-
Business
US Government Accelerates Development of Air Taxis, Supersonic Aircraft, and Drone Technology
The US Federal Aviation Administration (FAA) is intensifying its efforts to facilitate the deployment of air taxis, supersonic passenger aircraft, drones, and commercial space launches. The agency aims to modernize…
Read More » -
Business
Disruptions in the Strait of Hormuz: State-Run Refiners Halt Iraqi Oil Lifting Amid US-Iran Tensions
Renewed tensions between the US and Iran have led to significant disruptions in the Strait of Hormuz, prompting two Indian state-run refiners to cancel their Iraqi crude oil shipments. The…
Read More » -
Business
India’s Crude Oil Imports from Russia Stay Elevated in July Amid Hormuz Disruptions and Lack of US Sanctions Waiver
India’s crude oil imports from Russia have reached near record levels in July, averaging approximately 2.45 million barrels per day. This surge occurs despite the absence of a sanctions waiver…
Read More » -
Business
Coca-Cola Enhances India Bottling Unit IPO Strategy, Engages JPMorgan and Citi as Financial Advisors
Coca-Cola is advancing its plans for an initial public offering (IPO) of its Indian bottling business, Hindustan Coca-Cola Holdings (HCCB), targeting a listing in 2027. The company has appointed JPMorgan…
Read More » -
Business
E20 Petrol Controversy: Government References Data for 23 Crore Vehicles, Claims ‘No Verified Evidence’ of Engine Failures
Amid discussions surrounding E20 petrol, the Indian government has stated that there is no confirmed evidence linking ethanol-blended petrol to widespread engine failures or vehicle breakdowns. Minister of State for…
Read More » -
Business
Saudi Arabia’s Crude Exports Face New Risks as Yemen’s Houthis Consider Maritime Blockade
After disruptions in the Strait of Hormuz, the Iran-backed Houthi movement in Yemen has announced a maritime blockade against Saudi Arabia. This blockade raises concerns over the movement of millions…
Read More » -
Business
Foreign Deposits and Swaps Attract $21 Billion in 40 Days
MUMBAI: The Reserve Bank of India (RBI) has reported that $20.7 billion has been raised through its concessional swap facility for Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings…
Read More » -
Business
NSE Launches Ahimsa Index to Promote Cruelty-Free Investment Strategies
MUMBAI: The National Stock Exchange (NSE) has introduced the Nifty 500 Ahimsa Index, which includes stocks from companies within the Nifty 500 that do not intentionally harm animals in their…
Read More » -
Business
China’s Rare Earth Magnet Exports to the US Lag 20% Behind Pre-Trade War Levels Despite Trump-Xi Agreement
China’s exports of rare-earth magnets to the United States remain significantly lower than pre-trade conflict levels, despite a truce reached last year. Shipments during the first half of this year…
Read More » -
Business
US Import Prices Surge 7.1% in June, Marking Highest Annual Increase Since August 2022
US import prices rose unexpectedly in June, driven by an increase in nonfuel import costs, despite a decline in fuel prices. According to data from the US Bureau of Labor…
Read More » -
Business
Ethanol Set to Join LPG as a Mainstream Cooking Fuel in Kitchens
Ethanol is set to become a viable cooking fuel in Indian households as the Ministry of Petroleum and Natural Gas develops a policy framework to support its adoption. The initiative…
Read More » -
Business
India’s First High-Speed Rail Project: Indigenous Bullet Train and Inter-Operable Signalling System Developments
India’s first bullet train project is set to launch its inaugural high-speed train by 2027. The Mumbai-Ahmedabad corridor will feature indigenous bullet trains equipped with globally interoperable signalling systems, as…
Read More » -
Business
Moody’s Warns of End to Low Borrowing Costs as Global Economy Enters New Macro Regime
The era of ultra-low interest rates that followed the 2008 global financial crisis may be coming to an end. Investors are bracing for a prolonged period of higher borrowing costs,…
Read More » -
Business
NSE Indices Introduces Nifty500 Ahimsa: Ethical Portfolio Choices
NSE Indices Limited has launched the Nifty500 Ahimsa Index, a new thematic benchmark aimed at tracking companies within the Nifty 500 that adhere to the principle of “Ahimsa,” or non-violence.…
Read More » -
Business
Oil Prices Surge 3% Amid Escalating US-Iran Tensions, Brent Crude Exceeds $90 per Barrel
Oil prices surged on Monday as tensions between the United States and Iran escalated, raising concerns about crude supply disruptions from the Middle East. Brent crude rose 2.30% to $90.13…
Read More »
