Hanwha’s headquarters in Seoul, South Korea. Picture: hanwha.com China announced sanctions on Tuesday (October 14, 2025) against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean amid trade tensions between the world’s two largest economies, sending the company’s shares sharply lower. The move, announced by the Chinese Commerce Ministry, comes on the day that China […]
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Profitability of RMG exporters dependent on the U.S. could contract 300-500 basis points, says Crisil Ratings. | Photo Credit: SIVA SARAVANAN S Revenue growth of India’s readymade garment (RMG) industry is set almost to halve on-year this fiscal as the imposition of 50% tariffs by the U.S. comes into effect from August 27, according to […]
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The U.S. is a key market for Indian ready-made garment exports, with the country holding a share of 33% in India’s total garment exports in 2024. | Photo Credit: The additional 25% tariff announced by the U.S. on exports from India will result in loss of substantial business if the tariff stays, said exporters of […]
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Madison Square, Fifth Avenue, Go To Jail, Grand Boulevard. Do these words and places ring any bells? Most of us would have stumbled upon them while playing the popular board game Monopoly. Imagine being a woman in the United States way before they got voting rights who worked hard to create a unique game to […]
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Foxconn to ramp up iPhone production in India. | Photo Credit: Reuters Apple will manufacture iPhones at a new plant in India, officials said Friday, as the U.S. tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile’s global supply chain is based mainly in China, where strict […]
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NASA’s SpaceX Crew-6 mission launches to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2023. | Photo Credit: Reuters SpaceX launched four astronauts to the International Space Station for NASA on Thursday, including the first person from the Arab world going up for an extended months long stay. The […]
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Republican Presidential candidate Nikki Haley speaks to voters at a town hall campaign event | File photo | Photo Credit: AP Less than a fortnight after entering the race to the White House, Indian-American Nikki Haley is leading against President Joe Biden in a hypothetical match, a latest opinion poll said on Friday. But she trails badly against […]
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Finance heads of the world’s most powerful economies were split over language on Russia’s war in Ukraine with some western powers hardening their position on isolating Moscow while host India looked for more neutral terms to describe the conflict. The two-day meeting of G20 finance ministers and central bank governors got underway here on Friday […]
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BJP-AAP councillors fight in MCD House. | Photo Credit: Muneef Khan PM Modi to address 12 webinars for effective implementation of Union Budget initiatives Prime Minister Narendra Modi will address 12 post-Budget webinars as part of efforts by the Union Ministries to build on the “Saptarishi” priorities outlined in the Union Budget presented in Parliament […]
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Secretary of Economic Relations in the Ministry of External Affairs Dammu Ravi attends I2U2 Sherpas meeting in Abu Dhabi. | Photo Credit: ANI The I2U2, a grouping of India, Israel, UAE and the USA, discussed building “integrated agricultural facilities across India” at a meeting in Abu Dhabi on Wednesday. Dammu Ravi, Secretary of Economic Relations in the […]
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