Unique Times

27/01/2025

JSW Group to Invest ₹26 Billion in Copper Mining Venture in Jharkhand

India’s JSW Group, led by billionaire Sajjan Jindal, has announced a ₹26 billion ($301.2 million) investment to establish operations at two copper mines in Jharkhand. The group secured the mines from Hindustan Copper for a 20-year lease, with an option to extend the term by another decade. This marks JSW’s strategic entry into the non-ferrous metals sector.

Know More: https://uniquetimes.org/jsw-group-to-invest-%e2%82%b926-billion-in-copper-mining-venture-in-jharkhand/

India’s JSW Group, led by billionaire Sajjan Jindal, has announced a ₹26 billion ($301.2 million) investment to establish operations at two copper mines

23/01/2025

Indian Tribunal Suspends WhatsApp-Meta Data Sharing Ban, Easing Pressure on U.S. Giant

India’s National Company Law Appellate Tribunal (NCLAT) has temporarily suspended a five-year ban on data sharing between WhatsApp and its parent company, Meta Platforms, imposed by the Competition Commission of India (CCI). The CCI’s November ruling aimed to prevent WhatsApp from sharing user data with other Meta entities for advertising purposes, a move Meta warned could disrupt its operations and force the rollback of certain features. The NCLAT noted that the ban could collapse WhatsApp’s business model, providing temporary relief as it continues to hear Meta’s challenge to the antitrust directive.

Know More: https://uniquetimes.org/indian-tribunal-suspends-whatsapp-meta-data-sharing-ban-easing-pressure-on-u-s-giant/

India's National Company Law Appellate Tribunal (NCLAT) has temporarily suspended a five-year ban on data sharing between WhatsApp and its parent company,

21/01/2025

Indian Rupee Set to Open Higher Amid Dollar Volatility and Trump’s Tariff Plans

The Indian rupee is poised to open stronger on Tuesday, trading around 86.36-86.38 per U.S. dollar in the 1-month non-deliverable forward market, slightly better than its previous close of 86.5675. This comes amid swings in the U.S. dollar index, which touched a two-week low of 107.86 in the Asian session before rebounding to 108.40. Market sentiment has been driven by contrasting reports on U.S. President Donald Trump’s tariff plans, with his administration signaling no immediate trade measures but hinting at tariffs on Canada and Mexico by February 1.

Know More: https://uniquetimes.org/indian-rupee-set-to-open-higher-amid-dollar-volatility-and-trumps-tariff-plans/

The Indian rupee is poised to open stronger on Tuesday, trading around 86.36-86.38 per U.S. dollar in the 1-month non-deliverable forward market, slightly

21/01/2025

PharmEasy to Relaunch IPO Amid Business Restructuring and Focus on Growth

PharmEasy, a leading online pharmacy, is preparing to relaunch its initial public offering (IPO) in 2025, two years after withdrawing its previous application. According to the report, the company plans to present its IPO strategy to the board in February, potentially involving a reverse merger with its publicly listed subsidiary, Thyrocare. PharmEasy aims to leverage its improved cash flow and restructured business model to regain investor confidence while prioritizing cash burn reduction.

Know More: https://uniquetimes.org/pharmeasy-to-relaunch-ipo-amid-business-restructuring-and-focus-on-growth/

PharmEasy, a leading online pharmacy, is preparing to relaunch its initial public offering (IPO) in 2025, two years after withdrawing its previous

20/01/2025

Biocon Chairperson Urges Tax Exemptions on Cancer and Chronic Disease Drugs

Kiran Mazumdar-Shaw, Chairperson of Biocon Ltd., has called on the Indian government to exempt taxes on drugs used for treating cancer, chronic illnesses like diabetes, and rare diseases ahead of the upcoming budget announcement by Prime Minister Narendra Modi. Highlighting the financial burden on patients, she emphasized that most medical expenses in India are borne out-of-pocket, including costly diagnostic scans. Shaw urged a waiver on taxes for lifesaving therapies and proposed tax exemptions for any chronic therapy costing over ₹5,000 ($60) per month.

