IMPORT REGULATIONS
At the Supreme Court, Trump aims to cut the power of judges again
Trump's administration is appealing to the Supreme Court to limit judges' ability to block federal agency actions. This appeal is focused on the Administrative Procedure Act and its restrictive judicial interpretations. A Fifth Circuit ruling had previously voided parts of a regulation due to APA violations. The administration argues that courts should limit relief to specific plaintiffs rather than issuing nationwide injunctions.
Govt tightens duty exemption rules for metallurgical coke imports
The government has tightened conditions for importers seeking exemptions from anti-dumping duty on low ash metallurgical coke, a key input for steelmaking and ferroalloy production. The finance ministry has made compliance with a prescribed customs procedure mandatory for eligible importers.
Government notifies commodity trading contract as financial product for IFSC GIFT City
The government has notified commodity trading contracts as financial products under the IFSCA Act. This aims to establish GIFT City as a global commodity trading hub for India. IFSCA will regulate these contracts to enhance international trading capabilities. Establishing a global platform will help India capture a larger share of commodity trade. This initiative is crucial for managing India’s vulnerabilities to global price fluctuations and supply chain disruptions.
CBIC allows foreign goods to stay in India beyond four-month limit under ATA Carnet rules
The Central Board of Indirect Taxes and Customs has introduced flexibility for temporary imports under the ATA Carnet system. Senior customs officials are now allowed to grant extensions beyond the existing four-month limit. This change will help foreign businesses and organisations that need additional time for their goods. Importers must still comply with the validity period stipulated by their ATA Carnet.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
Made in Pakistan beauty products seized in Maharashtra leave officials stunned: One cream found with 48,453 times the permissible mercury limit
Two Pakistani-labelled beauty creams seized by Nanded police have been found to contain dangerously high levels of mercury, with concentrations thousands of times above the permissible limit. Government laboratory tests detected 48,453.44 PPM in PARLEY 24K Gold Gleam Beauty Cream and 6,924.94 PPM in GOREE Beauty Cream. The products, worth Rs 39.69 lakh, were seized during a police raid in July.
India's crypto landscape evolving, with institutional entry and maturing retail trading patterns: Mudrex' Prateek Gupta
India’s crypto market is drawing a new class of participants as institutions, family offices and wealthy investors move beyond retail speculation and begin trading digital assets. The shift is being driven in part by arbitrage opportunities between tokenised gold and gold futures, with trades offering as much as 40 to 50 basis points on favourable days, according to Mudrex Business Head Prateek Gupta.
Think ease of engagement before ease of business
Policy wonks in New Delhi have historically fussed too much about foreign capital buying domestic assets. But being perennially paranoid about the colour of money has only diminished our market appeal. India is too difficult relative to other opportunities where rules are clear, tax treatment is predictable, enforcement is credible and returns compensate for risk. Options around the world are plenty, India should think of ways to make global capital fall in love with her.
Page Industries discloses 'inadvertent' FEMA violation, shares tank
Page Industries said it inadvertently carried out retail trading of imported Jockey- and Speedo-branded products through ecommerce platforms without establishing physical retail stores, going against the rules that it identified last year.
AI to stay dominant force behind US business investment in 2027, Goldman says
Goldman Sachs forecasts that artificial intelligence-related spending will reach approximately $1.4 trillion by the end of 2027. This spending is expected to represent nearly 4% of the US economy. The brokerage anticipates AI will drive significant business investment growth, with an estimated total exceeding $900 billion by the end of 2026. Furthermore, AI investment is projected to enhance capital expenditure and GDP growth rates in 2027.
Bajaj Finance opens QIP at Rs 992.25 floor price, may offer up to 5% discount
Bajaj Finance opened its qualified institutional placement on November 11, fixing the floor price at Rs 992.25 per share. The company may offer a discount of up to 5%, with final pricing and fundraising details yet to be announced.
India may open doors to multinational pharma firms for first-in-human Phase I trials
India is considering modifications to its pharmaceutical regulatory framework to attract multinational companies for clinical trials. Discussions have commenced regarding allowing these companies to conduct Phase I trials in India. Authorities aim to enhance India's appeal for global drug innovation and development. Strengthening manufacturing compliance over the last two years has also been part of the plan.
Global watchdog urges Turkey to strengthen crypto rules
But it said further action was needed to improve alignment with the FSB's global recommendations and address the risks of a largely retail investor-driven sector that saw nearly $200 billion worth of transactions last year, according to the review.
How investors in India can compare forex investing spreads, execution, spreads, and hidden fees
An easy guide on understanding real investing costs, fund transfers, and platform performance across international investing brokers.
Terminator: Rise of the AI sceptics
The Republican Party’s midterm defeat could reshape America’s AI policy, giving Democrats greater influence over regulation and safety standards. While Trump has backed a unified federal framework to accelerate AI development, Democratic lawmakers favour stronger safeguards. The shift may create unexpected political allies for major AI companies seeking tighter rules.
Most Americans want new Democratic Congress to end Trump's Iran war, Reuters/Ipsos poll finds
A new Reuters/Ipsos poll reveals that many Americans desire Congress to end the war with Iran. Support for repealing tariffs imposed by the Trump administration is also significant among respondents. Both Democrats and Republicans expressed a need for bipartisan cooperation on addressing cost of living issues. Concerns about potential impeachment proceedings against Trump were also noted among poll participants.
MakeMyTrip's India arm gets Sebi nod to float IPO
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of the parent company.
Pharma industry steps up API investments to cut import dependence, move up value chain
India's pharmaceutical sector is shifting towards high-value medicines and reducing reliance on imports through local manufacturing. Investments in active pharmaceutical ingredients and advanced therapies are on the rise to meet new healthcare demands. Industry leaders highlight the significance of supply-chain resilience and advancements in manufacturing capabilities. Recent data indicates strong domestic market growth and increasing pharmaceutical exports.
Snapchat starts disabling friend-finder feature for UK children, regulator says
Ofcom said the change would make it harder for strangers to contact children on the image-sharing social media platform, one it considers among the largest and most popular online services used by children in Britain.
Load More
