Page 24 - India

Makaibari brand owner Luxmi Group buys majority stake in UK's Brew Tea Co

Kolkata-based Luxmi Group, which owns the iconic Makaibari Darjeeling brand, on Tuesday announced that it has acquired a majority stake in UK-based Brew Tea Co, a fast-growing firm which focuses on whole-leaf teas and is known for ethical sourcing and its innovative direct-to-consumer model. Founded in Manchester by Phil and Aideen Kirby, Brew Tea Co has grown into one of the UK's leading specialty tea brands. Its subscription service, delivering 500 g of loose leaf or proper tea bags on a regular basis, now reaches nearly 10,000 homes across the UK, a statement by Luxmi Group said. Co-founders Phil and Aideen Kirby will retain a 20 per cent stake and will continue to lead Brew Tea Co as part of the partnership. "Their vision, hands-on leadership, and deep focus on quality remain central to Brew Tea's growing success," the statement said. "We're excited that with Luxmi, we can now take that same customer promise even further, with even better access to exceptional teas," the ...

Explained: How will India’s jute, textile products ban impact Bangladesh? | Textile sector | Trade

India has shut all land routes for importing jute and several other goods from Bangladesh, allowing access only via the Nhava Sheva port in Maharashtra. The move comes amid rising trade tensions

India to see above-average July rains after wetter than normal June: IMD

The monsoon is the lifeblood of India's nearly $4 trillion economy, delivering almost 70% of the rainfall needed to water farms and replenishing aquifers and reservoirs

Trump wants America to make iPhones. Here's how India is doing it

India is carving out a new space for Foxconn and other high-end manufacturers, just as President Trump demands American companies do at home

Govt will protect textile sector in US trade deal: Goyal tells export body

Commerce and Industry Minister Piyush Goyal has assured industry bodies that the government will protect the interests of the textiles and apparel sector in the proposed trade agreement with the US, AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said he, along with TEXPROCIL (Cotton Textiles Export Promotion Council) Chairman Vijay Agarwal, met the minister to apprise him of key concerns related to the proposed agreement. "The minister gave a patient hearing to the concerns raised and assured the delegation that the government is committed to protecting labour-intensive sectors during the ongoing negotiations under the India-US Bilateral Trade Agreement," the council said in a statement. The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded. It further said that if the US will go ahead with the additional 26 per cent

Post offices across India to start accepting digital payments from August

Post offices across India will start accepting digital payments at counters from August after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don't have their accounts synced with UPI (unique payment interface) system. "The Department of Posts is implementing its IT infrastructure which will have new applications that are enabled to perform transactions with Dynamic QR Code. Rollout will be completed at all post offices by August 2025," an official source told PTI. Pilot rollout of the new system under IT 2.0 has been started in the Karnataka circle. QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices. Initially, the Department of Post had introduced static QR code at the point of sale counters at the post offices to enable digital transactions. However, due to recurring technical difficulties

Indian coal imports from Russia highest in two years in May: Report

India, one of the key buyers of Russian thermal coal, increased its imports from Russia in May to the highest level in two years, business daily Kommersant reported on Friday. The Russian thermal coal deliveries to India rose by 52 per cent in May 2025 compared to April, reaching a two-year high of 1.3 million metric tons, reported Kommersant quoting a business review by the Russian Centre for Price Indices (CCI). Records reveal since June 2023, monthly exports from Russia have not exceeded 1 million tons. Analysts interviewed by the Daily attribute this trend to the flexible pricing strategies adopted by Russian coal exporters, as well as the quality of the fuel itself. While a significant increase in Russia's market share in India is unlikely due to rising domestic production and the high cost of logistics. However, maintaining current shipment levels is entirely feasible, it said, voicing the opinion of experts. India's total thermal coal imports in May increased seasonally by

India criticises Bangladesh for demolition of Durga temple in Dhaka

The MEA condemned the demolition of a Durga temple in Dhaka's Khilkhet by Bangladesh Railway, saying the interim government failed to protect Hindu religious institutions

India in touch with China over rare earth supply chain issues: MEA

The new Chinese restrictions, effective from April 4, require special export licenses for certain specific rare earth elements and their related magnetic products

India’s first AI-powered traffic system goes live on Dwarka expressway | Key features

India has taken a big leap towards smart and safer highways. The Dwarka Expressway in Delhi has become the first in the country to be equipped with an AI-powered Advanced Traffic Management System.

Tech Talk: Schneider Electric MD & CEO on Powering India's AI-Driven, Energy-Smart Future

In this exclusive Tech Talk, Pranjal Sharma sits down with the MD & CEO of Schneider Electric India to explore how the company is powering an AI-driven, energy-smart future for the nation.