Know More: https://uniquetimes.org/biocon-chairperson-urges-tax-exemptions-on-cancer-and-chronic-disease-drugs/

Kiran Mazumdar-Shaw, Chairperson of Biocon Ltd., has called on the Indian government to exempt taxes on drugs used for treating cancer, chronic illnesses

16/01/2025

India Achieves Space Docking Milestone, Eyes Expansion in Global Space Market

India has achieved a significant technological milestone in space exploration, becoming the fourth country in the world to perform space docking successfully. On Thursday, the Indian Space Research Organisation (ISRO) conducted the Space Docking Experiment (SpaDeX), where two ISRO satellites, Target and Chaser, successfully latched onto each other and unlatched after a series of complex orbital maneuvers. This achievement paves the way for future advancements in satellite servicing, space station operations, and interplanetary missions, marking India’s entry into the highly competitive global space market.

Know More: https://uniquetimes.org/india-achieves-space-docking-milestone-eyes-expansion-in-global-space-market/

India has achieved a significant technological milestone in space exploration, becoming the fourth country in the world to perform space docking

16/01/2025

Reliance’s Campa Cola Ventures into West Asia, Eyes Global Expansion

Reliance Industries has introduced its cola brand, Campa Cola, to the export market, starting with Bahrain in West Asia. The brand, known for disrupting India’s carbonated beverage sector through low pricing and higher trade margins, plans a phased expansion to markets like Oman and Saudi Arabia before the summer season. This move positions Campa Cola as a strong contender against industry giants Coca-Cola and PepsiCo.

Know More: https://uniquetimes.org/reliances-campa-cola-ventures-into-west-asia-eyes-global-expansion/

Reliance Industries has introduced its cola brand, Campa Cola, to the export market, starting with Bahrain in West Asia. The brand, known for disrupting

15/01/2025

Unique Times proudly features the inspiring journey of CA. Sreejith Kuniyil, Founder of CAPITAIRE & PravasiTax, whose resilience and vision have revolutionized business consulting, capital readiness, and NRI taxation. From establishing transformative ventures like PravasiTax and True Legacy to empowering entrepreneurs with innovative solutions, Sreejith exemplifies leadership and determination. His remarkable story is a testament to turning challenges into opportunities and building a legacy of empowerment and innovation.

For E-Magazine: WhatsApp +91 9288800999

Read More: https://www.magzter.com/IN/Unique-Times/UNIQUE-TIMES/Business/

15/01/2025

Impeached South Korean President Yoon Suk Yeol Detained Over Martial Law

In a dramatic turn of events, South Korean law enforcement detained impeached President Yoon Suk Yeol on Wednesday, following his controversial imposition of martial law last month. Yoon, in a pre-recorded video message before his arrest, decried the “collapse of the rule of law” in the country but stated his intention to comply with the detention warrant to avoid clashes between law enforcement and presidential security personnel.

Know More: https://uniquetimes.org/impeached-south-korean-president-yoon-suk-yeol-detained-over-martial-law/

In a dramatic turn of events, South Korean law enforcement detained impeached President Yoon Suk Yeol on Wednesday, following his controversial imposition

14/01/2025

Global EV Sales Surge by 25% in 2024, Driven by China and Europe

Global sales of fully electric and plug-in hybrid vehicles rose by 25.6% year-on-year to over 17 million in 2024, bolstered by a record-breaking December and strong demand in China. December alone saw 1.9 million EVs sold, with China contributing 1.3 million vehicles, reflecting a 36.5% surge. European sales stabilized, with Britain surpassing Germany as the region’s largest battery-electric market, driven by government incentives and emission targets, according to data from Rho Motion.

Know More: https://uniquetimes.org/global-ev-sales-surge-by-25-in-2024-driven-by-china-and-europe/

Global sales of fully electric and plug-in hybrid vehicles rose by 25.6% year-on-year to over 17 million in 2024, bolstered by a record-breaking December

13/01/2025

Government Considering Hike in Minimum Pension for EPS-95 Pensioners

The government is reportedly reviewing an appeal to raise the minimum pension for private-sector employees covered under the Employees’ Provident Fund Organisation (EPFO). Currently set at ₹1,000 per month, the Employees’ Pension Scheme (EPS-95) beneficiaries are seeking a substantial increase. A delegation of pensioners met Finance Minister Nirmala Sitharaman on January 10, 2025, during a pre-budget consultative meeting, requesting a minimum monthly pension of ₹7,500, a dearness allowance (DA) hike, and free medical treatment for pensioners and their spouses. The minister assured that their demands would be reviewed.

