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Last updated on 8 Sep,2025 02:35 PM
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Refresh- IT Inc worries as US may slap tariffs on software exportsIndia's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.
- 'Propaganda': Peter Navarro slams Elon Musk after his X post on India’s Russian oil purchases gets fact-checkedPeter Navarro, former Trump advisor, lashed out after being fact-checked on X for spreading misinformation about India's Russian oil purchases. He accused Elon Musk of allowing "propaganda" and reiterated his claim that India is exploiting the situation for profit. Navarro insisted India didn't buy Russian oil before the Ukraine invasion.
- Modi-Putin-Xi meet shows how chaos in the West is bolstering China's riseThe recent summit in China, featuring leaders from non-Western nations, exposed the disarray within the US and Europe. While the Shanghai Cooperation Organization summit yielded few concrete outcomes, it showcased China's coherent actions and achievable trajectory in building an alternative to the US-dominated international system.
- 'More' secondary sanctions on countries buying Russian oil can damage Moscow's economy: BessentUS Treasury Secretary Scott Bessent stated that the Russian economy faces imminent collapse if the US and EU impose further secondary sanctions on nations purchasing Russian oil. The Trump administration has already imposed a 50% tariff on Indian oil purchases from Russia.
- Inside Trump’s crypto empire and its impact on international relationsTrump's shift to cryptocurrency advocacy after accepting crypto donations has sparked ethical and security concerns. His administration's deals through World Liberty Financial (WLF) with countries like Pakistan and UAE raise red flags about conflicts of interest. These actions may weaken anti-money laundering measures, potentially enabling illicit activities and creating geopolitical flashpoints.
- Election Commission may roll out pan-India special electoral roll revision this monthThe Election Commission of India is gearing up for a nationwide Special Intensive Revision (SIR) of electoral rolls, mirroring the recent exercise in Bihar. Scheduled to commence later this month or early October, it aligns with the annual summary revision due by January 1, 2026.
- Kerala Congress social media head quits amid Bihar backlashFollowing a contentious tweet linking bidis and Bihar, which sparked outrage from political parties, including ally RJD, the Congress party's Kerala unit social media head resigned. The controversial post, deemed a misfired attempt to connect tobacco tax hikes with the Bihar election, led to apologies and a decision to revamp the Kerala Congress social media wing after backlash.
- Spooked by Indian strikes during Operation Sindoor, Senior Pak Air Force officer blusters about 60-0 score 'next time'Following significant losses to its air bases and fighter planes during Operation Sindoor, Pakistan's military is resorting to bold statements. An Air Vice Marshal vowed a much larger victory against India in the future, despite the Indian Air Force's confirmation of destroying multiple Pakistani aircraft, command centers, radars, and hangars during the operation launched in response to a terror attack.
- How Trump is weaponising the government to settle personal scores and pursue his agendaDonald Trump, employing a poker analogy, views power as accumulating and deploying cards. In his second term, he's accused of weaponising government against perceived adversaries, including universities and media. Despite campaigning against such actions, Trump has been criticised for using presidential power to target political opponents and settle scores, prompting debate over the extent of executive authority.
- US tariff issue: PM Modi has become 'enemy of the nation', claims Mallikarjun KhargeMallikarjun Kharge criticized Prime Minister Modi, alleging he prioritized friendship with Donald Trump over national interests, leading to detrimental US tariffs. Kharge emphasized India's tradition of non-alignment and accused Modi of damaging the country's international standing by openly endorsing Trump. He also highlighted issues the Congress plans to address in upcoming elections, including unemployment and farmers' concerns.
- Trump's aide Sergio Gor seen as bridge-builder in India-US tiesDonald Trump's pick of Sergio Gor, a close aide, as the next US ambassador to India could significantly impact the relationship amid existing challenges. Gor's direct access to Trump could help bridge divides created by others and facilitate open communication regarding India's concerns. His strong ties with the Trump family further solidify his potential to strengthen India-US ties.
- Volkswagen presents compact electric SUV ID.CROSSVolkswagen on Sunday unveiled the ID.CROSS, a small electric SUV concept set for launch in summer 2026, priced between €28,000 and €30,000. Brand chief Thomas Schaefer said the model reflects Volkswagen’s push to deliver affordable EVs amid rising competition from China.
- Hyundai announces price cuts up to Rs 2.4 lakh following GST reforms: Check changes for each model hereHyundai Motor India will pass on GST reform benefits to customers. The company announced significant price reductions across its passenger vehicle lineup. Effective September 22, 2025, Hyundai cars and SUVs will become more affordable. Price cuts will be up to Rs 2.4 lakh. This move aims to boost sales during the festive season.
- Food delivery likely to get costlier on platform fee hike, GST levyFood delivery is set to get costlier as Zomato, Swiggy and magicpin have raised platform fees ahead of the festive season, with an additional 18% GST on delivery charges effective September 22. Swiggy now charges Rs 15, Zomato Rs 12.50 (plus GST), and magicpin Rs 10 per order. The hikes highlight rising costs in India’s food delivery sector.
