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Tax authorities have ordered Samsung and its executives in the country to pay ₹5,156 crore ($601 million) in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years.
Read more at: The Hindu
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United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing a baseline 10 per cent tax on all imports and significantly higher rates on dozens of countries with which the US runs trade deficits.
The Tamil Nadu Hotel Owners Association, on Wednesday (September 4, 2025), announced a boycott of mineral water and beverage products manufactured by United States-based companies, as well as a plan to log out of food delivery apps, such as Swiggy and Zomato, and instead migrate to a home-grown app.
The 50% tariff imposed by the US on India could be significantly eased, and the additional 25% tariff imposed by Trump on Russian oil purchases could be lifted.