New Delhi: An IndiGo Airbus A321 (VT-ICM) suffered a tail strike during landing in Mumbai on Saturday morning amid heavy rain. The aircraft was flying in from Bangkok as 6E 1060 and it executed a low level go-around (aborted landing) when the tail strike happened. The plane landed safely in the second attempt just after […]
Tariff tantrums: After India, China next to feel US’ secondary tariffs over Russian oil? ‘two or three weeks’ warns Donald Trump
After the US imposed a 50% tariff on India for buying Russian oil, many are questioning why China was spared such action despite being one of Russia’s biggest oil buyers.US President Donald Trump said on Friday (local time) that he does not see an immediate need to impose retaliatory tariffs on countries like China for […]
Critical minerals push: 5 policy pillars proposed for India’s rare earth self-reliance – report
India is stepping up efforts to secure its rare earth supply chain, a key element for clean energy expansion and electric mobility growth. A report by global consulting firm Primus Partners, ‘From Extraction to Innovation’, outlines a detailed plan to achieve self-reliance in rare earth magnets under the government’s Viksit Bharat vision, reported ANI.The report […]
India-US tariffs: Only 7.38% of Indian exports affected; ICRIER suggests negotiation and trade diversification
Almost 70% of Indian goods exports to the US, or around $60.85 billion, are now facing a 50% tariff imposed by the US.An analysis by the Indian Council for Research on International Economic Relations (ICRIER) shows that the figures are just 1.56% of India’s GDP and 7.38% of its total exports and pose no catastrophe […]
Nifty may swing -11% to +4% around 25,000; macro uncertainty clouds outlook: Report
Nifty 50 could fluctuate between 11 per cent below and 4 per cent above its year-end target of 25,000 as markets face a host of uncertainties, according to a report by BofA Securities.As per news agency ANI, the brokerage said that possible US trade tariffs on Indian goods, a shaky US economic outlook, delays in […]
Air Canada strike: Worldwide services hit as 700 flights grounded; 10,000 attendants walk off
Travellers wait in line for the next available agent at the Air Canada counter in Montreal-Pierre Elliott Trudeau International Airport in Dorval, Quebec. (Picture credit: AP) Air Canada has suspended all operations after more than 10,000 of its flight attendants walked off the job early Saturday, plunging peak summer travel into chaos and leaving passengers […]
‘Tariffing India won’t stop Putin’: Democrats rip into Trump’s tariff move; urge military aid for Ukraine
Democrats rip into Trump’s tariff move (Picture credit: AP) Democrats on the US House Foreign Affairs Committee have sharply criticised the Trump administration’s warning of higher tariffs on India if talks with Russian President Vladimir Putin fail to produce results.Responding on social media platform X to comments by US treasury secretary Scott Bessent, the Committee […]
‘Much required’: PM EAC member Sanjeev Sanyal welcomes S&P rating upgrade; says India still ‘underrated’
File photo: PM EAC member Sanjeev Sanyal (Picture credit: ANI) India’s sovereign credit upgrade from S&P Global Ratings was “much required” but still leaves the country rated below its true economic strength, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said.Reacting to S&P’s move to lift India’s rating from ‘BBB-’ to ‘BBB’, […]
‘Russia lost an oil client, which is India’: What Donald Trump said before meet with Putin; ‘secondary sanctions would be devastating…’
“It is highly regrettable that the US has chosen to impose additional tariffs on India for actions that many other countries are also undertaking,” India has said. (AI image) US President Donald Trump believes that his 25% additional tariffs on India for its Russian crude trade made Russia lose a major oil client. Ahead of […]
IOC net doubles to ₹5,689 crore in Q1
NEW DELHI: State-run IndianOil Corporation Ltd has reported a standalone profit of Rs 5,689 crore in the first quarter against Rs 2,643 crore in the year-ago period on the back of robust margins. The company recorded an inventory loss of Rs 6,465 crore against a gain of Rs 3,345 crore in the previous corresponding period. […]