Business

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…

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…

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…

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…

India is widening its export focus to 50 countries, including key markets in West Asia and Africa, in a bid to lessen dependence on any single buyer and cushion the blow from steep US import tariffs.According to ET, these markets together account for about 90% of India’s total exports.Officials from the commerce and industry ministry…

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…

NEW DELHI: The directorate general of civil aviation (DGCA) has issued a show cause notice to IndiGo over alleged lapses in simulator training for nearly 1,700 pilots, PTI reported quoting sources on Tuesday.The notice was sent after the regulator scrutinised records and reviewed IndiGo’s responses submitted last month.Confirming that the airline is currently reviewing the…

The Union government on Tuesday approved a major investment worth over Rs 8,000 crore in Arunachal Pradesh, giving a major boost to the state’s power and infrastructure sector. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, sanctioned the construction of the 700 MW Tato-II Hydro-Electric Project in the Shi Yomi district.According…