India-UK trade pact: Deal likely to be signed by July-end, legal scrubbing under way; commerce secretary holds talks in London

India and the United Kingdom are likely to sign the long-pending free trade agreement (FTA) by the end of July, with the legal vetting of the agreement text now progressing at an accelerated pace, a senior government official said on Monday.To fast-track the process, Commerce Secretary Sunil Barthwal is currently in London with his team…

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A flight to nowhere! Qantas Airways flight, airborne for 15 hours, returns to origin airport – courtesy Middle East airspace closure

The US military intervention in Israel’s conflict with Iran has led to widespread travel chaos globally this week. (AI image) Imagine a 15 hour flight that leads you – nowhere! That’s the plight of passengers on a recent Qantas Airways flight, which flew for 15 hours, only to return to its place of origin. Travellers…

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US stock market today: Wall street rallies after announcement of Israel-Iran ceasefire, oil prices drop sharply

Oil prices fell sharply and global stocks rallied on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran, easing fears of a broader conflict that could disrupt global crude supply.Benchmark US crude tumbled 4.9% to $65.12 a barrel, while Brent, the international benchmark, slid 4.8% to $67.14. The drop brought oil prices…

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Jerome Powell resists Donald Trump pressure: Fed chair tells House panel ‘we are well positioned to wait’, says more economic clarity needed for rate cut

Federal Reserve Chair Jerome Powell said the central bank will maintain a cautious stance on interest rates and await more data before considering cuts—directly opposing President Donald Trump’s fresh demands for immediate rate reductions. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before…

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‘Duopoly not good’: Telecom minister pushes for competition; Scindia says Moore’s law must apply to data pricing in India

Union Telecom Minister Jyotiraditya Scindia (Pic credit- ANI) Union Telecom minister Jyotiraditya Scindia on Tuesday said that duopoly is not healthy for any sector and stressed the need for robust competition across the telecom ecosystem, while announcing that guidelines for delicensing 6 gigahertz spectrum for wifi services will be issued before August 15.Speaking at the…

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Adani defence role: Drones played frontline role in Operation Sindoor, says Gautam Adani

Gautam Adani (Pic credit- AP) Billionaire Gautam Adani on Tuesday said drones and anti-drone systems made by his conglomerate played a frontline role in Operation Sindoor — the precision counter-terror strike launched by Indian Armed Forces in direct retaliation for the Pahalgam terror attack.“Operation Sindoor called, and we delivered,” Adani told shareholders at the company’s…

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