Latest News, Updates & Breaking Headlines
MUMBAI :Hotel room demand will outpace supply between FY25 and FY28, despite a 5–6% annual rise in premium room additions according to rating agency Icra. Occupancies are projected to rise 200 basis points to 72–74% in FY26, with average room rates increasing 3–6% to Rs 8,200–8,500. Demand is expected to expand 8–10% annually. “India’s premium…
Ming-Chi Kuo, the popular Apple analyst has validated his earlier predictions. In a post shared on social media platform X (formerly known as Twitter) Kuo said that Tesla CEO Elon Musk pushed to build Tesla’s own semiconductor fabs marking a strategic shift towards full control of the company’s AI future. The comments made by Kuo…
The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…
China has granted exemptions to export controls on Nexperia chips for civilian applications, its commerce ministry said on Sunday, signalling a potential easing of pressure on the global auto industry hit by supply shortages following earlier curbs, Reuters reported.The announcement marks Beijing’s strongest indication yet that it will relax restrictions imposed after the Dutch government…
Pakistan’s twin cities are staring at a worsening flour emergency after the Punjab food department halted wheat supplies to mills in Rawalpindi and Islamabad, triggering panic across markets and raising questions over the country’s fragile food security. The sudden suspension has deepened an already tense economic climate, with transport blockades, water shortages and declining dam…
NOIDA: Every winter, as toxic smog shrouds Delhi-NCR, air pollution dominates headlines and dinner-table conversations. Masks return, air purifiers hum and social media fills with outrage. But in Sector 7x, a cluster of 43 high-rise societies home to over one lakh residents, another crisis unfolds quietly, every day of the year. One that doesn’t cloud…
Even as Moscow’s crude dominates headlines, it’s not the only Russian oil flowing into India. Russia has now surpassed Ukraine to become India’s biggest supplier of sunflower oil, with shipments soaring twelvefold over the past four years, according to industry data cited by ET.“Russia is the largest and most reliable source of sunflower oil in…
After six months of uncertainty, China has resumed shipments of heavy rare earth magnets to India, offering much-needed relief to manufacturers in the electric vehicle, renewable energy and consumer electronics sectors. However, the shipments come with a key condition, the cargo cannot be re-exported to the United States. The supply flow had earlier been halted…
NEW DELHI: Govt on Thursday announced “some Indian companies” have got approval from China to import rare earth magnets, to be used in automotive and electronics industries.MEA spokesperson Randhir Jaiswal said licenses have been issued, which will enable access to the magnets whose procurement had been stopped after China put curbs on their sale earlier…
File photo: Union minister Hardeep Singh Puri (Picture credit: PTI) Union petroleum and natural gas minister Hardeep Singh Puri on Tuesday said there is sufficient crude oil supply in the global market and disruptions in one source can be offset by alternative streams. Speaking at an interactive session, Puri asserted that “trade is not governed…
