New Delhi will immediately cut import duty on luxury cars to 30% from as high as 110% under the India-EU FTA, an official said, opening the tightly controlled market to the likes of Mercedes-Benz to BMW and Volkswagen AG’s Audi. The Mercedes-Benz logo is pictured on the hood of a car. (Unsplash) While India has […]
Jeet Adani, Director, Adani Defence & Aerospace Adani Group’s tie-up with Brazilian aerospace major Embraer is a step towards positioning the industrial conglomerate as a one-stop shop for the aviation sector, Jeet Adani, Director, Adani Defence & Aerospace, told businessline. In an exclusive interaction, Jeet Adani said the memorandum of understanding with Embraer is aimed […]
India has opened up its nuclear sector to private companies, thanks to a new law passed in December — a significant boost to its ambition to build 100 gigawatts of nuclear capacity by 2047, the year India aims to attain developed-nation status. India is set to order a third fleet of locally designed reactors as […]
KA Shabir, CEO, Funskool India | Photo Credit: BIJOY GHOSH The Indian toys sector, which has been heavily dependent on the US market for exports and was seeing strain after the US tariffs, sees the India-EU trade agreement as a positive development. “With tariffs on toys reducing from around 5 per cent to zero, Indian […]
Adani Group and Brazil’s Embraer SA are partnering for a regional transport aircraft venture in India, marking the foray of the conglomerate that’s already the largest airport operator in the country. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad. (REUTERS) The partnership covers […]
Fabrice Cambolive (left), Chief Growth Officer, Renault Group and CEO, Renault brand, and Stephane Deblaise, CEO, Renault Group India at the launch of the new Renault Duster, in Chennai on Monday Renault India, a wholly-owned subsidiary of the French auto major Renault Group, on Monday unveiled the new Renault Duster, marking the return of a […]
The European Union and India will explore possibilities for India’s participation in European defence initiatives, according to a draft security and defence partnership document seen by Reuters. “The EU and India will consult on their respective defence initiatives, including through exchanges on defence industry-related matters,” the draft partnership, which is set to be signed on […]
The United Arab Emirates (UAE) stunned Pakistan by scrapping its plan to operate Islamabad International Airport, just days after President Sheikh Mohammed bin Zayed Al Nahyan’s surprise visit to India. The project had been under discussion since August 2025 but fell through after Abu Dhabi failed to find a local partner and reportedly lost interest. […]
The Reserve Bank of India’s holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US dollar and diversify its forex reserves, joining a broader shift by some major economies out of the world’s biggest bond market. A man walks past a logo of the Reserve […]