Page 19 - Usa

Railways-related stocks in limelight, IRCON International zooms 20%

Railways-related stocks jumped on Monday after India along with the US and several major economies announced an ambitious India-Middle East-Europe Economic Corridor. The stock of IRCON International Ltd zoomed 19.97 per cent, Rail Vikas Nigam Ltd jumped 16.40 per cent, Indian Railway Finance Corporation Ltd advanced 9.98 per cent and NCC Limited climbed 3.77 per cent on the ... The 30-share BSE Sensex regained the 67,000 level. The benchmark jumped 528.17 points or 0.79 per cent to settle at 67,127.08. During the day, it rallied 573.22 points or 0.86 per cent to 67,172.13. The Nifty ended 176.40 points or 0.89 per cent higher at 19,996.35. During the day, it hit an all-time high of 20,008.15, up 188.2 points or 0.94 per cent. "Nifty cheered the huge success of the G20 summit by crossing the 20k mark during the day, as it would help India emerge as a superpower and would strengthen its position in the global arena. Various successful deals were struck in the summit, including in the

India-US partnership rooted in Mahatma's principle of trusteeship: Biden

President Joe Biden on Sunday hailed the partnership between India and the US, saying it is rooted in Mahatma Gandhi's principle of trusteeship that is shared between the two countries. President Biden and other G20 leaders paid tributes to Mahatma Gandhi at his memorial Rajghat in New Delhi on Sunday. "The partnership between India and the United States is rooted in Mahatma Gandhi's principal of trusteeship trusteeship that is shared between our countries and for our shared planet. Thank you, Prime Minister for bringing us here today (sic), Biden said in a post on platform X. Biden, who is currently in Hanoi, Vietnam on an official visit, also posted a picture of him and the G20 leaders paying tributes to Mahatma Gandhi at his memorial. At the memorial, Prime Minister Narendra Modi welcomed Biden and G20 leaders with an 'angvastram' or stole having in the background an image of Gandhi's Sabarmati Ashram in Gujarat, which was his home from 1917 to 1930 and served as one of the mai

G20 Summit 2023: PM Modi, US President Biden hold bilateral talks

Prime Minister Narendra Modi on Friday held bilateral talks with US President Joe Biden here, with their discussions covering a wide range of issues focused on deepening the bond between the two countries. The meeting was held soon after Biden arrived in New Delhi to participate in the G20 Summit to be chaired by Prime Minister Modi. "Their discussions include a wide range of issues and will further deepen the bond between India and the USA," the prime minister's office said. US Treasury Secretary Janet Yellen, Secretary of State Anthony Blinken and US NSA Jake Sullivan were also present in the meeting from the US side while the Indian delegation included External Affairs Minister S Jaishankar and NSA Ajit Doval. Modi is scheduled to hold 15 bilateral meetings over the next two days when world leaders gather in the national capital for the Summit. The prime minister earlier said that these meetings would give an opportunity to review India's bilateral ties with these nations and .

At G20 India, US, Saudi, UAE may join hands to connect West Asia with rail

The deal will also connect the rail network to India through shipping lanes from ports in the Gulf region

Philips agrees to pay at least $479 million in Apnea-recall accord

Amsterdam-based Philips and its US unit agreed to settle a class-action lawsuit filed by device users who bought or rented one of the 16 lines of recalled machines, the attorneys said in a filing

G20 Summit 2023: This is what leaders would be served during the 2-day stay

G20 Summit in New Delhi: Every effort is being made to prepare New Delhi for the G20 Summit, which will take place on September 9 and 10

US resilience to China's stumbling recovery questioned in Fed risk study

Just last month, economists at Wells Fargo estimated that if China's total output dropped by a cumulative 12.5% over three years, US growth would dip 0.2 percentage point in 2025

US applications for unemployment benefits fall to lowest level in 7 months

The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months with labor market seemingly resistent to the higher interest rates put in to place, in part to cool hiring. U.S. applications for jobless claims fell by 13,000 to 216,000 for the week ending Sept. 2, the Labor Department reported Thursday. The four-week moving average of claims, which smooths out some of the week-to-week volatility, fell by 8,500 to 229,250. Jobless claim applications are seen as representative of the number of layoffs in a given week. Overall, 1.68 million people were collecting unemployment benefits the week that ended August 26, about 40,000 fewer than the previous week.

