Private sector lender HDFC Bank has reduced its benchmark lending rates following the Reserve Bank of India’s (RBI) unexpected decision on Friday to cut the repo rate by 50 basis points in a bid to revive the slowing economy.The bank revised its marginal cost of funds-based lending rates (MCLR) downward by 10 basis points across…
Prime Minister Modi attacked Pakistan while speaking in Katra, saying that the country aimed to cause unrest in the region. His speech came after inaugrating major infrastructure projects and new Vande Bharat trains, aimed to boost connectivity in Jammu and Kashmir.In a surprise move, the RBI slashed the repo rate by 50 basis points, signaling…
Trump administration slashes additional $60M in grants to Harvard amid antisemitism, discrimination allegations—third cut in two months, bringing total to $2.7 billion. (AP Photo) The US Department of Health and Human Services (HHS) cut an additional $60 million in multi-year grants to Harvard University on May 19, 2025, citing ongoing concerns of antisemitic harassment and…
British fashion giant Burberry announced plans to slash almost one fifth of its global workforce, laying off 1,700 employees. The move comes as a major cost saving move to revive the company’s performance.The cuts come as part of a broader shake-up under chief executive officer Joshua Schulman, who joined the company last year to reverse…
The United States would cut the low value “de minimis” tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain, starting from May 14, modifying an earlier order imposed by Washington, a White House executive order said on Monday. The move comes several hours after Beijing and Washington announced…
NEW DELHI: An e-rickshaw driver was arrested for allegedly slashing a cabbie’s neck with a blade in an incident of road rage in southwest Delhi’s Dabri area.The victim, Gagandeep Singh (33), left bleeding and seriously injured, is recovering. Singh, who lives in Gurgaon’s Sector 107, stopped his car at a red light on Dabri-Dwarka Road…
The Trump administration has scrapped more than $800 million worth of research into the health of L.G.B.T.Q. people, abandoning studies of cancers and viruses that tend to affect members of sexual minority groups and setting back efforts to defeat a resurgence of sexually transmitted infections, according to an analysis of federal data by The New…
Image credit: ASU’s website The TOI correspondent from Washington: A top US scientist of Indian-origin resigned as the Director of the National Science Foundation (NSF), whose $ 9 billion budget funds life-changing research in America, amid allegations that the MAGA-infused Trump administration is gutting science and research in the country. Sethuraman Panchanathan, an alumnus of…
NEW DELHI: Amid pressure from the United States, govt has slashed the import duty on bourbon whiskey from 150% to 100% and lowered tariffs on several varieties of wines.Duty on wines made of fresh grapes, and vermouth, as well as some other fermented beverages and unadulterated ethyl alcohol with 80% alcohol strength have been cut…
NEW DELHI: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the iconic Amul brand, has announced a price reduction of Re 1 per litre for its one-litre milk packs across India. The move, aimed at promoting the purchase of larger packs, was confirmed by GCMMF managing director Jayen Mehta.“We have reduced…