Thursday, September 24
US President Donald Trump's decision to delay implementing major tariff hikes on most trading partners may have offered some relief, but the extension is also prolonging global trade uncertainty, the UN warned Tuesday.Days before the three-month pause on his "Liberation Day" tariffs was set to expire, the US president said Monday he would give trading partners an extra three weeks to hammer out deals to avoid paying sky-high levies for their exports to the world's biggest economy.Trump had unveiled sweeping tariffs on imports on April 2, including a baseline 10 percent tariff on all countries, but following market turmoil he quickly suspended tariffs above 10 percent until July 9. But prior to that deadline, he sent out letters to more than a dozen countries -- including top trading partne
Tata Steel India's crude steel production remained flat at 5.26 million tons year-on-year in the quarter ended June 30, 2025 while its delivery volumes fell nearly 4% YoY in Q1FY26 at 4.75 million tons versus 4.94 million tons reported by the company in the year ago period.Maintenance related shutdowns in Jamshedpur (reline of G Blast Furnace) as well as at Neelachal Ispat Nigam Limited (NINL), have led to decline in finished goods production adversely impacting deliveries. Operations have since resumed at NINL and the reline of G Blast Furnace is progressing and is expected to be completed in July 2025.Meanwhile, Tata Steel Netherlands also reported flat YoY growth in production volume in the quarter under review at 1.70 million tons and Tata Steel Thailand's production volume increased 6
The initial public offering (IPO) of Anthem Biosciences will open for subscription on Monday, July 14. The Bengaluru-based CRDMO player is planning to raise Rs 3,395 crore through the issue. The issue will conclude on Wednesday, July 16.About Anthem Biosciences IPOThe IPO is an Offer for Sale (OFS) and comprises stake sale aggregating up to Rs 350 crores each by Ganesh Sambasivam and K Ravindra Chandrappa who are promoter selling shareholders. Up to Rs 1,325 crores will be offloaded by Viridity Tone LLP and up to Rs 320 crores by Portsmouth Technologies LLC (Investor Selling Shareholders).It also includes stake sales of Rs 320 crores each by Malay J Barua, Rupesh N Kinekar and Satish Sharma, up to Rs 80 crore by Prakash Kariabettan and up to Rs 10 crore by K Ramakrishnan.About Anthem Biosc
Washington: Israeli Prime Minister Benjamin Netanyahu said on Monday (local time) that he had sent a letter to the Nobel Prize Committee nominating US President Donald Trump for the Nobel Peace Prize. He personally handed a copy of the nomination letter to Trump during their dinner at the White House.Trump hosted Netanyahu for dinner at the White House on Monday (local time)."The President has already realised great opportunities. He forged the Abraham Accords. He's forging peace as we speak in one country, in one region after the other. So, I want to present to you, Mr. President, the letter I sent to the Nobel Prize Committee. It's nominating you for the Peace Prize, which is well deserved, and you should get it," Netanyahu said while presenting the nomination letter to Trump.After recei
Washington: President Donald Trump says the US will have to send more weapons to Ukraine, just days after ordering pause in critical weapons deliveries to Kyiv.The comments by Trump on Monday appeared to be an abrupt change in posture after the Pentagon announced last week that it would hold back delivering to Ukraine some air defense missiles, precision-guided artillery and other weapons as part of its announced pause to some arms shipments amid US concerns that its own stockpiles have declined too much."We have to," Trump told reporters about additional weapons deliveries for Ukraine. "They have to be able to defend themselves." Russian attacks on Ukraine killed at least 11 civilians and injured more than 80 others, including seven children, officials said Monday.Meanwhile, Russian's tra
