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NEW DELHI: Keen for a bigger pie of the world’s fastest growing aviation market, the biggest sectoral original equipment manufacturers’ legal teams are poring over the fine print of the landmark Indo-US trade deal.A zero-duty access to components exported from India to the US will give India parity with other aerospace supply chains such as…
Cuban President Miguel Diaz-Canel on Saturday strongly criticised the United States for its latest move to impose tariffs on countries that supply oil to Cuba, saying the decision is meant to choke the island’s economy.In a series of posts on X, Diaz-Canel accused the Trump administration of using force as a tool of foreign policy…
Four peddlers, one consumer arrested in Telangana drug bust HYDERABAD: The Hyderabad Narcotics Enforcement Wing (H-NEW) arrested four people, including three alleged drug peddlers, for their involvement in a drug network.H-NEW officials said the accused — Ummidi Immanuel, an event manager from Kondapur; Sushmitha Devi, a software professional at a prominent firm; and G Sai…
General Motors seems quite upset with the ongoing geopolitical tensions disrupting its supply chain across the globe. According to a report in Reuters, America’s largest car company by markestshare General Motors (GM) GM has directed several thousand of its suppliers to scrub their supply chains of parts from China. The company’s executives have reportedly been…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
The Netherlands’ government decided to take control of chipmaker Nexperia last month. According to a report by the news agency Reuters, this decision was prompted by concerns that the company’s former CEO was preparing to dismantle European operations and move production to China. The report cited four government sources in The Hague indicating that Zhang…
Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite fresh US sanctions, as the measures target specific Russian suppliers rather than the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier, Rosneft, which handles nearly 45 per cent…
Amid escalating US-China trade tensions, Microsoft is reportedly targeting a major overhaul of its manufacturing operations, aiming to produce the bulk of its upcoming hardware outside China by as soon as 2026. According to a report in Nikkei Asia, quoting sources, Microsoft aims to produce the majority of its new products outside of China as…
NEW DELHI: The Indian Railways will next focus on building ‘dedicated passenger corridors’ to cater to the growing passenger demand while increasing the capacity of existing tracks and developing Vande Bharat 4.0 trains, railway minister Ashwini Vaishnaw said on Wednesday.He said the dedicated passenger corridors will be designed for a speed of 350 kmph and…
