Airbus names Jurgen Westermeier as new India and South Asia head

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New Delhi, Aug 6 (IANS) Airbus on Wednesday announced the appointment of Jurgen Westermeier as its new President and Managing Director for India and South Asia. The 53-year-old, who is currently serving as Executive Vice-President and Chief Procurement Officer at Airbus, will take charge on September 1.Westermeier will replace Remi Maillard, who has been named Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus.India is an important market for Airbus, wi…

US tariffs likely to impact just 0.19 pc of India's GDP: Industry

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New Delhi, Aug 6 (IANS) The proposed US tariffs on India will have a “manageable” impact on India’s economy, affecting just 0.19 per cent of the country’s GDP, industry leaders projected on Wednesday.The tariff will affect exports to the US worth approximately $8.1 billion, industry think tank PHDCCI said in a report. “Our analysis estimates an impact of only 1.87 per cent on India’s global merchandise exports and a negligible 0.19 per cent on India’s GDP due to US tariffs on India,” it ad…

Production of electronics goods up six times in last 11 years, exports up 8 times

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New Delhi, Aug 6 (IANS) The production of electronics goods in the country saw six-time growth in the last 11 years — from Rs 1.9 lakh crore in 2014-15 to Rs 11.3 lakh crore in 2024-25, as exports surged eight times from Rs 38,000 crore to Rs 3.27 lakh crore in the same period, Parliament was informed on Wednesday.India now has 300 mobile manufacturing units, from just two in 2014-15, while production of mobile phones has increased a whopping 28 times in the last 11 years — from Rs 18,000 cror…

11,535 coaches fitted with CCTV cameras to enhance passenger safety: Ashwini Vaishnaw

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New Delhi, Aug 6 (IANS) Indian Railways has so far fitted 11,535 coaches across zones with CCTV cameras to improve the safety and security of passengers, the Parliament was informed on Wednesday.According to Railways Minister Ashwini Vaishnaw, CCTV cameras will be installed in approximately 74,000 coaches and 15,000 locomotives.”Each coach will be provided with four CCTV cameras – two in each entrance way. Each locomotive will have six CCTV cameras, one camera each at the front, rear and on both…

India Post undertakes nationwide rollout of advanced postal tech under IT 2.0

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New Delhi, Aug 6 (IANS) As part of its digital transformation under IT 2.0, India Post has undertaken a massive nationwide rollout of the Advanced Postal Technology (APT) application, the Ministry of Communication said on Wednesday. This transition from the legacy system marks a major step toward delivering faster, smarter, and more customer-centric postal services.Meanwhile, given the scale and complexity of this migration, spanning over 1.64 lakh post offices across urban, rural, and remote ar…

NSDL shares list at 10 pc premium over issue price, touch intraday high of Rs 920

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New Delhi, Aug 6 (IANS) Shares of National Securities Depository Ltd (NSDL) debuted on the Bombay Stock Exchange (BSE) on Wednesday at Rs 880, reflecting a 10 per cent premium, or Rs 80 above the issue price of Rs 800 per share. NSDL’s IPO share listing fell short of expectations in the grey market, which had anticipated that the scrips would be listed at a premium of around 16 per cent.Shortly after listing, the stock reached an intraday high of Rs 920. As of 11.45 A.M., NSDL shares were tradin…

RBI MPC: Home Loan EMI, interest rate to remain unchanged as Central Bank retains repo rate

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New Delhi, Aug 6 (IANS) The Reserve Bank of India’s Monetary Policy Committee (RBI-MPC) on Wednesday decided to keep the repo rate unchanged at 5.50 per cent after its bi-monthly meeting. Keeping the repo rate steady means the Equated Monthly Instalment (EMI) and interest burden on the home loan will not change.In its last meeting, the MPC had lowered the repo rate by 50 basis points, bringing it down to 5.50 per cent from 6 per cent.The RBI has cut the repo rate by 100 BPS between February and …

Global investment banks raise S. Korea's 2025 growth outlook to 1 pc

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Seoul, Aug 6 (IANS) Major global investment banks (IBs) have raised their outlook for South Korea’s 2025 economic growth, citing its recent tariff deal with the United States, a report showed on Wednesday.As of end-July, eight major global IBs, including Barclays, BoA-Merrill Lynch and Citi, projected that Asia’s fourth-largest economy would expand 1 percent this year, up 0.1 percentage point from their median forecast a month earlier, according to the report by the Korea Center for Internationa…

US tariff hike won't have major impact on India's economy: RBI Governor

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Mumbai, Aug 6 (IANS) Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the US tariff hike will not have any major impact on the Indian economy unless there is a retaliatory tariff. Speaking at a press conference after the monetary policy announcement, the RBI Governor said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.””We are hopefu…

Delhi-NCR luxury home sales jump 9 pc in H1 2025: Report

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Mumbai, Aug 6 (IANS) Luxury housing sales in Delhi-NCR have risen by 9 per cent in the first half of 2025 (H1 2025) compared to the same period previous year (H1 2024), a new report said on Wednesday.According to data compiled by global professional services firm JLL, 5,168 luxury homes priced at Rs 5 crore and above were sold between January and June this year, up from 4,763 units in the first half of 2024.Delhi-NCR now accounts for 65 per cent of all luxury housing sales across India’s top s…