NEW DELHI: While the recent social media exchanges between PM Modi and President Donald Trump are being seen as signs of a possible recovery in India-US ties, Indian govt believes not enough attention has been paid to the “positive steps” in the relationship since Trump took charge.These measures, according to govt sources, have led to…
NEW DELHI: US Ambassador to Nato Matthew Whitaker on Tuesday claimed that Russia’s military operations in Ukraine are being financed through oil sales to countries including India, China and Brazil. Speaking to Fox News, Whitaker urged for additional sanctions and tariffs on these nations to increase economic pressure on Moscow.He said Russia’s economy is showing…
Union Minister Ashwini revealing Cabinet decisions NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved the doubling of the Bhagalpur–Dumka–Rampurhat railway line, covering a distance of 177 km across Bihar, Jharkhand, and West Bengal. The project is estimated to cost approximately Rs 3,169 crore. “The enhanced line…
Chief Economic Adviser (CEA) V Anantha Nageswaran (File photo) NEW DELHI: Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday clarified that India is not participating in any initiative to create an alternative to the US dollar, confirming that no such plans are under consideration. Speaking at an AIMA event, he highlighted India’s economic resilience…
Danish pharmaceutical giant Novo Nordisk on Wednesday announced plans to reduce its global workforce by 11 percent, eliminating 9,000 positions, including 5,000 in Denmark. The move aims to save eight billion kroner ($1.3 billion) as competition intensifies for its anti-obesity treatments Ozempic and Wegovy, as reported by AFP.The company also lowered its earnings forecast for…
US producer prices unexpectedly fell 0.1% in August from July, the Labor Department reported Wednesday, after a 0.7% advance the previous month.The producer price index — a measure of inflation in the supply chain before it reaches consumers — showed wholesale services prices dropped 0.2% as retailers and wholesalers absorbed costs from President Donald Trump’s…
GDP fluctuations caused by Donald Trump administration’s tariff-related factors mask the actual economic deceleration. (AI image) The US economy is slowing down, a fact that is now evident in ‘hard’ data according to Fitch ratings’ latest Global Economic Outlook report. “The US economy is slowing down. Our growth forecasts for both 2025 and 2026 are…
Trump suggested the EU should implement tariffs of up to 100% on India and China to exert pressure on Russian President Vladimir Putin. (AI image) US President Donald Trump has reportedly urged the European Union to impose 100% tariffs on countries like India and China for their Russian oil purchases, but the EU may not…
Shares of Swedish buy-now-pay-later company Klarna surged 30% in their much-anticipated public debut on the New York Stock Exchange, opening at $52 compared to the IPO price of $40 set late Tuesday.More than 34 million shares worth about $1.37 billion were sold, making it the largest IPO this year, according to Renaissance Capital. It took…
Markets regulator Sebi on Wednesday announced that foreign portfolio investors (FPIs) investing solely in government securities under the fully accessible route will no longer be required to provide investor group details.In a circular, Sebi said these investors will also be exempted from certain disclosure and reporting requirements applicable to regular FPIs. The changes are intended…
