A year after the Liberation Day tariffs, US President Donald Trump has rolled out another set of duties, this time targeting medicines and key metals. The move is aimed towards pushing companies to manufacture within the US. The new measures impose tariffs on steel, aluminium and copper, strengthening efforts to boost domestic production.The announcements come…
BENGALURU: As hiring patterns shift and companies prioritise job-ready talent, engineering colleges across India are embedding industryled courses, certifications and internships into their curricula to narrow the gap between academia and the workplace. These programmes, however, are inherently short-term, often lecture-driven, and closely tied to current technology demand — making them prone to rapid obsolescence…
Pakistan has announced a sharp increase in petrol and diesel prices for the second time in less than a month, amid the ongoing Middle East war that has deeply impacted the global oil crisis.The latest hike is expected to worsen inflationary pressures and add to the economic burden on citizens already struggling with rising costs.The…
Oil prices rose sharply on Friday as tensions in the Middle East intensified, with the US launching more strikes on Iran, fueling concerns over the energy supply flows through the Strait of Hormuz. Brent crude, the global benchmark, climbed 7.8% to $109.03 per barrel after soaring beyond the $111 per barrel mark. At the same…
MUMBAI: Staging a spirited recovery, stock markets pared early losses to close higher on Thursday, sensex rising by 185 points and Nifty settling above 22,700 on strong value buying in IT and banking shares and a sharp rebound in the rupee.Rebounding more than 2,000 points from the day’s low, sensex finally settled higher by 185…
The average long-term US mortgage rate has climbed for the fifth consecutive week, reaching its highest level in nearly seven months and adding to affordability challenges for homebuyers during the crucial spring housing season, according to AP.The benchmark 30-year fixed mortgage rate rose to 6.46% from 6.38% last week, mortgage buyer Freddie Mac said. A…
The government has introduced a series of measures to support exporters facing disruptions from the ongoing Gulf conflict, with key sectors such as gems and jewellery, rice and pharmaceuticals under pressure, PTI reported.At an inter-ministerial briefing, Director General of Foreign Trade Lav Aggarwal said the commerce ministry is working with insurers and banks to address…
The Reserve Bank of India has allowed both residents and non-residents to exchange Indian rupee notes at foreign exchange counters located in departure halls of international airports beyond immigration or customs checkpoints, according to PTI. Earlier, such counters were permitted only to buy Indian rupees from non-residents and sell foreign currency to them. “On a…
In a move aimed at shielding passengers from sharp airfare surges, the government has capped monthly increases in aviation turbine fuel (ATF) prices for domestic flights at 25%, according to Reuters.The decision comes amid volatility in global energy markets linked to the ongoing Iran crisis, which has pushed up fuel costs and added pressure on…
NEW DELHI: In a U-turn, the civil aviation ministry Thursday put on hold its directive for airlines to offer at least 60% seats free of charge. Under intense cost side pressure since the Iran war began, airlines had warned this move to curb ancillary revenue will lead to additional fare hikes.The aviation ministry had on…