The United States has already collected $100 billion in tariffs this year, and the figure could triple to $300 billion by December, US treasury secretary Scott Bessent said on Tuesday during a Cabinet meeting chaired by President Donald Trump.Trump, nodding in agreement, reiterated the administration’s firm stance, declaring that the real flow of tariff revenue […]
Tesla shares fell nearly 7% in premarket trading on Monday after CEO Elon Musk’s surprise launch of a new US political outfit, the “America Party”, reignited investor concerns over his focus on the electric vehicle maker’s future.The announcement came Saturday from Musk, who previously led the now-defunct Department of Government Efficiency (DOGE), and was accompanied […]
Geneva, Switzerland & Waltham, Mass., United States: FDA is expected to notify Innoviva Specialty Therapeutics regarding its decision to conduct an Advisory Committee Meeting in the Day 74 letter If approved, zoliflodacin would be the first new antibiotic for treating gonorrhea in decades Innoviva Specialty Therapeutics, […]
IndiGO CEO Pieter Elbers | Photo Credit: PTI Airline major IndiGo will expand its fleet with the induction of Airbus A321 XLR (extra long range) aircraft in December, which will enable the carrier to tap into new markets. Speaking to businessline, IndiGo’s Chief Executive Pieter Elbers said the induction of XLR aircraft is part of […]
NEW DELHI: The Reserve Bank of India (RBI) on Friday announced a 1% cut in the Cash Reserve Ratio (CRR), releasing Rs 2.5 lakh crore into the banking system, in a major move to boost liquidity aimed at supporting lending to productive sectors of the economy.The CRR reduction will be implemented in four equal phases […]
Toronto, Canada: A Settlement has been reached in the global class action against Aphria and certain of its former officers and directors regarding alleged misrepresentations made in certain of Aphria’s public disclosures released between January 29, 2018 and December 3, 2018 (the “Class Action”). Aphria and the other Defendants have […]
Nomura sees a stronger Indian rupee by December 2025 on the back of a weaker dollar index and strong inflows. According to Nomura, Indian Rupee will grow stronger against the US Dollar by the end of this year, owing to the current uncertainties in the global economy. Nomura is expecting the Indian Rupee to be […]
Man Infraconstruction Limited (MICL), a listed real estate developer, plans to launch an ultra-luxury project in Mumbai’s upscale Pali Hill locality in Bandra by December 2025. The project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society, where Bollywood actor Aamir Khan owns multiple apartments. Mumbai real estate update: Man […]
India’s external debt has risen by 10.7% to reach USD 717.9 billion at the end of December 2024, up from USD 648.7 billion in December 2023, according to the latest data released by the Finance Ministry. On a quarter-on-quarter basis, the external debt increased by 0.7%, from USD 712.7 billion at the end of September […]
NEW DELHI: India has seen strong goods and services trade momentum in the Dec quarter, a report by UN body Unctad has said but cautioned that global trade could be hit by the policy shifts in the US and trade and geopolitical tensions.Besides, it has pointed to high duties faced by developing countries, limiting market […]
