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ArcelorMittal Nippon Steel India Withdraws Coke Import Request After Government Approval

ArcelorMittal Nippon Steel India Withdraws Coke Import Request After Government Approval

15 April 2025

In a key development for India’s steel industry, ArcelorMittal Nippon Steel India (AM/NS India) has withdrawn its plea in the Delhi High Court after receiving the central government’s approval to import metallurgical coke, commonly known as met coke. This marks the end of a legal tussle that had sparked debate around trade restrictions and industry …

Glenmark, Sun Pharma, Zydus Recall Multiple Products in the US Over Quality Concerns

Glenmark, Sun Pharma, Zydus Recall Multiple Products in the US Over Quality Concerns

15 April 2025

In a recent enforcement report published by the US Food and Drug Administration (USFDA), three major Indian drugmakers Glenmark, Sun Pharma, and Zydus have voluntarily initiated recalls of various medications in the US due to concerns over production quality and regulatory non-compliance. Glenmark Recalls Over 25 Products Glenmark Pharmaceuticals is recalling more than 25 pharmaceutical products …

UBS Report Predicts India’s Semiconductor Demand to Hit ₹9.3 Lakh Crore by 2030

UBS Report Predicts India’s Semiconductor Demand to Hit ₹9.3 Lakh Crore by 2030

15 April 2025

India’s semiconductor industry is all set for a major leap, with end-demand revenues expected to reach ₹9.3 lakh crore (US$ 108 billion) by 2030. According to a recent UBS report, this growth will be driven by strong electronics demand, favourable policies, and the country’s growing digital economy. Rapid Growth Expected by 2030 India’s semiconductor demand …

Nifty Financial Services Soars 2.95%, Led by ICICI GI, PFC and Shriram Finance

Nifty Financial Services Soars 2.95%, Led by ICICI GI, PFC and Shriram Finance

15 April 2025

The Nifty Financial Services Index, also known as FINNIFTY, is a benchmark designed to capture the performance of India’s dynamic financial sector. It includes 20 major stocks across various segments such as banks, financial institutions, housing finance, insurance, and other financial services. Introduced by the National Stock Exchange (NSE), the index uses the free-float market …

RBI Says Banks Must Pay 8% Interest for Delayed Govt Pensions

RBI Says Banks Must Pay 8% Interest for Delayed Govt Pensions

15 April 2025

In a move aimed at safeguarding the financial interests of retired government employees, the Reserve Bank of India (RBI) has issued a circular directing banks to pay 8% annual interest on any delayed pension payments.  This directive seeks to ensure timely disbursement and eliminate the need for pensioners to initiate compensation claims. Automatic Compensation and …

Bajaj Allianz Life Insurance Introduces Superwoman Term Plan for Women

Bajaj Allianz Life Insurance Introduces Superwoman Term Plan for Women

15 April 2025

Bajaj Allianz Life Insurance has launched a new term insurance policy exclusively for women, named the Superwoman Term (SWT) plan. The policy combines standard term coverage with add-on features focused on women’s health and child care. Coverage The plan includes a critical illness rider that covers 60 illnesses, including specific conditions like breast, cervix, and …

Telangana’s Rajiv Yuva Vikasam Scheme: Up to ₹4 Lakh Loans for Young Entrepreneurs

Telangana’s Rajiv Yuva Vikasam Scheme: Up to ₹4 Lakh Loans for Young Entrepreneurs

15 April 2025

The Telangana government has launched the Rajiv Yuva Vikasam Scheme 2025 to support self-employment among youth from disadvantaged backgrounds. The scheme offers concessional loans of up to ₹4 lakh for eligible individuals to start small businesses across sectors. Loan Amount and Target Groups The scheme is aimed at members of Scheduled Castes (SC), Scheduled Tribes …

Odisha Government Increases Dearness Allowance by 2% for Government Employees

Odisha Government Increases Dearness Allowance by 2% for Government Employees

15 April 2025

The Odisha government has announced a 2% increase in Dearness Allowance (DA) for state government employees and pensioners. The revised rate takes the DA from 53% to 55% and will be implemented retrospectively from January 1, 2025. According to the state’s official communication, the revised DA and the corresponding Temporary Increase (TI) for pensioners will …

Trump Administration Excludes Phones, Computers, and Chips from Tariffs

Trump Administration Excludes Phones, Computers, and Chips from Tariffs

15 April 2025

The U.S. administration has issued updated guidance exempting smartphones, computers, and key tech components from new reciprocal tariffs. The notice, released by U.S. Customs and Border Protection on Friday, comes after President Donald Trump had earlier imposed a 145% tariff on Chinese imports, raising concerns across the technology sector. Products Covered Under the Exemption According …

India Considers Reducing High-End Car Import Duties to Boost Trade

India Considers Reducing High-End Car Import Duties to Boost Trade

15 April 2025

India is considering a reduction in import duties on high-end fully built vehicles as part of ongoing trade discussions with the United States, the European Union, and the United Kingdom, as per the reports. Discussions are focused on vehicles priced above ₹40 lakh, with a proposal for a fixed annual import quota also under consideration. …

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