Source: Reserve Bank of India
|
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 15, 2025, Tuesday, as under:
2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same. Ajit Prasad Press Release: 2025-2026/712 |
Source: Reserve Bank of India
|
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 15, 2025, Tuesday, as under:
2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same. Ajit Prasad Press Release: 2025-2026/712 |
Source: Reserve Bank of India
|
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 15, 2025, Tuesday, as under:
2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same. Ajit Prasad Press Release: 2025-2026/712 |
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
Madhya Pradesh Chief Minister Dr. Mohan Yadav, currently on a three-day visit to the UAE as part of his Dubai-Spain tour from July 13–19, is making strong headway in attracting international investments. His meetings with UAE officials and global investors have already yielded substantial commitments.
On the second day of his Dubai visit, Dr. Yadav held in-depth talks with UAE Minister of State for Foreign Trade, Dr. Thani Bin Ahmed Al Zeyoudi, focusing on investment prospects under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the I2U2 collaboration. He outlined Madhya Pradesh’s strengths, including its industrial infrastructure, supportive policies, and investor-friendly environment across sectors such as electric vehicles, textiles, pharmaceuticals, smart manufacturing, renewable energy, and food processing.
Significant investment commitments have already been secured. Vinay Thadani, Director and CEO of Grew Solar, confirmed an existing investment of ₹3,000 crore in the state, with plans to scale it up to ₹10,000 crore, covering renewable energy, textiles, and other key sectors.
Another key development came from Dr. Yadav’s meeting with Mukesh Vora, Chairman of the Jain International Trade Organisation (JITO). Both sides agreed to establish an MP-JITO investment platform in Dubai. The initiative will promote joint ventures in advanced manufacturing, logistics, and renewable energy, while also supporting skill development, MSME growth, and educational exchange.
Highlighting the broad scope of his visit, the Chief Minister said, “We have been meeting with various stakeholders since morning, including embassy officials. We discussed how the Indian and MP governments can make doing business with foreign partners simpler.” He also mentioned plans to develop food parks, explore mining potential, and support industrial setups.
Aviation also emerged as a focus area. Dr. Yadav noted efforts to boost flight connectivity and promote the state’s Air Ambulance service, with investor support under the Indian government’s guidance.
Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, expressed strong interest in partnering with the state. “It was a terrific opportunity to meet the CM of Madhya Pradesh. Having been in India for seven years, I’ve seen the scale of investment and vision the CM brings,” he said.
The Dubai leg of Dr. Yadav’s tour spans multiple sectors, including energy, health, services, and wellness. Particular investor interest has been noted in Madhya Pradesh’s mineral wealth, specifically gold, diamonds, and cement. The CM emphasized the state’s diverse offerings: mineral resources, tourism, healthcare, plug-and-play industrial parks, and air cargo facilities.
The collaboration frameworks laid out during the visit are expected to deepen India-UAE ties while furthering the vision of a ‘Developed Madhya Pradesh.’ The Chief Minister’s targeted approach, through structured discussions with officials and direct engagement with investors, is positioning the state as a top destination for UAE and global investment.
The visit began with Dr. Yadav’s address to the Indian diaspora on Sunday and continued with presentations to international investors, projecting Madhya Pradesh as one of India’s most investment-friendly and fastest-growing states.
Source: Government of India
Source: Government of India (4)
In a major boost to India’s first high-speed rail project, the construction of the first section of the 21 km undersea tunnel between Bandra-Kurla Complex (BKC) and Thane has been successfully completed. This undersea tunnel is part of the ambitious Mumbai–Ahmedabad Bullet Train project, which is being built in collaboration with Japan using advanced Shinkansen technology.
According to the latest update from the Ministry of Railways, civil construction across the 508 km corridor is progressing rapidly. So far, 310 km of viaducts have been constructed, alongside the completion of 15 major river bridges, while work on four more bridges is at an advanced stage. Of the planned 12 stations along the route, five have already been completed and three more are nearing completion.
