Following the Air India crash in Ahmedabad, fear of flying has surged, impacting even seasoned travelers. Mental health experts attribute this rise to recent flight incidents and constant exposure to disturbing news on social media. Many passengers are now experiencing travel anxiety, altering travel plans, and seeking therapy to manage their fears before boarding flights.
Donald Trump claims Japan will invest $550 billion in the US under a new trade framework, though details remain under negotiation. Trump suggests the US would receive 90% of profits from these investments, calling it a “signing bonus” linked to tariff reductions.
Kotak Mahindra Bank’s consolidated net profit witnessed a significant drop in the June quarter, reaching Rs 4,472 crore due to the absence of a one-time gain and margin pressures. While net interest income increased, the net interest margin contracted, impacting overall profitability. Provisions more than doubled, primarily due to stress in the microfinance and retail…
Union Minister Piyush Goyal confirmed that India’s FTA with Oman is nearing finalization, while negotiations with the EU, US, Peru, and Chile are advancing rapidly. India recently concluded trade agreements with Mauritius, Australia, and the EFTA bloc, and aims to boost bilateral trade with the UK to $120 billion by 2030.
Finance Minister Nirmala Sitharaman emphasized that sustaining economic growth amidst global uncertainties is India’s top priority, with increased public capital expenditure as a key driver. The government aims for a leadership role globally, balancing economic ambitions with fiscal responsibility.
An Indian firm, Ideal Detonators, confirmed exporting $1.4 million worth of HMX to Russia, asserting it was for civilian use and compliant with Indian regulations. Despite HMX’s military applications, the company insists the shipment was for industrial purposes.
Indian electronics manufacturers are facing challenges in meeting production targets under the ECMS due to rare earth mineral shortages caused by Chinese export restrictions. Companies have raised concerns with MeitY, seeking leniency and exploring alternative sourcing. While the government considers extending the application window, the industry remains hopeful for a resolution to the supply chain…
Union Minister Piyush Goyal stated that the EU’s Carbon Border Adjustment Mechanism (CBAM) might negatively impact European industries more than India. He highlighted growing opposition to CBAM among European business leaders, suggesting it could increase India’s export opportunities. The India-UK Free Trade Agreement (FTA) ensures significant access for Indian exports and protects sensitive sectors.
Commerce minister Piyush Goyal announced that trade agreement talks with the US are progressing rapidly, with the next negotiation round scheduled for August in India. Both nations aim to finalize the initial agreement tranche by fall, targeting a significant boost to bilateral trade from $191 billion to $500 billion.
