US producer prices rose modestly in May, offering further evidence that inflationary pressures remain subdued even as tariffs continue to loom over global trade, according to data released by the Labor Department on Thursday.The Producer Price Index (PPI), which tracks inflation at the wholesale level before it reaches consumers, rose 2.6% in May from a…
Flight operations at Ahmedabad Airport were suspended after an Air India plane crashed shortly after takeoff on Thursday. IndiGo and SpiceJet have issued travel advisories, offering rebooking or refunds. According to the latest update, limited flight operations have now resumed at the airport. Air India plane crash news: As flight operations at Ahmedabad were temporarily…
India’s headline retail inflation fell to 2.82% in May 2025, the lowest year-on-year rate since February 2019, according to data released by the National Statistical Office (NSO) on Wednesday. The Consumer Price Index (CPI) reading was down 34 basis points from 3.16% in April, driven primarily by a sharp moderation in food prices and a…
Air India plane crash (PTI photo) Air India Ahmedabad plane crash: Boeing Company Ltd.’s stock plunged 7% during Thursday’s pre-market session following Air India Boeing 787-8 Dreamliner aircraft crash shortly after take off from Ahmedabad on its scheduled flight to London.The Boeing 787 Dreamliner features a widebody design with twin engines. This incident marks the…
NEW DELHI: Zara’s India operations posted nearly flat revenue growth in FY25, with sales rising just 0.5% to Rs 2,782.06 crore, however, its net profit jumped by 23% to Rs 299.47 crore, according to Trent Ltd’s latest annual report.Inditex Trent Retail India Private Ltd (ITRIPL), the joint venture (JV), which runs Zara stores in India,…
The United States notified the WTO on Monday that the automotive tariffs were implemented under Section 232. (AI image) The United States has informed the World Trade Organization (WTO) that India’s request for consultations regarding American tariffs on automobiles and auto components under the trade watchdog’s safeguard agreement was unfounded.The United States notified the WTO…
The airport division, which is entirely owned by Adani Enterprises Ltd, has an estimated value of $20 billion. Adani Airport Holdings Ltd (AAHL) is considering raising approximately $1 billion in equity from international investors whilst assessing expansion strategies and possible acquisitions, Adani Group CFO Jugeshinder Singh has said. The airport venture will be seeking external…
Elon Musk had contacted Trump via telephone prior to making his public apology. (AI image) Elon Musk net worth: The world’s richest person, Elon Musk, saw his net worth increase modestly after he expressed regret about remarks made against US President Donald Trump.Forbes’ real-time billionaire tracking system indicated that Elon Musk’s fortune increased by $191…
Amidst the ongoing trade and geopolitical tensions, gold and silver are being seen as safe haven investments. (AI image) Gold and silver price prediction: Gold prices have been currently recovering after dipping from recent highs. Silver prices on the other hand are touching new highs. Amidst the ongoing trade and geopolitical tensions, gold and silver…
US President Donald Trump on Wednesday said he’s open to extending the July 8 deadline for trade talks before higher tariffs kick in, but added that an extension probably won’t be “a necessity.“Speaking to reporters ahead of a performance at the Kennedy Center Trump said, “We’re rocking in terms of deals. We’re dealing with quite…
