A US embassy official on Tuesday said that Washington is committed to partnering with New Delhi on the export of high-quality products and services to support India’s energy security and economic growth, stating that America could serve as a major supplier of oil and liquefied natural gas to nation.Speaking at the 3rd Energy Summit of…
India’s exporters have voiced deep concern after US announced steep new duties on Indian-origin goods, with production already grinding to a halt in major textile hubs.Several apparel manufacturers in Tirupur, Noida, and Surat have already stopped production as hefty tariffs loom. Starting 27 August, duties on multiple categories of Indian exports to the US will…
HYDERABAD: Integrated design, engineering and manufacturing player, Ardee Engineering Limited, has received approval from the capital markets regulator, Securities & Exchange Board of India (Sebi), for its Rs 580 crore initial public offering (IPO).The IPO of the Hyderabad-based company, which is into pre-engineered buildings (PEB), material handling systems (MHS) and engineering services, comprises a fresh…
Korean Air on Monday announced a record-breaking $50 billion order for 103 Boeing aircraft and GE Aerospace engines and servicing, coinciding with South Korean President Lee Jae Myung’s visit to Washington. The purchase marks the largest in the carrier’s history, as per Reuters.The order includes a mix of 787s, 777s and 737s worth about $36.5…
Gold became more expensive in the national capital on Tuesday, as the prices surged by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weaker rupee and firm global trends, according to the All India Sarafa Association. The metal of 99.9% purity had settled at Rs 1,00,170 per 10 grams on Monday.Gold of…
US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed…
Potential tariff on pharma imports into the US, while still under Section 232 investigation, is unlikely to impact the credit profiles of Indian pharma companies, India Ratings and Research (Ind-Ra) said.While the US contributes around 35% to the total revenue for leading domestic pharma companies, this proportion has been steadily declining over the past few…
Having drawn its red lines, and safeguarding its strategic autonomy, India is looking to counter the impact of the high tariffs. (AI image) India is bracing to face 50% US tariffs from August 27, after the Donald Trump administration notified that 25% additional tariffs on Indian goods will come into effect from Wednesday. India is…
The US government is evaluating potential ownership stakes in defence industry firms. (AI image) The Donald Trump administration seems to be eyeing America’s top defence giants for a stake after it struck a deal with Intel last week. The US government is evaluating potential ownership stakes in defence industry firms, including Lockheed Martin Corp, US…
American consumers became less confident of the US economy in August, as worries over the jobs market continuing to mount for the eighth month in a row.Figures released on Tuesday by the Conference Board showed that its consumer confidence index slipped to 97.4 in August from 98.7 in July, a 1.3-point decline. The reading, though…
