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Amazon opens 12-storey office in Bengaluru, company's 2nd largest in Asia

Amazon opens 12-storey office in Bengaluru, company's 2nd largest in Asia

E-commerce giant Amazon on Monday announced the opening of a new office in Bengaluru, its second-largest in Asia. The company’s largest office space is in Nanakramguda, Hyderabad.

The Bengaluru office space, which spans 1.1 million square feet, is a 12-storey campus that can support over 7,000 employees across e-commerce, operations, payments, technology, and seller services in India.

'Too early to comment': FM Sitharaman on impact of US tariff changes

'Too early to comment': FM Sitharaman on impact of US tariff changes

Finance Minister Nirmala Sitharaman on Monday said it is too early to comment on the tariff changes announced by the United States and the commerce ministry is reviewing the situation.

On Friday, the US Supreme Court gave a verdict against the sweeping import tariffs imposed by the Trump administration on trade partners.

Silver, gold ETFs jump up to 10% as metal prices gain amid tariff tensions

Silver, gold ETFs jump up to 10% as metal prices gain amid tariff tensions

Prices of gold and silver exchange-traded funds (ETFs) advanced on Monday, tracking gains in the underlying metal prices amid rising tariff tensions.

Stocks, along with commodity prices, rose after the US Supreme Court struck down broad reciprocal tariffs imposed earlier by US President Donald Trump. Later, he imposed a fresh 15 per cent global tariff on imports from all countries.

Morepen Labs wins ₹825 crore manufacturing contract from global drugmaker

Morepen Labs wins ₹825 crore manufacturing contract from global drugmaker

Morepen Laboratories has secured a multi-year contract development and manufacturing organisation (CDMO) deal worth about ₹825 crore from a global pharmaceutical company, the company said in a BSE filing on Monday.

The company, however, did not disclose the name of the pharmaceutical firm that awarded the contract or provide any other specifics of the deal.

Have requested Shah for CBI probe into Ajit Pawar's plane crash: Fadnavis

Have requested Shah for CBI probe into Ajit Pawar's plane crash: Fadnavis

The Maharashtra government has requested Union Home Minister Amit Shah to order a CBI investigation into the plane crash that killed Deputy CM Ajit Pawar last month, Chief Minister Devendra Fadnavis has said.

The Mahayuti government will ensure that all doubts regarding the plane crash are cleared, Fadnavis said at a press conference on Sunday on the eve of the budget session of the Maharashtra legislature.

IDFC First Bank reports ₹590 crore fraud at its Chandigarh branch

IDFC First Bank reports ₹590 crore fraud at its Chandigarh branch

Private-sector lender IDFC First Bank on Sunday said it had detected a ₹590 crore fraud at one of its branches in Chandigarh, pertaining to accounts related to the Haryana state government.

The bank has suspended four of its branch employees.

Court rejects bail to PFI national leader accused of links with ISIS

Court rejects bail to PFI national leader accused of links with ISIS

A court has dismissed the bail petition of the national in-charge of the education wing of the banned PFI after the NIA opposed the plea, alleging that he had organised armed training and propagated ISIS ideology.

NIA Court judge MK Mohandas on Friday dismissed the bail plea of Ashraf alias Karamanna Ashraf Moulavi.

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

Indian-origin American lawyer Neal Katyal has emerged at the centre of a landmark US Supreme Court ruling that struck down US President Donald Trump’s sweeping reciprocal tariffs. The court, in a 6–3 decision on Friday, held that tariff-setting powers rest with Congress unless clearly delegated, limiting Trump’s power over trade policy.

India faces reduced 10% US tariff after Trump announces new global levy

India faces reduced 10% US tariff after Trump announces new global levy

India now faces a lower tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs.

In a proclamation titled 'Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems', Trump said he is imposing, for a period of 150 days.

USTR plans new Section 301 probes covering major trading partners

USTR plans new Section 301 probes covering major trading partners

US Trade Representative Jamieson Greer said on Friday his office would launch several new investigations under the Section 301 trade provision, covering most major trading partners and areas such as pharmaceutical product pricing.

Greer said the administration was confident that all trade deals negotiated by President Donald Trump would stay in effect after the Supreme Court struck down on Friday tariffs ranging from 10 per cent to 50 per cent imposed under the International Emergency Economic Powers Act.

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