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Trump India Tariffs Impact: US 50% tariffs on Indian exports take effect tomorrow, targeting textiles, seafood, gems, jewellery, and leather. Analysts warn the move could threaten millions of jobs and shave 0.5% off India's GDP. Back in his first term, Donald Trump had first called India as the "tariff king." Now, in his second stint in the White House, he has repeated that often and is now bringing the 50 per cent tariff hit for New Delhi. The order, Executive Order 14329, links the penalty to ...Read More >
Mumbai, Aug 25 (PTI) The ED has arrested the director of a Pune-based real estate company from a five-star hotel in Mumbai along with Rs 9.5 lakh in cash and gold and diamond jewellery worth Rs 2.3 crore in a bank loan fraud case. Amit Ashok Thepade was taken into custody on Sunday from the hotel in south Mumbai, where he had been staying for the past two months. A special Prevention of Money Laundering Act (PMLA) court has sent him to ED custody for five days, the federal probe agency said in ...Read More >
A CRISIL Intelligence report indicates that increased US tariffs will significantly impact India's MSME sector, responsible for 45% of exports. Textiles, gems, jewellery, and chemicals are expected to be the hardest hit, with MSMEs holding substantial shares in these sectors. Surat's diamond exports will face challenges, while the steel sector is likely to experience minimal impact. The imposition of higher tariffs by the US will significantly impact the micro, small and medium enterprise secto ...Read More >
MUMBAI: The proposed GST reforms, announced by the prime minister to be rolled out by Diwali, halving the current four-rate tax structure into two-tier regime at lower rates, though will lead to an estimated average revenue loss of Rs 85,000 crore per annum, will give a big boost to the for-long sagging consumption story to the tune of Rs 1.98 trillion, a report has said. The current GST structure consists of four main rate slabs: 5, 12, 18 and 28%. These rates apply to most goods and services. ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentin ...Read More >
MUMBAI: The Enforcement Directorate (ED) on Wednesday arrested former Vasai-Virar City Municipal Corporation (VVCMC) commissioner Anil Pawar and former deputy director in the VVCMC town-planning department, YS Reddy, as part of its money laundering investigation into the construction of 41 illegal buildings in Vasai East, which were demolished as per court orders in February this year. Both Pawar and Reddy had been questioned by the agency earlier about alleged irregularities in construction of ...Read More >
NEW DELHI: Bringing down the curtain on the proceedings initiated against misleading advertisements for medicinal products, the Supreme Court has closed the case filed by the Indian Medical Association (IMA) against Patanjali Ayurved and its founders.A bench of Justices B V Nagarathna and K V Viswanathan said no further hearing was needed as the court had already passed various orders and the purpose of the case had been achieved. "By various orders, the prayers of the WP have been achieved and ...Read More >
India broadens its export focus to fifty nations, including those in West Asia and Africa. This move aims to lessen dependence on one market. It also seeks to cushion against trade disruptions amid high US tariffs. The government is devising strategies to protect exports from these tariffs. They are also exploring alternative markets and domestic demand to absorb affected goods. India is expanding its export outreach to 50 countries including in West Asia and Africa to reduce reliance on any si ...Read More >
Surat: Ahead of the US's 50% tariff coming into effect on Aug 27, exports of gems and jewellery (G&J) grew by 16% in July, while exports of cut and polished diamonds (CPD) grew by 18%, compared to the same month last year. After two years of declines, July saw overall gross exports of gems and jewellery rise to $2.17 billion from $1.87 billion in July 2024. Overall gross exports of CPD grew to $1.07 billion, compared to $910 million last July. Polished lab-grown diamond exports grew by 27.6% to ...Read More >
MUMBAI -- Gaurav Gupta returned to the spotlight in India, staging his biggest runway show to date last weekend. The designer, who has become a red-carpet favorite from the Met Gala to the Oscars, unveiled his first Indian bridal couture collection with all the grandeur of an Indian wedding. With the country's $130 billion wedding industry heading into what is projected to be its biggest season yet, the show marked a strategic move for a label that has built a global reputation for avant-garde ...Read More >
Exports of Indian natural polished diamonds to the US - contributing 35 per cent of total exports in fiscal 2025 - is set to face further headwinds following the tariffs and penalty announced by the US, said Crisil Ratings officials. An official of the ratings agency noted that the demand for natural diamonds in the US market has slowed already. "Added to this, reduced offtake by retailers post announcement of 10 per cent tariff on Indian exports in April 2025, brought down the share of the US ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Public sector mining major NMDC has recorded a 42.4 per cent jump in iron ore production to 3.09 million tonnes (MT) in July this year, compared to the corresponding figure of 2.17 MT in the same month last year. The company's sales of iron ore rose 13.07 per cent to 3.46 MT in July, from 3.06 MT in the same month of the previous year. Iron ore production in the company's Chhattisgarh division surged 54.92 per cent year-on-year to 1.89 MT during the month, whi ...Read More >
US President Donald Trump announced a 25% import duty plus unspecified penalties on Indian goods from August 1, citing India's purchases of Russian crude oil and military equipment. The surprise move comes amid ongoing trade talks. The tariffs may impact Indian exports like telecom, apparel, and gems. India currently holds a $44.4 billion trade surplus with the US across goods and services. US President Donald Trump on Wednesday announced the imposition of a 25 per cent additional import duty p ...Read More >
New Delhi/Imphal, Aug 1 (SocialNews.XYZ) The National Investigation Agency (NIA) has made a second consecutive arrest in the 2024 killings in Manipur's Jiribam, central probe agency sources said on Friday. The NIA in a statement said that the national probe agency caught Lalrosang Hmar alias Rosang, a resident of Moinathol Village in southern Assam's Cachar district, from the Mizoram capital Aizawl on Thursday. The arrest came after the arrest of another key accused, Thanglienlal Hmar, by a jo ...Read More >
