business
Tata group forms panel to boost safety across companies
Tata Group has formed a committee of CEOs to enhance safety measures across its expanding businesses, prioritizing safety following shareholder concerns and recent incidents. Chairman N Chandrasekaran emphasized the group’s commitment to achieving zero harm, particularly after fatalities at Tata Steel. The conglomerate is investing in safety protocols as it grows into new sectors and…
China’s rare earth exports clampdown: Curbs backfire as local magnet makers reel from demand collapse; revenues plunge and inventories pile up despite US deal
China’s curbs on rare earth exports have shaken the global auto industry. Carmakers faced production halts. The restrictions also hurt Chinese magnet producers. Magnet exports saw a sharp decline. A deal between the US and China aims to restart trade. However, recovery is expected to be slow. Domestic magnet firms face challenges.
Cryogenic OGS IPO listing: Retail bids soar 774x, total issue subscribed 646 times; GMP hints at 68% listing pop on July 10
Cryogenic OGS saw a blockbuster IPO debut. The issue was oversubscribed by a huge margin. Retail investors showed immense interest. High-net-worth individuals and qualified institutional buyers also participated actively. The grey market premium suggested a strong listing. The company designs filtration and measurement systems. It raised funds from anchor investors before the IPO.
Drone industry growth outlook: India’s manufacturing potential may hit $23 billion by 2030; Defence and agri sectors seen as key drivers, says Nexgen report
A new report by Nexgen Exhibitions projects India’s drone industry could unlock $23 billion in manufacturing potential by 2030, fueled by demand from defense, agriculture, logistics, and infrastructure. Operation Sindoor has accelerated drone adoption, with agriculture expected to be the largest consumer by 2030. The Drone International Expo 2025 in Delhi will showcase global innovation…
Donald Trump releases tariff letters: Japan, Korea to face 25% duties on imports to US from August 1, 2025; check details
US President Trump has announced new tariff rates effective August 1, 2025, impacting trade partners. Letters sent to Japan and Korea reveal a 25% tariff. Meanwhile, Trump warned of additional tariffs on nations associated with the BRICS bloc, accusing them of anti-Americanism.
Donald Trump’s tariff date set! New rates to likely come into effect from August 1; US to issue letters shortly
US President Donald Trump is set to reveal trade agreements and tariff letters, with a potential August 1 deadline for nations failing to finalize deals. Negotiations intensified as countries aimed to avoid penalties on US exports, while the EU and Japan engaged in discussions with the US. Market concerns resurfaced amid trade reconciliation efforts, impacting…