INDIA BUSINESS | Wed, 26 Nov 2025, 4:00AM IST
Indian electronics firms face delays in collaborations with Chinese companies. Policy inconsistencies from Beijing, especially on technology transfer, are causing frustration. Several joint ventures and acquisitions are pending government approvals in China. This is impacting India's push for self-sufficiency in component manufacturing and local value addition. Companies are awaiting crucial clearances to move forward with planned investments and partnerships.
Continue reading at Economic Times
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INDIA BUSINESS | Wed, 26 Nov 2025, 4:00AM IST
Indian refiners are experiencing a milder-than-expected financial impact from US sanctions on Russian oil exporters. Widened discounts on Russian crude are nearly offsetting expected volume losses, keeping procurement costs stable despite a shift to non-sanctioned suppliers.
Continue reading at Economic Times
1h
Trumps Trade War Has Canadians Elbows Up for Homegrown Wine
GLOBAL NEWS | Wed, 26 Nov 2025, 2:40AM IST
The trade war with the United States, bans on U.S. wine and liquor imports and a recent distributor strike in British Columbia have Canadians giving their homegrown wines another look.
Continue reading at The New York Times
2h
Trump says 'close' to Ukraine war deal
INDIA NEWS | Wed, 26 Nov 2025, 1:00AM IST
US President Donald Trump on Tuesday said a Ukraine-Russia deal is "very close," but European leaders were skeptical and Russian missiles continued to rain down on Kyiv.Trump, visibly frustrated at his failure to make good on last year's election boast that he could quickly end the war, said "we're getting very close to a deal."An initial US plan which was heavily weighted in Russia's favor has been replaced by one taking in more of Ukraine's interests. And an official familiar with the new version told AFP that it was "significantly better."However, US officials acknowledged that "delicate" issues remain.And French President Emmanuel Macron threw cold water on the idea of a rapid solution, stating that there is "clearly no Russian willingness" for a ceasefire or to discuss the new, more Ukraine-friendly proposal.Frantic discussions have been underway since the weekend when Ukrainian and US representatives huddled in Geneva to discuss Trump's controversial, initial 28-point plan for settling the bloody conflict.Latest talks including US and Russian delegates were taking place in Abu Dhabi, US media reported. Leaders of a group of 30 countries supporting Ukraine also met by video on Tuesday.US negotiator Dan Driscoll emerged upbeat from meeting with Russian counterparts, his spokesman saying: "The talks are going well and we remain optimistic."The White House cited "tremendous progress," while cautioning "there are a few delicate but not insurmountable details that must be sorted out."But the war, which began with Russia's full-scale invasion of Ukraine in 2022, continued unabated.Powerful explosions rocked Kyiv beginning around 1:00 am (2300 GMT), as Russian drones and missiles rained down, setting fires in apartment buildings. City officials said seven people were killed.Thick smoke, turning red and orange in the blizzard of Ukrainian air defense fire, rose over the capital as residents fled underground into metro stations, AFP reporters said.'Tough road ahead' Trump, who long boasted he could negotiate an end to the Ukraine war within 24 hours, announced last week that he wanted his peace proposal approved by Kyiv by this Thursday -- the US Thanksgiving holiday.But the initial plan, pushing numerous Russian war aims, sparked alarm in Ukraine and Europe. Among its points were prohibitions on Ukraine ever joining NATO and requiring the country to surrender swaths of new territory to Russia.The updated plan clearly pleases Ukraine more. The official familiar with the text told AFP that one key improvement was raising a proposed cap on the country's future military forces from 600,000 to 800,000 members.Ukrainian negotiator Rustem Umerov said Tuesday there was "common understanding on the core" of the deal between Ukraine and the US.However, remaining details should be hammered out in direct talks "at the earliest suitable date" between President Volodymyr Zelensky and Trump, he said.British Prime Minister Keir Starmer warned: "There's still a long way to go and a tough road ahead."Russia's military occupies around a fifth of Ukraine, much of it ravaged by fighting. Tens of thousands of civilians and military personnel have been killed and millions have fled the east of the country.Ukrainian army Sergeant Ivan Zadontsev said negotiating was "healthy.""We also are getting tired of war. We need a break," he told AFP.But the proposals by both the United States and EU "do not serve Ukraine's national interests," he said.
Continue reading at Economic Times
4h
Carmakers step up SUV play to break market jam; Maruti Suzuki, Mahindra & Hyundai hope to stand out
INDIA BUSINESS | Wed, 26 Nov 2025, 12:49AM IST
Indian automakers are intensifying competition by launching over three dozen new SUV models and refreshes over the next five years. Companies like Tata Motors, with its resurrected Sierra SUV, are focusing on sharper differentiation through distinct price and positioning bands to capture a growing SUV market share.
Continue reading at Economic Times
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Sterling Biotech case: GoI to examine impact of Supreme Court judgment
INDIA BUSINESS | Wed, 26 Nov 2025, 12:49AM IST
The government is reviewing the Supreme Court's Sterling Biotech judgment, which dropped criminal charges against promoters in exchange for a 5,100 crore payment. While not a precedent, the ruling raises concerns for lenders and could impact similar fraud cases, potentially encouraging other offenders to seek settlements.
