Megavarshini G. Somasundaram
Latest Stories of Megavarshini G. Somasundaram
Apple’s ‘Make In India’ Gains At Risk From Trump Tariff Threats
Megavarshini G. Somasundaram
| Tuesday, February 25, 2025, 09:13 [IST]
Apple could face significant setbacks if the Trump administration enacts reciprocal tariffs on electronics and smartphone imports from India. This action could hinder Apple's expanding manufacturing operations in the country. Additionally, auto component manufacturers, who are expected to export around $7 ...
US Revises Visa Policy – Interview Waiver Cut from 48 to 12 Months
Megavarshini G. Somasundaram
| Tuesday, February 18, 2025, 09:46 [IST]
The US has tightened the eligibility criteria for the Visa Interview Waiver, commonly known as the ‘dropbox' option, by significantly reducing the renewal window. Effective immediately, applicants can only qualify for the dropbox facility if they renew a visa in the ...
New Income Tax Bill Retains NRI, Resident Definitions
Megavarshini G. Somasundaram
| Tuesday, February 18, 2025, 09:12 [IST]
The upcoming Income Tax Bill maintains the existing criteria for tax residency. Before its introduction, reports speculated that NRIs-especially those earning ₹15 lakh or more in India while not paying taxes in any other country-might be reclassified as 'residents' instead of ...
BSNL Turns Profitable After 17 Years, EBITDA Doubles in Four Years
Megavarshini G. Somasundaram
| Sunday, February 16, 2025, 09:54 [IST]
Bharat Sanchar Nigam Limited (BSNL) announced its financial results for the October-December quarter of the 2024-25 fiscal year (Q3FY25) on Friday, February 14, reporting a net profit of ₹262 crore. This marks the company's first return to profitability in nearly 17 ...
New India Cooperative Bank's GM Hitesh Mehta Nabbed in Rs 122 Crore Fraud Case
Megavarshini G. Somasundaram
| Sunday, February 16, 2025, 09:40 [IST]
On Saturday, Hitesh Mehta, the former General Manager and Head of Accounts at Mumbai's New India Cooperative Bank, was arrested by the Economic Offences Wing (EOW) in a Rs 122 crore embezzlement case. Mehta is scheduled to appear in court tomorrow. ...
India Eyes Oil Windfall Amid Trump’s 'America First' Energy Push – Will Global Warming Be the Price?
Megavarshini G. Somasundaram
| Sunday, February 16, 2025, 09:32 [IST]
India could benefit from US President Donald Trump's push to increase oil and gas production under his "Drill, Baby, Drill" policy, according to a report by The Times of India's Sanjay Dutta. The strategy aims to expand energy output, reduce global ...
Meta’s 50,000-km Subsea Cable to Boost India’s Digital Growth
Megavarshini G. Somasundaram
| Sunday, February 16, 2025, 09:22 [IST]
Meta, the parent company of Facebook, has announced an ambitious initiative known as Project Waterworth, a 50,000-kilometer subsea cable system designed to enhance digital connectivity between India, the United States, and several other regions. The project is expected to play a ...
Key Takeaways From PM Modi’s Meeting With Trump
Megavarshini G. Somasundaram
| Friday, February 14, 2025, 09:11 [IST]
Indian Prime Minister Narendra Modi has returned to the White House for his first visit since Donald Trump began his second term as U.S. president. The bond between Trump and Modi, often described as a "bromance" by some media outlets, remained ...
Trump Announces New Reciprocal Tariffs Ahead Of High-Stakes Meeting With PM Modi
Megavarshini G. Somasundaram
| Friday, February 14, 2025, 06:54 [IST]
In a bold all-caps post on his Truth Social platform on Thursday, Trump signalled a significant shift in his administration's trade strategy. "Three great weeks, perhaps the best ever, but today is the big one: reciprocal tariffs!!! Make America great again!!!," ...
Trump's Potential Move To Revoke Auto-Renewal Of H-1B, L-1 Visas Puts Indian Workers At Risk
Megavarshini G. Somasundaram
| Thursday, February 13, 2025, 06:53 [IST]
The Trump administration is considering a major change to the US immigration policy that could disrupt the lives of thousands of foreign workers, especially Indian nationals. The administration is reportedly planning to revoke the automatic renewal of work permits for H-1B ...
PM Modi's US Visit: From Stay At Blair House To Six Bilateral Meetings In 36 Hours; A Full Itinerary
Megavarshini G. Somasundaram
| Thursday, February 13, 2025, 05:58 [IST]
Prime Minister Narendra Modi is en route to the United States after concluding his three-day trip to France. During his two-day visit to France, Prime Minister Narendra Modi co-chaired the Artificial Intelligence Action Summit alongside French President Emmanuel Macron and engaged ...
Modi-Trump Talks: What’s At Stake For India?
Megavarshini G. Somasundaram
| Wednesday, February 12, 2025, 22:05 [IST]
Prime Minister Narendra Modi's upcoming visit to the US on February 13, 2025, marks a key moment in the deepening partnership between the two nations. As an "official working visit," it positions Modi as the fourth foreign leader to be hosted ...


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