Trump Praises Hassett, but Casts Doubt on Making Him Fed Chair
The blowback set off by the Justice Department’s criminal investigation into Jerome H. Powell, the chair of the central bank, has shaken up the race to replace him. Source link
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$10 billion green project in Andhra set for key milestone
AMARAVATI: A $10-billion green hydrogen and green ammonia project at the port city of Kakinada in Andhra Pradesh is set to reach a key construction milestone with its first major equipment erection ceremony, underscoring India’s push to emerge as a supplier of green energy to global markets including Germany, Japan and Singapore. The first major…
WestJet Backpedals on Economy Seats That Don’t Recline
WestJet, Canada’s second-largest carrier, backpedaled on a new seating plan after videos of crammed travelers went viral on social media. Source link
RBI gives more room to importers paying in Rupee
MUMBAI: RBI is stepping up efforts to promote internationalisation of the Indian rupee by amending foreign trade rules to allow exporters more time to realise export proceeds when transactions are invoiced and settled in rupees, signalling a clear policy preference for Indian rupee-denominated trade.Under the revised 2026 regulations, exporters invoicing in foreign currency will continue…
Edison Files Claims Against Los Angeles County and Others on Eaton Fire
Southern California Edison said its equipment most likely started the Eaton fire but asserted that government agencies and other businesses shared liability for the devastation. Source link
New labour code triggers nearly Rs 5k crore in one-time charges across top IT firms
BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
F.A.A. Urges ‘Caution’ Over Oceans in Latin America, Warning of Military Activity
The Federal Aviation Administration released seven advisories warning pilots to stay away from parts of the Pacific Ocean near Mexico, Colombia, Ecuador and Panama. Source link
Tech wreck: Job cuts at TCS drag Big 5 IT companies’ net hiring to 17 in 9 months
BENGALURU: With just 17 net hires in the first nine months of the 2025-26 financial year, India’s top five IT companies eased off the hiring throttle and moved firmly into caution mode. The muted performance marked a sharp contrast to the 17,764 net additions recorded during the same period last year, highlighting how the hiring…
Trump Outlines Health Care Proposals as Prices and Premiums Rise
The long-awaited plan would leave much to Congress and calls for payments to health savings accounts rather than insurance subsidies, among other broad proposals. Source link
Sebi lines up reforms to boost investment, woo foreign funds
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Friday said the regulator is working towards introducing a series of reforms in the capital markets, including some that would make it easier for foreign investors to invest in India. The Sebi chief also said that the regulator was working on a plan to introduce a closing auction…