August 1, 2025

US Announces 25% Tariff on Indian Imports; Pharma Sector Exemption Expected

The US government has announced a 25% tariff on imports from India, including the pharma sector, which may face significant cost increases. Analysts predict a potential rollback for the pharmaceutical industry due to its role in maintaining affordable healthcare. Indian drug makers are closely monitoring these developments.

August 1, 2025

BMC Extends Deadline for Textile Museum Project Amid Limited Interest

BMC has extended the deadline for bids to develop a textile museum at the India United Mills site in Byculla after receiving only one response. The project aims to revive mill culture and educate the public about Mumbai's industrial heritage.

July 31, 2025

Europe's Economy Struggles Amidst Tariff Risks

Europe's economy grew by just 0.1% in Q2, following a 0.6% rise in Q1. U.S. tariffs pose challenges, particularly for Germany, which saw a 0.1% decline in GDP. Experts predict continued economic struggles for the region moving forward.

July 31, 2025

Synergy Marine Group Appoints Vikas Trivedi as Co-CEO

Synergy Marine Group has appointed Vikas Trivedi as Co-CEO for ship management, overseeing its tanker and gas carrier division. With nearly 25 years of experience, Trivedi aims to enhance operational safety and efficiency. His appointment underscores Synergy's commitment to quality leadership, with a significant proportion of its workforce being Indian nationals.

July 31, 2025

Limited Impact of Scotch Whisky Tariff Cuts in India

Despite the India-UK trade deal reducing Scotch whisky import tariffs to 75%, Indian consumers may see less than 10% price reduction due to high local taxes and fees. The complex tax regime and rising popularity of local spirits suggest that the tariff cut might not significantly benefit whisky lovers in India.