The rupee closed at a fresh all-time low of 88.35 against the US dollar on Thursday, tumbling 24 paise amid sustained tariff tensions between India and the US, foreign fund outflows, and rising crude oil prices.Forex dealers said a stronger dollar ahead of US inflation data further weighed on the Indian unit, which continues to…
Coffee prices are up nearly 21 percent over the past year, partly because of President Trump’s punishing tariffs on Brazil and Vietnam. Source link
US President Donald Trump and Prime Minister Narendra Modi have recently indicated an improvement in relations. (AI image) With US President Donald Trump saying that the trade deal negotiations between India and America will continue, a key government official has struck an optimistic note on issues being sorted out.The US Commerce Secretary Howard Lutnick expressed…
The city’s turmoil, from wildfires to curfews, has exacted a toll on some of its best-loved restaurants and raised worries about the future. Source link
Wall Street traded near record highs on Thursday as fresh US economic data reinforced expectations that the Federal Reserve will cut interest rates next week to support growth. The S&P 500 rose 0.3% in early trade after setting new records in the last two sessions, while the Dow Jones Industrial Average advanced 95 points and…
The killing of the political activist raises new questions about the rise of targeted violence against public figures like politicians and business leaders. Source link
The European Central Bank (ECB) kept its benchmark deposit rate steady at 2% on Thursday, with inflation back under control and the eurozone economy showing resilience despite US President Donald Trump’s tariff measures.At the post-decision news conference, attention is expected to focus on ECB President Christine Lagarde’s remarks on France’s fiscal crisis and whether the…
The central bank is likely to lower borrowing costs at its meeting next week amid budding concerns about the labor market. Source link
The road transport ministry is preparing a toll policy to extend benefits to both state and private bus operators who use national highways, Union minister Nitin Gadkari said on Thursday.The government has already rolled out a FASTag-based annual pass for non-commercial vehicles at Rs 3,000 from August 15, aimed at easing highway travel. The pass…
India moves to boost high-grade steel production to reduce import dependence; Kumaraswamy assures ‘all necessary support’ India is stepping up efforts to manufacture specialised high-grade steel for the automobile sector in order to cut down reliance on imports, Union minister for steel and heavy industries H D Kumaraswamy said on Thursday.Speaking at the annual convention…
