Business

The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…

UAE raises minimum wages: What are the new Dubai salaries for workers in different sectors? Dubai and the wider United Arab Emirates are advancing a major shift in private-sector compensation norms with a new minimum wage policy for Emirati workers as a part of the broader efforts to strengthen labour standards and boost Emiratisation. Although…

Remember Labubus, the furry dolls with oversized eyes and a mischievous grin that took the internet by storm in 2025? They are back in the headlines, but this time for all the wrong reasons. A labour rights NGO has revealed exploitative practices at one of the factories producing these quirky dolls, part of the popular…

Even as global economic uncertainity drags down trade, Indian pharmaceutical exporters are seeing growth in Brazil and Nigeria as both countries are emerging as important overseas markets. Data by the commerce ministry data shows that Nigeria has been a major driver of this shift. During the first eight months of the current financial year, exports…

Foreign portfolio investors (FPIs) have pulled out more than Rs 22,530 crore ($2.5 billion) from Indian equities so far this month, continuing a trend of heavy selling that began last year. Back in 2025, FPIs recorded an outflow of Rs 1.66 lakh crore ($18.9 billion), driven by currency volatility, global trade tensions, potential US tariffs,…

Spent a fortune on a coffee machine and those exotic beans to replicate that cappuccino you loved overseas? You are not alone. For many rich Indians, the coffee machine on the kitchen counter is no longer just for making a drink, rather it has become a lifestyle statement, as more people are trying to bring…

NEW DELHI: The Budget is not just an economic document or an annual statement of accounts of the central government – it’s the road map that sets the tone and direction of economic reforms and growth. It also signals policy direction to citizens, businesses and investors, shaping confidence and long-term economic outcomes. Over the last…

Prime Minister Narendra Modi flagged off two new Amrit Bharat Express trains in Assam on Sunday, marking another major step in expanding India’s long-distance rail network aimed at improving travel experience and connectivity for the common man. The newest Amrit Bharat trains are: Dibrugarh–Gomtinagar Amrit Bharat train and Kamakhya–Rohtak Amrit Bharat Express.Apart from these, PM…

Google has filed a notice to appeal a US federal court ruling that held it guilty of maintaining an illegal monopoly in online search, according to court records, AFP reported.A US district judge had ruled in 2024 that the internet major monopolised search and text advertising by using exclusive distribution agreements that made it the…

European leaders have pushed back against US President Donald Trump’s latest tariff threat, warning that using trade penalties in connection with Greenland is “wrong” and could damage transatlantic ties.Trump, on Saturday, announced a 10% tariff on all goods entering the United States from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland,…