MUMBAI: The International Civil Aviation Organization (ICAO) will take up 14 working papers submitted by the International Air Transport Association (IATA) at its 42nd Assembly in Montreal this month. These papers cover aviation safety, sustainability, and efficiency, with a strong focus on boosting Sustainable Aviation Fuel (SAF) production, reaffirming CORSIA as the sole global climate…
Wall Street edged higher on Friday, keeping pace for a potential record-setting week, with the S&P 500 up 0.1% and the Nasdaq rising 0.3%, while the Dow Jones Industrial Average gained 17 points, or less than 0.1%, by 9:35 a.m. Eastern time, AP reported. The gains follow all-time highs hit by the three major indexes…
Gold rate today: Gold prices bounced back in the national capital on Friday, rising by Rs 800 to Rs 1,14,000 per 10 grams, driven by strong global cues amid escalating geopolitical tensions and renewed trade frictions between the US and China. The yellow metal of 99.9 per cent purity had closed at Rs 1,13,200 per…
Japan’s Rating and Investment Information, Inc. (R&I) has upgraded India’s long-term sovereign credit rating from ‘BBB’ to ‘BBB+’ with a Stable Outlook, marking the country’s third sovereign rating upgrade in 2025. The move emphasizes confidence in India’s domestic demand-driven growth and prudent fiscal management, the Government of India announced on Thursday.“Despite the uncertainties surrounding the…
India’s stock markets are being propped up largely by consistent mutual fund investments, which are preventing a sharper fall despite heavy outflows, Jefferies has said in a new report.The brokerage noted that without these steady inflows, the high level of equity supply in the market could have triggered a collapse, news agency ANI reported. “Indian…
The Goods and Services Tax (GST) Council’s decision to shift from four slabs to a simpler two-rate structure of 5 per cent and 18 per cent from September 22 is unlikely to weigh on government finances, ratings firm Crisil has said.In its latest report, Crisil noted that the government has estimated a short-term annualised revenue…
Pete Hoekstra (Image/X@USAmbCanada) and Donald Trump (AP image) The US ambassador to Canada Pete Hoekstra has voiced frustration over what he sees as growing anti-American sentiment in the country, including from political leaders, following US President Donald Trump’s decision to impose tariffs on much of the world.Speaking at a Halifax Chamber of Commerce event on…
This decision directly impacts India’s state-operated India Ports Global Limited (IPGL), which has managed the Shahid Beheshti terminal at the port. At a time when India and the US are looking to seal a trade deal, the Donald Trump administration has dealt a fresh blow to India’s trade and strategic ambitions by removing sanctions waivers…
The ministerial delegation, comprising over 70 representatives, aims to boost exports in sectors including textiles. (AI image) India and the UAE are looking to reach a figure of $100 billion trade in non-oil and non-precious metal segments – double from the levels right now. The plan has been outlined to achieve the target in the…
Srinivas Phatak (Image/Unilever official website) Consumer goods major Unilever has appointed India-born Srinivas Phatak as its Chief Financial Officer (CFO), the company on Tuesday. His appointment, effective immediately, comes a little over six months after he was given charge as Acting CFO.Phatak, 53, succeeds Fernando Fernandez, who earlier this year transitioned from CFO to CEO….
