SBI Cards appointed Salila Pande as its new Managing Director (MD) & Chief Executive Officer (CEO).
Her appointment marks the beginning of a new leadership phase for the company as it continues to expand its footprint in India's growing credit card market. With nearly three decades of experience in the banking sector, Salila Pande brings a wealth of knowledge and leadership skills that will drive the company's future growth.
Salila Pande has had a distinguished career with the State Bank of India (SBI), spanning nearly 30 years. Her expertise in retail banking, credit services, and financial management positions her as an ideal leader for SBI Card.
Trump Slaps 26% Reciprocal Tariffs on India
In a move that could likely trigger a diversion of trade in favour of India, US President Donald Trump announced a 26 per cent reciprocal tariff on India, lower than the 34 per cent imposed on China and 46 per cent on Vietnam, both of which are among the top exporters to the US and key competitors in the American market.
Tariffs on India were also lower than those on several Asian peers, including 36 per cent on Thailand and 32 per cent on Indonesia—countries that have received significant investment from China and are increasingly integrating with the Chinese supply chain.
However, the tariffs imposed on India were higher than the 24 per cent duty on Japan, 25 per cent on South Korea, 24 per cent on Malaysia, 20 per cent on the European Union, and 10 per cent on the UK. Notably, Trump announced 32 per cent tariffs on Taiwan, a key chip manufacturing centre.
Mundra Port Becomes India's First to Handle 200 Million Tonne Cargo
Mundra Port, the flagship shipyard of Billionaire Gautam Adani-led Adani Ports, became the first India dockyard to handle over 200 million metric tonnes of cargo volume in 2024-25.
The port handled 200.7 MMT of cargo during FY25. During FY25, all the ports of APSEZ collectively handled 450.2 MMT cargo volume, a seven percent year-on-year growth compared to previous year.
Rajnigandha Achievers Winner of Aditya Birla Memorial Polo Cup 2025
The Aditya Birla Memorial Polo Cup 2025 culminated in a thrilling final, with the Rajnigandha Achievers emerging victorious against Jindal Panther. The match was held in New Delhi. This prestigious tournament, honouring the late Shri Aditya Vikram Birla's passion for polo, saw some of the finest polo players from around the world come together to compete.
The prestigious cup was presented to the Rajnigandha Achievers by Jagdeep Dhankhar, the Vice President of India, Rajashree Birla, and Askaran Agarwala, Group Advisor of the Birla Group Trusts.
Rob Walter Resigns as South Africa White-Ball Coach
Rob Walter resigned as South Africa men's cricket team's white-ball head coach. According to an official statement released by Cricket South Africa (CSA), Walter submitted his resignation citing 'personal reasons'. The Proteas are yet to announce who will succeed him in the role.
During Rob Walter's tenure as head coach, the South African team reached the T20 World Cup 2024 final. In the summit clash, they were defeated by Rohit Sharma's Team India at the Kensington Oval in Bridgetown, Barbados.
Reliance Partners with BLAST to Boost, Expand Esports Business in India
Reliance's wholly-owned subsidiary RISE Worldwide entered into a strategic partnership with BLAST Esports to form a joint venture to conduct esports business in India.
Reliance and BLAST will partner to develop market-leading Intellectual Properties (IPs) in India and introduce BLAST's global IPs to the Indian market for fans, players, and brands.
BLAST, a wholly-owned subsidiary of Denmark-based BLAST ApS, is one of the biggest tournament organisers in the world. It works with the world's biggest game publishers, including Epic Games, Valve, Riot Games, KRAFTON, and Ubisoft, to create leading global esports properties.
India and Australia commemorated the third anniversary of the Economic Cooperation and Trade Agreement (Ind-Aus ECTA), reaffirming their commitment to deepening economic ties and fostering mutual prosperity. Since the agreement's implementation, bilateral trade between the two nations has reached USD 24 billion.
The ECTA has opened new avenues for trade and investment, benefiting key sectors such as textiles, pharmaceuticals, chemicals, and agriculture. Additionally, India's imports of essential raw materials, including metalliferous ores, cotton, and wood products, have contributed to industrial growth, reinforcing the complementary nature of the partnership.
Union Commerce and Industry Minister Piyush Goyal Inaugurates Start-up Mahakumbh
Union Commerce and Industry Minister Piyush Goyal inaugurated the second edition of Start-up Mahakumbh, taking at Bharat Mandapam from April 3 to 5, 2025.The event aims to contribute further to India's economic growth and showcase to the world the unfolding story of Bharat. Minister of State, Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, Jitin Prasada, delivered a special address during the inaugural event.
During this year's edition Tribal entrepreneurs are also taking the stage with participation from 45+ start-ups including those incubated at IIM Calcutta, IIM Kashipur, and IIT Bhilai.
Warangal Chapata Chilli Receives GI Tag, Boosting Farmer Benefits
In a significant development for farmers in Telangana, the Chapata Chilli, also known as Tomato Chilli, received the Geographical Indication (GI) tag. This milestone is expected to benefit around 20,000 farmers in the Warangal region by increasing their income and boosting market demand for this unique chilli variety.
The Chapata Chilli is known for its bright red color and mild pungency, making it a preferred choice among pickle makers. Its natural red pigment also makes it ideal as a natural coloring agent in the food and beverage industry, replacing synthetic dyes.
The 7th India-Japan Maritime Affairs Dialogue was held in the Japanese capital with both sides discussing ways to sustain a secure maritime environment conducive for inclusive growth and global well-being.
The Indian delegation was led by Muanpuii Saiawi, Joint Secretary (Disarmament and International Security Affairs) in the Ministry of External Affairs, and the Japanese delegation by Kashiwabara Yutaka, Deputy Director-General and Deputy Assistant Minister, Asian and Oceanian Affairs Bureau.
Both countries reviewed ongoing cooperation initiatives in the maritime domain and avenues of reinforcing international and regional mechanisms for comprehensive maritime security. They agreed to strengthen their shared efforts in areas such as Maritime domain awareness, countering Illicit Maritime Activities (IMA), capability development and capacity building activities.
RSWM Limited Receives Three Prestigious Recognitions at MATEXIL Export Awards 2023-2024
Rajasthan Spinning & Weaving Mills Limited (RSWM Limited), the flagship company of LNJ Bhilwara Group, was recognised for its outstanding export performance by the Manmade and Technical Textiles Export Promotion Council (MATEXIL), at an industry leading event, the MATEXIL Export Awards 2023-24 in Mumbai.
At the MATEXIL Export Awards 2023-2024, three recognitions were conferred to RSWM by Giriraj Singh, Union Minister of Textiles, Government of India, who had graced the event alongside industry leaders.
RSWM was recognized with:
Gold in the category of Best Export Performance in Spun Yarn (2023-24)
Silver in the Best Export Performance category for Man-Made Fibre Yarn Blended with Natural Fibre (2023-24)
Bronze in the category of Best Overall Export Performance Special Award (2023-24)
Plaksha University Launches Binny Bansal Institute for AI, Robotics
Plaksha University, a technology university reimagining higher education and research in India, launched the Binny Bansal Institute for Inventing the Future (IIF). This research institute, backed by Binny Bansal, founder, Flipkart and xto10x, is focused on developing innovative solutions to tackle global challenges using frontier technologies like artificial intelligence (AI), blockchain and robotics. Binny Bansal has given startup funding of Rs. 70 crore to set up IIF.
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