US consumer inflation held steady at 2.7% in July, but core prices rose as President Donald Trump’s sweeping tariffs continued to influence the economy, according to data released on Tuesday.However, the figure came in slightly below the 2.8% rate predicted by analysts in a median forecast from Dow Jones Newswires and The Wall Street Journal.Core […]
‘Creating false narrative’: Oil ministry reacts to ‘fear mongering’ on 20% ethanol-blended petrol on vehicles; Here’s what it said
The ministry of petroleum and natural gas on Tuesday strongly rejected what it calls “fear-mongering” over the performance and safety of E20 fuel, a blend of 20% ethanol and 80% petrol, saying claims of drastic fuel efficiency loss and insurance issues are “misplaced” and “creating a false narrative.”In a detailed press release on Tuesday, the […]
US stocks today: Wall Street nears record high after lower than expected inflation; Dow jumps 400 points, Nasdaq gains 0.99%
Wall Street charged towards record highs on Tuesday after fresh data showed inflation across the United States was slightly cooler than economists prediction, fuelling hopes that the Federal Reserve could cut interest rates in September.The S&P 500 climbed 0.85% or 54 points, looking set to surpass its all-time high reached just two weeks ago. The […]
Troubles mount! One in six NRIs on H-1B visas feel threat of US deportation; many thinking of returning to India: Poll
H-1B visa trouble: A growing number of Indian professionals in the US on H-1B visas are facing an unexpected and alarming threat of deportation landing on their doorsteps before the official 60-day grace period even runs out. Laid off and staring down the barrel of a possible permanent US ban, many say it feels like […]
No upper hand for US? Why Donald Trump has extended tariff truce with China for another 90 days – explained
Experts believe Trump has not been able to effectively influence China with his trade war tactics. (AI image) US President Trump has extended the trade ceasefire with China by an additional 90 days, temporarily averting a potential economic confrontation between the world’s largest economies. Trump said he has been “dealing very nicely with China” as […]
‘Not qualified for certain high-risk airports’: DGCA issues show-cause notice to IndiGo over simulator training lapses for 1,700 pilots; airline responds
NEW DELHI: The directorate general of civil aviation (DGCA) has issued a show cause notice to IndiGo over alleged lapses in simulator training for nearly 1,700 pilots, PTI reported quoting sources on Tuesday.The notice was sent after the regulator scrutinised records and reviewed IndiGo’s responses submitted last month.Confirming that the airline is currently reviewing the […]
India’s first hydrogen-powered train is ready! Railway minister Ashwini Vaishnaw shares sneak peek – watch video
India has taken a significant step towards eco-friendly transportation with hydrogen-powered trains. Indian Railways is set to launch India’s first hydrogen-powered train! Railway minister Ashwini Vaishnaw on Tuesday shared a video post on social media platform X (formerly Twitter) showcasing a glimpse of the first hydrogen-powered train in India.India has taken a significant step towards […]
Hydro mega project: Govt approves Rs 8,000 crore Tato-II project in Arunachal; to bring 12% free power and major local development
The Union government on Tuesday approved a major investment worth over Rs 8,000 crore in Arunachal Pradesh, giving a major boost to the state’s power and infrastructure sector. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, sanctioned the construction of the 700 MW Tato-II Hydro-Electric Project in the Shi Yomi district.According […]
Retail inflation plunges! July 2025 CPI dips to 8-year low of 1.55%; food inflation slips to -1.76%
Rural areas saw headline inflation ease to 1.18% from 1.72% in June, with food inflation dropping from -0.87% to -1.74%. (AI image) The Consumer Price Index (CPI) inflation for the month of July 2025 touched an 8-year low of 1.55%. The headline retail inflation cooled sharply touching 1.55% year-on-year — the lowest since June 2017 […]
Big ‘Make in India’ push! Cabinet approves four new semiconductor projects; cumulative investment of around Rs 4,600 crore eyed – check details
The approval of these projects will substantially strengthen the country’s semiconductor ecosystem. (AI image) Prime Minister Narendra Modi-led Union Cabinet on Tuesday gave approval to four new semiconductor projects within the India Semiconductor Mission (ISM) framework. The semiconductor ecosystem in India is gaining attention, with six previously approved projects currently at different implementation stages. The […]