One of the engineering highlights of the project is the Mumbai terminus at Bandra Kurla Complex (BKC). This station will be located 32.5 metres below ground level and has been designed with a robust foundation capable of supporting a 95-metre high building above ground, showcasing cutting-edge construction capabilities.
In a major boost to India-Japan technological cooperation, the Japanese government has confirmed that the next-generation E10 Shinkansen trains will be deployed on the Mumbai–Ahmedabad corridor. Notably, these trains will debut simultaneously in Japan and India, underlining the depth of the strategic partnership between the two countries.
The entire bullet train corridor is being built using state-of-the-art Shinkansen technology, which is globally recognised for its exceptional speed, safety and reliability standards. This project aims to redefine India’s passenger rail experience and set new benchmarks for infrastructure development in the country.
Track laying, installation of overhead electrical wires, and procurement of operational systems are also progressing in parallel, ensuring that the project stays on schedule.
Source: People’s Republic of China – State Council News
Chinese Vice President Han Zheng meets with Indian External Affairs Minister Subrahmanyam Jaishankar in Beijing, capital of China, July 14, 2025. (Xinhua/Gao Jie)
Chinese Vice President Han Zheng on Monday met with Indian External Affairs Minister Subrahmanyam Jaishankar in Beijing.
Han said, last October, Chinese President Xi Jinping had a successful meeting with Indian Prime Minister Narendra Modi in Kazan, leading China-India relations to a new starting point. Noting that China and India are both major developing countries and important members of the Global South, Han said it is the right choice for both sides to be partners contributing to each other’s success.
Han called on both sides to further implement the important consensus reached by the leaders of the two countries, adhere to the high-level guidance, steadily advance pragmatic cooperation, respect each other’s concerns, and promote the sustained, healthy, and stable development of China-India relations.
Jaishankar said that following the meeting between Prime Minister Modi and President Xi in Kazan, India-China relations have shown steady improvement. The Indian side stands ready to take the consensus reached by the leaders as guidance to maintain the momentum of bilateral ties, advance mutually beneficial cooperation, and enhance communication and coordination within multilateral mechanisms, he added.
India supports China in hosting this year’s Shanghai Cooperation Organization Summit as the rotating chair, Jaishankar said.
Source: GlobeNewswire (MIL-OSI)
FREMONT, Calif., July 14, 2025 (GLOBE NEWSWIRE) — Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a leader in advanced silicon battery technology, today announced the appointment of Srikanth Kethu as Head of Enovix India, effective today. In this key leadership role, Mr. Kethu will oversee the company’s Hyderabad R&D center and play a strategic role in supporting the ramp-up of Enovix’s high-volume manufacturing facility in Malaysia, while driving the broader expansion of Enovix’s footprint in India.
Mr. Kethu brings more than two decades of experience leading high-performance engineering teams and scaling offshore operations for global automotive and industrial leaders including ZF, Mercedes-Benz, and as an external consultant to BMW’s R&D center in Germany. His deep expertise in product development, systems integration, and cross-border team building makes him uniquely qualified to help lead Enovix through its next phase of global growth.
“We are thrilled to welcome Srikanth to the Enovix leadership team,” said Dr. Raj Talluri, President and CEO of Enovix. “India has always had a tremendous depth of engineering talent. I was fortunate to have been part of establishing and growing India’s cutting-edge R&D teams for Texas Instruments, Qualcomm and Micron — and now Enovix. As head of Enovix India, Srikanth will not only strengthen our world-class R&D center in Hyderabad but also support our efforts to industrialize at scale — including helping ensure the success of our new facility in Malaysia. He brings the experience and leadership we need to accelerate innovation and execution.”
Enovix’s Hyderabad R&D center plays a critical role in developing next-generation battery technology. Under Mr. Kethu’s leadership, the India team will expand its contributions to core cell and pack design, advanced manufacturing, and reliability testing. In addition to scaling R&D efforts, Mr. Kethu will help Enovix establish broader operational capabilities in India as the company grows its regional presence.
