‘India a very hot market but…’: Elon Musk-led Tesla says 100% car tariffs make customers anxious

Tesla has long sought to establish a presence in India, the world’s third-largest automotive market. (AI image) Elon Musk-led Tesla sees India as a ‘very hot market’, but rues the 100% tariffs on automobiles, which it says make customers anxious. The US auto giant continues to evaluate the timing of its entry into this promising […]

Donald Trump’s tariffs: Why it could be a key manufacturing moment for India

While the coming months will shape the future of global trade dynamics, the temporary suspension of US reciprocal tariffs provides India a unique window. (AI image) By Kunal ChaudharyThe U.S. has announced a 90-day temporary pause on the imposition of the higher reciprocal tariffs on its trading partners. In a notable policy shift, the announcement […]

Air India CEO steps down as AI Express chief

New Delhi: Air India MD & CEO Campbell Wilson has stepped down as chairman of the AI Express and Nipun Aggarwal will take over that role. Aggarwal, who is on the board of the budget airline, will continue in his role as AI’s chief commercial officer.AI’s chief operating officer Captain Basil Kwauk will replace Wilson […]

Economy

India is the most important growth market for SATS, say senior executives 

Executives from SATS and FedEx at the opening of cargo logistics park at Bengaluru airport on Tuesday. India is the most important growth market for SATS and the company is looking for opportunities to expand its operations, senior executives said on Tuesday. Singapore-based SATS has ground handling and in-flight kitchen business in 27 countries in the […]

Actor Mahesh Babu summoned by ED in money laundering case related to Hyderabad-based real estate firms | Latest News India

The Enforcement Directorate (ED) has summoned Telugu actor Mahesh Babu in connection with a money laundering probe into Hyderabad-based real estate firms, news agency PTI reported on Tuesday. Actor Mahesh Babu(Mahesh Babu/ Instagram) Mahesh Babu, 49, has been asked to appear before the federal probe agency’s office in Hyderabad on April 28. The development comes […]

Economy

Air India Express gets a new chairman, board member

Air India Express new chairman, Nipun Aggarwal In a strategic move, Air India Group has initiated a board-level rejig at its low-cost subsidiary Air India Express (AIX) to bring in greater coordination between the budget and full-service carriers. Accordingly, Campbell Wilson, CEO of Air India, has stepped down as chairman of the low-cost carrier. Wilson […]

Economy

India reviewing ASEAN trade pact to curb imports, address Chinese re-routing concerns

India has initiated a review of the ASEAN-India Free Trade Agreement (AIFTA), specifically the ASEAN-India Trade in Goods Agreement (AITIGA), with a focus on addressing concerns about steel imports from ASEAN nations, particularly those potentially linked to Chinese investments. This review is driven by India’s concerns over trade imbalances, the re-routing of Chinese goods through […]

Goodbye China, Namaste India! Laptop brands shift production as PLI scheme bears fruit, Trump’s tariffs loom large

The current manufacturing capacity in India could replace approximately 10-20% of total laptop imports. (AI image) India’s Rs 17,000 crore production-linked incentive programme for IT hardware is beginning to yield results as several brands previously reliant on China establish partnerships with domestic contract manufacturers for laptop production in India.These collaborations come against the backdrop of […]