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INDIA BUSINESS | Sat, 13 Dec 2025, 12:52AM IST InterGlobe Aviation, the parent of IndiGo, has approached the Delhi High Court. The company is seeking a refund of 900 crore paid as customs duty. This duty was levied on aircraft engines and parts reimported after repairs abroad. InterGlobe argues this is an unconstitutional double levy. The court will hear the case on December 19.

Continue reading at Economic Times

12m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:48AM IST New amendments to India's atomic energy bill may reserve uranium mining exclusively for government companies. Private firms might be excluded from this critical sector. The proposed changes to the Atomic Energy Act, 1962, and the Civil Liability for Nuclear Damages Act, 2010, are expected soon. This move comes despite earlier considerations to allow private participation in local uranium production.

Continue reading at Economic Times

16m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:46AM IST Civil Aviation Minister K Rammohan Naidu stated the Centre can cap airfares in emergencies. However, he clarified fare caps are not a permanent fix for rising ticket prices. The government has imposed limits based on flight duration following IndiGo's mass flight cancellations.

Continue reading at Economic Times

17m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:44AM IST Tata Steel plans a nearly 50% capacity expansion in India to defend market share and secure raw materials, with most capex expected from internal accruals. This strategic move aims to align new capacities with anticipated demand growth post-FY29, ensuring profitability and maintaining a healthy balance sheet.

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INDIA BUSINESS | Sat, 13 Dec 2025, 12:40AM IST Vehicle sales saw a significant jump last month. Car, two-wheeler, and three-wheeler wholesale dispatches to dealers increased strongly year-on-year. This surge followed the festive season, indicating continued consumer demand. Manufacturers are building stocks to meet demand during the upcoming marriage season.

Continue reading at Economic Times

23m

INDIA NEWS | Sat, 13 Dec 2025, 12:26AM IST California and 18 other US states will file a lawsuit on Friday seeking to block President Donald Trump's $100,000 fee on new H-1B visas for highly skilled foreign workers, California Attorney General Rob Bonta's office said. The lawsuit in Massachusetts federal court will be at least the third to challenge the fee announced by Trump in September, which dramatically raises the cost of obtaining H-1B visas. Currently, employers typically pay between $2,000 and $5,000 in fees. Bonta's office in a release said Trump lacks the power to impose the fee and that it violates federal law, which allows immigration authorities to collect only fees necessary to cover the cost of administering visa programs. The H-1B program allows US employers to hire foreign workers in specialty fields. The tech industry, with many companies headquartered in California, is particularly reliant on workers who receive the visas. Bonta, a Democrat, said the $100,000 fee would create unnecessary financial burdens for providers of vital services such as education and healthcare, exacerbating labor shortages and threatening to cut services. The states joining California in the lawsuit include New York, Massachusetts, Illinois, New Jersey and Washington. The White House in response to other lawsuits has said the new fee is a lawful exercise of Trump's powers and will discourage employers from abusing the H-1B program. Critics of H-1B visas and other work visas say they are often used to replace American workers with foreign employees who will work for less. But business groups and major companies have maintained that workers on H-1B visas are a critical means to address a shortage of qualified American workers. The US Chamber of Commerce, the country's largest business lobby, and a coalition of unions, employers and religious groups have filed separate lawsuits challenging the fee. A judge in Washington, DC, is set to hold a hearing in the Chamber's lawsuit next week. Trump's order bars new H-1B recipients from entering the United States unless the employer sponsoring their visa has made the $100,000 payment. The administration has said the order does not apply to existing H-1B holders or those who applied before September 21. Trump in the order invoked his power under federal immigration law to restrict the entry of certain foreign nationals that would be detrimental to US interests. Bonta's office on Friday said the $100,000 fee far exceeds the cost of processing H-1B petitions, rendering it unlawful. It added the US Constitution bars Trump from unilaterally imposing fees to generate revenue for the United States, a job that is reserved for Congress.

Continue reading at Economic Times

38m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:23AM IST The Centre has amended its Coal (Non-Regulated Sector) Linkage Policy of 2016, enabling the export of coal from blocks with existing linkages. A new policy, CoalSETU, will allow end-use free purchase of coal for any industrial use and export, excluding traders. Coking coal will not be offered due to domestic scarcity.

Continue reading at Economic Times

40m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:20AM IST The case centred on whether Pranav Adani had disclosed confidential details about Adani Green Energy's planned acquisition of SB Energy before the information became public.

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44m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:19AM IST India significantly increased its purchase of Russian fossil fuels in November. This surge placed India as the second-largest importer, following China. The rise was fueled by higher imports of crude oil, coal, and refined oil products. This comes as the United States continues to pressure India to reduce these purchases.

