NEW DELHI: Retail inflation slowed to an eight-year low in July due to moderating food prices. Also, the easing trend continued for the ninth month in a row, providing comfort on the prices front against the backdrop of trade tensions.Data released by the National Statistics Office (NSO) on Tuesday showed retail inflation, as measured by…
A host of measures have been taken by govt and RBI in recent days to ease rupee-rouble trade. TOI takes a look at the steps:Why is there a buzz around rupee-rouble trade again?Days after Trump announced higher tariffs for India, RBI on Aug 5 issued a circular allowing authorised dealer (AD) category-1 banks to open…
Zydus Lifesciences on Tuesday said its consolidated net profit increased 3 per cent year-on-year to Rs 1,467 crore for the first quarter ended June 30, 2025, riding on strong performance across domestic and international markets. The drug maker reported a net profit of Rs 1,420 crore for the April-June quarter of the last fiscal. Revenue…
H-1B visa trouble: A growing number of Indian professionals in the US on H-1B visas are facing an unexpected and alarming threat of deportation landing on their doorsteps before the official 60-day grace period even runs out. Laid off and staring down the barrel of a possible permanent US ban, many say it feels like…
US consumer inflation held steady at 2.7% in July, but core prices rose as President Donald Trump’s sweeping tariffs continued to influence the economy, according to data released on Tuesday.However, the figure came in slightly below the 2.8% rate predicted by analysts in a median forecast from Dow Jones Newswires and The Wall Street Journal.Core…
Experts believe Trump has not been able to effectively influence China with his trade war tactics. (AI image) US President Trump has extended the trade ceasefire with China by an additional 90 days, temporarily averting a potential economic confrontation between the world’s largest economies. Trump said he has been “dealing very nicely with China” as…
Wall Street charged towards record highs on Tuesday after fresh data showed inflation across the United States was slightly cooler than economists prediction, fuelling hopes that the Federal Reserve could cut interest rates in September.The S&P 500 climbed 0.85% or 54 points, looking set to surpass its all-time high reached just two weeks ago. The…
The ministry of petroleum and natural gas on Tuesday strongly rejected what it calls “fear-mongering” over the performance and safety of E20 fuel, a blend of 20% ethanol and 80% petrol, saying claims of drastic fuel efficiency loss and insurance issues are “misplaced” and “creating a false narrative.”In a detailed press release on Tuesday, the…
US President Donald Trump on Tuesday bashed Federal Reserve Chair Jerome “too late” Powell, accusing him of incompetence, demanding immediate interest rate cuts, and even suggesting he may allow a “major lawsuit” over costly renovations at the Fed’s Washington headquarters.Sharing a post on Truth Social, Trump tore into Powell’s management of the Fed headquarters renovation,…
India has taken a significant step towards eco-friendly transportation with hydrogen-powered trains. Indian Railways is set to launch India’s first hydrogen-powered train! Railway minister Ashwini Vaishnaw on Tuesday shared a video post on social media platform X (formerly Twitter) showcasing a glimpse of the first hydrogen-powered train in India.India has taken a significant step towards…
