Monday, October 12
New Delhi: The Federation of Indian Export Organisations (FIEO) Saturday raised concerns about potential disruption to India's steel and aluminium exports to the US after President Donald Trump's announcement of a plan to double import tariffs on steel and aluminium to 50% from 25%. They particularly fear that the exports of value-added and finished steel products and auto-components, stainless steel pipes, and structural steel components could be hurt.This potential increase comes under Section 232 of the US Trade Expansion Act of 1962, a law that allows the president to impose tariffs or other trade restrictions if imports are deemed a threat to national security."These products are part of India's growing engineering exports, and higher duties could erode our price competitiveness in th
All seven NCP MLAs in Nagaland joined the ruling NDPP on Saturday, giving the CM Neiphiu Rio-led party an absolute majority in the 60-member assembly.With this merger, the Nationalist Democratic Progressive Party's (NDPP) tally increased from 25 to 32.The NCP's Nagaland unit had sided with the Ajit Pawar-led faction after the party split.NCP emerged as the third-largest party in the state in the 2023 assembly elections, after the NDPP and its ally BJP, which won 12 seats.According to an order issued by Speaker Sharingain Longkumer, the seven MLAs presented themselves and submitted formal letters, stating their decision to merge with the NDPP.These MLAs are Namri Nchang of Tening, Picto Shohe of Atoizu, Y Mhonbemo Humtsoe of Wokha Town, Y Mankhao Konyak of Mon Town, A Pongshi Phom of Longle
China's factory activity contracted in May, according to an official survey released on Saturday, although the decline slowed from April as the country reached a deal with the U.S. to slash President Donald Trump's sky-high tariffs. China's purchasing managers index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said. PMI is measured on a scale from 0 to 100, where 50 marks the cutoff between expansion and contraction. Meanwhile, the manufacturing index showed growth in the sector, although the index measuring new orders remained under 50 despite some improvement. National Bureau of Statistics senior statistician Zhao Qinghe said some companies with U.S. business reported accelerated resumption of foreign trade orders, and there was an improvement in import and e
In this edition of Mind Over Money, we spotlight Praveen Kutty, Managing Director and CEO of DCB Bank, whose leadership philosophy draws deeply from the soccer field.A passionate footballer off the clock, Kutty brings the same energy, strategic thinking, and team-first mindset into the boardroom.From understanding individual strengths to making quick decisions under pressure, he shares how the beautiful game continues to influence his approach to building agile teams, fostering ownership, and staying mentally sharp in a high-stakes corporate environment. Edited Excerpts –Q) How has your experience on the soccer field influenced your leadership style at DCB Bank? Is this how you keep yourself mentally fit?A) Absolutely. Soccer has shaped the way I think about teamwork, handling pressure,