Continue reading at Economic Times
4h
Supreme Court caps TDS on foreign remittances at 10%, says Income Tax Act cannot override DTAA
INDIA BUSINESS | Wed, 26 Nov 2025, 12:49AM IST
The Supreme Court ruled that tax deduction at source on remittances to non-resident entities cannot exceed 10% as per Double Tax Avoidance Agreements (DTAA). This decision overrides the Income Tax Department's demand for a higher 20% deduction, even when Permanent Account Numbers were not furnished.
Continue reading at Economic Times
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Unilever CEO prods HUL to move faster in premium lane
INDIA BUSINESS | Wed, 26 Nov 2025, 12:46AM IST
Unilever CEO Fernando Fernandez urged Hindustan Lever Limited (HUL) to accelerate its shift towards higher-margin products and enhance its presence in new-age channels. He emphasized the need for rigorous growth strategies and investment in emerging retail formats to maintain performance in India's competitive market.
Continue reading at Economic Times
4h
Airtel escalates row, reiterates Tejas' equipment 'sub-standard'
INDIA BUSINESS | Wed, 26 Nov 2025, 12:40AM IST
Bharti Airtel and Tejas Networks are locked in a dispute. Airtel claims Tejas equipment used by BSNL is sub-standard and causes interference. Tejas denies this, blaming Airtel's site placement. Airtel insists Tejas's radio equipment exceeds Indian spectrum limits. The issue centers on filter design and frequency allocation. Resolution requires Tejas to adjust its equipment's signal radiation.
Continue reading at Economic Times
4h
HC bars Pelican from using trademark of ITC's Gold Flake
INDIA BUSINESS | Wed, 26 Nov 2025, 12:39AM IST
The Delhi High Court has temporarily barred Pelican Tobacco Co from using names and packaging similar to ITC's Gold Flake trademark. The court found Pelican's 'Gold Fighter' and 'Gold Flame' marks to be a prima facie dishonest imitation, exploiting ITC's established goodwill and reputation in the cigarette industry.
Continue reading at Economic Times
4h
Baby Memorial Hospital front-runner for Star Hospitals, Fortis also in fray
INDIA BUSINESS | Wed, 26 Nov 2025, 12:34AM IST
Baby Memorial Hospital, backed by KKR, is reportedly the front-runner to acquire Star Hospitals for 2,500-2,700 crore. Fortis Healthcare is also in contention for the Hyderabad-based hospital group. Star Hospitals, promoted by cardiologist Gopichand Mannam, has two facilities in Hyderabad and annual revenues of 500-600 crore.
Continue reading at Economic Times
4h
PSP infuses 1,760 cr into KKR-backed Lighthouse Learning
INDIA BUSINESS | Wed, 26 Nov 2025, 12:34AM IST
Canadian pension fund PSP Investments is injecting $200 million into Lighthouse Learning Group. KKR is also investing fresh capital as it moves its stake to a new fund. Lighthouse Learning operates numerous preschools and K-12 schools across India. KKR plans to continue driving the company's growth. Future plans may include a public listing or strategic mergers.
Continue reading at Economic Times
4h
Telcos plan 3-lakh crore capex to get future-ready
INDIA BUSINESS | Wed, 26 Nov 2025, 12:28AM IST
India's telecom sector is poised for a significant capital expenditure of 2.5-3 lakh crore over the next three to five years. This investment will shift focus from 5G coverage expansion to network densification, fiberisation, and AI-driven optimization, driven by rising data consumption and enterprise use cases.
Continue reading at Economic Times
4h
Mid-budget Hindi films shine as cine goers bet on experience
INDIA BUSINESS | Wed, 26 Nov 2025, 12:21AM IST
Mid-budget Hindi films like Saiyaara, Mahavatar Narsimha, and Ek Deewane Ki Deewaniyat are achieving significant box office success, defying the trend of big-budget failures. These films are resonating with Generation Z and audiences in smaller cities by tapping into themes similar to South Korean content and classic Bollywood, bolstered by strong musical scores and narratives that spark audience debate.
Continue reading at Economic Times
4h
Parliament panel seeks uniform safety protocol for SAIL workers
INDIA BUSINESS | Wed, 26 Nov 2025, 12:11AM IST
A parliamentary panel has urged Steel Authority of India Limited to ensure consistent safety standards for all workers. The committee also stressed that SAIL's growth plans must meet global benchmarks. This focus on safety and efficiency aims to boost competitiveness. The review covered major SAIL plants and new labor laws. SAIL's financial performance shows improvement with increased profits and revenue.
Continue reading at Economic Times
5h
India set to become a hub for global shipbuilding: Rajnath Singh
INDIA BUSINESS | Wed, 26 Nov 2025, 12:10AM IST
Defence Minister Rajnath Singh stated India is poised to be a global shipbuilding hub within a decade, inviting international collaboration. He highlighted India's integrated, end-to-end shipbuilding ecosystem, from design to life cycle support, and its capacity to produce advanced vessels like aircraft carriers and submarines.
Continue reading at Economic Times
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