The President of India, Smt. Droupadi Murmu, presided over the convocation ceremony of the Footwear Design and Development Institute (FDDI) in New Delhi, conferring certificates to over 500 graduating students. She highlighted FDDI’s status as an Institute of national importance since 2017 and underscored India’s global standing as the second-largest…
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Trump–Xi Summit: Tariff Cuts and Soybean Truce
U.S. President Donald Trump and Chinese President Xi Jinping held a high-stakes bilateral meeting in Busan on October 30 that produced a tentative trade truce cuts to selected tariffs, a major soybean purchase commitment by Beijing and a pause on some rare-earth export curbs. Officials said follow-up deals could be…
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Fed Cuts Rates Again, Powell Hints No December Easing
The US Federal Reserve has approved its second consecutive interest rate cut, lowering the benchmark federal funds rate to a range between 3.75% and 4%. However, Fed Chair Jerome Powell has signaled uncertainty over whether another reduction will follow in December, dampening market optimism. Rate Cut Aimed at Supporting Slowing…
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Oil Prices Surge 5% After US Sanctions on Russian Giants
Global oil prices spiked sharply on Thursday after the United States imposed sweeping sanctions on Russia’s largest oil companies, Rosneft PJSC and Lukoil PJSC. Brent crude surged by more than 5%, trading near $66 a barrel — its biggest single-day gain since the Israel-Iran conflict began in mid-June. The sanctions,…
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India Risks Becoming ‘Anti-AI Play’ in Global Markets: HSBC
New Delhi, October 20, 2025: Global brokerage firm HSBC has warned that India may be positioning itself as an “anti-AI play” in global markets, as the rest of the world accelerates adoption of artificial intelligence across sectors. The report raises concerns that the Indian IT and services sectors could face…
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We Rise Initiative Boosts Indian Women Entrepreneurs
NITI Aayog’s Women Entrepreneurship Platform (WEP) and DP World have jointly launched the ‘We Rise – Women Entrepreneurs Reimagining Inclusive and Sustainable Enterprises’ initiative to empower Indian women-led MSMEs. The programme under the WEP’s Award to Reward (ATR) framework aims to scale women-led businesses globally through mentorship, trade facilitation, and…
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China Expands Rare-Earth Export Curbs, Trump Threatens Tariffs
China’s surprise expansion of export controls on rare-earth materials has escalated tensions with Washington, prompting U.S. President Donald Trump to warn of a “massive increase” in tariffs and to question the need for a face-to-face meeting with President Xi Jinping at this month’s APEC summit. What Beijing announced On October…
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Gold Holds Below Record Highs Ahead of Fed Rate Cut Decision
New Delhi, Sept 15: Gold prices steadied below record highs on Monday as global investors waited for the US Federal Reserve’s key interest rate decision later this week. The precious metal hovered around $3,645 per ounce, consolidating gains made after last week’s all-time peak of nearly $3,675. Fed’s Policy Decision…