The European Union believes “better” to reach a trade deal with the United States, the bloc’s economy chief said on Tuesday.EU officials have been locked in intense negotiations with their American counterparts in a bid to prevent steep levies from coming into force, measures that could seriously damage Europe’s economy.“The faster we can reach the…
Labour minister Mansukh Mandaviya on Tuesday announced that the Employees’ Provident Fund Organisation (EPFO) will complete crediting 8.25% interest for 2024-25 into members’ accounts within this week. Every year, the EPFO credits interest into its members’ accounts after the central government ratifies the recommended rate. For the current financial year, government approval for the 8.25%…
US President Donald Trump on Tuesday firmly declared that sweeping new tariffs on foreign imports will come into effect from August 1, 2025, warning that no further extensions will be granted. Taking to his Truth Social platform, Trump wrote, “As per letters sent to various countries yesterday, in addition to letters that will be sent…
Rishi Sunak, the former UK Prime Minister, is returning to his professional roots – Wall Street. According to the Financial Times, Sunak has been appointed as a senior adviser at Goldman Sachs, marking his first major career move since stepping down as Conservative Party leader after the July 2024 general election.The appointment is a homecoming…
The National High Speed Rail Corporation Limited (NHSRCL) announced a major milestone in the Mumbai-Ahmedabad bullet train project on Tuesday with the completion of the Daman Ganga River bridge in Gujarat’s Valsad district.This newly completed bridge is the 16th of 21 river bridges planned in Gujarat and the fifth and final one in Valsad. In…
Wall Street saw a mixed start on Tuesday as investors digested President Donald Trump’s renewed tariff warnings while also weighing concerns over high stock valuations.In early trading, the Dow Jones Industrial Average slipped 0.14% to 44,343, shredding 62 points. The Nasdaq was up 19 points of 0.09%, reaching 20,431. S&P 500 also remained flat, gaining…
India’s auto component industry is calling for a national strategy to secure access to critical materials essential for electric vehicle (EV) manufacturing, amid a potential production crunch due to a shortage of rare earth magnets.The Automotive Component Manufacturers Association of India (ACMA) on Tuesday raised alarm over dwindling supplies after China, which processes over 90%…
The cost of a home-cooked meal rose in June compared to the previous month, driven mainly by a sharp increase in tomato prices, according to a report, released by Crisil, on Tuesday.Crisil’s monthly ‘Roti, Rice, Rate’ report revealed that a vegetarian thali cost Rs 27.1 in June, up 3% from Rs 26.2 in May. The…
Toll collections across India’s national highways rose sharply by 19.6 per cent in the first quarter of the current financial year, touching an all-time high of Rs 20,681.87 crore. This marks a jump from Rs 17,279.86 crore collected during the same period last year, driven by a combination of revised toll rates, new toll roads,…
Air India crash (Picture credit: AP) Following the tragic Air India crash in Ahmedabad that killed around 270 people on June 12, India’s aviation safety regime has come under sharp focus, prompting urgent reviews by Parliament and aviation authorities. Two key committees, the Public Accounts Committee (PAC) and the Parliamentary Standing Committee on Transport, Tourism…