“I’m excited to join Enovix at such an important time for the battery industry and to make an impact,” said Mr. Kethu. “The Hyderabad team has already demonstrated exceptional technical capability. I look forward to working with our talented and dedicated teams across India and Southeast Asia to scale world-class solutions, support our factory in Malaysia, and help Enovix deliver breakthrough battery performance on a global scale. India offers a vast and highly skilled talent pool, and we remain committed to leveraging this strength to drive Enovix’s continued growth as a leading R&D hub in the region.”
About Enovix Corporation
Enovix is a leader in advancing lithium-ion battery technology with its proprietary cell architecture designed to deliver higher energy density and improved safety. The Company’s breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix’s technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design, manufacturing process, and system integration innovations. For more information, visit https://www.enovix.com.
Forward‐Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements regarding Enovix’s global growth strategy, expected plans for expansion in India, research and development in India, operational scale-up in Malaysia, product development roadmap, and other future events or expectations. Words such as “expects,” “intends,” “believes,” “will,” “plans,” and similar expressions are used to identify these forward-looking statements.
Actual results may differ materially due to a variety of risks and uncertainties, including those identified in the “Risk Factors” section of Enovix’s most recent filings with the Securities and Exchange Commission (SEC), including the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this release speak only as of the date hereof, and Enovix undertakes no obligation to update any such statements as a result of new information, future events, or otherwise, except as required by law.
Investor Contact:
Robert Lahey
ir@enovix.com
Media Contact:
Bateman Agency for Enovix
Kaelyn Attridge
enovix@bateman.agency
Source: The Conversation – USA (3) – By Iqbal Akhtar, Associate Professor of Religious Studies, Florida International University
When Zohran Mamdani announced his candidacy for mayor of New York City, political observers noted his progressive platform and legislative record. But understanding the Democratic candidate’s background requires examining the rich cultural tapestry woven into his very surname: Mamdani.
He takes the name from his father, Mahmood Mamdani, a prominent academic who was raised in Uganda and whose work focuses on postcolonial Uganda. I studied the history of the Khoja community for my doctoral work and have helped develop Khoja studies as an academic discipline. The Mamdani surname tells a story of migration, resilience and community-building that spans centuries and continents.
Mamdanis in Uganda belong to the Khoja community, a South Asian Muslim merchant caste, that shaped economic development across the western Indian Ocean for centuries.
The name originates from greater Sindh, a region in South Asia that today includes southeastern Pakistan and Kachchh in western India.
Its etymology is twofold. Mām is an honorific title in Kachchhi and Gujarati languages, meaning kindness, courage and pride. Māmadō is a local version of the name Muhammad that often appeared in surnames in Hindu castes that converted to Islam, such as the Memons.
The Khoja were categorized by the British in the early 19th century as “Hindoo Mussalman” because their traditions spanned both religions.
Over time, the Khoja came to be identified only as Muslim and then primarily as Shiite Muslim. Today, the majority of Khoja are Ismaili: a branch of Shiite Islam that follows the Aga Khan as their living imam.
The Mamdani family, however, is part of the Twelver community of Khoja, whose Twelfth Imam is believed to be hidden from the world and only emerges in times of crisis. Twelvers believe he will help usher in an age of peace during end times.
Around the late 18th century, the Khoja helped export textiles, manufactured goods, spices and gems from the Indian subcontinent to Arabia and East Africa. Through this Western Indian Ocean trading network, they imported timber, ivory, minerals and cloves, among other goods.
Khoja family firms were built on kinship networks and trust. They built networks of shops, communal housing and warehouses, and extended credit for thousands of miles, from Zanzibar in Tanzania to Bombay – now Mumbai – on the western coast of India.
Cousins and brothers would send money and goods across the ocean with only a letter. The precarious nature of trade in this period meant that families also served as insurance for each other. In times of wealth, it was shared; in times of disaster, help was available.
The Khoja became instrumental in building the commercial infrastructure of eastern, central and southern Africa. But the Khoja contribution to the development of Africa extended far beyond trade.
