First services production index shows double-digit growth in 14 sub-sectors in April The government on Tuesday released the first trial Index of Services Production (ISP), showing that 14 of the 19 formal services sub-sectors recorded double-digit year-on-year growth in April.The trial index, with 2024-25 as the base year, covers about 60 per cent of India’s…
US stock market today (AI image) US stocks today: Wall Street traded on a more stable note on Tuesday after a US inflation report came in better than economists had anticipated, helping calm investor sentiment despite a continued surge in oil prices amid fears that the United States and Iran could slide back into a…
Trump, after threatening a renewed US naval blockade, has said that ships will be allowed safe passage via Hormuz for a 20% toll. (AP Photo) Adding to transit cost uncertainty, US President Donald Trump has proposed imposing a 20% reimbursement or toll on cargoes that are transported through the Strait of Hormuz. Traditionally, vessels have…
India’s holdings of the US Treasuries have dropped as per the latest data from US Federal Reserve. Gold has surpassed US Treasuries to become the world’s largest reserve asset – driven largely by the rise in bullion prices in recent years. But the other reality is that gold as a reserve currency, diversifier and safe…
China’s exports grew much faster than expected in June, rising 27% year-on-year, driven by booming demand for artificial intelligence (AI)-related products and semiconductors, according to customs data released on Tuesday. The sharp increase exceeded economists’ expectations and marked a significant jump from the 19.4% growth recorded in May.Imports also rose strongly, climbing 36% in June,…
From covered fly ash transport to a unified licence regime and stricter contractor norms, Railways has unveiled a series of reforms to improve logistics and project execution. Indian Railways on Tuesday announced a series of freight and logistics reforms, including the introduction of specialised covered containers for transporting fly ash and a unified all-India licence…
Most speed-limit signs across the United States are simple and straightforward. They display the maximum legal speed and little else. But drivers travelling through Oklahoma may notice something unusual. Beneath the posted speed limit, many signs carry an additional message: “No Tolerance.” For first-time visitors, the phrase can be confusing. Does it mean you’ll be…
The monsoon season brings welcome relief from the summer heat, but it also makes riding a two-wheeler significantly more challenging. Heavy rain and slippery surfaces increase the risk of skids, breakdowns and accidents. However, a few preventive measures and the right riding habits can improve safety during the rainy months. Here’s a quick riding guide…
The data comes a day after the June Consumer Price Index (CPI) inflation numbers which breached the RBI’s target level of 4% for the first time in several months. (AI image) The impact of the US-Iran war is feeding into prices, with India’s wholesale price inflation accelerating to 9.87% in June from 9.68% in May….
Conditions around the Strait of Hormuz have worsened. As the conflict between the US and Iran escalates, supertankers are quietly transiting through the Strait of Hormuz. Iran has continued moving oil tankers through the Strait of Hormuz in recent days, even before the United States announced that it would reinstate a blockade on Iranian ports…
