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After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent said Tuesday. The president has whittled down the field to four candidates to succeed current Chair Jerome Powell and a decision is forthcoming, Bessent told CNBC during an interview at…
India’s national highway network has grown sharply over the last decade, becoming the second-largest in the world. The total length now stands at 146,560 km, compared with 91,287 km in 2014, an expansion of over 61%. The increase has largely come from the push to build high-speed corridors and four-lane highways under the Bharatmala Pariyojana….
The government informed Parliament on Friday that 5,945 Indian nationals were evacuated from Israel, Iran, Syria and Iraq over the past three years amid safety concerns in the region.In a written reply to a starred question in the Lok Sabha, external affairs minister S. Jaishankar said the operations included Operation Ajay in Israel in 2023…
Vande Bharat sleeper, Indian Railways’ new train for overnight premium travel, has received overwhelming passenger response, according to the Ministry of Railways. The first commercial run of Vande Bharat Sleeper train between Kamakhya and Howrah saw all tickets selling out within hours of bookings opening, Indian Railways said.According to railway officials, reservations for the Vande…
India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said. The pact is nearing the finishing line after 18…
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MUMBAI: After a routine trip to the market with his father to purchase vegetables on a winter morning in 2023 led to the death of a 30-year-old junior engineer with Konkan Railways, Motor Accident Claims Tribunal in Mumbai ordered Maharashtra State Road Transport Corporation (MSRTC) to pay approximately Rs 2.21 crore (inclusive of interest) to…
Bank executives were sent scrambling over the weekend after President Donald Trump declared late Friday that American credit card companies would be subject to a 10% cap on the interest rate they can charge customers. The move sent shares of large banks including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America down between 1%…
Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs 2…
