The end of US sanctions is near
A second 30-day waiver to purchase additional Russian oil beyond the baseload quantities allowed by the Donald Trump administration is set to expire on May 16. Russian oil has played the biggest role in ensuring supplies to India amid the disruption in West Asian supplies due to the Iran war. India has taken its purchases…
Weekly Economy Details: PMI Rebo
It was a busy week for India’s economy, with regional data pointing to steady demand while policymakers continued to push for investment-led growth. Business activity improved in April, steel consumption rose and Moody’s said India was better placed than many emerging markets to weather global shocks. While the Middle East war caused disruption in many…
NALCO’s Alumina exports to India
According to Brijendra Pratap Singh, CMD of state-owned National Aluminum Company Limited, its exports to West Asia have been affected due to geopolitical tensions in the region. West Asia accounts for 40-50 percent of the company’s alumina shipments. National Aluminum Company (NALCO) also said a change in export destinations due to supply disruption in West…
DRDO got big success
In a major leap forward for India’s hypersonic missile programme, DRDO on Saturday announced the successful long-duration test of an actively cooled full-scale scramjet combustor. The Defense Ministry said the “extensive” long-term testing of the “actively cooled full-scale scramjet combustor” has placed India at the forefront of advanced aerospace capabilities. For any hypersonic missile program,…
Haryana to Bengal: BJP safe
With the BJP’s landslide victory in West Bengal, ending the 15-year rule of the Mamata Banerjee-led Trinamool Congress government, the party has won the chief minister’s post in nine states for the first time since Narendra Modi became Prime Minister in 2014. The journey began with Haryana and Maharashtra in 2014, followed by Assam (2016),…
TSMC records 17.5% jump in sales
Taiwan Semiconductor Manufacturing Co. reported a 17.5 percent rise in its sales, highlighting continued spending by hyperscalers driving the AI boom. Sales rose to NT$410.7 billion ($13.1 billion) in April. Analysts, on average, expect TSMC’s June-quarter revenue to rise 35 percent. The Taiwanese company has become an essential player in the global AI industry by…
Trump administration plans
Under the Trump administration proposal, an entry-level software engineer in San Francisco would have to pay $162,000 a year to qualify for an H-1B visa — about 30 percent more than today. In Dallas, the minimum rate will increase by the same rate to $113,000, and in New York to $132,000. These are the types…
Marco Rubio urges Europe to adopt AC
US Secretary of State Marco Rubio on Friday urged European allies to move beyond rhetoric and take concrete action against Iran, even as he sought to repair strained relations with Italy and the Vatican during a two-day visit following tensions over the US-Israeli war in Iran. Speaking after meetings with Premier Giorgia Meloni and Foreign…
Market fall on latest US-IR
Indian shares fell on Friday as renewed hostilities between Iran and the US muddied the outlook for a near-term resolution to the conflict. Foreign portfolio investors were net sellers of shares worth ₹4,111 crore, while domestic institutions bought shares worth ₹6,748 crore. The benchmark Sensex ended the session down 516 points or 0.7 per cent…
Three bankers lead the pack for reps
The ECB succession race has intensified as speculation over Christine Lagarde’s early exit is fueling the three leading central bankers. Recent reports suggest that European Central Bank President Christine Lagarde may step down before the end of her eight-year term in October 2027. Times remain uncertain; She may stay or may leave before that time…
