BUSINESS

India, U.S. trade talks extended as deadline looms for interim deal, sources say

A U.S. delegation led by senior officials from the USTR held two days of discussions in the national capital with trade officials headed by chief negotiator Rajesh Agrawal, the sources said.

THE HINDU
10 hours ago
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ECONOMY

China’s restriction on rare earth magnets may impact smartwatches, TWS market too

Over the last few weeks, China has imposed export restrictions on rare earth magnets for which it holds a monopoly, in both supply and processing

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JK Cement acquires 60% stake in Jammu & Kashmir-based Saifco Cements for ₹150 cr

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Government appoints RBI Deputy Governor T. Rabi Sankar as 16th Finance Commission member

The government constituted the 16th Finance Commission, chaired by Niti Aayog V-C Arvind Panagariya on December 31, 2023, who will submit its report to the President by October 31, 2025

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AUTO

New petrol, diesel cabs to be banned in Delhi-NCR from this date: Details

Starting January 1, 2026, Delhi-NCR will prohibit petrol and diesel vehicles from joining cab aggregator, delivery, and e-commerce fleets, as announced by CAQM. This directive targets light commercial vehicles and two-wheelers, pushing ...more

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Procurement boost: Centre doubles cap for direct scientific purchases; researchers get more autonomy

The Centre has increased financial thresholds for scientific equipment procurement by research institutions, as per revised General Financial Rules. Vice-chancellors and directors can now directly procure instruments up to Rs 2 lakh, wh ...more

TIMES OF INDIA
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BANKING

T Rabi Shankar to be new part time member of 16th Finance Commission

Rabi Shankar joined RBI in 1990 and has worked in various capacities until he assumed the Office of Deputy Governor in May 2021

THE HINDU BUSINESS LINE
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BUSINESS

Farm reset: Government says agriculture sector reshaped in 11 years, budget surged five-fold since 2013 & crop output jumped

India's agricultural sector has undergone a significant transformation in the last 11 years, driven by increased budgetary support and policy focus. The government reports substantial growth in foodgrain output, rising MSP for key crops ...more

TIMES OF INDIA
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BUSINESS

Policy minds reshaped: Mahendra Dev takes over as EAC-PM chief; SBI’s Soumya Kanti Ghosh joins as part-time member

Economist S Mahendra Dev assumes the role of Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), filling the vacancy since November. The council has been reconstituted for two years, retaining full-time members and ...more

TIMES OF INDIA
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AGRICULTURE

Agriculture sector undergoes "profound transformation" with five-fold budget boost: Government

The transformation has focused on inclusivity by supporting small farmers, women-led groups and allied sectors while positioning India as a global agricultural leader, according to an official statement

THE HINDU BUSINESS LINE
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BUSINESS

Vijay Mallya Net Worth: Ex-RCB & Kingfisher Tycoon's Fortune Rises Amid Legal Battles

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BUSINESS

GSTR-3B filing to tighten: GSTN to lock monthly tax form from July 2025, changes allowed only via GSTR-1A

Starting July 2025, the GSTN will make the GSTR-3B form non-editable to enhance consistency and reduce revenue leakages. Taxpayers must use GSTR-1A to amend outward supplies before filing GSTR-3B. This shift requires businesses to ensur ...more

TIMES OF INDIA
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BUSINESS

H&M billionaire quietly moves brand toward private ownership

The Perssons are now within striking distance of full control of the retailer, which in recent years has been losing ground among shoppers to its main rival Zara and “ultra-fast fashion” upstarts like Shein

THE HINDU BUSINESS LINE
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BUSINESS

GST compliance: Returns to be time-barred after 3 years starting July 2025; experts warn of risks in absence of redressal

Starting July 2025, the GST Network will time-bar GST returns after three years from the due date, impacting filings like GSTR-1 and GSTR-3B. Implemented from August 2025, this measure, stemming from the Finance Act, 2023, aims to impro ...more

TIMES OF INDIA
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