Know More: https://uniquetimes.org/government-considering-hike-in-minimum-pension-for-eps-95-pensioners/

The government is reportedly reviewing an appeal to raise the minimum pension for private-sector employees covered under the Employees' Provident Fund

10/01/2025

Technical Glitches Disrupt GSTR-1 Filing Ahead of January 11 Deadline

Businesses across India are facing challenges as the Goods and Services Tax Network (GSTN) portal encounters technical issues, delaying the filing of GSTR-1 returns for December 2024. With the January 11 deadline fast approaching, taxpayers have raised concerns about the portal’s unavailability, which has also hindered access to past data and the ability to respond to notices. GSTN has assured users that the portal is expected to be operational by noon on January 10, 2025, but the disruption has already created significant inconvenience for taxpayers and professionals alike.

Know More: https://uniquetimes.org/technical-glitches-disrupt-gstr-1-filing-ahead-of-january-11-deadline/

Businesses across India are facing challenges as the Goods and Services Tax Network (GSTN) portal encounters technical issues, delaying the filing of

09/01/2025

Apple Fires Employees Over Alleged Misuse of Matching Grants Program; TANA Under Investigation

Apple has reportedly terminated several employees of Indian origin in the US for allegedly exploiting its corporate matching grants program, according to the Times of India. The program allows Apple to match employee donations to eligible charities, but some employees allegedly fabricated donation records and redirected matched funds back to themselves. While reports suggest that up to 185 employees may be implicated, this figure has not been officially confirmed.

Know More: https://uniquetimes.org/apple-fires-employees-over-alleged-misuse-of-matching-grants-program-tana-under-investigation/

Apple has reportedly terminated several employees of Indian origin in the US for allegedly exploiting its corporate matching grants program, according to

08/01/2025

Gold Import Data Revised Downwards, Trade Deficit Narrows by $5 Billion

The Directorate General of Commercial Intelligence and Statistics (DGCIS) has revised India’s gold import figures for November 2024 to $9.8 billion, significantly lower than the previously reported $14.8 billion. The $5 billion reduction was attributed to a “calculation error” caused by alleged double counting of gold shipments in warehouses following a change in methodology implemented in July. The commerce department is yet to release an official statement on the revision.

Know More: https://uniquetimes.org/gold-import-data-revised-downwards-trade-deficit-narrows-by-5-billion/

The Directorate General of Commercial Intelligence and Statistics (DGCIS) has revised India's gold import figures for November 2024 to $9.8 billion,

06/01/2025

India Reports First Cases of Human Metapneumovirus (HMPV) in Karnataka

India has detected its first two cases of Human Metapneumovirus (HMPV) in Karnataka, the Ministry of Health and Family Welfare (MoHFW) announced. The infections were identified in a two-month-old girl and an eight-month-old boy, both with a history of bronchopneumonia and no international travel. While the girl has been discharged, the boy is recovering at Bengaluru Baptist Hospital and is expected to be released soon. The detections were made as part of routine surveillance under the Indian Council of Medical Research (ICMR).

Know More: https://uniquetimes.org/india-reports-first-cases-of-human-metapneumovirus-hmpv-in-karnataka/

India has detected its first two cases of Human Metapneumovirus (HMPV) in Karnataka, the Ministry of Health and Family Welfare (MoHFW) announced. The

02/01/2025

Big Lenders Urge RBI to Use FX Swaps Amid Surge in Currency Financing Costs

Several major lenders in India have requested the Reserve Bank of India (RBI) to consider injecting liquidity into the financial system using foreign-exchange (FX) swaps. This comes as short-term currency borrowing costs have surged to a four-year high. In recent informal discussions, the lenders suggested that FX swaps could provide much-needed liquidity by enabling the central bank to inject rupees into the market while bolstering its foreign-exchange reserves.

Know More: https://uniquetimes.org/big-lenders-urge-rbi-to-use-fx-swaps-amid-surge-in-currency-financing-costs/

Several major lenders in India have requested the Reserve Bank of India (RBI) to consider injecting liquidity into the financial system using