- Modi-Xi handshake, tax cuts boost case for lagging Indian stocksPrime Minister Narendra Modi’s symbolic handshake with President Xi Jinping in China, combined with fresh tax cuts at home, is fueling optimism that Indian equities will finally narrow the gap with their emerging-market peers.
- Potus undoes some knots in ties; PM Modi responds in kindDespite recent trade tensions, Prime Minister Modi and President Trump express mutual appreciation for the India-US partnership. Trump acknowledges their "special relationship," even while expressing disappointment over India's oil imports from Russia and imposing tariffs. Modi reciprocates Trump's positive assessment, emphasizing the forward-looking nature of their strategic alliance, signaling a potential thaw in relations.
- Russia strikes Ukraine's cabinet of ministers building in KyivMoscow targeted Kyiv's cabinet building for the first time since the war began, as confirmed by Ukraine's Prime Minister. A mass drone and missile attack on the capital resulted in at least two fatalities, including a one-year-old child. Residential buildings in Kyiv's Sviatoshynskyi and Darnytskyi districts were also struck by Russian drone debris.
- PhysicsWallah files updated papers for Rs 3,820 crore IPO, Alakh Pandey, Prateek Maheshwari to pare stakePhysicsWallah (PW) has filed its updated draft red herring prospectus (UDRHP) with Sebi, aiming to raise Rs 3,820 crore through a mix of fresh issue (Rs 3,100 crore) and an offer-for-sale by its cofounders Alakh Pandey and Prateek Maheshwari (Rs 3,600 crore each).
- Japan's Prime Minister Shigeru Ishiba resignsJapanese Prime Minister Shigeru Ishiba announced his resignation following his party's historic defeat in July's parliamentary election. Facing mounting pressure from within the Liberal Democratic Party, Ishiba's decision aims to prevent further division. A leadership vote is expected in early October to choose his replacement, with potential candidates including Shinjiro Koizumi and Yoshimasa Hayashi.
- GST cuts elude detergents, cosmetics; analysts and FMCG players say it's surprisingIndustry experts are surprised that detergents and cosmetics remain under the 18% GST slab despite the govt's restructuring aimed at boosting consumer spending. While taxes on essential FMCG products like soaps and toothpaste have been reduced to 5%, detergents, hair dye, and household insecticides were excluded.
- Trump offers peace pipe. Modi responds. What next?After a period of heightened tensions marked by sharp rhetoric, a sudden shift in tone has occurred between US President Donald Trump and India's Prime Minister Narendra Modi. Despite earlier criticisms and concerns over India's foreign policy, both leaders are now expressing warmth and optimism about the bilateral relationship.
- IT Inc worries as US may slap tariffs on software exportsIndia's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.
- Trump makes U-turn on India, calls PM Modi ‘a great friend’ a day after ‘lost to darkest China’ swipeAmidst tensions over tariffs and Russian oil purchases, US President Donald Trump stated that the India-US relationship remains "special," despite earlier suggesting India and Russia were lost to China. Trump expressed disappointment over India's energy ties with Moscow, citing a 50% tariff imposed on India.
- Trump's advisor Navarro needles India once againPeter Navarro, trade advisor to Donald Trump, is stirring controversy by supporting tariffs on foreign remote workers, potentially impacting India's IT services exports. This move resonates with Trump's "America First" agenda, targeting Indian tech workers and outsourcing. While formal tariffs may be challenging, non-tariff barriers could be employed, posing a threat to India's $250+ billion IT industry.
- 'Propaganda': Peter Navarro slams Elon Musk after his X post on India’s Russian oil purchases gets fact-checkedPeter Navarro, former Trump advisor, lashed out after being fact-checked on X for spreading misinformation about India's Russian oil purchases. He accused Elon Musk of allowing "propaganda" and reiterated his claim that India is exploiting the situation for profit. Navarro insisted India didn't buy Russian oil before the Ukraine invasion.
- PM Modi cancels address at UNGA General Debate in the USPrime Minister Narendra Modi will not address the UN General Assembly this year; instead, India will be represented by External Affairs Minister S Jaishankar, who will speak on September 27th. The high-level session, opening on September 9th, includes discussions on climate action, gender equality, and global health, amidst ongoing international conflicts and commemorations.
- Deeply appreciate Trump's sentiments, says PM Modi after US President's 'good friends' commentPrime Minister Narendra Modi affirmed the strong, forward-looking Comprehensive and Global Strategic Partnership between India and the United States, reciprocating President Trump's positive sentiments. Trump acknowledged a special relationship with India, despite expressing disappointment over India's energy ties with Russia and imposing tariffs. These remarks followed concerns about India's alignment with Russia and China at the SCO summit.
