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Subscribe to enjoy similar stories.Tata Cliq, the flagship e-commerce platform of Tata Group, is focusing on premium brands, luxury shopping, and franchising marquee international brands in India as the size and scope of the country's e-commerce business grow rapidly.The company is betting on the upcoming India launch of the US premium athleisure brand Lululemon, expanding its luxury offerings, and introducing new categories such as supplements and other wellbeing products.This comes at a time when India’s e-commerce sector, with major players such as Amazon, Flipkart, and Meesho, continues to battle for scale while offering deep discounts. Tata Cliq is positioning itself around affluent consumers, curated offerings and premium experiences.Tata Cliq, which has been in business for ten years, is preparing to launch the first few stores of Lululemon in three months, chief executive Gopal Asthana told Mint.

Subscribe to enjoy similar stories.As Donald Trump and Xi Jinping engage in high-stakes talks in Beijing, the underlying context is that global imbalances are widening again, with the US and China at the centre. But the central economic problem between the world’s two big economies is being misdiagnosed.The US–China imbalance is not fundamentally a trade policy problem. It is a structural macroeconomic imbalance rooted in savings, investment, fiscal choices and the architecture of the international monetary system.

Subscribe to enjoy similar stories.An underappreciated surplus of crude oil, sloshing around storage tanks and aboard ships, cushioned the global economy when the Persian Gulf closed 2½ months ago.That excess supply is now dwindling at a record pace, with oil executives and analysts predicting that a harsh reckoning is set to upend the relative calm in energy markets. Acute shortages of key fuels and soaring prices could emerge within weeks if the Strait of Hormuz remains shut.The drawdown in private storage and government strategic reserves along with a fall in demand due to the higher prices, has bought time and prevented oil prices from exploding.

Subscribe to enjoy similar stories.A few years ago, on a boat ride in Hong Kong, Nimesh Chandan, CIO of Bajaj Finserv AMC, was battling motion sickness. A friend told him: focus on the horizon.

Subscribe to enjoy similar stories.President Donald Trump and Chinese leader Xi Jinping spent their first day of bilateral talks on Thursday showing an eagerness to manage the economic rivalry between their countries.Trump talked about the possibility of increased economic ties, and Xi held out the possibility of U.S. companies enjoying “even broader prospects in China.”Even the most glaring point of friction in the talks – a warning from Xi that differences over Taiwan could lead to conflict and jeopardize the relationship – could be an opportunity to dial down the tensions if the two economic powerhouses find ways to navigate their complicated relationship.“Trump and Xi are staking out their positions on geopolitical issues that are of particular importance to each of them, while signaling some openness to being more accommodative on other subjects like trade, technology, and market opening,” says Eswar Prasad, a Cornell economics professor and former head of the China division for the International Monetary Fund.China greeted Trump and a delegation of more than a dozen chief executives from U.S.

Subscribe to enjoy similar stories.Insuretech startup OneAssist Consumer Solutions Pvt. Ltd is opening new lines of business as it seeks to de-risk its revenue from reliance on smartphones.“While new phones continue to be the major portion of our revenue, growth in that overall market is slowing, which is why we're expanding and growing in other directions,” said co-founder Subrat Pani in an interview with Mint.In 2025-26, the PeakXV-backed startup entered the used-car segment, marking its entry into the automobile segment.

Subscribe to enjoy similar stories.New Delhi: Roche Pharma India has launched Tecentriq SC (atezolizumab), the country’s first subcutaneous, or under-the-skin, immunotherapy for lung cancer, the company said on Thursday. This breakthrough formulation marks a significant shift in oncology care, reducing treatment administration time from several hours of conventional intravenous (IV) infusion to just seven minutes.Approved by the Drugs Controller General of India (DCGI) around two months ago for adjuvant and metastatic non-small cell lung cancer (NSCLC), Tecentriq SC is now available across India with more than 100 patients already on immunotherapy.The launch comes at a time when India grapples with a rising cancer burden.

