The Tea Board has called on the industry to adopt food safety standards more effectively, saying compliance will be critical for long-term sustainability and competitiveness in both domestic and global markets.Releasing its new Plant Protection Code (PPC), the Board said adherence to food safety norms would not only protect the plantation ecosystem but also ensure…
In a major policy shift aimed at unlocking India’s vast marine wealth, the Centre has notified new rules for deep-sea fishing in the country’s Exclusive Economic Zone (EEZ) — prioritising fishermen cooperatives, small-scale fishers, and digital transparency, while banning foreign vessels from Indian waters.The rules, notified on November 4, fulfil the government’s Budget 2025-26 promise…
Markets regulator Sebi has warned investors against putting money into digital or e-gold products, cautioning that such instruments fall outside its regulatory framework and carry significant risks, PTI reported.The advisory follows Sebi’s observation that several online platforms have been promoting “digital gold” or “e-gold” as a convenient alternative to physical gold, without disclosing that these…
India and Australia have reaffirmed their commitment to conclude the second phase of their Comprehensive Economic Cooperation Agreement (CECA) at the earliest, as Commerce and Industry Minister Piyush Goyal held talks with his Australian counterpart Don Farrell to review the progress of negotiations, PTI reported.According to an official statement, both sides agreed to work “constructively…
In this CXO Connect conversation with Prasad Sanyal, beauty pioneer Dr Blossom Kochhar looks back at four decades of building India’s aromatherapy movement—from hand-blending creams on her kitchen table to shaping the country’s wellness education ecosystem. When your name is Blossom, destiny doesn’t really do nuance. It arrives in full bloom. Her father, a coffee…
Gold prices extended their decline for the third straight week, pressured by a stronger US dollar and cautious remarks from Federal Reserve officials that curbed investor appetite for safe-haven assets, analysts said.The sustained firmness in the greenback and the US central bank’s wait-and-watch stance have kept bullion trading in a narrow range through the holiday-shortened…
Pfizer is poised to acquire US-based biotechnology firm Metsera in a $10 billion deal, after winning a heated bidding battle against Danish drugmaker Novo Nordisk, which has now withdrawn from the race, AFP reported.Metsera, which specialises in obesity treatments, said in a statement that Pfizer’s improved offer of $86.25 per share had been unanimously approved…
Several startups from Singapore and Canada have expressed interest in expanding into India, drawn by its vast consumer base, rapid economic growth, and increasingly supportive startup ecosystem.The companies shared their plans during interactions with PTI on the sidelines of EPIC 2025, a global pitch competition organised by the Hong Kong Science and Technology Parks Corporation…
Representative image (Picture credit: ANI) India’s data centre industry is on track for a major expansion, with total capacity projected to jump five times to 8GW by 2030, according to a sectoral report by Jefferies. The growth is expected to be driven by the surge in data consumption, rapid cloud adoption, regulatory data localisation rules,…
Indian restaurants in New York City, which have recently outshone their London counterparts and become favourites among Wall Street executives, are now facing mounting pressure from higher import costs after US President Donald Trump’s tariff moves.On July 31, Trump doubled tariffs on most Indian exports to 50%, a measure that took effect on August 27….
File photo: Union minister Piyush Goyal with New Zealand’s minister for trade Todd McClay (Picture credit: X/@PiyushGoyal) The fourth round of negotiations on the proposed India–New Zealand Free Trade Agreement (FTA) concluded successfully in Auckland and Rotorua after five days of discussions, according to a press release from the ministry of commerce and industry. Both…
File photo: State Bank of India Chairman CS Setty (Picture credit: ANI) State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims…
Mobile users will soon start seeing the names of unknown callers displayed on their phone screens, as telecom operators have begun testing the Calling Name Presentation (CNAP) service in Haryana and Himachal Pradesh. The feature aims to help users identify callers more easily and curb the rising number of spam and scam calls across the…
Representative image (Picture credit: AP) The Nasdaq Composite ended slightly lower on Friday but posted its sharpest weekly loss since early April, as investors questioned how long the artificial intelligence boom could sustain recent market highs. The index slipped 0.21% to 23,004.54, bringing its total weekly fall to around 3%, while chipmakers and technology shares…
More than 1,000 flights were cancelled across the United States on Friday after the Trump administration ordered reductions to ease strain on air traffic controllers working without pay amid a federal govt shutdown. Forty airports were slated for cuts, including major hubs in Atlanta, Newark, Denver, Chicago, Houston and Los Angeles.The flight reductions took effect…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has directed the justice department to investigate major meatpacking companies for alleged collusion and price manipulation amid record-high beef prices. In a post on Truth Social, Trump accused meat firms of “driving up the price of beef through illicit collusion, price fixing,…
Indian Railways launches four new Vande Bharat Express trains Four new Vande Bharat Express trains! Prime Minister Narendra Modi will on Saturday flag off four new Vande Bharat Express trains on important Indian Railways’ routes. Vande Bharat Express trains have become the face of new age railway travel in India, with an aim to offer…
RBI Governor Sanjay Malhotra addresses the 12th SBI Banking Economics Conclave, in Mumbai on Friday. (ANI) MUMBAI: Indian banks are now much bigger and stronger than they were a decade ago and the economy more resilient, which has emboldened the RBI to remove various restrictions, allowing banks greater exposure to capital market risks and to…
MUMBAI: RBI deputy governor T Rabi Sankar said the fight against digital fraud is far from over, noting that the decline seen earlier this year reversed in July, with cases rising again.He said fraud levels had been falling since the start of the year before showing an uptick mid-year, suggesting that such trends may be…
MUMBAI: The World Bank and IMF, in their latest Financial Sector Assessment Program (FSAP) reports on India, said the country’s financial system has become more resilient, diversified, and inclusive since the previous assessment in 2017. The World Bank released its Financial Sector Assessment (FSA) report on Oct 30 while the IMF published its Financial System…
