Global economy
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Scotch whisky tax dispute: France’s Pernod retreats in court fight over $314 million Indian levy
Fp Business Desk •The French liquor giant has withdrawn its petition before the Delhi High Court and will instead challenge the Rs 2,700 crore ($314 million) tax demand through the statutory appellate process.
Paramount-Skydance merger: Why US states are challenging the deal
Fp Business Desk •A US federal judge has temporarily halted the proposed $110 billion Paramount-Skydance and Warner Bros. Discovery merged on August 3, after 12 Democratic-led states argued the deal could significantly reduce competition in the entertainment industry.
Why oil prices never spiralled despite five months of the US-Iran war
Fp Business Desk •Fears of a $200-a-barrel oil shock never materialised as weaker Chinese demand, record US production, supply rerouting and new consumption patterns kept the global crude market surprisingly resilient.
Indian students look beyond the US as Europe emerges as preferred study destination
Fp Business Desk •Lower tuition fees, clearer post-study work pathways under the India-EU trade pact, and tighter immigration rules in the US are prompting more Indian students to choose Europe for higher education.
Monsoon Session 2026 puts spotlight on new income tax laws, foreign funding rules and reform bills
Fp Business Desk •The Centre has lined up a packed legislative agenda for the Monsoon Session of Parliament, with major Bills on tax reforms, MSME development, foreign funding regulations, higher education, and judicial reforms set to be taken up.
India visa, passport services on hold in Australia, to resume only after govt nod: VFS Global
Fp Business Desk •Consular, Passport and Visa services remain suspended since July 1, with applications on hold until the High Commission of India authorises their reinstatement.
RBI proposes stricter data governance norms for banks, NBFCs
Fp Business Desk •Draft framework lays down regulatory expectations on data governance, quality, architecture and third-party data sharing as financial sector becomes increasingly digital.
PM Modi to flag off India’s first hydrogen-powered train, marking a new era in green rail mobility
Fp Business Desk •The 10-coach hydrogen fuel cell train, capable of carrying around 2,600 passengers, will begin operations between Jind and Sonipat on July 17, showcasing India's push towards clean transportation and indigenous railway technology.
PM Modi hails record auto sales as India's passenger vehicle dispatches surge 26% in Q1
Fp Business Desk •Prime Minister says milestone reflects India's manufacturing strength as SIAM reports highest-ever first-quarter sales across passenger vehicles, two-wheelers, commercial vehicles and three-wheelers
India investment isn't a burden, it's an opportunity: Envoy on how New Zealand may gain from FTA
Fp Business Desk •Envoy says investment in India creates long-term value, points to Japan and South Korea's success; calls the trade pact a "tremendous opportunity" for both nations.