Global stock markets experienced a downturn on Tuesday following President Trump’s actions, including the dismissal of a Federal Reserve official and threats of export controls on microchips. Asian and European markets reacted negatively, with indices like Hang Seng, Nikkei, and FTSE 100 all declining. These developments have heightened concerns about central bank independence and potential […]

The Asian Development Bank is poised to finance Pakistan’s railway infrastructure upgrade, stepping in after delays in Chinese funding threatened the crucial Reko Diq mining project. The ADB will spearhead a $2 billion upgrade of the Karachi-Rohri section, essential for transporting copper ore. This intervention addresses concerns about evacuating output from the mine, with production

HDFC Bank’s shares underwent a technical price adjustment after commencing trading ex-bonus on Tuesday, following a 1:1 bonus share distribution aimed at enhancing liquidity and broadening retail investor participation. Shares opened 62% lower, reflecting the increased share count, while the bank maintained its market capitalization and shareholder value. The record date for bonus share eligibility

India’s readymade garment industry faces a slowdown, with revenue growth projected to decrease due to tariffs impacting US exports. While domestic demand offers some cushion, profitability is expected to decline. Exporters are shifting focus to other markets like the EU and UK, hoping the FTA with the UK will provide relief.

Indian IT giants are strategically diversifying beyond the US market, establishing nearshore centers and pursuing acquisitions in regions like Australia, the Middle East, and the Nordics. This expansion aims to capitalize on rising technology spending in these areas, mitigate US market volatility, and address evolving data sovereignty concerns.

Union Civil Aviation Minister Ram Mohan Naidu announced the revival of seaplane services in India, expected to commence by October on at least two routes. Simplified guidelines aim to encourage operations in areas like Andaman & Nicobar, Kerala, or Andhra Pradesh. The service, potentially extending to Odisha’s Chilika Lake, requires minimal water depth and landing

NBCC Ltd has secured a significant order worth approximately Rs 3,700 crore from the Rajasthan government for a 95-acre mixed-use project in Jaipur. Selected as the lead agency, NBCC will design, build, and market the project, featuring the Rajasthan Mandapam Convention Centre with a 7,500-seat capacity, a GCC Tower, IT Tower, luxury hotels, and commercial

Bharat Petroleum Corporation Ltd is considering a greenfield oil refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh to meet India’s rising energy demand. BPCL is also pursuing ‘Project Aspire’ to strengthen refining, marketing, and upstream operations while pushing aggressively into renewables, green hydrogen, biofuels, and natural gas. The company aims to achieve net

Amidst potential US tariffs, India asserts its improved relations with China are separate from US trade talks. Commerce Minister Piyush Goyal expresses confidence in India’s economic resilience and ongoing efforts to deepen the India-US relationship.

Delhi Metro fares have increased for the first time in years, impacting daily commuters. Effective Monday, fares are up by Rs 1 to Rs 4, with the minimum fare now Rs 11 and the highest Rs 64. Airport Express Line fares also see a rise. The DMRC calls the revision minimal but necessary to balance