Representative image (AI-image) Medical product manufacturers face potential supply disruptions due to new steel ministry regulations, which require raw materials used in steel products to meet Indian standards.Industry leaders expressed concerns about their inability to comply with the latest rules that mandate BIS certification for imported raw materials like hot rolled steel and ingots. Previously, […]
Infra rollout gains pace: Govt eyes Rs 10 lakh crore in annual highway awards; Gadkari sets FY26 target at Rs 7 lakh crore
The government plans to award road projects worth Rs 10 lakh crore every year, with a target of Rs 7 lakh crore in project awards by the end of FY26, Union road transport and highways minister Nitin Gadkari said on Thursday, signalling renewed momentum after delays linked to the Bharatmala programme.Speaking at the annual session […]
US markets today: Wall Street inches up in choppy week as S&P 500, Nasdaq hit fresh highs
US stocks edged higher on Friday, keeping major indexes on track to close the week with gains, as upbeat earnings and relief over tariff policy continued to support sentiment. The S&P 500 rose 0.3% in early trade, while the Dow Jones Industrial Average added 143 points (0.3%). The tech-heavy Nasdaq, which set a record on […]
Fixing the fleet: Air India taps Singapore Airlines for best practices, retrofitting of legacy aircraft picks up after Ahmedabad crash
Air India is working with Singapore Airlines to adopt global best practices and improve the reliability of its ageing aircraft fleet, CEO Campbell Wilson told employees during a townhall on Friday, amid heightened regulatory oversight following the June 12 crash of its Boeing 787-8.According to a PTI report citing sources present at the internal meeting, […]
Trade forecast: WTO sees 0.9% growth in 2025; Asia to lead as North America lags
Global merchandise trade is projected to grow 0.9% in 2025, helped by a surge in US imports ahead of sweeping tariff hikes, but the World Trade Organization (WTO) warned that the impact of higher duties will hit hard in 2026.In its latest forecast, the WTO revised next year’s trade growth estimate down to 1.8%, from […]
Tariff war: US average duty hits 20.1%, highest since 1910s; WTO & IMF warn of global trade rollback
The average US tariff rate has climbed to 20.1%, its highest sustained level since the 1910s, according to new estimates released by the World Trade Organization (WTO) and the International Monetary Fund (IMF) on Friday. The sharp rise follows fresh duties that took effect Thursday, as part of President Donald Trump’s continued push for “reciprocal” […]
Currency watch: Rupee ends flat at 87.58 as dollar weakens, FIIs turned net buyers amid looming US tariff deadline
The rupee pared early losses and ended flat at 87.58 against the US dollar on Friday, supported by a weaker greenback and a return of foreign fund inflows, even as escalating trade tensions with the US kept market sentiment under pressure.Forex traders said the Indian currency moved in a narrow range during the session, amid […]
Forex watch: India’s reserves drop $9.32 bn to $688.87 bn this week, led by decline in foreign currency assets & gold
India’s foreign exchange reserves fell by $9.322 billion to $688.871 billion for the week ended August 1, marking one of the steepest weekly declines in recent months, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, reserves had risen by $2.703 billion to touch $698.192 billion, PTI […]
Tata Motors Q1 results: Net profit drops 62% to Rs 4,003 crore on lower volumes and JLR tariff hit; revenue slips to Rs 1.04 lakh crore
Tata Motors reported a sharp 62.2% year-on-year drop in consolidated net profit to Rs 4,003 crore for the June quarter (Q1 FY26), hurt by volume decline across segments, a fall in Jaguar Land Rover earnings, and the absence of a large one-time gain booked last year.In Q1 FY25, the company had posted a net of […]
New Income-Tax Bill 2025: Why has Centre withdrawn the bill from Lok Sabha? Revised draft to reflect parliament panel suggestions
The Union government has formally withdrawn the Income-Tax Bill, 2025, which was introduced in the Lok Sabha on February 13 to replace the existing Income-Tax Act, 1961,.A fresh version of the Bill, incorporating most of the recommendations made by the Select Committee chaired by BJP MP Baijayant Panda, is scheduled to be tabled in the […]