Union Minister Ram Mohan Naidu during the groundbreaking ceremony of Federal Express Corporation’s (FedEx) integrated air cargo hub, in New Delhi Federal Express Corporation (FedEx) plans to invest around $150 million (over Rs 1,400 crore) to develop an integrated air cargo hub spread across 2.3 lakh square feet at Delhi’s Indira Gandhi International Airport (IGIA).The…
Part of the concern is that blacklisting Chinese companies could trigger another economic confrontation between Washington and Beijing. (Reuters file photo) The Donald Trump administration’s road to economically choke Iran will have to go through China – if it wants to cripple the Middle East country. However, with a fragile trade peace in place between…
Employers have already spent the past year grappling with the prospect of a $100,000 H-1B payment. H-1B visas, one of the popular talent entry routes into the US for Indians, will soon come at an over 6-digit figure cost. The Donald Trump administration on Monday issued a proposed regulation that would make permanent an unprecedented…
Rupee slips to 95.74 against US dollar Rupee remained largely range-bound on Tuesday, but weakened 4 paise to 95.74 against the US dollar in early trade, as higher crude prices and dollar demand from importers put pressure on the currency.The currency opened at 95.74 at the interbank foreign exchange market, compared with Monday’s close of…
File photo: Vice President JD Vance (Picture credit: AP) US Vice President JD Vance has backed the Trump administration’s proposal to impose a new $103,265 fee on most new H-1B visa petitions, saying American companies should prioritise hiring and training US workers.Vance shared a US media report on the proposal on X and wrote, “If…
Trump’s 50% tariff net catches 550+ Canadian goods Honey, makeup, Christmas decorations and a host of other everyday products have fallen victim to the latest US-Canada trade crossfire.More than 550 Canadian goods are now facing a steep 50% US tariff that came into force on Saturday. The list also includes kitchenware, smartphones, golf equipment, cosmetics,…
Oil prices continue to soar Oil prices remained steady on Tuesday after sliding more than 2% the previous day, with investors weighing the potential impact of tougher US sanctions on Iran against ongoing risks to oil supplies.Brent crude gained 0.09% to $92.25 a barrel while WTI crude was 0.35% up to $85.31 a barrel.The two…
MUMBAI: Japan’s Resona Bank on Monday announced a tie-up with Tata Capital to provide its clients better access to financing solutions and opportunities in India using the non-bank lender’s local network. The announcement follows a $20 million investment by Resona Bank as a limited partner in Tata Capital Growth Fund III LP, which invests in…
Meiji Seika, SII tie up to bring Japanese Encephalitis vaccine to India; Medreich eyes expansion TOKYO: Meiji Seika Pharma-owned Medreich Pharma is eyeing inorganic growth and more generics supply from India, while the parent has tied up with Serum Institute of India (SII) to launch Japanese Encephalitis vaccine in the country.“SII will take the required…
Canada readies retaliatory tariffs after Trump’s warning Canada is set to announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told news agency The Associated Press, escalating a trade dispute that has sharply deteriorated after negotiations between Ottawa and the Trump administration collapsed.The expected measures come after Canadian Prime…