Adani Ports and Special Economic Zone (APSEZ) has announced an $850 million investment plan focused on technology upgrades, decarbonisation initiatives, and capacity expansion as part of its long-term 2030–2031 growth strategy. The initiative also includes up to $100 million allocated in two phases to accelerate automation and optimisation through its expanded partnership with US-based technology…
The Food Safety and Standards Authority of India (FSSAI) has intensified its scrutiny of food labelling and packaging practices, issuing notices to 15 food businesses for allegedly misleading consumers through brand names, trade names and product claims. The regulator, which functions under the Union Health Ministry, said several companies, including Plan B Plant Based Vegan,…
India’s pollution regulator has alleged that wastewater discharged from a Tata Electronics factory supplying components for Apple’s iPhones has contaminated groundwater in nearby agricultural areas in Hosur, Tamil Nadu, and has warned of a possible shutdown if the company fails to provide a satisfactory explanation. According to a notice reviewed by Reuters, the Tamil Nadu…
India’s External Affairs Minister S. Jaishankar has given a sharp rebuttal to criticism from Western countries over India’s purchase of oil from Russia. Speaking at an event in Finland, he said that after the Ukraine war in 2022, the United States itself had requested India to buy oil from Russia to maintain stability in the…
United States-based digital real estate marketplace Opendoor has announced the complete closure of its India operations, resulting in the layoff of all 250 employees in the country. The sudden corporate exit was confirmed early Thursday by Chief Executive Officer Kaz Nejatian in a social media post on X, citing a strategic pivot toward advanced artificial…
The Department of Consumer Affairs on Saturday made it mandatory to package edible oils in certain specific quantities under the Legal Metrology framework. The government has taken this step so that consumers can easily compare prices among various brands and make the right decision. For this purpose, the said department has amended the rules of…
Tata Steel may be forced to push back the timeline of its £1.25 billion decarbonisation project in the United Kingdom by six to eight months due to unexpected delays in securing critical high-voltage electricity access. The company is currently transitioning to a low-carbon steel-making process at its Port Talbot site, replacing its now-defunct blast furnaces…
The Centre has put Bharat Heavy Electricals Limited and Steel Authority of India Limited under immediate review after both public sector undertakings failed to meet the required profitability criteria. If their financial performance does not show a significant turnaround over the next twelve months, both PSUs risk being downgraded to ‘Navratna’ status. Such a demotion…
In a bid to boost sales, businesses associated with the fashion sector have been observed announcing discounts much ahead of their scheduled time this year. Generally, these establishments begin their discount processes from the month of July. However, due to rising inflation and international geopolitical complexities this time around, they have been seen offering discounts…
Federal authorities in California have arrested Jamshid Ghomi, a dual U.S.-Iranian national and tech executive, for allegedly orchestrating a massive, decade-long smuggling network that funneled restricted American technology straight to Iran’s military and nuclear programs. Operating through his Tehran-based computer networking firm, Faraz Pardaz Rayaneh, the 63-year-old CEO is accused of acquiring sophisticated, U.S.-origin networking,…
