Wednesday, September 09
Residents of Delhi and the National Capital Region (NCR) were greeted by cloudy skies and gentle showers on Tuesday morning. The Indian Meteorological Department (IMD) has forecast more cloudy weather throughout the day, with a yellow alert issued for Gurugram and Faridabad.The rain also had an impact on air travel, prompting Indigo Airlines to advise passengers to check their flight status before heading to the airport. “It is a rainy start in Delhi, with gentle showers expected through the day. Roads may be slower than usual, so if you are flying, do set out early. Our airport teams are on standby to assist,” the airline said.Monday’s Weather RecapOn Monday, the IMD had predicted very light rainfall over parts of northwest, central, and east Delhi over the following two hours. The
Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close. On Friday, stocks jumped after U.S. Federal Reserve Chair Jerome Powell hinted at the Jackson Hole Symposium that an interest-rate cut could be considered at the central bank's September meeting, citing recent labor market weakness. "The market has a Jackson Hole hangover," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. "Investors are taking a little bit of a breather." The Personal Consumption Expenditures Price Index - the Fed's preferred inflation gauge - is due to be released on Friday, while
Senior officials of India and the US have discussed bilateral ties in the areas of trade and investment, critical minerals, and energy security, including strengthening civil nuclear cooperation. The virtual talks held on Monday under the framework of '2+2 Intersessional Dialogue' came against the backdrop of strain in ties between the two countries over Trump administration's policies on trade and tariff. The Ministry of External Affairs (MEA) said both sides looked forward to increasing defence cooperation, including signing a new 10-year framework for the India-US Major Defence partnership, as well as advancing defence industrial, science, and technology cooperation. "Participants agreed to build upon the progress made in these areas under the auspices of the India-US COMPACT (Catalyzin
Auto parts makers in India are weighing options to diversify into other markets besides setting up plants overseas to navigate the effects of 50% tariff. Nearly half of India's auto parts exports to the US will attract the new duty effective today, doubling from the 25% tariff implemented from August 7. This is expected to impact exports worth $3.08 billion to the US, the largest destination for Indian auto parts. Components for cars and small trucks valued at $3.58 billion will continue under the existing 25% duty."The 25% tariff was already a disability, but 50% makes it almost impossible to do business with US customers under current circumstances," said a senior executive at an auto parts maker asking not to be named. "We are left with no choice but to evaluate other markets or rethink
