Apple’s long-serving CEO Tim Cook is stepping down on September 1, transitioning to executive chairman. John Ternus, a hardware veteran, will take the helm. This leadership change occurs as Apple faces pressure to accelerate its AI strategy, lagging behind rivals who are heavily investing in the technology. Cook’s 15-year tenure ends amidst supply chain challenges
Indian markets rallied Tuesday, buoyed by hopes of a US-Iran ceasefire extension and strong economic data. Retail sales exceeded expectations, while corporate earnings from UnitedHealth and Quest Diagnostics boosted sentiment. Despite some tech sector jitters, investor optimism prevailed, pushing indices higher and oil prices lower.
Moody’s has revised India’s FY27 growth forecast down to 6% due to weaker consumer demand and slower industrial output, exacerbated by rising energy costs from the West Asia conflict. Higher import bills and subsidy spending will strain government finances. While strategic reserves offer short-term relief, persistent high energy prices could widen the trade deficit and
For employers and employees, understanding how leave works today is not always straightforward. This is because two legal systems operate side by side: the new central labour codes and the older State-level Shops and Establishments (S&E) laws.
Indian Oil Corporation Limited (IOCL) assures stable petrol and diesel supplies despite Middle East conflict, holding sufficient reserves for 12-16 days. While LPG delivery timelines have stretched to six days due to increased bookings, domestic refineries meet nearly 80% of Punjab’s demand, with coordinated efforts ensuring uninterrupted fuel availability.
India aims for 100% ethanol blending to boost energy self-reliance amid West Asian oil supply concerns, according to Union Minister Nitin Gadkari. He highlighted the nation’s heavy reliance on oil imports and the environmental benefits of alternative fuels. Gadkari also discussed the potential of green hydrogen and the circular economy for job creation.
Exporters and end consumers are not permitted to file claims directly, although some companies, such as FedEx, may opt to pass on the refunded amounts at their discretion.
Gold price prediction today: Gold prices are likely to take cues from the US Federal Reserve stance on rate cuts in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
India’s economy is set for robust growth, projected at 6.4% in 2026 and 6.6% in 2027, according to a UN report. Despite export challenges, strong domestic consumption and services sector performance are key drivers. The nation is also a leader in green job creation, with policies supporting domestic manufacturing in clean energy sectors.
India and the US are nearing a bilateral trade agreement, with negotiators reporting significant progress and only a few issues remaining. Discussions are described as positive and productive, focusing on market access and tariff alignment. This potential deal, aimed at boosting trade between the two nations, is expected to be a win-win, marking a key
