Chinese J-16 fighter jets have engaged French-made Rafale aircraft in direct aerial combat drills for the first time during the China-Egypt Eagles of Civilisation exercise. The rare exercise has drawn attention in India, particularly because of the growing military cooperation between China and Pakistan. The drills began on August 22, with Chinese J-16s conducting one-on-one...
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Jaishankar, Lavrov Hold Moscow Talks on Ukraine, Iran, Trade and BRICS
External Affairs Minister S Jaishankar held wide-ranging talks with Russian Foreign Minister Sergey Lavrov in Moscow on Tuesday, covering bilateral ties and several major global issues. The discussions included the situations in Ukraine, Iran and Afghanistan, along with cooperation through BRICS, the Shanghai Cooperation Organisation, the United Nations and the G20. Jaishankar, who arrived in...
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Ajit Doval Meets China Vice President as India-China Border Talks Focus on Peace
National Security Advisor Ajit Doval met Chinese Vice President Han Zhang in Beijing on Tuesday as India and China stepped up efforts to maintain peace along their disputed border and improve bilateral relations. Doval is in China for the latest round of Special Representatives talks with Chinese Foreign Minister Wang Yi on the long-running boundary...
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Pakistan’s Foreign Policy Under Scrutiny as Asim Munir Visits Iran Amid US Tensions
Pakistan’s foreign policy is facing renewed scrutiny as Army Chief Asim Munir visits Iran amid continuing tensions between Tehran, Washington and Israel. Iran has reportedly expressed deep distrust of the United States and called for changes in Washington’s approach. Tehran has also indicated that verbal assurances alone are not enough to rebuild confidence. Against this...
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India’s first tokenised bonds to launch in September
India is set to launch its first tokenised corporate bonds in September, marking a major step towards using blockchain technology in the country’s debt market. State-owned power financier REC will issue the pilot bonds, with the size expected to be below Rs 500 crore. According to people familiar with the plan, the pilot will be...
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India lifts 4-year wheat export ban to boost farmers’ earnings
India has lifted its four-year ban on wheat exports, allowing overseas shipments of wheat and wheat products with immediate effect. The government said the decision will help farmers by improving domestic prices while maintaining sufficient supplies for consumers. The Directorate General of Foreign Trade has changed the export policy from “prohibited” to “free”. The move...
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Piyush Goyal urges Japanese firms to invest and expand operations in India
Commerce and Industry Minister Piyush Goyal has invited Japanese companies to increase investments in India, strengthen local manufacturing and establish innovation centres. He said India’s growing economy, large consumer market and expanding international trade partnerships offer significant opportunities for Japanese businesses. Addressing representatives of Japanese companies, Goyal said India is opening up to greater international...
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UPI expands to 11 countries, records Rs 29.87 lakh crore in July
India’s Unified Payments Interface (UPI) continues to strengthen its position as a major digital payments platform, with operations now extending to 11 countries. The platform processed transactions worth Rs 29.87 lakh crore in July, according to the government. The Press Information Bureau said UPI has grown nearly 12,000-fold over the past decade and has become...
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Tata Sons Board to Meet September 17, Chandrasekaran Exit May Be Discussed
The Tata Sons board is likely to meet on September 17, with chairman N Chandrasekaran’s decision not to seek a third term potentially coming up for discussion. The meeting could also provide clarity on the next steps in the group’s leadership succession, although no formal proposal or vote has been confirmed. According to a Moneycontrol...
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Sugar Prices Surge: Government Tightens Import Rules to Curb Hoarding
Amid a sharp rise in sugar prices, the government has tightened rules for imported raw sugar to ensure faster availability in the domestic market and prevent hoarding. Under the revised conditions, imported raw sugar must be converted into refined sugar within two months, and the refined product must also be sold within the same period....