In the absence of colonial investment in public infrastructure, they helped build institutions that formed the foundation of the modern nation-states that emerged after colonization. The institutions both facilitated trade and established permanent communities.
For example, the first dispensary and public school in Zanzibar were constructed by a Khoja magnate, Tharia Topan, who made his wealth through the ivory and clove trades. Topan eventually became so prominent that he was knighted by Queen Victoria in 1890 for his service to the British Empire in helping to end slavery in East Africa.
The Khoja community continues to invest in East Africa. The most famous example is the Aga Khan Development Network, whose hospitals and schools operate in 30 countries. In places such as Kenya, Uganda and Tanzania, they are considered the best.
Like in other parts of Africa, the Khoja settled in Uganda as a liaison business community to develop a market to serve both African and European needs. The linguistic and cultural knowledge, developed over centuries, helped facilitate business despite the challenges of colonization.
However, in 1972, Ugandan dictator Idi Amin expelled all Asians – approximately 80,000 – forcing families like the Mamdanis into exile. These included indentured laborers, who were brought in to help build the railroad and farm during the British colonial period, and free traders, like the Mamdani family.
Amin saw them all as the same and famously said: “Asians came to Uganda to build the railway. The railway is finished. They must leave now.”
The experience was a bitter one. Families lost everything, and many left with only the clothes on their backs.
Mahmood Mamdani, who came from a Khoja merchant family, was 26 when he was exiled. Yet, unlike most Ugandan Asians, he chose to go back. At Makerere University in Kampala, Uganda’s capital, Mamdani set up the Institute for Social Research, which helped to provide rigorous social science training to Ugandan researchers trying to improve their society.
While the earlier generations of the Khoja tended to choose business or adjacent professions, such as accounting, the subsequent generations – particularly those educated in the West – embraced the knowledge economy as professionals, academics and nonprofit leaders.
Several of Mahmood Mamdani’s generation of Khoja academics conducted path-breaking work on Afro-Asian solidarity – a way of thinking about the world beyond colonial categories, such as the category of religion as a separate domain from the secular. These scholars, such as Tanzania’s Issa Shivji and Abdul Sheriff, worked on creating solidarity among the newly independent states of the Global South.
Mahmood Mamdani is known for his influential post-9/11 academic work, “Good Muslim, Bad Muslim,” which examined how Muslim identities are stereotyped. He argued that these identities are complex and varied, shaped by accumulated history and present experiences.
The Khoja community – known globally as the Khoja Shia Ithnasheri Muslim Community – has developed strong transnational connections. Today, they are concentrated in the United Kingdom, Canada, United States and France. However, Khoja can be found in almost any country in the world. In 2013, I met members of the community in Hong Kong.
The Khoja community plays an important role in interfaith dialogue and global development initiatives. A prominent Ismaili Khoja, Eboo Patel, the founder of Interfaith America, has dedicated his life to pluralism and mutual understanding through building up civil society.
Zohran Mamdani’s mother, acclaimed filmmaker Mira Nair, is Hindu by birth. This interfaith marriage exemplifies the flexibility, diversity and tolerance of Khoja Islam, which has historically navigated between Hindu and Islamic traditions.
Whether Mamdani’s policies prove practical remains to be seen, but his background offers something valuable: a deep understanding of how communities build resilience across generations and geographies.
Iqbal Akhtar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange – https://theconversation.com/zohran-mamdanis-last-name-reflects-centuries-of-intercontinental-trade-migration-and-cultural-exchange-259967
Source: The Conversation – USA (3) – By Iqbal Akhtar, Associate Professor of Religious Studies, Florida International University
When Zohran Mamdani announced his candidacy for mayor of New York City, political observers noted his progressive platform and legislative record. But understanding the Democratic candidate’s background requires examining the rich cultural tapestry woven into his very surname: Mamdani.
He takes the name from his father, Mahmood Mamdani, a prominent academic who was raised in Uganda and whose work focuses on postcolonial Uganda. I studied the history of the Khoja community for my doctoral work and have helped develop Khoja studies as an academic discipline. The Mamdani surname tells a story of migration, resilience and community-building that spans centuries and continents.
