in the championships set to take place in Qingdao, China, from Februar

In a sharp address to the Lok Sabha, Congress MP Rahul Gandhi criticized Prime Minister Narendra Modi’s flagship ‘Make-in-India’ initiative, claiming it failed to address India’s growing unemployment crisis and the country’s manufacturing sector’s decline. Gandhi pointed out that despite the initiative’s good concept, its implementation had been ineffective. He highlighted that the share of manufacturing in India’s GDP had decreased from 15.3% i

Volkswagen has filed a lawsuit against Indian authorities, contesting a $1.4 billion tax demand that the company describes as "impossibly enormous" and in violation of India’s import tax regulations. The dispute centers around the classification of car imports, with Indian officials accusing Volkswagen of misclassifying imports to avoid higher customs duties. In particular, Volkswagen allegedly broke down nearly complete vehicles into individual parts, which are subject to low

Summary: Indian stock market saw a sharp decline: Sensex fell over 700 points, Nifty down nearly 300 points. Decline triggered by global factors, including new US tariffs on Mexico, Canada, and China. Foreign investor selling pressure continues, with FPIs pulling out significant funds from Indian markets. Rupee hits a record low of Rs 87.07 against the US dollar. Despite post-Budget relief for some sectors, overall

India’s emphatic 4-1 series win over England was a testament to their aggressive, fearless brand of cricket, with head coach Gautam Gambhir praising his players for adopting a high-risk, high-reward approach. Gambhir emphasized the team's intention to regularly post 250-plus scores in T20Is, recognizing that such an aggressive strategy would occasionally lead to lower totals but ultimately set them up for greater rewards in the long run. India’s mindset to keep attacking, rega

India wrapped up the T20I series with a resounding 150-run victory over England at Wankhede, securing an emphatic 4-1 series win. The final match saw an explosive performance by Abhishek Sharma, whose fiery 135(54) propelled India to an imposing total of 247/9. England's response was lackluster, folding for just 97 in 11 overs against a sharp bowling display from the hosts. This comfortable win came after a tense series, where emotions ran high, and heated remarks were exchanged between t

On Monday, the Indian rupee plunged by 67 paise to hit a record low of 87.29 against the US dollar. This sharp depreciation came in the wake of US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China, sparking fears of a global trade war. Trump’s tariffs—25% on Canada and Mexico, and 10% on China—sent shockwaves through the financial markets. As the US dollar gained strength amid risk aversion, the rupee faced mounting pressure due to sustaine

In a heartbreaking incident in southern Ireland, two Indian students were killed, and two others were seriously injured after their car crashed into a tree in County Carlow. The two deceased, Cherekuri Suresh Chowdary and Chithoori Bhargav, both in their 20s, were pronounced dead at the scene. The accident occurred on Friday, when the black Audi A6 they were traveling in veered off the road at Graiguenaspiddoge, near Mount Leinster. The students, part of the Indian community in Carlow, had re

India’s U19 Women’s cricket team triumphed in the final of the T20 World Cup, defeating South Africa by 9 wickets to win their second consecutive title. Playing in Kuala Lumpur on Sunday, India showcased an outstanding all-round performance. South Africa, batting first, were bowled out for a mere 82 runs in 20 overs, thanks to disciplined bowling from the Indian team.   The bowlers made an immediate impact, taking back-to-back wickets early, which set the

India's strong performance in the ICC Women's U19 T20 World Cup semifinal saw them defeat England by 9 wickets, with G Kamalini scoring a match-winning 56* off 50 balls. India successfully chased down England's total of 113/8 in just 15 overs. Spinners shine for India: The standout performers for India were left-arm spinners Parunika Sisodia and Vaishnavi Sharma

Projected Economic Growth India’s economy is expected to grow between 6.3% to 6.8% in the financial year 2025-26 (FY26). This forecast comes from the Economic Survey 2024-25 presented by Finance Minister Nirmala Sitharaman in Parliament. Economic Fundamentals The survey highlights that the

Apple has confirmed that its highly anticipated AI-powered suite, Apple Intelligence, will be launching in India in April 2025. This new suite marks a significant step forward for Apple’s AI capabilities in India, which until now were limited to a few features like the Clean Up tool. In a recent earnings call, CEO Tim Cook revealed that the rollout will support multiple languages, including localized English for India, bringing features like Writing Tools, Smart Reply, and ChatGPT integ

With the Union Budget 2025 just around the corner, India’s stock market is experiencing increased volatility. The India VIX, a key indicator of market fluctuations, surged by over 5% leading up to Budget day. Historically, the market has shown a mix of both gains and losses on the day of the Budget announcement and in the lead-up to it. The benchmark NSE Nifty 50 index has seen varying movements, with large swings in previous years, making it difficult to predict the immediate market re

Ahead of their Davis Cup 2025 World Group I Playoff tie against Togo, Team India has made extensive preparations, ensuring that the squad is well-acclimatized and sharp for the upcoming matches at the DLTA Complex in New Delhi. The team, led by Captain Rohit Rajpal, consists of seasoned players like N Sriram Balaji, Ramkumar Ramanathan, and Mukund Sasikumar, alongside debutants Rithvik Bollipalli and Karan Singh. Captain Rajpal emphasized the importance of team cohesion and getting used to th

In a tragic incident on Thursday morning, three workers are feared dead, and nearly 30 others have been injured after a roof slab collapsed at an under-construction cement factory in Panna district, Madhya Pradesh. The roof slab was being laid as part of the construction work at the JK Cement plant when it suddenly gave way, trapping more than 50 workers under the debris. Panna's superintendent of p