Author: Nupur Rohila

Russia has reaffirmed its commitment to supplying crude oil to India despite mounting pressure from Washington. Officials from the Russian embassy in New Delhi stated on Wednesday that Moscow hopes to soon revive trilateral discussions with India and China, aimed at deepening a “greater Eurasian partnership.” The announcement comes after U.S. President Donald Trump imposed an additional 25% tariff on Indian exports to America beginning August 27. The move is widely seen as retaliation for India’s decision to continue purchasing Russian crude, which now makes up 35% of India’s total oil imports, compared with just 0.2% before the Ukraine conflict.…

A fresh chapter is unfolding for Indian cricket as the team sets its sights on the upcoming World T20. As part of its preparation, the Board of Control for Cricket in India (BCCI) has announced a 15-member squad to compete in the Asia Cup, a tournament that doubles as a crucial warm-up for the global championship. While the Asian Cricket Council permitted teams to field 17 players, the BCCI preferred a leaner 15-man unit, signaling confidence in their selections. The team will be led by Suryakumar Yadav, with young batting sensation Shubman Gill appointed as his deputy. Gill’s elevation comes…

On August 15, 2025, Prime Minister Narendra Modi marked his 12th Independence Day address from the Red Fort with a sweeping roadmap for India’s transformation into a developed nation by 2047. Blending technological ambition, economic expansion, and structural reforms, Modi declared that Bharat would define its own path to global leadership. Among the headline announcements was India’s first domestically manufactured semiconductor chip, set to be released before the end of the year. Modi framed this milestone as the culmination of a decades-long pursuit, positioning India as a player in a high-stakes industry dominated by global giants. Energy independence formed another…

India’s housing sector continued its upward trajectory in early 2025, posting a 7.7% annual increase in home prices and securing the 15th spot in the global rankings for Q1, according to Knight Frank’s Global House Price Index. The growth reflects a robust combination of steady end-user demand, increasing household incomes, and renewed interest from both domestic and foreign investors. On a quarterly basis, residential prices in India rose 2.9%, signaling persistent buyer confidence and a healthy real estate climate. This momentum is expected to extend through the remainder of 2025, fueled by continued economic expansion and stable interest rates. Globally,…

Pace University has appointed Ajay Khorana, Ph.D., as Dean of its Lubin School of Business and professor of finance, following a nationwide search. He will assume the role on September 1, 2025. Khorana joins Pace after an accomplished career spanning both the corporate world and academia. Most recently, he served as global treasurer for U.S. Personal Banking and Global Wealth at Citigroup, where he managed strategic financial planning, risk oversight, and capital allocation for a balance sheet exceeding $400 billion. Over nearly two decades with Citi, he held senior leadership roles, including global head of the Financial Strategy Group, advising…

Across the world’s most powerful boardrooms, Indian-origin executives are steering some of the most influential companies in technology, finance, and luxury. Their paths to leadership reveal the enduring strength of combining rigorous Indian education with exposure to top global universities, creating leaders who can bridge diverse markets and ideas. Satya Nadella – Microsoft Armed with a degree in Electrical Engineering from Manipal Institute of Technology, an M.S. from the University of Wisconsin–Milwaukee, and an MBA from the University of Chicago Booth School of Business, Nadella joined Microsoft in 1992 after working at Sun Microsystems. Over two decades, he shaped the…

Harvard University is set to inaugurate two new dedicated prayer spaces this fall, fulfilling long-standing requests from Muslim and Hindu students for adequate worship facilities. For years, these students had limited access to proper areas, often relegated to cramped basement rooms in dormitories that could not accommodate larger gatherings. The new arrangements will place a permanent musallah for Muslim students on the second floor of the Smith Campus Center, replacing temporary prayer locations at Sever Hall and Canaday Hall. Meanwhile, the Hindu student organization, Harvard Dharma, will take over the existing Canaday Hall space, which will be modified to better…

India’s proposed Free Trade Agreement (FTA) with the European Union could open the door to a massive $875 billion market while aligning tariff structures with ASEAN nations, according to Boston Consulting Group (BCG) India head Rahul Jain. This follows last month’s landmark FTA with the United Kingdom, which is expected to increase annual bilateral trade by $34 billion and offer tariff-free access to 99% of Indian exports. Jain noted that the global trade landscape is being reshaped by shifting geopolitical dynamics and rising economic nationalism, with preferential market access and supply chain realignment becoming as crucial as cost efficiency. These…

In a major development in global trade policy, U.S. President Donald Trump has enforced a steep 50% tariff on Indian imports. The first tranche, initially set at 25%, was announced on July 30, followed by another 25% levy revealed on August 6. Trump also imposed a “penalty” on Indian imports tied to oil purchases from Russia, signaling heightened trade tensions between the two democracies. These tariffs are not paid by Indian exporters directly but by U.S. importers, making Indian goods substantially more expensive in American markets. As a result, many Indian products may lose their competitive edge, especially when stacked…

Trump’s claim appears aimed at drawing a sharp contrast with President Joe Biden, whose previous administration, according to Trump, allowed global conflicts to escalate. Trump emphasized that he intends to “end Biden’s war,” without specifying which conflict he meant — though analysts suggest he was referencing the ongoing situations in Ukraine or the Middle East. This marks the first time Trump has directly claimed credit for de-escalating a near-war situation involving India and Pakistan. During his earlier presidency, he offered to mediate between the two nations, but India had firmly rejected third-party involvement, stating the matter must be resolved bilaterally.…