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Subscribe to enjoy similar stories. In a recent talk at the Institute for Social and Economic Change, economist Sanjay Reddy noted a startling fact about India’s growth process. According to the International Monetary Fund, in 2024, India ranked 142nd out of approximately 190 countries, with a nominal per capita GDP of around $2,700.

BYD aims to double its sales outside China to over 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday. BYD, which sold 417,204 units abroad in 2024, expects to see «a substantial rise» in its market share in Britain, which is «very open» to competitive Chinese products, according to a transcript of the call Wang Chuanfu reviewed by Reuters. They also see «great opportunities» to grow rapidly in Latin American and South East Asian countries, where the governments and people are friendly with Chinese brands, he said.

JSW Steel has become the world’s most valuable steelmaker after the Sajjan Jindal-led company crossed a market capitalisation of over $30 billion on Tuesday. The strong stock market performance of JSW Steel reflects a broader rally among Indian steelmakers after a government body recently recommended measures to protect the domestic industry from a surge in cheap steel imports.

Global funds returning to India’s stock market amid a world-beating rally are having to set aside one of the biggest gripes expressed by investors like Muddy Waters Capital LLC founder Carson Block — namely the country’s high taxes. While global funds marked their first weekly purchase of local stocks last week, they have been big sellers this year. In addition to an uncertain economic outlook, they point to New Delhi’s tax code, which imposes high capital gains levies on overseas funds. That’s an approach at variance with other countries such as China, which are competing for their money.

extremism in Bangladesh under the Muhammad Yunus regime. “Fortunately, we have an administration and a secretary of state who is completely committed to diplomatic resolutions, to face-to-face conversations with our friends around the world,” a US state department spokesperson Tammy Bruce said on Monday in reply to a question on Bangladesh army chief’s warning of an imminent extremist attack on Bangladesh as well as unlawful imprisonment of journalists under the Yunus regime. “We expect every country, certainly Bangladesh and others, to say the least, to follow the rules of human rights and to be cognizant and fair regarding the behaviour and what their own citizens expect from their government. So, I think that’s a north star for any nation,” she said. Last week, US director of national intelligence Tulsi Gabbard had expressed her concerns over attacks on minorities in Bangladesh and is understood to have had detailed conversations with Indian officials on the Bangladesh situation. Foreign minister S Jaishankar on Saturday said the government is working on various mechanisms to draw the attention of Bangladeshi authorities on the issue of atrocities on minorities.

Trump administration on Tuesday added 80 companies and organizations to a list of companies that are barred from buying American technology and other exports because of national security concerns. The move, which targeted primarily Chinese firms, cracks down on companies that have been big buyers of American chips from Nvidia, Intel and AMD. It also closed loopholes that Trump administration officials have long criticized as allowing Chinese firms to continue to advance technologically despite US restrictions. One company added to the list, Nettrix Information Industry, was the focus of a 2024 investigation by The New York Times that showed how some Chinese executives had bypassed US restrictions aimed at cutting China off from advanced chips to make artificial intelligence.

Subscribe to enjoy similar stories. Chinese electric vehicle (EV) maker BYD, short for Build Your Dreams, has eclipsed Elon Musk’s Tesla in annual revenue.

Donald Trump shared his thoughts on Jeff Bezos and the Washington Post in a recent interview. He said Bezos criticized the newspaper’s employees and discussed changes in its opinion section. Trump said he believes Bezos is making efforts to be fair.

Doug DeVos, global co-chairman of the Amway board of directors, and son of the $7.4-billion Amway Corp's co-founder Rich DeVos. The direct selling company, which makes Nutrilite protein powder and Glister toothpaste, sells its products to consumers primarily through its distributors, and not through physical or online stores. «There's a perception that there's something very different about direct selling or it's secret. I would say we've been the most transparent company; there are no secrets on how the business works; we just access the market slightly differently,» said DeVos.

Elon Musk's undodgeable firing range DOGE may already have witnessed a firing spree, with thousands of government employees out of a job overnight. But with many of them being repositories and carriers of sensitive information and US government system knowledge, headhunters not so much from Borneo but places like China and Russia could do well to go on a hiring spree. Forget those good old days of campus placements. Think of older days when KGB went to Oxbridge — and, indeed, CIA and MI6 went liaising with Soviet embassy staffers in parks — looking for disgruntled bright sparks unhappy with their country's system. Patriotism, after all, is a roti flip away from serving a cause and salary, especially when your old workplace has spat you out. LinkedIn bios should already be switching from 'National Security Strategist' to 'Spy-for-Hire: Will Work for Renminbis'.

