Latest News, Updates & Breaking Headlines
The United States maintains a unique system where gold is held directly by the government rather than the central bank. (AI image) Gold prices have been reaching new lifetime highs and the value of gold reserves with countries is surging as well! The US Treasury’s gold reserves have crossed $1 trillion in value, marking a…
In the deserts of southern Australia, scientists have been captivated by tiny, shimmering glass fragments scattered across the arid terrain. Formed under extreme conditions, these delicate shards have puzzled researchers for decades, as they are neither volcanic in origin nor human-made. Recent studies reveal that these fragments are evidence of a massive asteroid impact that…
NEW DELHI: The Union commerce ministry told a key parliamentary panel Monday that US tariffs on India’s pharma exports will have a limited impact because India largely exports “generic drugs” instead of “patented drugs” that will bear the brunt of the US decision.At a meeting of the Public Accounts Committee, a top commerce ministry official,…
The President of the United States, Donald Trump, on Monday announced 100 per cent tariffs on movies made outside the country, in a move likely to impact the Indian film industry. “Our movie-making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby’,” Trump posted…
Indian economy (AI image) Moody’s, the global credit rating agency, has retained India’s rating at Baa3 for both local and foreign-currency issuer categories, as well as its local-currency senior unsecured rating. Moody’s has kept a stable outlook on India’s ratings.The stable outlook and rating confirmation indicate India’s continuing credit advantages, including its substantial and rapidly…
MUMBAI: The impact of restrictions on H-1B visas by the United States on remittances by overseas Indians would be within $5bn, according to a Barclays research report. The report also said that the rising trend of global capability centers (GCCs), which includes many US-headquartered firms, is here to stay and would strengthen further amid this…
Randhir Jaiswal (File photo) NEW DELHI: India on Friday issued its first official response to reports that US President Donald Trump announcing imposition of tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs from October 1.During the weekly briefing, MEA’s official spokesperson Randhir Jaiswal said, “We saw a notice…
Asian drug stocks fell on Friday as investors reacted to US President Donald Trump’s threat to impose 100% tariffs on imported branded pharmaceuticals starting October 1.Companies without existing US manufacturing plants could face the full impact, triggering declines across major drugmakers in South Korea, Japan, and Hong Kong.In South Korea, Samsung Biologics fell 1.6%, while…
The increased fees for new H-1B visas in the United States are showing consequences, leading organisations to explore alternative visa categories. (AI image) US President Donald Trump’s steep H-1B visa fee hike to $100,000 has left Indian techies shocked, but countries like Germany, UK and Canada are capitalizing on the opportunity to pitch their countries…
Shares of Tylenol maker Kenvue rebounded sharply on Tuesday, recovering from a steep fall triggered by President Donald Trump’s unfounded remarks linking the drug to autism.At the opening bell, Kenvue shares climbed more than 6 per cent, a day after plunging 7.5 per cent, AP reported. Trump had repeatedly instructed pregnant women to avoid Tylenol…
