India becomes net importer of finished steel as domestic demand rises

India became a net importer of finished steel in April as rising domestic demand and increasing overseas shipments reshaped the country’s steel trade balance, according to provisional government data. The figures show that India imported approximately 700,000 metric tons of finished steel during the month, marking a significant increase......

Indian sailor recounts deadly missile strike on tanker near Hormuz Strait

Sunil Puniya has publicly described the missile strike that hit the tanker Skylight near the Strait of Hormuz on March 1, killing two crew members and forcing survivors to jump into the sea as flames engulfed the vessel. Puniya, a 26-year-old sailor from Rajasthan, said he was asleep in his cabin when the first explosion struck the engine......

India and United States hold strategic talks on Middle East, trade and security

Senior officials from India and the United States held high-level discussions in New Delhi focused on regional security, trade cooperation, energy supplies, and developments in the Middle East. U.S. Secretary of State Marco Rubio met with Indian Foreign Minister Subrahmanyam Jaishankar as both countries continued efforts to strengthen diplomatic......

India seeks stronger trade ties with Canada through major business delegation visit

Piyush Goyal is set to visit Canada alongside a delegation of around 150 Indian business leaders in an effort to strengthen economic cooperation and revive trade discussions between the two countries. The visit, scheduled between May 25 and May 27, will include meetings with Canadian ministers, business executives, and industry representatives......

China restricts rare earth exports to Japan for over four months

China has restricted or significantly delayed exports of heavy rare earth elements and other critical materials to Japan for more than four months, marking one of the most prolonged disruptions in supply between the two countries in recent years. The measures have affected licensing approvals for Japanese companies and created bottlenecks......

Iran war risks cloud global growth outlook as energy shock deepens

The Reserve Bank of India and the European Commission have issued coordinated warnings over the economic fallout from the war involving Iran, pointing to rising risks for global growth and inflation. Both institutions link the escalation of tensions in the Middle East to persistent disruptions in energy markets and global supply chains, with......

India’s Central Bank steps in to support the rupee amid global energy turmoil

Reserve Bank of India intervened heavily in the foreign exchange market during March after the Indian rupee came under strong pressure from rising global energy prices and financial uncertainty linked to tensions in the Middle East. According to official financial data, the central bank became a net seller of U.S. dollars during the month,......

Countries expand airport Ebola screening after WHO emergency declaration

Airports across Asia and other regions have tightened health screening measures following a global emergency declaration linked to Ebola outbreaks in Central Africa. The alert, issued on 17 May by the World Health Organization, concerns rising infections in the Democratic Republic of the Congo and Uganda and has triggered one of the broadest......

Sun Pharma beats profit estimates on strong specialty drug demand

India’s leading pharmaceutical company by revenue Sun Pharmaceutical Industries reported stronger-than-expected quarterly profits, supported by rising global demand for its high-margin specialty medicines. The Mumbai-based drugmaker posted a consolidated net profit of approximately 27.14 billion rupees for the quarter ending March 31,......

TTK prestige profit rises as cooking gas shortage boosts appliance demand

Indian kitchenware manufacturer TTK Prestige reported a strong increase in quarterly profit, driven by rising demand for electric cooking appliances amid shortages in cooking gas supply. The company recorded a 29% rise in profit before tax for the fourth quarter, supported by growing domestic consumption and a shift toward induction-based......

Fez Sacred Music Festival to host 160 artists from around the world in June 2026

The Fez Sacred Music Festival returns for its 29th edition from June 4 to 7, 2026, bringing together more than 160 artists from four continents for a program devoted to the sacred rituals, chants, and dances of world civilizations. The Moroccan city of Fez, long regarded as a spiritual capital, will serve as the backdrop for performances at......

JSW Cement reports sharp rise in quarterly profit as demand improves

Indian cement manufacturer JSW Cement reported a significant increase in quarterly profit, supported by stronger market demand and improved activity in the country’s construction sector. The company announced that its consolidated net profit for the quarter ending March 31 rose sharply compared with the same period last year. The strong......

Southwest Airlines plans major expansion of India innovation hub to 1,000 employees

Southwest Airlines has announced plans to significantly expand its newly established global capability centre in India, aiming to grow its workforce to around 1,000 employees over the next few years, according to a senior company executive. The hub, located in Hyderabad, marks the airline’s first major innovation and technology centre......

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