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US President Donald Trump has floated the idea of renaming the Strait of Hormuz as “Trump Strait,” while continuing to make provocative claims over US control of the strategically important waterway.
Sugar Price Hike: Sugar prices in India have jumped ahead of the festive season, with retail prices rising sharply over the past month.
Andhra Pradesh ACB has arrested TTD Deputy Executive Officer Mendu Lokanadham after searches allegedly uncovered gold, silver, cash, property documents and other assets collectively valued at nearly ₹5 crore.
India has secured $136.38 billion in foreign currency inflows through special schemes, far exceeding expectations and giving the Reserve Bank of India greater firepower to support the rupee amid global economic pressures.
Asian refiners are sending record volumes of diesel to Africa as Middle Eastern fuel shipments fall sharply because of shipping disruptions, security threats and refinery outages linked to the regional conflict.
Biocon has partnered with Brazil’s Bahiafarma and Bionovis for the local manufacture and commercialisation of Pertuzumab under a 10-year government-backed programme, opening access to around 70% of the drug’s demand in Brazil’s public healthcare system.
Uber is eliminating around 10% of its global workforce as CEO Dara Khosrowshahi pushes for a leaner organisation, fewer management layers and greater investment in mobility, delivery and autonomous transportation.
Donald Trump has threatened military action against Oman if it obstructs US efforts to reopen the Strait of Hormuz, as the 60-day US-Iran negotiation window ends without a peace deal.
India’s second-largest tractor manufacturer, TAFE, plans to invest up to ₹1,250 crore in a new north India manufacturing plant as the company expands capacity to meet rising domestic and export demand.
The US Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4.00% on September 16, its first rate increase under Chair Kevin Warsh. Policymakers signalled that another hike could follow as inflation remains above the Fed’s 2% target.
Volkswagen CEO Oliver Blume has warned that the German automaker is facing a “more than critical” situation as it battles weak demand, overcapacity and growing competition from Chinese manufacturers. The company is considering major cost-cutting measures and job reductions, while plant closures remain under discussion.
The Trump administration has launched an “economic D-Day” campaign aimed at isolating Iran from the global economy, putting pressure on major trading partners including China, the UAE, Turkey, Iraq and India.