China, India cut Indonesian coal imports, shift to higher-grade supply

Coal purchases by China and India from Indonesia, world's biggest exporter, are dropping faster than their overall thermal coal imports, as both nations shift toward higher-calorific value (CV) coal

Indian embassy in Iran begins winding up evacuation mission after ceasefire

The Indian Embassy in Iran said on Tuesday that it is "winding up" the evacuations initiated during the military conflict between Iran and Israel after a ceasefire was reached between the two nations. In a thread on X, however, the Embassy said India is closely monitoring the situation and will revise its strategy if Indian nationals face any security threats. "Since there has been an announcement of ceasefire, the Embassy is gradually winding up the evacuation exercise initiated during the military conflict in Iran," it said. "Hence the Embassy has closed the contact desk that was opened to register new names for evacuation. At the same time, Govt. of India is keeping a careful eye on the evolving situation, & will reassess its strategy in case there is again a threat to the security of Indian nationals in Iran," it added. India launched Operation Sindhu last week to bring back Indians from Iran and Israel, given the increasing hostilities between the two nations. In its post, .

Operation Sindhu: India evacuates over 3,100 Indians from Iran, Israel

India on Tuesday evacuated over 1,100 citizens from Iran and Israel amid ongoing tensions between the two countries, taking the number of evacuees under Operation Sindhu to 3,170. It brought back 594 Indians from Israel, using C-17 heavy-lift aircraft of the Indian Air Force to fly out over 400 people after they were moved out of Israel to Jordan and Egypt by land transit points. Also, 161 Indians were brought back in a chartered flight from Amman after they moved to the Jordanian capital from Israel by road. A total of 573 Indians, three Sri Lankan and two Nepalese nationals were evacuated from Iran in two chartered flights on Tuesday, according to details shared by the Ministry of External Affairs (MEA). With the fresh batches of evacuees from Iran, India has brought back 2,576 Indians from the Persian Gulf nation so far. In total, India evacuated 3,170 Indians from Iran and Israel after Operation Sindhu was launched last week following the conflict between the two countries. T

Glenmark Pharma launches lung cancer treatment drug Tevimbra in India

Glenmark Pharmaceuticals on Tuesday said it has launched the lung cancer treatment drug Tevimbra in India, following the approval by the Central Drugs Standard Control Organisation. Tevimbra is developed by BeiGene (now BeOne Medicines), a global oncology leader. This launch marks Glenmark's first foray into immune-oncology in India and is a major milestone in expanding its innovative oncology portfolio, the company said in a regulatory filing. "At a time when the cancer burden is rising sharply, we are proud to enable oncologists and patients to access Tevimbra, a therapy with proven efficacy and safety outcomes, strong science, and meaningful impact," Glenmark Pharmaceuticals President and Business Head India Formulations Alok Malik said. Immuno-oncology offers a promising future for the treatment of various types of advanced cancers, which are difficult to treat, he said, adding that "Our foray in this area marks a significant inflection point in our journey to build a world-clas

India, UK trade deal likely to be signed by July end, says official

The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday. To give an impetus to the process, Commerce Secretary Sunil Barthwal is in London with his official team. Barthwal will meet UK Secretary of State for Business and Trade Jonathan Reynolds and other British senior officials during his two-day visit. The two countries announced the conclusion of the negotiations on May 6. It will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030. The world's fifth and sixth-largest economies concluded the deal after three years of on-off negotiations. Once the FTA is signed, it will require approval from the British Parliament and India's Cabinet before it can take effect

India should intervene diplomatically to stop Iran-Israel conflict: Mamata

West Bengal Chief Minister Mamata Banerjee on Tuesday expressed concern over the ongoing Iran-Israel conflict and urged the Centre to take diplomatic initiatives to help end the hostilities between the two West Asian nations. The conflict has seen hundreds of missiles and drones exchanged between Israel and Iran since tensions escalated over a week ago, with the situation worsening significantly following the US bombing of three major Iranian nuclear sites on Sunday morning. During her address in the assembly on environmental issues, Banerjee said, "War has broken out in many parts of the world. Such things cause air and water pollution. We have to take steps to stop this." She said, "External affairs come under the Indian government. Diplomatically, peacefully, we must take initiative so that war stops." Banerjee clarified, "I am not authorised to speak on external affairs and diplomatic issues. This is my personal view as a concerned citizen of this world." Speaking on the flood

India rejects OIC remarks as 'unwarranted', slams Pakistan's influence

India on Monday slammed the Organisation of Islamic Cooperation (OIC) for making "unwarranted" and "factually incorrect" references to it while coming under influence of Pakistan, which turned terrorism into "statecraft". India's strong reactions came after a two-day foreign ministerial conclave of the OIC in Turkiye criticised New Delhi on a range of issues including what it said is "social marginalisation" of Indian Muslims. The OIC also called for strict adherence to bilateral pacts between India and Pakistan, including the Indus Waters Treaty and stressed the need for a broad-based dialogue for peaceful settlement of all outstanding disputes. "India categorically rejects the unwarranted and factually incorrect references to India at the OIC council of foreign ministers' meeting," the Ministry of External Affairs (MEA) said in a statement. "These statements, driven by Pakistan, which has turned terrorism into statecraft, reflect the continued misuse of the OIC platform for narro

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India, US trying to finalise interim trade deal before Jul 9: Sources

India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday. The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9. The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff. "We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy," sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9. There are always certain areas which are difficult in a trade agreement, they added. Agriculture and dairy sectors are "difficult and challenging areas for India. And India has not opened up dairy in any of its free trade pacts," one of the sources said. The US wan