April 22, 2025 7:43 AM April 22, 2025 7:43 AM

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Trump slams fed chair as major loser, US markets plunge amid renewed rate cut pressure

US stocks and the dollar plunged again as President Donald Trump intensified his attacks on the head of the US central bank, calling him "a major loser" for not lowering interest rates. In a social media post, Trump urged Federal Reserve Chair Jerome Powell to cut interest rates to help boost the ec...

April 22, 2025 7:40 AM April 22, 2025 7:40 AM

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Harvard sues Trump admin to block funding cuts amid diversity feud

Harvard University filed a federal lawsuit against the Trump administration to block billions of dollars in proposed funding cuts. The suit, filed yesterday, is part of a feud that escalated last week when the elite institution rejected a list of demands that the Trump administration said was design...

April 21, 2025 10:35 PM April 21, 2025 10:35 PM

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India Eyes First Phase of Trade Deal with US by Fall: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman today said that India is actively engaging with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement "positively" by fall (September-October) this year.   Earlier this year, US President Donald Trump and Prime Minister...

April 21, 2025 9:33 PM April 21, 2025 9:33 PM

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Centre Imposes 12% Safeguard Duty on Steel Imports to Protect Domestic Industry

The Centre has imposed a 12 per cent safeguard duty on the import of certain non-alloy and alloy steel flat products with a view to shielding the Indian steel sector. Welcoming the decision, Union Minister of Steel H. D. Kumaraswamy said that this measure is a timely and necessary step to protect do...

April 21, 2025 9:34 PM April 21, 2025 9:34 PM

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Core Sector Grows 3.8% in March; Cement, Power, Refinery Products Lead Rise

India’s infrastructure output, which constitutes about two-fifths of the country’s industrial production, increased by 3.8 percent in March this year on an annual basis. The production of cement, fertilisers, steel, electricity, coal and refinery products recorded positive growth during last month. ...