Bhubaneswar: Reserve Bank of India (RBI) has nominated two officers to carry out the inventory of Ratna Bhandar (treasury) of Puri Jagannath Temple, law minister Prithiviraj Harichandan said on Friday."We had requested RBI to help us with experts for the smooth evaluation and cataloguing of Ratna Bhandar's assets. We have received a reply from the RBI, confirming the nomination of two experts," Harichandan told reporters.According to the minister, schedule of the ensuing inventory will be decide ...Read More >
Palghar, Maharashtra: The Directorate of Enforcement (ED), Mumbai Zonal Office, has intensified its probe into the multi-crore Vasai-Virar City Municipal Corporation (VVCMC) construction scam, conducting a major search operation across 12 locations in Mumbai, Pune, Nashik, and Satara on July 29, 2025. The raids were carried out under the Prevention of Money Laundering Act (PMLA), 2002, in connection with the case involving Jayesh Mehta and others, including senior VVCMC officials. The searches ...Read More >
India and the EFTA countries free trade agreement will be implemented from October 1. The agreement aims to boost trade and investment between India and Iceland, Liechtenstein, Norway, and Switzerland. EFTA has committed to invest USD 100 billion in India, creating one million direct jobs. India will lower or eliminate duties on some EFTA products. The free trade agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piy ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a ...Read More >
MANGALURU: A CEN police team arrested a man who had cheated several people of crores of rupees on Thursday night. The accused, Roshan Saldanha, 43, hails from Mangaluru's Bollagudda Bajal. With his luxurious lifestyle, Saldanha earned the trust of businessmen. After promising them to get crores of rupees as loans with low interest rates, he collected a huge sum from them as stamp duty and processing fee and then disappeared, police said. During the raid, he was found with a Malaysian woman ha ...Read More >
Leh, July 18: Veteran BJP leader and former Deputy Chief Minister of Jammu and Kashmir Kavinder Gupta, was sworn as the 3rd Lieutenant Governor of Ladakh.Dressed in traditional Ladakhi attire, Gupta took the oath of office in a solemn ceremony held in Leh, administered by Justice N. Kotiswar Singh, Chief Justice of the High Court of J&K and Ladakh.Welcoming this new chapter in Ladakh's journey, Gupta emphasized service over power, declaring Ladakh deserves dignity, development, and a voice. "I'm ...Read More >
Surat: In a significant move for the Indian jewellery industry, the Bureau of Indian Standards (BIS) on Friday announced that 9-karat gold jewellery will now be eligible for hallmarking. Until now, hallmarking was allowed only for gold jewellery of 14 karats and above.The decision comes after sustained efforts and repeated representations from the Surat Jewellery Manufacturers Association (SJMA) and other industry stakeholders. The inclusion of 9-karat gold in the hallmarking process is expected ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant o ...Read More >
Mangaluru (Karnataka) [India], July 18 (ANI): Mangaluru City Police has arrested Roshan Saldana, an accused who was involved in multicore cheating cases and was absconding for quite some time. Cybercrime, Economic offences, Narcotics (CEN) wing of Police successfully located the accused on Thursday at his house in a secret chamber and took him into custody, according to a release. The main charges against the accused include promising loans in hundreds of crores of rupees, charging 1 to 2% sta ...Read More >
The Mangaluru City Police apprehended Roshan Saldana, a fugitive accused in large-scale financial fraud. Upon raiding his residence, police found incriminating evidence and luxurious items. Investigations reveal transactions worth 40 crores, with FIRs registered in multiple cities. Authorities aim to uncover the full scope of the accused's operations. Mangaluru City Police have successfully arrested Roshan Saldana, who was wanted in connection with numerous high-value fraud cases, following his ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of sta ...Read More >
Mangaluru: In a significant breakthrough, the Cyber, Economic and Narcotics (CEN) Crime Police in Mangaluru have arrested Roshan Saldanha, a 43-year-old accused in multiple high-value cheating cases who had been absconding for several months. The CEN police could successfully locate him at his house in a secret chamber and took him into custody on Thursday. The accused, in collusion with others, allegedly lured entrepreneurs by promising business loans and cheated them. Investigation revealed ...Read More >
Amritsar, July 18 (SocialNews.XYZ) Leader of Opposition in Punjab and Congress lawmaker Partap Singh Bajwa, on Friday demanded that Chief Minister Bhagwant Mann immediately convene an all-party meeting in Amritsar to discuss continuing threats to the Golden Temple through threatening emails. Speaking after paying obeisance at Sri Harmandir Sahib, where he was accompanied by Congress MP Gurjeet Singh Aujla, Sukhwinder Singh Danny Bandala and other Congress leaders, Bajwa said that he met with of ...Read More >
Mangaluru: A 43-year-old man accused of defrauding multiple entrepreneurs to the tune of Rs 32 crore by falsely promising them large business loans has been arrested by Mangaluru City Police on Friday. The suspect, identified as Roshan Saldanha, was found hiding in a concealed basement room of his luxurious house in Bollagudda, Jeppinamogaru locality of the city. Saldanha, a resident of Bajal in Jeppinamogaru, had several cheating cases registered against him under various sections of the Bhara ...Read More >
London-based De Beers almost single-handedly persuaded generations of consumers that love wasn't genuine unless it was sealed with a diamond. The stones were prized not only for their beauty but also as a miracle of nature formed over a billion years deep in the earth, and then extracted in exotic locales -- often on behalf of De Beers. Now diamonds can be made in labs that mimic the earth's extreme pressure and temperatures, but for a fraction of the price. A decade ago, such man-made gems wer ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.