Author: NNI Editor

Export of iPhones, smartphones, tablets, laptops from India to the U.S. will be cheaper by 20% compared to those shipped from China following the exemptions given by the Trump administration, industry body ICEA said on Sunday (April 13, 2025).The U.S. government on Saturday amended its tariff order to exempt smartphones, tablets, laptops, and some other electronic devices from the new taxes.”China still has 20% of iPhones, laptops, tablets, and watches. Only reciprocal tariff has been removed for China. India has zero tariff on iPhones and all smartphones, laptops and tablets exported to the U.S. Vietnam also has zero tariff on…

Some of Mumbai’s corporate titans such as Essar Group, Aditya Birla Group, JSW Steel and Taj Group are fuming over an eviction order targeting their business jets at the Adani-owned Chhatrapati Shivaji Mumbai International Airport (CSMIA). Industry insiders claim the move is a strong-arm tactic to force them to relocate to the soon-to-open Navi Mumbai airport, also under Adani’s control. Adding fuel to fire, Navi Mumbai airport has decided to levy a ₹20 crore parking stand fee, plus an annual fee, a rate which some call “illegal”, arguing that only the tariff regulator has the authority to fix such charges. The…

Generic drugmaker Aurobindo Pharma has received final approval from the U.S. Food and Drug Administration (U.S. FDA) to manufacture and market Rivaroxaban Tablets USP, 2.5 mg.The approved product is bioequivalent and therapeutically equivalent to the reference listed drug Xarelto 2.5 mg of Janssen Pharmaceuticals Inc., the Hyderabad-headquartered company said on Saturday.  It plans to launch the product by June. The approved product had an estimated U.S. market size of $447 million for the twelve months ending February 2025, the company said citing IQVIA numbers. Rivaroxaban Tablet USP is used to reduce the risk of stroke and systemic embolism in patients with nonvalvular atrial…

Saturday’s outage was the second such occurrence in April, 2025 | Photo Credit: Naturecreator The National Payments Corporation of India (NPCI) informed late Saturday night that the Unified Payments Interface (UPI) have been stable since late afternoon and that they continue to monitor the situation closely. Earlier around noon, the payments interface was host to “intermittent technical issues” which were resulting in transactions being declined. This was across several banks and platforms.  NPCI is currently facing intermittent technical issues, leading to partial UPI transaction declines. We are working to resolve the issue, and will keep you updated. We regret the…

Akhil Gupta. | Photo Credit: The Hindu Ahead of its IPO, quick commerce unicorn Zepto has appointed Bharti Enterprises vice-chairman Akhil Gupta as an independent director to its board.Currently, Zepto co-founders Aadit Palicha and Kaivalya Vohra, alongside Avra founder Anu Hariharan, and Nexus Venture Partners co-founder and Managing Director Suvir Sujan, are among the other board members of the quick commerce firm.A source privy to the development said Zepto has appointed Airtel’s Akhil Gupta to the company board.Bharti Enterprises is the parent company of Bharti Airtel.Notably, Mr. Gupta has spearheaded the successful public listings of Bharti Airtel (2002), Bharti Infratel…

Heralding a lower interest rate regime for bank deposits in line with a total of 50 basis points rate cut by the Reserve Bank of India in two instances, government-owned Bank of India on Saturday announced the withdrawal of its special fixed deposit scheme for 400 days where interest rate was at maximum of 7.30%.The bank has also reduced interest rate on its short-term and medium-term fixed deposits for various maturities with effect from April 15, 2025. The bank has reduced its interest rate for fixed deposits for amount of less than ₹3 crore and is now offering 4.25% for deposits maturing between…

With AI and ML being the buzz word today, real estate developer Saptashree Group has announced the launch of a commercial real estate project, an IT Park called AI Thane, to attract tech savvy tenants and investors. From facial recognition security and automated climate control to predictive maintenance and smart energy management systems, every aspect of the park will be monitored and optimised by machine learning technologies, the developer said. The project will have Mumbai Metropolitan Region’s (MMR) first AI-powered human less parking ecosystem for effortless parking for office goers, it added.  Situated in the business district of Wagle Estate, Thane, the…

When U.S. President Donald Trump announced retaliatory tariffs on April 2, the 26% tariff on India came as unexpected to many Indian exporters.Of the total merchandise exports from India in 2023-2024, close to 18% of the shipments were to the U.S. and a substantial portion of these are made in MSME clusters such as Coimbatore and Tiruppur.The retaliatory tariff led to anxiety and uncertainty among both U.S. buyers and Indian suppliers and discussions commenced on prices, new suppliers, cancellation of orders, etc. The 90-day pause has given some respite and hope, though the risks of unpredictability continue.BKS Textiles, which is…

The benchmark Nifty 50 rose 1.92% to close at 22,828.55, two days after U.S. President Donald Trump announced a pause on reciprocal tariffs.All sectors were in the green, with Nifty Metal increasing 4% and Nifty IT 0.69%. Hindalco, JSW Steel and Tata steel grew the highest in Nifty 50. TCS, Apollo Hospital and Asian Paints were in the red within the benchmark index.“After shifting into a range-bound action with negative bias on Wednesday, Nifty witnessed an excellent bounce back on Friday and closed with a hefty gain of 429 points. It opened on a sharp upside gap of 297 points…

Image used for representation only. | Photo Credit: Getty Images/iStockphoto Unified Payments Interface (UPI) services have been affected with multiple reports of failure of transactions from across the country. The National Payments Corporation of India (NPCI), which manages the UPI operations, acknowledged the outage and said that it was working to resolve the issue, hours after several users flagged the issue.“NPCI is currently facing intermittent technical issues, leading to partial UPI transaction declines. We are working to resolve the issue, and will keep you updated. We regret the inconvenience caused,” the NPCI said in a post on X.NPCI is currently…