VinFast Asia CEO Pham Sanh Chau VinFast, the electric vehicle arm of Vietnam’s Vingroup, is preparing a bold entry into the Indian market- setting the stage for direct competition with Tesla. With bookings for its vehicles scheduled to open this month, VinFast is banking on its VF7 and VF6 models to establish itself as a…
Image used for representative purposes British Airways, operating for over a century in India, is set to expand its routes and flight frequencies, while also capitalising on cargo opportunities emerging from the proposed India-UK free trade agreement (FTA), according to Chairman and CEO Sean Doyle.The airline currently operates 56 weekly flights across five Indian cities-…
Reserve Bank of India’s (RBI) NEW DELHI: The Reserve Bank of India (RBI) imposed penalties totalling Rs 54.78 crore on regulated entities (REs) during the fiscal year ending March 31, 2025, for contraventions and non-compliance with statutory provisions and regulatory directions.According to the RBI’s Annual Report for 2024-25, released on Thursday, the central bank undertook…
LONDON: Britain will invest £1.5 billion ($2 billion) in new weapons factories to ramp up defence production capacity, the government said on Saturday, ahead of a major review of its armed forces and military strategy.The Strategic Defence Review, due to be published Monday, will assess the threats facing the UK amid Russia’s ongoing war in…
NEW DELHI: The Mumbai consumer commission has directed Flynas, a Saudi-based budget airline, to pay over Rs 1.25 lakh in compensation to a passenger for losing her baggage.The commission termed the airline’s conduct as “mala fide negligence” and said it had “purposely avoided all the logical actions to find the lost bag,” as stated in…
The annual quota for EB-5 vias is restricted, with India allocated roughly 700 visas. (AI image) US President Donald Trump’s mounting restrictions on student visas, has many Indians presently in the US and prospective college applicants considering the EB-5 visa route. This visa scheme offers a route to permanent residency or Green Card for foreign…
NEW DELHI: India is set to witness a sharp rise in demand for Artificial Intelligence (AI) professionals, with reports projecting a need for one million skilled workers by 2026.As the nation aims to become a $23–35 trillion economy by 2047, higher education—especially in engineering—is being reshaped to keep pace with the fast-changing job market driven…
Representative image (Picture credit: AP) NEW DELHI: Doubling of import duty on steel and aluminium by the Trump administration will dent export demand, with companies having to scout for alternative markets.Several US importers have gone slow on fresh orders as costs went up significantly after the imposition of 25 per cent duty, although India was…
Communications minister Jyotiraditya Scindia said government has no plans to provide any relief on the AGR (adjusted gross revenue) front to telecom companies after the Supreme Court struck down their plea for a waiver of interest and penalty. In an interview with TOI, the minister also made it clear that beleaguered Vodafone Idea will not…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday said India is sustaining its GDP growth momentum as the fastest-growing economy for the fourth year in a row, aided by manufacturing, services, and farm sectors.“India is sustaining growth and it is the fastest-growing economy now for the fourth year continuously, thanks to…