Mamdanis in Uganda belong to the Khoja community, a South Asian Muslim merchant caste, that shaped economic development across the western Indian Ocean for centuries.
The name originates from greater Sindh, a region in South Asia that today includes southeastern Pakistan and Kachchh in western India.
Its etymology is twofold. Mām is an honorific title in Kachchhi and Gujarati languages, meaning kindness, courage and pride. Māmadō is a local version of the name Muhammad that often appeared in surnames in Hindu castes that converted to Islam, such as the Memons.
The Khoja were categorized by the British in the early 19th century as “Hindoo Mussalman” because their traditions spanned both religions.
Over time, the Khoja came to be identified only as Muslim and then primarily as Shiite Muslim. Today, the majority of Khoja are Ismaili: a branch of Shiite Islam that follows the Aga Khan as their living imam.
The Mamdani family, however, is part of the Twelver community of Khoja, whose Twelfth Imam is believed to be hidden from the world and only emerges in times of crisis. Twelvers believe he will help usher in an age of peace during end times.
Around the late 18th century, the Khoja helped export textiles, manufactured goods, spices and gems from the Indian subcontinent to Arabia and East Africa. Through this Western Indian Ocean trading network, they imported timber, ivory, minerals and cloves, among other goods.
Khoja family firms were built on kinship networks and trust. They built networks of shops, communal housing and warehouses, and extended credit for thousands of miles, from Zanzibar in Tanzania to Bombay – now Mumbai – on the western coast of India.
Cousins and brothers would send money and goods across the ocean with only a letter. The precarious nature of trade in this period meant that families also served as insurance for each other. In times of wealth, it was shared; in times of disaster, help was available.
The Khoja became instrumental in building the commercial infrastructure of eastern, central and southern Africa. But the Khoja contribution to the development of Africa extended far beyond trade.
In the absence of colonial investment in public infrastructure, they helped build institutions that formed the foundation of the modern nation-states that emerged after colonization. The institutions both facilitated trade and established permanent communities.
For example, the first dispensary and public school in Zanzibar were constructed by a Khoja magnate, Tharia Topan, who made his wealth through the ivory and clove trades. Topan eventually became so prominent that he was knighted by Queen Victoria in 1890 for his service to the British Empire in helping to end slavery in East Africa.
The Khoja community continues to invest in East Africa. The most famous example is the Aga Khan Development Network, whose hospitals and schools operate in 30 countries. In places such as Kenya, Uganda and Tanzania, they are considered the best.
Like in other parts of Africa, the Khoja settled in Uganda as a liaison business community to develop a market to serve both African and European needs. The linguistic and cultural knowledge, developed over centuries, helped facilitate business despite the challenges of colonization.
However, in 1972, Ugandan dictator Idi Amin expelled all Asians – approximately 80,000 – forcing families like the Mamdanis into exile. These included indentured laborers, who were brought in to help build the railroad and farm during the British colonial period, and free traders, like the Mamdani family.
Amin saw them all as the same and famously said: “Asians came to Uganda to build the railway. The railway is finished. They must leave now.”
The experience was a bitter one. Families lost everything, and many left with only the clothes on their backs.
Mahmood Mamdani, who came from a Khoja merchant family, was 26 when he was exiled. Yet, unlike most Ugandan Asians, he chose to go back. At Makerere University in Kampala, Uganda’s capital, Mamdani set up the Institute for Social Research, which helped to provide rigorous social science training to Ugandan researchers trying to improve their society.
While the earlier generations of the Khoja tended to choose business or adjacent professions, such as accounting, the subsequent generations – particularly those educated in the West – embraced the knowledge economy as professionals, academics and nonprofit leaders.
Several of Mahmood Mamdani’s generation of Khoja academics conducted path-breaking work on Afro-Asian solidarity – a way of thinking about the world beyond colonial categories, such as the category of religion as a separate domain from the secular. These scholars, such as Tanzania’s Issa Shivji and Abdul Sheriff, worked on creating solidarity among the newly independent states of the Global South.
