Monday, August 10
London: The U.S. takeover of Venezuela's oil exports has re-routed crude barrels that were being used to service debt owed to China.Venezuela has emerged as one of China’s closest strategic partners in Latin America, with ties spanning energy, finance, military cooperation and space infrastructure, according to the US-China Economic and Security Review Commission. The commission notes that Beijing’s relationship with Caracas has deepened steadily since the late 1990s and was elevated to an “all-weather strategic partnership” in 2023, underscoring long-term cooperation despite U.S. sanctions.How much does Venezuela owe China, and how and why was the country getting debt payments after Venezuela's default?How much does Venezuela owe China? Data on Venezuela's debt is sketchy, p
Mumbai: The Bombay High Court has granted an interim stay on a ₹57.29 crore GST demand plus penalty sought from Himesh Foods, the company that runs the Mad Over Donuts chain in India.The Directorate General of Goods and Services Tax Intelligence (DGGI), in a show-cause notice, held that over-the-counter sale of donuts could not be treated as a restaurant service and so would face 18% GST, not 5% that the company was paying.Himesh Foods challenged the show-cause notice before the high court. Meanwhile, the GST Appellate Authority in 2025 upheld the ₹57.29 crore demand and imposed a penalty on the company. Himesh Foods challenged that as well. Referring to an earlier order granting interim protection in similar proceedings, a division bench of Justice GS Kulkarni and Aarti Sathe held tha
Canadian universities are set to deepen academic and research ties with India, as Universities Canada leads a nationwide delegation to the country from February 2 to 6, following renewed momentum in Canada-India relations and the start of negotiations toward a Comprehensive Economic Partnership Agreement. The five-day visit will see a delegation of 21 Canadian university presidents travel to Goa, New Delhi and Gujarat International Finance Tech-City to meet leaders from India’s higher education sector, government and industry. The mission aims to expand research collaboration, build industry partnerships and explore sustainable models of transnational education. Strengthening Canada-India academic collaboration The delegation builds on Canada’s recently announced $1.7-billion research