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44m

INDIA NEWS | Sat, 13 Dec 2025, 12:15AM IST New Delhi: In a significant step, the US has launched Pax Silica, a US-led strategic initiative to build a secure, prosperous, and innovation driven silicon supply chain-from critical minerals and energy inputs to advanced manufacturing, semiconductors, AI infrastructure, and logistics amid China's efforts to weaponise critical minerals and tech supply chains.The inaugural Pax Silica Summit convenes counterparts from Japan, Republic of Korea, Singapore, the Netherlands, the UK, Israel, the UAE, and Australia. Together, these countries are home to the most important companies and investors powering the global AI supply chain, according to the US State Department. However, India which is part of Quad critical minerals initiative and has critical technology partnership with the US interestingly is not part of this Pax Silica initiative. India-US-South Korea had also joined hands to form a critical technology partnership but that did not make any forward movement under the Trump administration. India, however, is putting in place bilateral critical technology partnerships with the UAE, Singapore and Japan among others.Experts, who did not wish to be identified, said India still does not possess critical edge technology -- where Pax Silica wants to focus -- to be part of this grouping. Neither is India a repository of critical minerals.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 13 Dec 2025, 12:13AM IST Indian Railways is preparing for increased wage expenses from the Eighth Pay Commission. The national transporter is focusing on cost reductions in maintenance, procurement, and energy. These measures aim to strengthen finances and improve operating performance. Anticipated savings from electrification and higher freight earnings will support the additional fund requirement.

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50m

INDIA MARKET | Sat, 13 Dec 2025, 12:11AM IST The dollar hovered near a two-month low, and was on track for a third straight weekly drop, making bullion more affordable for overseas buyers

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INDIA BUSINESS | Sat, 13 Dec 2025, 12:08AM IST The International Monetary Funds grading of Indias national accounts statistics is a matter of concern

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INDIA MARKET | Sat, 13 Dec 2025, 12:05AM IST SEBI officials are questioning the need for such disclosures, noting they are not mandated for any other authority in India, Pandey added

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INDIA BUSINESS | Sat, 13 Dec 2025, 12:05AM IST Telecom operators are calling for lower spectrum prices and better payment terms. They want reserve prices cut to 50% of valuation to boost auction participation. Operators also requested longer spectrum assignment periods and a longer moratorium on payments. They believe restricting spectrum supply creates artificial scarcity.

Continue reading at Economic Times

59m

INDIA BUSINESS | Sat, 13 Dec 2025, 12:00AM IST The Additional Commissioner of CGST, Delhi South Commissionerate, has imposed the penalty of 58,74,99,439 on the airline for the financial year 2020-21

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1h

INDIA MARKET | Fri, 12 Dec 2025, 11:55PM IST In a separate 63-page order, Sebi also dropped insider trading charges against Vinod Bahety, former head of M&A at the Adani Group, and three associated entities

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1h

INDIA NEWS | Fri, 12 Dec 2025, 11:49PM IST A P&I Club is a mutual insurance association that protects shipowners, operators from third-party liabilities - covering risks such as oil spills, cargo damage, pollution, collisions, and crew injury

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1h

INDIA NEWS | Fri, 12 Dec 2025, 11:47PM IST CEPA expected to boost bilateral trade beyond current $10.6 billion, with focus on petroleum, urea, and manufactured goods

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1h

INDIA NEWS | Fri, 12 Dec 2025, 11:37PM IST RBI data shows state-wise credit trends; Maharashtra leads in outstanding credit and deposits, while Gujarat records highest growth

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1h

GLOBAL NEWS | Fri, 12 Dec 2025, 11:25PM IST After making a fortune on Wall Street, he bought The Nation magazine and founded The New York Observer, which one writer called a maypole of Manhattan gossip and intrigue.

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1h

INDIA BUSINESS | Fri, 12 Dec 2025, 11:22PM IST Adani Energy Solutions Ltd has acquired KPS III HVDC Transmission Ltd. This move strengthens AESL's strategy for shareholder value. The project will help evacuate 2.5 GW of renewable energy. This is part of the Khavda renewable energy park's expansion. The acquisition was completed on December 12, 2025. The deal was done at face value.

Continue reading at Economic Times

1h

INDIA MARKET | Fri, 12 Dec 2025, 11:08PM IST The draft legislation seeks to amend the Atomic Energy Act 1962 and the Civil Liability for Nuclear Damage (CLND) Act 2010

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1h

INDIA BUSINESS | Fri, 12 Dec 2025, 10:58PM IST SBI's Amrit Vrishti, which offered 6.6 per cent for 444 days, has been revised downward to 6.45 per cent

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2h

INDIA BUSINESS | Fri, 12 Dec 2025, 10:52PM IST State Bank of India and Indian Overseas Bank have reduced lending rates by 25 basis points, mirroring the RBI's policy rate cut. This move makes loans cheaper for existing and new borrowers, impacting EMIs for retail, MSME, and corporate clients. MCLR and Base Rate have also been lowered.

Continue reading at Economic Times

2h

INDIA BUSINESS | Fri, 12 Dec 2025, 10:51PM IST Novo Nordisk has launched Ozempic in India at a competitive price, aiming to capture a significant share of the growing weight-loss market. Leveraging its established dominance in diabetes care and insulin leadership, the company seeks to accelerate adoption of its GLP-1 therapy, positioning it against rivals like Eli Lilly.

Continue reading at Economic Times

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