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India has reserved its right to impose retaliatory tariffs on the US following a 25% tariff on Indian auto parts, a procedural move under WTO safeguards. This action won't impede ongoing trade deal talks, aiming for a $500 billion bilateral trade by 2030. An interim agreement is expected before July 9, but uncertainty remains....

Union Minister Piyush Goyal emphasized that India's future growth will be fueled by technology, innovation, and startups at the IIT Madras Alumni Association event. He highlighted India's shift from job seeker to job creator, supported by government initiatives like the Fund of Funds for Startups and the R&D and Innovation Scheme....

India is now a leading nation in income equality. World Bank data shows India's Gini Index is better than many major economies. Poverty rates have significantly decreased between 2011 and 2023. Government initiatives like PM Jan Dhan Yojana and Aadhaar have boosted financial inclusion. Healthcare access improved through Ayushman Bharat....

Nehal Modi, brother of fugitive Nirav Modi, faces extradition to India after his US arrest on July 4. Accused of money laundering and criminal conspiracy in the Rs 13,000 crore PNB scam, he allegedly siphoned off Rs 6,498 crore. The extradition hearing is set for July 17, 2025, with US prosecutors opposing bail....

India's soft drink market is set for a strong rebound, projecting over 10% growth in 2025, following a slowdown due to recent weather disruptions. The carbonated soft drinks segment, valued at ₹30,000 crore, is expected to drive this expansion, benefiting from improved conditions and reduced regional competition....

SEBI has banned Jane Street Group from Indian markets. The firm allegedly inflated prices before selling aggressively, profiting from options while retail investors were misled. SEBI is now seizing Rs 4,840 crore in unlawful gains, highlighting concerns about algorithmic trading's impact on the Indian derivatives market....

India's new Research Development and Innovation (RDI) scheme, backed by a Rs 1 lakh crore corpus, aims to boost private sector R&D and deep-tech startups. It offers long-term, affordable financing for high-impact innovation, managed via a Special Purpose Fund under the ANRF. The initiative seeks to elevate India's R&D spending and foster self-reliance....

The Global Trade Research Initiative (GTRI) cautions India against including genetically modified (GM) agricultural products in its interim trade pact with the US. GTRI warns that importing GM feed could compromise India's GMO-free status, harming agri-exports to the EU. Founder Ajay Srivastava highlights potential shipment rejections and increased testing costs....

Prime Minister Modi's visit to Brazil for the Brics Summit underscores India's commitment to deeper economic integration within the bloc. Business leaders are advocating for the removal of trade barriers and the promotion of local currency trade. India's digital transformation is being showcased as a model for other emerging economies, with calls for sharing successful digital platforms across Brics nations....

Indian Engineer Caught Secretly Working Up To Five Tech Jobs Simultaneously, Offered New Gig At "Cheat On Everything" Startup A Silicon Valley hiring scandal has erupted around an Indian software engineer accused of secretly working for as many as five technology companies simultaneously, exposing vulnerabilities in startup recruitment practices and reigniting debates over remote work accountability. Soham Parekh, based in India, faces mounting allegations from multiple Y Combinator-backed startup founders who claim he misrepresented his employment history while juggling concurrent positions. Suhail Doshi, founder of artificial intelligence startup Playground AI, first exposed the alleged scheme in a series of posts detailing how his company discovered Parekh's simultaneous employment at three to four other firms. Playground AI terminated Parekh within a week of hiring him in 2024, Doshi said. PSA: there's a guy named Soham Parekh (in India) who works at 3-4 startups at the same ti...

India has proposed retaliatory duties against the US for imposing tariffs on auto parts imports, citing violations of WTO norms. The US safeguard measure, a 25% tariff increase, impacts nearly $2.9 billion in Indian exports. India reserves the right to suspend concessions on US products, aiming for equivalent duty collection, as consultations have not occurred....

India remain in control of second Test despite England centuries by Harry Brook and Jamie Smith on Day Three....

Trade Minister Piyush Goyal's remarks come before the deadline set by the White House for July 9 for trade deals....

Commerce and Industry Minister Piyush Goyal announced that the free trade agreement between India and the European Free Trade Association is expected to be implemented within the next few months. The agreement includes a commitment of $100 billion in investments for India over 15 years. Government is promoting high-quality manufacturing by issuing 156 quality control orders covering 672 products....

India's investigation of alleged manipulative trades by Jane Street Group will expand to include other major stock indexes over the coming months, a Securities and Exchange Board of India official said, without providing a timeline of when the probe will end....

The safeguard measures will affect $2,895 million worth of relevant goods from India to the United States annually...

Air India Express faced DGCA scrutiny for allegedly falsifying compliance documents related to Airbus A320 engine maintenance, following a European Union Aviation Safety Agency directive. The airline reportedly missed deadlines for replacing critical engine components, prompting internal disciplinary actions....

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India has threatened to impose levies on some US goods in retaliation to Washington's higher tariffs on automobiles and their components, signaling a tougher stance by New Delhi even as the two nations race to seal an interim trade deal....