Subscribe to enjoy similar stories. The U.S. is entrusting its most expensive jet-fighter program in history to a company that hasn’t successfully launched a commercial or military aircraft in a decade.

United Airlines flight from Los Angeles to Shanghai was forced to turn around two hours into its journey after a pilot forgot their passport. The flight had to be diverted to San Francisco due to the issue. This caused significant delays for the passengers. As per reports, the flight UA 198 departed from Los Angeles International Airport (LAX) on Saturday, March 22 at around 2 pm local time. The flight was bound for China’s largest city. However, mid-flight it was discovered that one of the pilots did not have their passport, which would make it impossible for the plane to enter China. A People report stated that the aircraft was then diverted to San Francisco, where it landed at 5:05 pm (local time).

In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been applied by the US on India. He said that the government continues to engage with the US to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner. “Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, enhancing supply chain integration and resolving bilateral trade issues,” Prasada said. In a separate reply, he said recently, the government has not taken any such steps to lift ban on import of certain prohibited and restricted products from USA, China and UK.

Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks. Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially more levies. HIGHER PRICES * Best Buy warned of the possibility of higher prices for American shoppers. «The giant wildcard obviously is how the consumers are going to react to the price increases ...,» CFO Matt Bilunas said on a call with analysts.

BYD has reported impressive growth for 2024, surpassing Tesla in revenue. The company earned 777.1 billion yuan ($107.2 billion), significantly higher than Tesla's previously reported revenue of $97.7 billion. BYD also posted a net profit of 40.3 billion yuan, a 34% increase from 2023, marking a record high. In January, the company revealed that it sold nearly 4.3 million vehicles last year, a 40% increase over the previous year. The Chinese company’s strong results come at a time when Tesla is struggling, with a 71% drop in net income for the fourth quarter of 2024. Tesla's profits fell to $2.32 billion, down from $7.93 billion, as reported by CNBC in late January.

Starlink nears regulatory approval in India for satellite broadband services, analysts say a victory there could pave a road into more emerging markets and boost the company's ambitions to add a million subscribers every year. There are still legal hurdles to overcome, and competition from companies such as Eutelsat and China's SpaceSail, which is entering Brazil, Malaysia and Kazakhstan. SpaceX also argues that U.S. regulations put it at a disadvantage against foreign rivals. But a foothold in India would be a potential $25 billion boon for Starlink, helping it reshape that country's satellite broadband industry and making an attractive case to other developing markets, experts say.

OpenAI and Anthropic. The new model, DeepSeek-V3-0324, was made available through AI development platform Hugging Face, marking the company's latest push to establish itself in the rapidly evolving AI market. The latest model demonstrates significant improvements in areas such as reasoning and coding capabilities compared to its predecessor, with benchmark tests showing enhanced performance across multiple technical metrics published on Hugging Face.

Donald Trump has confirmed that a journalist from The Atlantic magazine was included in a private social media chat about upcoming attacks on the Houthi armed group in Yemen. What could be described as a major foot-in-mouth moment for the Trump administration, Atlantic editor-in-chief Jeffrey Goldberg claimed that he got to know about the plans of the US bombing the Houthis two hours before it actually happened because Defense Secretary Pete Hegseth by mistake texted him the war plan, according to multiple US media reports. On the Senate floor on Monday, the minority leader, Chuck Schumer, called it “one of the most stunning breaches of military intelligence I have read about in a very, very long time” and urged Republicans to seek a “full investigation into how this happened, the damage it created and how we can avoid it in the future”. “Every single one of the government officials on this text chain have now committed a crime – even if accidentally,” the Delaware senator Chris Coons wrote on Twitter/X. “We can’t trust anyone in this dangerous administration to keep Americans safe.” ALSO READ: 'Maliciously false information': Elon Musk threatens Pentagon leakers over 'top-secret plans' for China war story

As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk's battery-electric (BEV) brand has sold 42.6% fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed. Tesla commanded 1.8% of the total market and 10.3% of the BEV market in February, down from 2.8% and 21.6% last year respectively. It sold fewer than 17,000 cars in the European Union, Britain and European Free Trade Association countries, compared to over 28,000 in the same month in 2024. Tesla currently faces a number of challenges in Europe. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, often cheaper electric models.

Subscribe to enjoy similar stories. President Trump wants to secure the minerals the U.S. needs for everything from smartphones to jet fighters by striking deals in Ukraine, Greenland and even Russia.

Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners. U.S. President Donald Trump said automobile tariffs are coming soon, and said he may give «a lot of countries» breaks on tariffs, but provided no details.