‘Speculation behind India not participating in Pax Silica’: US explains trade separate from supply chain security; Helberg to attend Delhi summit

NEW DELHI: The United States on Wednesday said India was not excluded from its newly launched Pax Silica technology initiative due to political or trade tensions, asserting that New Delhi remains a “highly strategic potential partner” in supply chain security efforts.Under Secretary of State for Economic Affairs Jacob Helberg dismissed speculation linking India’s absence from…

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Wages up, prices down: Trump says he ‘fixed’ US economy — here’s how his favourite word ‘tariffs’ fits in

US President Donald Trump on Wednesday (local time) delivered a live address from the White House, highlighting the financial and economic achievements he achieved in his second term. Much of the speech centred on inflation, trade policy, tariffs and household finances, alongside sharp criticism of the previous Democrat administration.Beginning his address, Trump highlighted that he…

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PFRDA allows up to 80% NPS withdrawal

New Delhi: In a major overhaul of the National Payment System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has allowed subscribers from the private sector to withdraw up to 80% of the accumulated corpus, instead of 60% earlier, with the rest to be used to purchase annuities to earn a pension.Subscribers have the…

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NCLAT needs to dispose of appeals within 3 mths: Panel

New Delhi: Amid increasing delays, the select committee of Parliament examining the bill to amend the Insolvency & Bankruptcy Code has recommended that The National Company Law Appellate Tribunal (NCLAT) should dispose of appeals within three months of their receipt.“…IBC presently does not prescribe any statutory timelines for the disposal of appeals by NCLAT. This…

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$1.5 billion revenue from AI services: TCS CEO

Bengaluru: TCS CEO K Krithivasan has said annualised revenue from AI services reached $1.5 billion, growing 16.3% quarter-on-quarter. Over 85% of clients with revenues above $20 million leverage TCS for AI work.“A massive internal transformation is underway, and we are encouraging all our associates to adopt an AI-first culture. Every time we take on a…

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India Inc may witness 9% salary rise in 2026: Report

New Delhi: India Inc is projected to post 9% salary growth in 2026, with auto and high tech (product and consulting) leading the trend, according to global HR consulting firm, Mercer India.Salary increases this year were largely in the high single-digit range, aligned with a moderating economic environment.From a global perspective, India continues to stand…

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