India has achieved its goal of blending 20% ethanol with petrol, five years ahead of the initial 2030 target, according to ISMA. This accomplishment has led to a significant reduction in carbon emissions and substantial financial benefits for farmers and distilleries.
Alphabet’s strong earnings have propelled its market value, rewarding investors. This surge has also elevated CEO Sundar Pichai to billionaire status. Pichai’s wealth stems from his leadership and compensation, a rarity for non-founder tech CEOs. Alphabet’s success is fueled by artificial intelligence and cloud service demand.
Donald Trump confronted Federal Reserve Chair Jerome Powell during a visit to the Fed’s headquarters, criticizing renovation cost overruns and reiterating his demand for lower interest rates. Trump, accompanied by White House officials, questioned the $3.1 billion project, a figure Powell disputed.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Friday. While Nifty50 went below 25,000, BSE Sensex was down over 300 points.
Asian markets declined, ending a winning streak amid uncertainty over US Federal Reserve rate cuts. Japan and Australia saw losses, while South Korea saw slight gains. Wall Street hit new highs, driven by technology, despite broader market weakness. Investors are now more confident about limited economic impact from tariff policies.
Commerce Minister Piyush Goyal has spoken of ‘fantastic’ progress in India-US trade deal negotiations. Both countries are looking for a mini or interim agreement before the August 1st deadline. India seeks preferential market access, while the US pushes for access to India’s agriculture and dairy sectors.
