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Thursday, August 14, 2025
TopicReuters

Topic: Reuters

UK still wants free trade deal with India by Diwali, says working on ‘this high ambition’ pact

The target to sign the free trade agreement that would "put the UK at the front of the queue to supply India's growing middle class" by Diwali was set by former PM Boris Johnson.

Byju’s to cut 2,500 staff, aims for ‘sizeable savings’ & profitability by March 2023

In May, the company reported a loss of Rs 4,564 crore ($554.77 million) for fiscal 2021 due to higher promotion and employee expenses.

To curb rupee’s decline, RBI asks local banks to not build positions in offshore markets

This is a step back from the directions it issued in 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.

India to permit export of broken rice backed by letters of credit issued before sudden ban

This move will help traders ship 3,97,267 tonnes of broken rice as the export ban on 8 September trapped nearly 1 million of the grain.

Biden doubts Putin would use nuclear weapon as Ukraine pleads for increase in military aid

NATO Secretary General Jens Stoltenberg told reporters that the military alliance has not noticed any change in Russia's nuclear posture following the threats.

India’s green energy firms join hands to develop carbon credit market

Adani Greens, EKI Energy Services and Hero Future Energies are some of the names that will aim to act as mediator between govt and industry and facilitate trade of carbon credits.

Musk’s SpaceX to seek govt permit for Starlink internet services in India, report says

SpaceX will also seek statutory nods for landing rights & market access. However, earlier this year, Modi govt asked Starlink to refund all pre-orders until it received licences to operate.

Sitharaman foresees energy price & availability as India’s biggest short-term challenges

Finance Minister Nirmala Sitharaman notes that if natural gas goes beyond the country's means, they will have to revert to coal.

Chinese carmaker BYD to launch first passenger EV in India amid global push

BYD, which already sells electric buses and electric vehicles (EVs) for corporate fleets in India, will launch its Atto 3 electric SUV in India, giving competition to Tata Motors.

China ramps up Covid testing, hastily shuts down institutions as infections mount

Authorities reported 2,089 new infections Tuesday, the highest since August. Cases have risen after increased domestic travel during the National Day Golden Week earlier this month.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.