Category: News

  • U.S. Calls Out India: High Tariffs on American Goods Revealed

    U.S. Calls Out India: High Tariffs on American Goods Revealed

    The United States is once again talking about the tariffs, or taxes, that India puts on American products. These high taxes affect American alcohol and farm goods. During a press briefing on Tuesday, White House Press Secretary Karoline Leavitt discussed this issue. She also mentioned Canada, saying they have been unfair to the U.S. for many years.

    She shared a chart showing the high tariffs that Canada, India, and Japan have. For example, Canada charges nearly a 300% tax on American cheese and butter, while India has a 150% tax on American alcohol. That makes it hard for Kentucky bourbon to be sold in India. Additionally, India has a 100% tariff on its agricultural products.

    Leavitt pointed out that Japan charges a whopping 700% tariff on rice! She stressed that President Trump believes in fair trade practices and wants to make sure American businesses and workers are treated fairly. Trump has been vocal about India’s high tariffs, saying that India has promised to lower them significantly.

    Commerce Secretary Sunil Barthwal told a Parliamentary panel that talks between the U.S. and India are ongoing, but no trade deal on tariffs has been reached yet. He updated the panel about Trump’s claims that India is okay with reducing tariffs “way down.”

  • TVS Motor Reduces Stake in IFQM: Key Impacts Explained

    TVS Motor Reduces Stake in IFQM: Key Impacts Explained

    On Wednesday, people will be paying close attention to TVS Motor Company, which is based in Chennai. The company announced that it now owns only 18.18% of the Indian Foundation for Quality Management (IFQM). This means that IFQM is no longer considered a partner with TVS Motor because their share is below the 20% needed for this status according to Indian law.

    In a statement on Tuesday, TVS Motor explained that IFQM has given out new shares to other investors. However, the company didn’t share any details about these new investors or how many new shares were issued.

    IFQM is an organization that helps improve quality management in different industries. It has some well-known board members, including TVS Motor’s past chairman, Venu Srinivasan, Tata Sons Chairman N Chandrasekaran, and Sun Pharma’s Managing Director, Dilip Shanghvi. Other respected leaders like Kiran Mazumdar-Shaw and TV Narendran are also part of IFQM’s council.

    On the stock market, TVS Motor’s shares closed at Rs 2,290.40 on Tuesday, which is a drop of 1.53%. Over the last six months, the stock has fallen by 17.06% and by 7.89% in the past month, although it has gained 0.9% over the past year. TVS Motor said they shared the news about their reduced stake following the rules set by the Securities and Exchange Board of India (SEBI).

  • JD Vance and Wife Usha Set for Historic India Visit – Trade Talks Ahead

    JD Vance and Wife Usha Set for Historic India Visit – Trade Talks Ahead

    This month, Vice President JD Vance and his wife, Second Lady Usha Vance, are traveling to India. This will be JD’s second trip abroad as vice president, while Usha is excited for her first visit to India, where her parents came from many years ago.

    In February, JD Vance visited France and Germany, where he spoke about important issues like illegal immigration and people’s rights. His upcoming visit to India comes at a time when the US and India are discussing important trade agreements. Recently, US President Donald Trump mentioned high tariffs (taxes on imports) that countries like India, Brazil, and China charge, which sparked worries about possible trade wars and how they could hurt the global economy.

    Union Minister Jitin Prasada stated that India and the US are working hard to increase trade between each other, which means making it easier to buy and sell goods and lowering the costs for companies. Not long ago, a team from India, led by Minister Piyush Goyal, returned from talks in the US, working on a new agreement to improve trade, which they hope to finish by fall 2025.

    Indian Prime Minister Narendra Modi and Trump recently agreed to start negotiating a new trade deal that will increase trade between the two countries to $500 billion by 2030, a bold goal they call “Mission 500.” This means more jobs and opportunities for both countries!

  • Jio and SpaceX Team Up to Bring Starlink Internet to India

    Jio and SpaceX Team Up to Bring Starlink Internet to India

    Jio Platforms Limited, a part of Reliance Industries, announced an exciting partnership with SpaceX on Wednesday. They will work together to offer Starlink’s super-fast internet services to people across India, especially in the countryside and remote areas.

    This partnership needs approval from the Indian government for SpaceX to sell Starlink here. Just a day before, Bharti Airtel also made a similar deal with SpaceX to provide Starlink internet.

    In a statement, Jio mentioned that this agreement will help them use Starlink’s technology to improve their internet services. Jio will sell Starlink equipment in its stores and online, making it easier for everyone to get access to the internet.

    Jio plans to provide customer support and help with setting up Starlink services as well. The deal is part of Jio’s mission to make sure that everyone in India, whether they live in cities or remote places, can have good internet access.