Subscribe to enjoy similar stories.For over two decades, an Oman-based NRI has called Muscat home, building a career in a country that levies zero personal income tax.In India, he filed his tax returns dutifully, claimed NRI status and availed the concessional rates that came with it, including the 5-20% flat tax on interest and dividend income, which would otherwise be taxed at slab rates for residents. It was meant to be a watertight benefit under the Double Taxation Avoidance Agreements (DTAA).Then, last year, the income tax department came knocking.

Subscribe to enjoy similar stories.India on Wednesday banned exports of raw, white and refined sugar till 30 September 2026, marking a sharp shift from the earlier “restricted” export regime to a “prohibited” category. However, the government has exempted exports to the US and the European Union under existing quota arrangements. Also, certain consignments already in the shipment pipeline are exempt, including cargo already loaded, shipments cleared by customs and exports under specific tariff-rate quotas.

Subscribe to enjoy similar stories.Gold may be a “barbarous relic,” as John Maynard Keynes once observed, but it remains the relic of choice among central banks. Emerging-market central banks have been loading up on gold reserves ever since the 2008 global financial crisis, more than doubling their holdings. Does the anomalous behaviour of gold prices since the outbreak of the war with Iran call this strategy into question, or is something else going on?Gold’s allure derives from its reputation as a safe haven and inflation hedge.

Subscribe to enjoy similar stories.The Centre's move to lower royalty rates on oil and gas produced in the country is a sharp contrast to its decision to impose a windfall tax during the earlier bout of oil price surge in 2022, when the Russia-Ukraine war began. The West Asia war is causing sharp volatility in oil prices, besides exposing supply-chain vulnerabilities, and seems to have prompted the government to provide greater incentives to encourage domestic production.The share prices of state-owned producers Oil India Ltd (OIL) and Oil & Natural Gas Corp.

Subscribe to enjoy similar stories.When Meta Platforms said in April that it would lay off 10% of its staff, Allen Sun quickly booked a trip to Menlo Park, Calif.It was a prime opportunity. Sun, a Beijing-based headhunter for some of the biggest Chinese tech companies, works to lure China-born talent back home, targeting people at U.S.-based companies such as Meta, Google, Anthropic and Amazon.

Subscribe to enjoy similar stories.BEIJING—President Trump and Chinese leader Xi Jinping reunited on Thursday morning in Beijing, kicking off a summit centered on improving their economic relationship, as the war in Iran and U.S. commitment to Taiwan loom.Speaking inside the Great Hall of the People, both leaders projected optimism for two days of talks.

Subscribe to enjoy similar stories.Bengaluru: India is emerging as one of the most sought-after growth markets for global quick-service restaurant chains, prompting several international brands, which once struggled in the country, to attempt a comeback with revamped playbooks.The latest entrant is Panda Express, the US-based Asian fast-casual chain, which plans to enter India in 2027 through a partnership with Trimex Foods. It is targeting growing demand for international dining brands and widening popularity of Chinese cuisine among Indian consumers, even as global chains remain cautious about the country’s highly competitive and value-conscious market“India has become very aspirational with spending power growing up.

Subscribe to enjoy similar stories.For strict institutional gatekeepers, Billboard has been quite lax about allowing fake artists on its charts. By November, several AI performers were featured, including country music’s Breaking Rust and R&B’s Xania Monet.It’s the kind of casual absurdity that AI music startups like Suno are hoping will become, well, casual. “The technology finally allows for billions of people to be creative, to have the fruits of their labor, to feel fulfillment in a different way,” Suno co-founder Mikey Shulman told Forbes in April.But the inclusion of those fruits—AI creations—on the music charts is an existential emergency signal, raising logistical questions for the music industry.

