Page 12 - Vasudha Mukherjee

India and Kuwait ink deal to clear runway for more flights and flyers

India and Kuwait have signed a new aviation deal expanding seat capacity to 18,000 weekly, addressing high demand and easing operational constraints for airlines

EU eyes local-only food sourcing for schools in 2028 farm reforms

Draft EU proposal mandates sourcing fruit, vegetables, and milk from within Europe for school food, under the 2028 CAP overhaul focused on domestic production

KPIL secures orders worth ₹2,293 crore; FY26 intake crosses ₹9,400 crore

Kalpataru Projects International bags ₹2,293 crore in new B&F and overseas T&D orders, pushing FY26 intake past ₹9,400 crore

Reports claim Bangladesh halts demolition of Satyajit Ray's ancestral home

The Ministry of External Affairs said it would be willing to coordinate with Bangladesh to preserve the site

NTPC gets approval to invest up to ₹20,000 crore in renewable energy push

Centre raises NTPC's investment ceiling via NGEL to accelerate renewable energy capacity addition, supporting India's goal of 500 GW non-fossil power by 2030

Tariff-free trade deal unlikely with US, says Canadian PM as deadline nears

Canada's PM Mark Carney says the chances of a tariff-free trade deal with the US are slim as Donald Trump is set to impose 35% tariffs on Canadian imports from August 1

Govt launches 6-year scheme to boost farming in 100 lagging districts

The PM-DDKY scheme to start in FY26, merging 36 existing programmes to boost yields, irrigation, and rural credit in low-performing districts; NITI Aayog to oversee progress

Karnataka proposes ₹200 cap on movie tickets; PVR Inox faces revenue hit

Proposed pricing rule could cut average ticket price by 30% in Karnataka, impacting topline and Ebitda for movie theatres

RBI's liquidity steps to aid 100 bps rate cut transmission in 2025: Fitch

Credit rating agency Fitch Ratings says ₹5.6 trillion liquidity infusions and cash reserve ratio cut will support loan growth, though banks may see short-term pressure on margins

Jio BlackRock gets Sebi approval to launch four passive index schemes

New offerings by Jio BlackRock include Nifty midcap, next 50, smallcap, and 8-13 year G-Sec index funds

'Credible Epstein files should be released', says Trump amid MAGA backlash

Trump flip-flops on the release of the 'Epstein files' as his supporters express outrage on the lack of transparency, fuelling speculation about potential cover-ups involving high-profile figures

Is ChatGPT the new MS Office? OpenAI targets Excel, PowerPoint dominance

New OpenAI features may allow users to create and edit spreadsheets and presentations without Microsoft Office, positioning ChatGPT as a direct alternative to traditional productivity suites

Housing sales drop 20% in Q2 despite value gains, premium demand holds firm

Home sales across major cities in India declined in Q2 2025, but value rises 1% to ₹1.47 trillion amid a sharp shift toward high-end and luxury housing, says Anarock's residential market report

'Can you hit Moscow, St Petersburg?' Trump asked Zelenskyy in July 4 call

The remarks were made during a July 4 phone call, following a separate call Trump held with Putin a day earlier, which he reportedly described as 'bad'

China's Tianlong-3 rocket cleared for commercial launch a year after crash

Chinese space tech firm Space Pioneer passes critical test of its redesigned Tianlong-3 rocket after a year of its launch accident. It has set a tentative launch date for July-August 2025

San Francisco rolls out Microsoft's AI tools to 30,000 govt workers

With Microsoft 365 Copilot, the US city aims to cut down on administrative burden, improve public services, and become a benchmark for responsible AI use in government

Govt asks states to align job schemes with ₹99,446-cr ELI programme

Union Labour Minister urges state-level integration with Employment Linked Incentive scheme, aimed at creating 35 million formal jobs over two years

Tesla launches Model Y in India, starting at ₹60 lakh for RWD variant

Tesla India site lists Model Y RWD at ₹60 lakh, Long Range RWD at ₹68 lakh; prices significantly higher than in US, China and Germany

TCS maintains 100% variable pay for 70% of staff in Q1 despite slowdown

India's largest IT firm pays full QVA to majority of its staff for the second straight quarter, even as revenue growth hits a multi-year low and annual hikes remain deferred

India sees $52.3 bn services surplus in Q3 FY25; offsets goods deficit

NITI Aayog's Trade Watch report cites strong growth in IT, consulting, and R&D services exports in the October-December 2024 quarter, helping offset the widening merchandise trade deficit