Mahmood Mamdani is known for his influential post-9/11 academic work, “Good Muslim, Bad Muslim,” which examined how Muslim identities are stereotyped. He argued that these identities are complex and varied, shaped by accumulated history and present experiences.
The Khoja community – known globally as the Khoja Shia Ithnasheri Muslim Community – has developed strong transnational connections. Today, they are concentrated in the United Kingdom, Canada, United States and France. However, Khoja can be found in almost any country in the world. In 2013, I met members of the community in Hong Kong.
The Khoja community plays an important role in interfaith dialogue and global development initiatives. A prominent Ismaili Khoja, Eboo Patel, the founder of Interfaith America, has dedicated his life to pluralism and mutual understanding through building up civil society.
Zohran Mamdani’s mother, acclaimed filmmaker Mira Nair, is Hindu by birth. This interfaith marriage exemplifies the flexibility, diversity and tolerance of Khoja Islam, which has historically navigated between Hindu and Islamic traditions.
Whether Mamdani’s policies prove practical remains to be seen, but his background offers something valuable: a deep understanding of how communities build resilience across generations and geographies.
Iqbal Akhtar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange – https://theconversation.com/zohran-mamdanis-last-name-reflects-centuries-of-intercontinental-trade-migration-and-cultural-exchange-259967
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
BEIJING, July 14 (Xinhua) — Chinese Vice President Han Zheng met with Indian External Affairs Minister Subrahmanyam Jaishankar in Beijing on Monday.
Han Zheng said that the successful meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi in Kazan last October brought China-India relations to a new starting point. Stressing that China and India are both major developing countries and important members of the Global South, he pointed out that the win-win partnership strategy is the right choice for both sides.
Han Zheng called on the two sides to step up the implementation of the important agreements reached by the leaders of the two countries, unswervingly adhere to the policy of the top leadership, steadily deepen pragmatic cooperation, respect each other’s concerns, and promote the steady, healthy and stable development of China-India relations.
S. Jaishankar said that after the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Kazan, India-China relations have shown steady improvement. The Indian side is ready, guided by the consensus reached by the leaders of the two countries, to maintain the positive dynamics of bilateral ties, promote mutually beneficial cooperation and strengthen communication and coordination in multilateral mechanisms, he added.
“India supports China, which has assumed the rotating chairmanship of the SCO, in hosting the Shanghai Cooperation Organisation summit this year,” S. Jaishankar stressed. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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Source: Government of India
Source: Government of India (4)
India’s retail inflation for June 2025 has dropped to its lowest level in more than six years, according to the latest data released by the Ministry of Statistics and Programme Implementation. The provisional Consumer Price Index (CPI) shows that headline inflation for June stood at 2.10 percent for the country overall, with rural inflation at 1.72 percent and urban inflation at 2.56 percent. This marks the lowest headline CPI since January 2019, offering a significant respite to households grappling with cost pressures over recent years.
Food inflation, which has often been the primary driver of household expenses, remained in the negative for the second month in a row. The Combined Consumer Food Price Index (CFPI) recorded a deflation of 1.06 percent in June, with rural areas seeing a 0.92 percent decline and urban areas witnessing a 1.22 percent fall in food prices. Compared to the same period last year, the drop in food inflation has been substantial, mainly due to easing prices of vegetables, pulses, cereals, milk, meat and fish, sugar and spices.
On a month-on-month basis, headline inflation in June rose by 0.62 percent, while food inflation increased by 1.08 percent, largely in line with seasonal trends and normal price movements. Meanwhile, certain core categories continue to show moderate yet steady increases. Housing inflation in urban areas came in at 3.24 percent, slightly higher than May’s 3.16 percent. Education inflation was recorded at 4.37 percent compared to 4.12 percent in the previous month, while health expenses rose by 4.43 percent, up from 4.34 percent. Transport and communication costs remained stable, increasing marginally to 3.90 percent from 3.85 percent. Fuel and light inflation dropped to 2.55 percent from 2.84 percent in May.