Subscribe to enjoy similar stories.STOCKHOLM, Sweden—This paragon of collectivism is pivoting toward rugged individualism.For decades, Sweden was shorthand for the brand of high-tax, high-spend government that managed people’s lives from cradle to grave through state-run hospitals, schools and care homes.No longer. With little fanfare, this Nordic country of 11 million has embraced capitalism.Today, nearly half of primary healthcare clinics are privately owned, many by private-equity firms.

Subscribe to enjoy similar stories.BEIJING—When President Trump returns to China nearly a decade after his last visit, he will find a country that is more self-sufficient, militarily assertive and economically insulated from the tools the president has used to stymie it and its ambitions.China has caught up to or surpassed the U.S. in technologies such as batteries, robotics and advanced manufacturing.

Subscribe to enjoy similar stories.Two of India’s largest tractor makers and at least one motorcycle company expect sales of tractors and entry-level motorcycles to slow this year, signalling imminent stress for the auto industry in the rural areas that may spread to other sectors if the monsoon is poor, company executives and analysts said.Mumbai-based Mahindra and Mahindra Ltd estimates 5% growth in its tractor sales volumes in FY27 compared with a 20% increase to 446,948 units in the previous fiscal year. Faridabad-based Escorts Kubota Ltd expects a 2-3% decline in tractor sales this fiscal after a 30% growth to 114,468 units in FY26.Tractor sales in India grew 19% to 1.05 million in FY26, according to the Federation of Automobile Dealers Associations (Fada).The commentary from the companies suggests that consumption demand can slow in rural India this year due to the impending impact of a below-average monsoon, which can spread to other sectors, including fast-moving consumer goods (FMCG).The overall guidance for FY27 is 2-3% up or down, Neeraj Mehra, chief officer of the tractor business division at Escorts Kubota, said on an earnings call on 7 May.“We will see growth this year in this quarter.

Subscribe to enjoy similar stories.New Delhi: The apex drug regulator has directed all licensed blood centres to enrol in a national digital portal, as part of a crackdown after cases of Human Immunodeficiency Virus (HIV) infections in children due to contaminated transfusions across multiple states, according to two government officials and a document reviewed by Mint.The Central Drugs Standard Control Organisation issued a directive ordering all 4,153 licensed blood banks to complete registration on the Online National Drug Licensing System portal by 13 May, a single-window platform that centralizes licensing, tracks donor histories, and provides hospitals and patients visibility into verified blood supplies.“In order to strengthen regulatory oversight, enhance transparency in blood services, and ensure easy public access to blood and its components across the country, it has been decided to generate a database of all Blood Centres on the Online National Drug Licensing System (ONDLS) portal www.Statedrugs.gov.in,” the CDSCO directive to all State Licensing Authorities (SLAs) said.CDSCO has categorized this mission as a ‘priority’.“...all State Licensing Authorities (SLAs) are requested to direct all Blood Centres within their respective jurisdictions to complete this registration latest by 13.05.2026. Action taken may be informed to this directorate for submitting to the MoHFW (ministry of health and family welfare),” the letter said.The e-RaktKosh digital backbone for blood services and National Informatics Centre (NIC) teams are involved in the information flow to manage the technical rollout.The move, authorized by drugs controller general Dr.

Subscribe to enjoy similar stories.DUBAI—The United Arab Emirates has carried out military strikes on Iran, people familiar with the matter said, casting the Gulf monarchy as an active combatant in a war in which it has been Iran’s biggest target.Its military is well-equipped with Western-made jet fighters and surveillance networks. And the attacks suggest the country is now more willing to use them to protect its economic power and growing influence across the Middle East.The strikes, which the U.A.E.

Subscribe to enjoy similar stories.Brexit was a shot heard ’round the world a decade ago next month, when the British voted to reject the recommendation of their political, economic and cultural establishment and leave the European Union. Its global significance was its loud expression of deep disaffection with the self-satisfied, self-serving elites in Western democracies who dictated the boundaries of acceptable debate on immigration, national sovereignty, the globalized economy and the modern gospel of cultural progressivism.