Officials from the Food and Drug Administration (FDA) have seized counterfeit drugs worth Rs 1.85 crore after conducting raids at two locations in Maharashtra’s Thane district. The raids, which took place in Bhiwandi and Mira Road over the past few months, uncovered a scheme where the accused were manufacturing and selling spurious medicines while falsely branding them as original products. The drugs were distributed across several states, deceiving patients and jeopardizing p

Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status granted to India, which could result in higher taxes for Indian companies operating in the country. Starting January 1, 2025, Indian companies will face increased withholding tax rates on income such as dividends and royalties generated in Switzerland. The new tax rules will impose a 10% tax on dividends earned by Indian entities. This move follows a ruling by the Indian Supreme Court in October 2023, which sta

On Friday, Russia launched a massive aerial assault on Ukraine, firing 93 missiles and nearly 200 drones, marking one of the heaviest attacks on the country’s energy sector since the invasion began nearly three years ago. Ukrainian President Volodymyr Zelenskyy described the assault as part of Russia’s ongoing strategy to terrorize millions of people and demanded a strong global response. Ukraine's air defense systems intercepted 81 missiles, including 11 cruise miss

BEML Ltd. is working on an ambitious timeline to roll out India’s first indigenous bullet train by December 2026, as revealed by Chairman and Managing Director Shantanu Roy. The company has been tasked with designing and manufacturing the bullet trains for the highly anticipated Mumbai-Ahmedabad route. This project marks a significant milestone in India's railway history, with BEML focusing on building two prototypes. Roy emphasized the importance of intellectual property

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

The Lok Sabha will hold a two-day debate starting today to mark 75 years of the Indian Constitution, though tensions are high between the BJP and Congress, which are embroiled in a bitter political war. Defence Minister Rajnath Singh will kick off the debate for the BJP, with several MPs from the ruling party and allies, including Karnataka's former Chief Minister HD Kumaraswamy, expected to speak. Prime Minister Narendra Modi will respond to the debate and opposition attacks on Saturday

The aftermath of the YSR Congress' landslide defeat in the 2024 general election has left the party in turmoil, with many senior leaders defecting. Prominent figures like Alla Nani, Breda Mastan, Avanti Srinivas, and Grandhi Srinivas have already parted ways with Jagan Mohan Reddy’s leadership, signaling the party’s deepening crisis. Adding to the woes, seasoned Andhra Pradesh politician and former Congress MLA Gone Prakash Rao has claimed that 4-5 more MLAs are likely to leav

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, continues to impress with his unparalleled work ethic, even at the age of 74. Despite expectations that age would slow him down, Naidu chaired a marathon 13-hour conference, which started at 9:30 AM and concluded around 10:40 PM. The conference covered a broad range of crucial topics, such as sand and liquor policies, pension program disparities, and other key governance issues. One of the notable moments during the conference

The Kerala State Disaster Management Authority has issued a red alert for heavy rainfall in Pathanamthitta, Ernakulam, and Idukki districts due to a low-pressure system over the Gulf of Mannar. The Central Meteorological Department has also declared a high alert for central and southern Kerala. An orange alert is in effect for Thiruvananthapuram, Kollam, Alappuzha, Kottayam, and Thrissur districts, while a yellow alert has been issued for all other districts, excluding Kannur and Kasargod.

Efforts are underway to secure the early release and repatriation of 14 Indian fishermen, including seven from Tamil Nadu, who have been detained in a Pakistani jail since January. Union External Affairs Minister S. Jaishankar informed Tamil Nadu Chief Minister M.K. Stalin about the ongoing diplomatic efforts. This followed a letter from Stalin, dated November 20, urging swift action for the fishermen’s release. Jaishankar stated that the Indian government had raised the matte

Clemency Announcement and Scope: President Joe Biden has announced the largest single-day act of clemency in modern U.S. history, commuting the sentences of approximately 1,500 individuals who had been released from prison and placed under home confinement during the COVID-19 pandemic. This decision applies to those who have served at least one year on home confinement after their release. The move aims

The YSR Congress Party (YSRCP), led by Jagan Mohan Reddy, has been thrown into turmoil following a crushing defeat in the 2024 Andhra Pradesh elections, where the party secured only 11 out of 175 seats. This electoral setback, at the hands of the NDA coalition led by Chandrababu Naidu and Pawan Kalyan, has escalated into an existential crisis for the party, compounded by a series of defections. Two prominent former MLAs, Avanthi Srinivas and Grandhi Srinivas, resigned from the party

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo

 In light of US President-elect Donald Trump's proposed tariff measures on China, Canada, and Mexico, India is poised to capitalize on potential shifts in global manufacturing. With Trump’s plan to impose tariffs of 25% on Canada and Mexico and 10% on China, manufacturers may seek alternative locations to bypass the 60% levy on Chinese goods. India, with its low-cost labor, skilled workforce, and growing tech sector, is an attractive destination for this shift. Invest

The fall of Bashar al-Assad’s 50-year regime has ushered in a new chapter for Syria, marked by jubilation and uncertainty. In Damascus, crowds celebrated the regime's collapse, while other groups, including rebel factions, engaged in efforts to stabilize the country and fill the power vacuum left behind. Syrian journalist Abdo Fayyad attributes this shift to the 2016 opposition victories in Idlib, which laid the groundwork for today’s rebel advances. While the future

Deputy CM Pawan Kalyan recently criticized former CM YS Jagan for allegedly running the state’s temples like a business operation, shortly after the discovery of adulterated ingredients in the famous Tirumala Laddu. However, with the new TTD (Tirumala Tirupati Devasthanams) board now in place, led by the experienced BR Naidu, significant changes are being made to improve the operations and environment at the Tirumala temple. Under the new leadership, the TTD has focused on res

Coffee prices have reached record highs, driven by a significant reduction in Brazil’s coffee crop. As the world’s largest coffee producer, Brazil's struggles with adverse weather conditions have created a global supply shortage, pushing Arabica coffee futures up by 73% over the past year and 31% in the last month. Additionally, Robusta prices have also surged due to similar global supply constraints, with prices for Q2 rising 82% year-on-year. This price surge is im

Bird Flu Mutation and Global Spread: Health experts are raising concerns about the growing threat of bird flu, particularly due to the H5N1 strain, which has shown signs of mutation. Initially identified in China in 1996, the virus has been spreading more rapidly in recent years, reaching new regions such as Antarctica. Since October 2021, over 300 million poultry birds have been killed or culled to pre

US President-elect Donald Trump has selected Kimberly Guilfoyle, a former Fox News host and political fundraiser, as the next ambassador to Greece. Guilfoyle, who has been engaged to Donald Trump Jr. since December 2020, has been described as a "close friend and ally" of Trump but her relationship with his son was not mentioned in the official announcement. Trump praised her for her leadership and experience in law, media, and politics, stating she was well-suited to strengthen rela