Business

In a landmark move towards sustainable energy, Reliance Power has partnered with Bhutan’s Druk Holding and Investments Ltd (DHI) to develop the country’s largest solar power project. Valued at ₹2,000 crore, the initiative aims to harness 500 megawatts (MW) of solar energy, marking a significant step in Bhutan’s renewable energy journey. This collaboration underscores the…

India and the United Kingdom have recently concluded a landmark Free Trade Agreement (FTA) that is set to reshape the whisky landscape in India. The deal, hailed as a “once-in-a-generation” opportunity by industry leaders, promises to significantly reduce the import duties on Scotch whisky, making premium brands more accessible to Indian consumers and opening new…

India’s smartphone exports have experienced a remarkable surge, becoming the country’s top export item, surpassing traditional leaders like petroleum products and diamonds. This shift underscores a significant transformation in India’s export profile, highlighting the growing importance of its electronics manufacturing sector. The development marks a major milestone for the country’s ‘Make in India’ initiative, which…

In a significant diplomatic move, India has imposed restrictions on Bangladeshi exports to its north-eastern states, citing concerns over recent statements and actions by Bangladesh’s interim government. This decision underscores the delicate balance of regional politics and the impact of diplomatic rhetoric on bilateral trade relations. Backdrop of Rising Tensions The catalyst for India’s decision…

India and the United Kingdom have finalized a landmark Free Trade Agreement (FTA) after nearly three and a half years of negotiations, aiming to double bilateral trade from $60 billion to $120 billion by 2030. This ambitious pact is poised to significantly boost manufacturing, exports, and job creation in both nations. Tariff Reductions and Market…

India’s merchandise exports have reached new heights in the fiscal year 2024-25, totalling $437.42 billion, as reported by the Ministry of Commerce & Industry. This marks a significant milestone in the country’s trade performance, reflecting a 5.5% increase over the previous fiscal year’s $778.13 billion. The growth is attributed to a diverse range of sectors,…

A Strategic Blockchain Partnership In a significant development in the world of cryptocurrency, Pakistan has entered into a partnership with World Liberty Financial (WLF), a decentralized finance (DeFi) firm in which the Trump family holds a 60% stake. This collaboration aims to advance block chain technology, stable coin adoption, and DeFi integration across Pakistan. The…

A Fresh Start in U.S.-China Relations In a significant diplomatic development, U.S. President Donald Trump announced on May 10, 2025, that the United States and China have achieved a “total reset” in their bilateral relations following high-level trade talks in Geneva. The discussions, which lasted approximately eight hours, were described by Trump as “friendly and…

Background of the Deal Sumitomo Mitsui Banking Corporation (SMBC), a prominent Japanese financial institution, is in advanced negotiations to acquire a 51% controlling stake in India’s Yes Bank. This move is part of a broader strategy by foreign banks to tap into India’s burgeoning banking sector, which is characterized by rapid growth and increasing demand…

Background of the Dispute India has expressed strong reservations regarding the United Kingdom’s proposed Carbon Border Adjustment Mechanism (CBAM), which aims to impose tariffs on imports based on their carbon emissions. A senior Indian government official has stated that if the UK’s carbon tax adversely affects Indian exports, India reserves the right to respond. This…