India may invite Quad leaders as Republic Day guests next year: Report

A final call will be taken only after ascertaining the availability of the leaders

If China wants to play spoiler at G20, that option is available: US NSA

It is for China to decide what role it plays at the G20 Summit in New Delhi, a top US official has said, asserting that if Beijing wants to come in and be a "spoiler", that option is available to it. US National Security Advisor Jake Sullivan was responding to a question at a White House news conference on Tuesday on the impact of India-China border tensions on the G20 Summit. "As far as the question of tensions between India and China affecting the (G20) summit - really that's up to China. If China wants to come in and play the role of spoiler, of course, that option is available to them, he said. What I think the Chair, India, will encourage them to do what we, the United States and every other member, virtually every other member of the G20 will do, is encourage them to come in, in a constructive way on climate, on multilateral development, bank reform, on debt relief, on technology and set aside the geopolitical questions and really focus on problem-solving and delivering for th

Court sides with Norwegian regulator's $100K daily fine imposed on Meta

Meta lost a legal battle Wednesday to halt a Norwegian ban on its advertising practices that came with hefty daily fines, in a blow to the US social media giant's business model. Norwegian regulator Datatilsynet in July announced a temporary ban on Facebook and Instagram's behavioural advertising a common marketing practice that tech giants like Meta use at the heart of their business models to sell targeted ads based on user data ranging from personal interests to places they've been. Such practices without adequate consent violate user privacy and are illegal, Datatilsynet said, adding that the ban was set to last for three months or until Meta's complies with the law. During the ban, which began last month, Instagram and Facebook continue to operate normally in Norway but Meta faces a fine of up to 1 million Norwegian kroner (nearly $100,000) each day. In efforts to challenge this, Meta applied for a temporary injunction arguing that Datatilsynet did not have legal grounds for

G20 not an arena for power politics: Jaishankar on India leaning towards US

S Jaishankar said that in G20, even countries who differ profoundly on many issues, find something that can bring them together

If I am the President, I will pardon Donald Trump, says Vivek Ramaswamy

Republican presidential aspirant Vivek Ramaswamy said on Sunday that while he expects to become the party's nominee for the November 2024 US elections, but will vote for Donald Trump if the former president secures the nomination. Appearing on a Sunday talk show, the 38-year-old Indian American entrepreneur also expressed his intention to pardon Trump, who currently faces an array of legal challenges, should he be elected as President of the United States. If Donald Trump's the nominee -- yes, I will support him, and if I'm the president, yes, I will pardon him because that will help reunite the country. But it's not the most important thing I'm going to do as the next president. It is the table stakes for moving this country forward, Ramaswamy told ABC news. Following his impressive performance in the inaugural Republican primary presidential debate last month, Ramaswamy, an entrepreneur-turned-politician, has experienced a surge in popularity, competing alongside fellow Indian ...

US job growth picks up more than expected in August; wages gains slow

The economy needs to create roughly 100,000 jobs per month to keep up with the increase in the working-age population

US hiring likely to slow again amid writers' strike, Yellow bankruptcy

Two high-profile events in particular - the Hollywood writers' strike and the bankruptcy of trucking company Yellow Corp

US jobless claims applications inch back down as firms hold on to employees

US applications for unemployment benefits fell slightly last week as companies held on to employees in an economy that has largely withstood rapidly rising interest rates, intended to cool hiring and spending, for more than a year. The number of Americans applying for jobless benefits last fell week by 4,000, to 228,000 the week ending August 26, the Labor Department reported Thursday. The four-week moving average of claims, which evens out some of the weekly volatility, rose by 250 to 237,500. Jobless claim applications are seen as representative of the number of layoffs in a given week. The Federal Reserve, in its now year-and-a-half battle against inflation, has raised interest rates 11 times to 5.4 per cent, the highest level in 22 years. Part of the Fed's intent was to cool the job market and bring down wages, which many economists believe suppresses price growth. Though some measures of inflation have come down significantly from as much as 9 per cent down closer to 3 per c

Together there is nothing that India and US cannot do: Envoy Garcetti

While speaking at the 2023 EducationUSA "Study in the U.S." university fair here on Tuesday, the envoy also stated that the Indian dream and the American dream are the same thing

3M agrees to pay $6 bn to settle earplug lawsuits from US service members

Chemical and consumer product manufacturer 3M has agreed to pay USD 6 billion to settle numerous lawsuits from US service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The settlement, consisting of USD 5 billion in cash and USD 1 billion in 3M stock, will be made in payments that will run through 2029. The agreement announced by the Minnesota company on Tuesday marks a resolution to one of the largest mass torts in US history. Hundreds of thousands of veterans and current service members have reportedly sued 3M and Aearo Technologies, a company that 3M acquired in 2008, over their Combat Arms Earplug products. The service members alleged that a defective design allowed the products which were intended to protect ears from close range firearms and other loud noises to loosen slightly and allow hearing damage, according to Aylstock, Witkin, Kreis, & Overholtz PLLC, one of the law firms representing ...

US home cashout refinancing falls to lowest since 2000 after Fed hikes

US interest-rate hikes have dented a key source of consumer funds - home-equity build-ups

US job openings decline to 8.83 mn in July, lowest since early 2021

US job openings fell in July by more than expected to a more than two-year low, offering fresh evidence that labor demand is cooling