India has urged the United States to reconsider its proposed 12.5% tariff on Indian imports under the USTR’s Section 301 forced labour investigation. India has urged the United States to withdraw its proposal to impose an additional 12.5% tariff on Indian imports under a Section 301 investigation into forced labour-related trade practices, saying the move…
Electricity generation from hydroelectric projects declined nearly 21%. (AI image) El Nino and the resultant weak monsoon has had an impact on India’s hydropower output, which has dropped by more than 20% in June. The dry weather, which is associated with El Nino, has meant that the water levels in reservoirs have gone down. This…
India has launched the National Critical Mineral Mission (NCMM) in January 2025 for a seven-year period from 2024-25 to 2030-31. India has been focusing on securing its critical minerals and rare earth supply chain, especially in times of increased geopolitical uncertainties. During PM Narendra Modi’s visit to Indonesia it was announced that India will invest…
It seems to be a decade of stress tests for the Indian economy – Covid pandemic, Russia-Ukraine war, US trade policy uncertainty, and now the Middle East conflict. (AI image) The Indian economy has emerged as a picture of resilience amid the US-Iran conflict, with most economic indicators flashing green as the war shows signs…
Chinese authorities are reportedly discussing restrictions on overseas access to the country’s most advanced AI models amid growing national security concerns. Chinese authorities have held discussions with some of the country’s biggest technology companies over the past month on restricting overseas access to China’s most advanced artificial intelligence (AI) models, including those that have not…
India has a game plan to become a semiconductor powerhouse, but the real test begins now.According to a recent report by Equirus Securities, the biggest hurdle is not strategy, but execution, with heavy reliance on imported equipment and gaps in the domestic supply chain posing key challenges. The report said India’s semiconductor roadmap draws on…
As signs of a de-escalation in the West Asia conflict emerged, selling by foreign investors eased, with fresh inflows returning to banks and financial services. (AI image) Foreign Portfolio Investors or FPIs are back on Dalal Street! FPIs turned buyers of financial stocks in the second half of June, purchasing shares worth Rs 14,634 crore…
The Centre has put a stake in Cochin Shipyard Limited (CSL) up for sale, announcing an Offer for Sale (OFS) of 2.52% of the company’s paid-up equity. If the issue sees strong demand, the government can sell another 2.52% through a green-shoe option.The floor price for the OFS has been set at Rs 1,400 per…
Apart from strategic petroleum reserves and LPG reserves,, India is now looking to build emergency liquefied natural gas (LNG) reserves. (AI image) Even as it focuses on building its strategic petroleum reserves, India is now looking to build emergency liquefied natural gas (LNG) reserves. The plan is to have storage at import terminals by allowing…
India and Indonesia are strengthening their bilateral ties, expanding cooperation across defence, trade, technology, maritime security and cultural exchanges. The push comes as Prime Minister Narendra Modi and Indonesian President Prabowo Subianto held talks in Merdeka Palace, Jakarta on Tuesday.PM Modi said that the two countries were embarking on a “golden chapter” in their partnership…
Rupee kicked off Tuesday’s session on a firm footing, rising 15 paise against the US dollar as lower crude price expectations and easing tensions in the Middle East improved market sentiment. Saudi Arabia’s decision to sharply cut oil prices for Asian buyers added to the positive mood. The currency opened at 95.33 in the interbank…
The AI-driven rally that turned South Korea into one of the world’s hottest equity markets ran out of fuel on Tuesday. As of 9:50 am IST, the Korean benchmark tumbled over 7%, to trade at 7,478.61, down 572.72 points. The plunge comes as a sharp reversal for a stock that inched record highs this year,…
