Home Source Industries Announces Sharon Shichor as New Managing Partner and CEO

The Indian government has clarified that brokerage paid by overseas clients may qualify as an export service. This could help foreign investors avoid the 18% goods and services tax on brokerage fees. Analysts suggest this clarification is sentimentally positive amid significant foreign outflows from Indian stocks. There is ongoing speculation regarding potential cuts in capital gains tax ahead of the federal budget.

Union Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark. Citing figures from the government's Production Linked Incentive (PLI) scheme, he said the government paid Rs 19,000 crore in incentives and collected Rs 25,000 crore in direct taxes, alongside Rs 3 lakh crore in GST. His response followed a Bloomberg Opinion video questioning India's iPhone manufacturing model, its dependence on imported components and the cost of government subsidies.

Cyclonic Storm Arnab is expected to intensify as it approaches the Andhra Pradesh coast on October 28. The Union Ministry of Civil Aviation has organized a meeting to ensure aviation safety during this period. Flights to and from coastal regions, including Visakhapatnam, Vijayawada, and Rajahmundry, are facing significant disruptions. Airlines have been advised to assist passengers and adhere to operational guidelines amid adverse weather.

Cyclonic Storm Arnab is expected to intensify as it approaches the Andhra Pradesh coast on October 28. The Union Ministry of Civil Aviation has organized a meeting to ensure aviation safety during this period. Flights to and from coastal regions, including Visakhapatnam, Vijayawada, and Rajahmundry, are facing significant disruptions. Airlines have been advised to assist passengers and adhere to operational guidelines amid adverse weather.

The Tamil Nadu government has revised autorickshaw fares across the state for the first time in 13 years. Under the new rates notified on October 27, the minimum fare is Rs 50 for the first 1.8 km, followed by Rs 25 per additional kilometre. The revised structure also sets higher night fares, ghat charges and waiting fees.

Delhi’s IGI Airport has a UDAN Yatri Café in Terminal 3’s check-in area, offering tea for Rs 10, coffee for Rs 20 and selected snacks and sweets for Rs 20. The initiative has expanded to airports across India, with the government aiming to make basic refreshments more affordable for air passengers.

India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement. This agreement aims to enhance bilateral trade and investment opportunities between the two countries. Key negotiating areas include market access, customs procedures, and trade facilitation measures. Both delegations discussed organizing a Mexican business mission to India in early 2027.

At the Jio Platforms IPO listing ceremony, Mukesh Ambani's children, Isha and Anant, shared their family's legacy. Isha recalled their father's early days at Reliance while emphasizing Jio's significant financial achievements in just ten years. Anant expressed gratitude for Jio's supporters and compared the IPO to a religious ritual.