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business

Global CEOs double down on India amid revival in demand

A dozen multinational leaders, including those at Apple, Coca‑Cola, Unilever and PepsiCo, plan deeper investments as India emerges as a key growth engine after a slowdown.

India-UK Free Trade Agreement

UK luxury cars set to get cheaper in India under landmark trade pact

India-UK FTA slashes import duties on British-made ICE and EV vehicles, opens door for high-end carmakers as tariffs fall to as low as 10% over 15 years.

Anil Ambani

ED raids Anil Ambani-linked firms in Mumbai after SBI tags him and RCom ‘fraud’

Searches target suspected ₹3,000 crore loan diversion as probe widened to Yes Bank, Reliance Home Finance.

Karnataka traders halt tea, coffee and milk sales to protest GST notices

Karnataka traders suspend tea, coffee and milk sales and don black badges to protest GST notices based on UPI data. CM Siddaramaiah calls meeting amid cash-only shift.

Former ICICI Bank CEO Chanda Kochhar found guilty of ₹64 crore bribe in Videocon loan case

An appellate tribunal has found former ICICI Bank CEO Chanda Kochhar guilty of accepting a ₹64 crore bribe for sanctioning a ₹300 crore Videocon loan, reversing a 2020 clean‑chit and reinstating ED asset attachment.

PMO green‑lights major GST overhaul, Council meeting in August to mull sweeping reforms

The Prime Minister’s Office has approved a comprehensive revamp of India’s GST framework—including slab rationalisation and compliance simplification—as the finance ministry prepares state consultations ahead of the August GST Council meet.

Tesla opens first India showroom in Mumbai with Model Y priced from ₹60 lakh

Heavy import duties mean the Model Y starts at ₹59.9 lakh (ex-showroom), with deliveries expected in Q3 2025 as Tesla tests the luxury EV market before committing to local production.