    “Starlink will help JioAirFiber and JioFiber by bringing fast internet to hard-to-reach areas quickly and affordably,” Jio said. The companies are also looking at more ways to work together to boost digital services in India.

    Mathew Oommen, CEO of Reliance Jio Group, shared that making high-speed internet available for every Indian is their top priority. He believes that working with SpaceX is a big step towards achieving this goal.

    Gwynne Shotwell, president of SpaceX, praised Jio for their efforts in improving India’s internet access. She is excited about the collaboration and the chance to bring Starlink’s fast internet to more people, businesses, and organizations in the country.

    Starlink, managed by SpaceX, offers internet that can handle streaming, gaming, and video calls. It is a top provider of satellite internet services worldwide.

  • Le’Veon Bell Denies Cousin’s Abuse Claims; Faces $25 Million Lawsuit

    Le’Veon Bell Denies Cousin’s Abuse Claims; Faces $25 Million Lawsuit

    Last year, a woman named Jada Bell claimed that her cousin, Le’Veon Bell, a former NFL player, abused her when she was just six years old. She says this went on until she turned 18. Jada filed a lawsuit in Ohio, saying that Le’Veon hurt her for many years. Recently, a jury decided that Le’Veon should pay her $25 million for what she went through: $20 million for damages and $5 million as a punishment.

    Le’Veon Bell strongly denies these accusations. His brother, La’Vonte, was also ordered to pay Jada over $11 million for his role in the situation. According to court documents, Jada said that Le’Veon would visit Ohio while he was in college and would tell her what to do during these visits, using slang terms that made it sound casual.

    Le’Veon Bell, who previously played for teams like the Pittsburgh Steelers and the New York Jets, is known to support Donald Trump. After the jury’s decision, he wrote on social media that he believes he is being unfairly attacked because he supports Trump. He shared that being a Black man supporting Trump makes people want to come after him.

    Le’Veon’s lawyer stated that his client never received any legal papers about the court case and insisted that they plan to challenge the judgment. They believe Le’Veon’s rights were not respected during the process, especially his right to have a fair defense.

  • Missing Student: New Footage Emerges in Sudiksha Konanki Case

    Missing Student: New Footage Emerges in Sudiksha Konanki Case

    A new video from a surveillance camera shows missing University of Pittsburgh student Sudiksha Konanki, who is 20 years old and of Indian background, smiling and holding hands with a man before she disappeared. Sudiksha went missing while on vacation in Punta Cana, Dominican Republic, during spring break. The last time anyone saw her was on March 6 at 4:50 a.m. at the Riu Republica Resort’s beach.

    According to the news outlet Noticias SIN, this video is the last clear image of Sudiksha. It shows her walking down a path at the resort with friends, and it came out after the FBI joined the search for her. In the video, Sudiksha can be seen with her arm around the man’s back as they walk with others. They were having a good time at a disco around 3 a.m. before going to the beach.

    The last person who saw Sudiksha was Joshua Stevem Ribe, a 24-year-old tourist from Iowa. He said he drank too much and passed out on the beach. When he woke up, Sudiksha was gone. He has talked to the police and given different stories about what happened before she disappeared. They are still trying to find out if something bad happened to her.

    Local authorities say that both Dominican and U.S. officials are working together to investigate this case. The Dominican police released a statement saying they confirmed Sudiksha disappeared after 4:15 a.m. on March 6, and that they caught her on surveillance video just before she entered the beach area.

    The President of the Dominican Republic, Luis Abinader, mentioned that they are worried about Ribe’s changing stories. He said, “We are concerned. All government agencies are searching… because reports say that a wave crashed into them on the beach.

  • India’s Stock Market Correction: A Golden Investment Opportunity!

    India’s Stock Market Correction: A Golden Investment Opportunity!

    Recently, India’s stock market saw a big drop, especially in mid-sized companies. This happened as foreign investors moved their money around, worried about high prices, less money in circulation, and worldwide market ups and downs. However, many top global analysts think this drop is a good chance for smart investors rather than something to panic over.

    Experts like Christopher Wood from Jefferies, Vivek Paul from BlackRock, and Jim Walker from Aletheia Capital all agree that India is still one of the best places to invest for the long term. They pointed out that even though there are some short-term challenges, India’s economy is strong, its government policies are stable, and there are many young people, making it a great option for investors looking for growth.

    What the Experts Are Saying:

    – Christopher Wood: He explained that the recent drop in the market is more about technical issues—like too many shares being available—rather than serious economic problems. He believes India is still the best investment option in Asia for the long haul.

    – Vivek Paul: He noted that while some investors are worried, the prices of big Indian companies are quite reasonable when you think about how much money they could make in the future. He believes this is a great time to buy stocks, especially because the market is changing quickly, offering both risks and chances.

