Economy

The notification email told affected employees that their roles had been eliminated as part of a broader organisational change and that their final working day was immediate.

According to ICEA, weak domestic demand has emerged as a growing concern for the smartphone industry, even as India continues to see growth in mobile-phone exports.

Jet fuel prices have doubled as a result of the west Asia war, creating the largest catastrophe for the air transport industry since the Covid-19 pandemic.

Ukraine has undertaken multiple longe-range drone strikes targeting Russian oil refineries.

Food price-based inflation soared to nearly 6% in August, dragging the headline CPI numbers higher.

Businesses are still investing in the industrial centres of Southeast Asia, but it has been more difficult to implement the "China plus one" initiative, as per the report.

Peter McGuire pointed out that the sustained disruptions could even push crude oil benchmarks into the $110-$115 band. Prof. Sachdeva emphasized that the crude spike poses an immediate fiscal and budgetary threat for India, a key oil importer.

The Wholesale Price Index for all commodities rose to 110.8 in August from 110.0 in July. Fuel and power inflation increased to 22.93% from 20.05%, while inflation in manufactured products rose to 8.37% from 8.29%.

Bangladesh seeks to reset ties with India through direct bilateral engagement based on mutual interests. Dhaka wants a more balanced foreign policy, while relations remain strained over Sheikh Hasina's refuge in India.

The 10% duty on Irish whiskey is part of tariffs imposed on European Union wine and spirits exported to the United States.

India-EU FTA: The quota-based concessional duty will be gradually reduced to 6% in the second year of implementation of the India-EU free trade agreement, the conclusion of which was announced on Jan. 27 this year.

Iranian officials had said they would attend the meeting with Gulf Arab states to present an agreement with Oman on governing shipping routes through the Strait of Hormuz.

Putin said growing participation in BRICS meetings demonstrated increasing international interest in the grouping and its emphasis on independent decision-making, collective problem-solving, international law and the principles of the UN Charter.

Pezeshkian also urged BRICS to take a stronger position on conflicts in Gaza and Lebanon.

The summit was chaired by Prime Minister Narendra Modi and attended by leaders and representatives from BRICS member and partner countries, along with UN Secretary-General Antnio Guterres.

A more efficient payment system using individual national currencies could further reduce friction for exporters by making cross-border settlements faster and more predictable.

India is building rice buffers, markets are adjusting to rising risks, and GIFT City is creating another channel for global capital.

Shah says India has the industrial base, skilled workforce and capital to become a global leader in lab-grown diamonds.

Saudi Arabia has been using the East-West pipeline to reroute around 4 million barrels of oil per day to the port of Yanbu on the Red Sea. That volume is equivalent to around 4% of global oil supply.

At its core, the declaration seeks to reshape how emerging and developing economies participate in the institutions that govern the global economy.