Wholesale prices in the US cooled in July, offering a welcome sign that inflation may be losing some momentum as lower energy costs helped ease price pressures.Data released by the labor department showed that the producer price index (PPI), which tracks prices received by producers before they reach consumers, increased 4.7% from a year earlier…
Government plans processing parks in 4 states India’s critical mineral roadmap is advancing, with the government set to establish four dedicated critical mineral processing parks in Gujarat, Maharashtra, Andhra Pradesh and Odisha. The initial focus will be on building domestic processing capacity for lithium and nickel, mines secretary Keshav Chandra said on Thursday.The proposed parks…
NEW DELHI: A parliamentary committee has questioned whether rising capital expenditure in India’s oil and gas sector is translating into higher domestic production, noting that crude oil output has continued to decline despite a sharp increase in investments.It has asked the petroleum ministry to submit a detailed report explaining how recent exploration reforms and newly…
TMTG lands in legal trouble US President Donald Trump’s media firm TMTG is facing a legal challenge from press groups in the country, over a new Truth Social service that gives paying customers early access to his posts. The lawsuit seeks to stop Trump from using the platform to release official government information exclusively, while…
Deficit widens 31.5% to $15bn in July, electronics exports surge 11-fold India’s trade gap widened in July as imports grew faster than exports, with the combined merchandise and services deficit rising 31.5% year-on-year to $15.03 billion, according to data released by the commerce ministry.Exports of goods and services rose 13.3% to $80.14 billion in July…
For IT professionals, the path to higher salaries is changing. The Indian IT sector is in the midst of an employment flux – hiring, firing, and increment trends are fast changing. The advent of artificial intelligence has rendered some roles redundant while also introducing newer job positions for specialised talent.The phase is marked by slower…
The proposed bill would empower US President to levy tariffs on countries that purchase large volumes of crude oil from Russia. India faces the fresh prospect of being levied up to 100% tariffs if the Donald Trump administration is able to get a new Russian sanctions bill cleared and the US President exercises the power…
Since April 1, when E20 became the only petrol available, concerns among consumers have increased. Amid the raging debate on impact of ethanol-blended E20 petrol on cars, internal communications exchanged among auto industry executives reveal concerns on fuel contamination.The rollout of E20 petrol has sparked dissatisfaction among motorists, with hundreds claiming the fuel has lowered…
Earlier this week, Parliament cleared amendments to the Payment and Settlement Systems Act, 2007. A Parliamentary panel has called for the early rollout of a calibrated Merchant Discount Rate (MDR) on high-value digital transactions. According to the panel the framework is essential to make the payments ecosystem financially viable and reduce the government’s subsidy burden.Earlier…
N Chandrasekaran’s decision was prompted by the failure of his proposed extension to receive unanimous approval. (Reuters file photo) In its first reaction to N Chandrasekaran’s move to step down as Tata Sons Chairman, Tata Trusts said it respects the decision. In a statement issued on Thursday, the trust said its nominee directors received an…