    – Jim Walker: He focused on how India has a strong government and good economic policies. He believes India is better positioned than many advanced countries right now, which could spell great opportunities for investors as the economy grows.

    Conclusion: This recent drop is seen as just a small bump in the road, not a big problem. Factors like a weaker US dollar, potential easing by the Reserve Bank of India (RBI), and strong government policies suggest that now is a perfect time for long-term investors to consider buying into India’s economy. As Jim Walker said, “This is the time to really invest in India.”

    (Disclaimer: The views and suggestions from these experts are their opinions and do not represent Thellv.news)

  • Godrej Agrovet to Fully Acquire Creamline Dairy Products

    Godrej Agrovet to Fully Acquire Creamline Dairy Products

    On Wednesday, Godrej Agrovet announced an exciting plan to buy the remaining 48.06% of Creamline Dairy Products (CDPL) for ₹930 crore. This move means that Creamline, a company known for its milk and dairy products sold as ‘Godrej Jersey,’ will become completely owned by Godrej Agrovet.

    Currently, Godrej Agrovet already owns 51.94% of Creamline. With this new deal, they will purchase a 47.38% stake from Creamline’s original founders. The main aim of this purchase is to have full ownership of CDPL, allowing Godrej Agrovet to strengthen its position in the dairy market. The deal is expected to be completed by the end of September this year.

    Creamline Dairy Products is based in Hyderabad and focuses on collecting, processing, and selling milk and dairy products. It’s one of the top private dairy companies in southern India, and its products are well-loved under the brand name ‘Godrej Jersey.’ For the financial year ending March 31, 2024, Creamline recorded a revenue of ₹1,540 crore.

    In the last year, Godrej Agrovet’s shares increased by 43.63%, significantly outperforming its competitors. Over the past three years, the stock has seen a 52% return. Recent data shows that Godrej Agrovet has performed better than its industry and major market indexes like Nifty50 and Sensex.

  • Airtel Partners with SpaceX: Boosting Internet Access in India

    Airtel Partners with SpaceX: Boosting Internet Access in India

    On Wednesday, Bharti Airtel made exciting news! The company has signed a deal with SpaceX, the company owned by Elon Musk, to provide Starlink’s high-speed internet to people in India. This is big news because Airtel has had some disagreements with Starlink in the past about how much they should pay to use their service.

    What’s even more interesting is that Airtel owns a large part of a rival company called Eutelsat OneWeb, which already has the go-ahead to operate in India. OneWeb is waiting to get permission to use the radio waves it needs to provide services.

    Airtel’s Managing Director, Gopal Vittal, said this partnership with SpaceX is a huge step forward and shows that Airtel wants to improve internet access. He believes that with Starlink’s help, they can provide fast and affordable internet to even the most remote areas of India, helping people, businesses, and communities stay connected.

    However, to start offering Starlink’s services, Airtel needs to get the necessary approvals from the Indian government. This collaboration will also look into ways to sell Starlink equipment at Airtel stores, connect rural areas, schools, and hospitals, and improve Airtel’s internet network using SpaceX’s technology.

    Starlink is known for giving fast internet by using a network of satellites flying low in space. This allows users to enjoy activities like streaming movies, playing games, and making video calls without any hassle.

    In the past year, Airtel’s stock has risen by 38.97% and has done better than many others in the same industry. Over the last three years, its stock has given a whopping 139.33% return.

  • India’s Broadcasting Services Bill: What’s New in Media Regulation

    India’s Broadcasting Services Bill: What’s New in Media Regulation

    The parliamentary committee dealing with communication and technology in India has asked the Ministry of Information and Broadcasting (MIB) to quickly present a new Broadcasting Services (Regulation) Bill in parliament. This bill aims to improve the way media is regulated in India.

    In January, the MIB told the committee they would finish talking to different groups about the bill by October 15, 2024. After that, they will create a new draft of the bill and a note for the cabinet to discuss. The committee wants to know how long this will take and stressed that the MIB should talk to all necessary groups during this process.

    Currently, the cable TV industry has to follow many different rules and regulators, such as the MIB, TRAI (Telecom Regulatory Authority of India), and the Department of Telecommunications. The committee believes there should be one comprehensive law to manage all of this.

    The recent bill also includes rules about online streaming services, known as OTT (over-the-top) services. For the first time, the MIB mentioned this new version of the bill. The first draft was shared for public input in November 2023, while a second version was given to select groups in July 2024 without being made public. The second draft had a special watermark to track who had copies.

    The new rules aim to include everyone creating news content online, even people not part of traditional media. This means, for example, a person making videos about cooking or taxes on YouTube could also be affected if they have enough followers.

    The proposed rules require these content creators to set up a review team to check their work. In August 2024, the government asked groups to return their copies of the draft and mentioned they would release a new version after further discussions.