Author: News Desk

US authorities are reportedly working to resolve fraud charges against billionaire Gautam Adani, a case that has shadowed Asia’s richest person for more than a year. According to Bloomberg, officials are now moving toward winding down both criminal and civil proceedings linked to the allegations. Possible withdrawal of criminal case Sources familiar with the matter told Bloomberg that the US Department of Justice may announce as early as this week that it is dropping the criminal charges. The move is said to be linked to the fact that the accused have remained outside the United States, making prosecution difficult to…

After staying unchanged for over two years, state-run oil marketing companies have finally revised fuel prices. Petrol and diesel prices were increased by about ₹3 per litre, marking the end of a prolonged freeze that had kept retail rates steady despite global volatility in crude oil markets. The timing of the revision has drawn attention as it comes shortly after the conclusion of key state assembly elections in Assam, Kerala, Tamil Nadu, and West Bengal. Voting in phases wrapped up between early and late April, and the price adjustment followed about 16 days after the final phase. New petrol and…

Foxconn is set to establish Uttar Pradesh’s first semiconductor park in the Yamuna Expressway Industrial Development Authority region near Greater Noida, marking a major push toward advanced electronics manufacturing in North India. The proposed semiconductor park will reportedly be developed across nearly 48 acres in Sector 28 with an estimated investment of around ₹4,000 crore. Uttar Pradesh Chief Minister Yogi Adityanath has reviewed the project and directed officials to ensure world-class technology standards and timely execution. Officials say the project is expected to create nearly 3,000 direct and indirect jobs while helping Uttar Pradesh emerge as a major hub for…

Rolls-Royce and Hindustan Aeronautics Limited are expanding their manufacturing partnership in India as part of a broader push to strengthen local aerospace and defence production. According to reports, the collaboration will focus on increasing the manufacturing of high-precision aerospace engine parts and strengthening India’s position within Rolls-Royce’s global supply chain network. The partnership aligns with India’s “Make in India” strategy, which aims to boost domestic manufacturing capabilities in defence, aviation, and advanced engineering sectors. Industry observers say global aerospace companies are increasingly viewing India as a key hub for high-skill engineering and precision manufacturing. Rolls-Royce already sources a wide range…

Adani Airport Holdings Limited and IHG Hotels & Resorts have signed a landmark five-hotel portfolio agreement that will add nearly 1,500 rooms across major airport-linked destinations in India. The partnership includes the India debut of Kimpton Hotels & Restaurants, IHG’s luxury boutique hospitality brand known globally for design-focused hotels and premium dining experiences. According to the announcement, the hotels will be developed across Jaipur, Navi Mumbai, Mangaluru, and Thiruvananthapuram as part of Adani Airport Holdings’ broader airport city development strategy. The portfolio will also include Holiday Inn and Holiday Inn Express properties integrated into mixed-use airport-linked urban developments. Pranav Adani…

The Union Cabinet has approved the upgradation and modernisation of Dr. Babasaheb Ambedkar International Airport through a long-term public-private partnership model. According to the government, the project will involve the participation of a private partner under a long-term licence agreement aimed at improving passenger facilities, cargo handling capacity, operational efficiency, and aviation infrastructure. Officials say the airport modernisation is expected to support rising passenger traffic and strengthen Nagpur’s position as a strategic logistics and connectivity hub in central India. The city is already considered an important cargo and multimodal transport centre due to its geographic location. The project is also…

Donald Trump and Xi Jinping are engaged in a high-level summit at the Great Hall of the People in Beijing amid escalating geopolitical tensions across West Asia and growing uncertainty in the global economy. The summit is focused on key issues including the US-China trade dispute, the Iran crisis, artificial intelligence cooperation, semiconductor restrictions, Taiwan tensions, and instability in global oil markets. Analysts say the outcome of the talks could significantly influence international trade, technology partnerships, and geopolitical alignments. Reports indicate China strongly objected to continued US arms sales to Taiwan, with Xi Jinping reiterating Beijing’s uncompromising stance on the…

Foreign ministers from BRICS nations have assembled in New Delhi for a high-level two-day meeting taking place amid escalating geopolitical tensions, including the Iran conflict, instability in West Asia, and global economic uncertainty. Addressing the gathering, India’s External Affairs Minister S. Jaishankar stressed the need for deeper cooperation among emerging economies to tackle conflicts, economic instability, supply-chain disruptions, climate challenges, and technological competition. He said BRICS must evolve into a stabilising force during a period of growing global uncertainty. Jaishankar also highlighted the importance of collaboration in energy security, food supply, fertiliser access, healthcare, financial stability, and counterterrorism while advocating…

Prime Minister Narendra Modi is expected to sign multiple agreements with the United Arab Emirates during his upcoming visit, focusing on LPG supply, petroleum cooperation, and strategic oil reserves. The discussions are expected to strengthen India’s long-term energy security strategy as the country seeks stable fuel supplies amid global geopolitical tensions and volatile crude oil markets. Officials say energy cooperation remains a key pillar of the India-UAE strategic partnership. Reports suggest the agreements may include expanded LPG sourcing arrangements, collaboration on petroleum storage infrastructure, and enhanced cooperation in crude oil reserves management. Analysts believe such partnerships are critical for India,…

Cisco has announced plans to cut nearly 4,000 jobs globally as part of a major restructuring aimed at increasing investments in artificial intelligence and other fast-growing technology sectors. The layoffs are expected to affect less than 5% of Cisco’s global workforce and will reportedly take place during the fourth quarter of fiscal 2026. Cisco CEO Chuck Robbins said the company is redirecting investments toward AI infrastructure, silicon, optics, networking, and cybersecurity to strengthen its position in the rapidly expanding AI market. The restructuring comes despite Cisco reporting stronger-than-expected quarterly revenue growth driven by rising demand from hyperscale AI data centre…