- 'More' secondary sanctions on countries buying Russian oil can damage Moscow's economy: BessentUS Treasury Secretary Scott Bessent stated that the Russian economy faces imminent collapse if the US and EU impose further secondary sanctions on nations purchasing Russian oil. The Trump administration has already imposed a 50% tariff on Indian oil purchases from Russia.
- India will be at negotiating table 'in a month or two': US Commerce Secretary Howard LutnickUS Commerce Secretary Howard Lutnick suggests India will eventually seek a deal with Donald Trump, despite current tensions over Russian oil purchases. Lutnick criticized India's increased reliance on discounted Russian oil and its role in BRICS, urging New Delhi to align with the US. He believes economic realities will compel India to prioritize its relationship with the American consumer.
- Modi-Putin-Xi meet shows how chaos in the West is bolstering China's riseThe recent summit in China, featuring leaders from non-Western nations, exposed the disarray within the US and Europe. While the Shanghai Cooperation Organization summit yielded few concrete outcomes, it showcased China's coherent actions and achievable trajectory in building an alternative to the US-dominated international system.
- 'No more visas for India': How Charlie Kirk’s 'we’re full' remark could impact Indian professionals in the USCharlie Kirk's recent remarks against providing more US visas for Indian professionals have sparked controversy, raising concerns about the potential impact on the US economy and innovation. His statement, made amidst US-India trade negotiations, has been criticized for targeting a community vital to key sectors like technology and healthcare.
- Nirmala Sitharaman flags GST 2.0 as final piece in big tax reforms, says overhaul was driven by affordability & AatmanirbhartaFinance Minister Nirmala Sitharaman asserts that the GST revamp is a significant taxation reform, poised to positively impact India's economy. While not directly addressing tariff challenges, it offers a cushion. The government is also working on supporting tariff-hit sectors, with potential measures expected soon, particularly for textiles.
- Beyond tariffs: US creates new visa hurdles for Indian students, visitorsIndians applying for US student or visitor visas in other countries to avoid long wait times at home now face a setback. A new US rule requires non-immigrant visa applications to be made only from the applicant’s home country, ending a Covid-era flexibility and adding more pressure to India's overloaded visa system.
- Inside Trump’s crypto empire and its impact on international relationsTrump's shift to cryptocurrency advocacy after accepting crypto donations has sparked ethical and security concerns. His administration's deals through World Liberty Financial (WLF) with countries like Pakistan and UAE raise red flags about conflicts of interest. These actions may weaken anti-money laundering measures, potentially enabling illicit activities and creating geopolitical flashpoints.
- Election Commission may roll out pan-India special electoral roll revision this monthThe Election Commission of India is gearing up for a nationwide Special Intensive Revision (SIR) of electoral rolls, mirroring the recent exercise in Bihar. Scheduled to commence later this month or early October, it aligns with the annual summary revision due by January 1, 2026.
- Spooked by Indian strikes during Operation Sindoor, Senior Pak Air Force officer blusters about 60-0 score 'next time'Following significant losses to its air bases and fighter planes during Operation Sindoor, Pakistan's military is resorting to bold statements. An Air Vice Marshal vowed a much larger victory against India in the future, despite the Indian Air Force's confirmation of destroying multiple Pakistani aircraft, command centers, radars, and hangars during the operation launched in response to a terror attack.
- Kerala Congress social media head quits amid Bihar backlashFollowing a contentious tweet linking bidis and Bihar, which sparked outrage from political parties, including ally RJD, the Congress party's Kerala unit social media head resigned. The controversial post, deemed a misfired attempt to connect tobacco tax hikes with the Bihar election, led to apologies and a decision to revamp the Kerala Congress social media wing after backlash.
- Rahul Gandhi launches newsletter, intensifies attack on EC, BJP over vote theft chargeCongress intensifies its allegations of election discrepancies in Bihar and Karnataka. Rahul Gandhi launched a newsletter accusing the ECI and BJP of colluding to steal votes, highlighting alleged fake voters in Karnataka and his 'Vote Adhikaar Yatra' in Bihar. Mallikarjun Kharge questioned ECI's impartiality, citing a probe into voter fraud in Karnataka's Aland Constituency.
- Higher IPL ticket prices may squeeze franchise revenuesThe GST Council's decision to increase tax on IPL match admissions to 40% from 28% is anticipated to negatively impact franchise revenues, especially for teams in smaller cities. Punjab Kings CEO Satish Menon highlighted the potential severity for franchises outside major metropolitan areas, where price sensitivity is higher.
- How Trump is weaponising the government to settle personal scores and pursue his agendaDonald Trump, employing a poker analogy, views power as accumulating and deploying cards. In his second term, he's accused of weaponising government against perceived adversaries, including universities and media. Despite campaigning against such actions, Trump has been criticised for using presidential power to target political opponents and settle scores, prompting debate over the extent of executive authority.
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