The ministry highlighted that the price data for this calculation was gathered from over 1,100 urban markets and 1,181 villages, with 100 percent coverage in rural areas and over 98 percent coverage in urban centres. This robust coverage ensures that the estimates reflect prevailing market conditions across the country.
Economists believe that the sustained decline in food prices will offer relief to households, but they also point out that the persistent rise in services such as health, education and housing requires careful monitoring. The latest figures suggest that inflation is well within the Reserve Bank of India’s target range of 2 to 6 percent, giving policymakers more room to focus on growth and employment in the coming months.
The final inflation report for June will be released on August 12. Until then, the latest numbers present a clear picture of easing consumer prices and a cautious optimism for economic planners who have been grappling with fluctuating global commodity prices and unpredictable weather patterns affecting agricultural output.
Source: Government of India
Source: Government of India (4)
India’s retail inflation for June 2025 has dropped to its lowest level in more than six years, according to the latest data released by the Ministry of Statistics and Programme Implementation. The provisional Consumer Price Index (CPI) shows that headline inflation for June stood at 2.10 percent for the country overall, with rural inflation at 1.72 percent and urban inflation at 2.56 percent. This marks the lowest headline CPI since January 2019, offering a significant respite to households grappling with cost pressures over recent years.
Food inflation, which has often been the primary driver of household expenses, remained in the negative for the second month in a row. The Combined Consumer Food Price Index (CFPI) recorded a deflation of 1.06 percent in June, with rural areas seeing a 0.92 percent decline and urban areas witnessing a 1.22 percent fall in food prices. Compared to the same period last year, the drop in food inflation has been substantial, mainly due to easing prices of vegetables, pulses, cereals, milk, meat and fish, sugar and spices.
On a month-on-month basis, headline inflation in June rose by 0.62 percent, while food inflation increased by 1.08 percent, largely in line with seasonal trends and normal price movements. Meanwhile, certain core categories continue to show moderate yet steady increases. Housing inflation in urban areas came in at 3.24 percent, slightly higher than May’s 3.16 percent. Education inflation was recorded at 4.37 percent compared to 4.12 percent in the previous month, while health expenses rose by 4.43 percent, up from 4.34 percent. Transport and communication costs remained stable, increasing marginally to 3.90 percent from 3.85 percent. Fuel and light inflation dropped to 2.55 percent from 2.84 percent in May.
The ministry highlighted that the price data for this calculation was gathered from over 1,100 urban markets and 1,181 villages, with 100 percent coverage in rural areas and over 98 percent coverage in urban centres. This robust coverage ensures that the estimates reflect prevailing market conditions across the country.
Economists believe that the sustained decline in food prices will offer relief to households, but they also point out that the persistent rise in services such as health, education and housing requires careful monitoring. The latest figures suggest that inflation is well within the Reserve Bank of India’s target range of 2 to 6 percent, giving policymakers more room to focus on growth and employment in the coming months.
The final inflation report for June will be released on August 12. Until then, the latest numbers present a clear picture of easing consumer prices and a cautious optimism for economic planners who have been grappling with fluctuating global commodity prices and unpredictable weather patterns affecting agricultural output.
Source: Government of India
Source: Government of India (4)
India’s retail inflation for June 2025 has dropped to its lowest level in more than six years, according to the latest data released by the Ministry of Statistics and Programme Implementation. The provisional Consumer Price Index (CPI) shows that headline inflation for June stood at 2.10 percent for the country overall, with rural inflation at 1.72 percent and urban inflation at 2.56 percent. This marks the lowest headline CPI since January 2019, offering a significant respite to households grappling with cost pressures over recent years.
Food inflation, which has often been the primary driver of household expenses, remained in the negative for the second month in a row. The Combined Consumer Food Price Index (CFPI) recorded a deflation of 1.06 percent in June, with rural areas seeing a 0.92 percent decline and urban areas witnessing a 1.22 percent fall in food prices. Compared to the same period last year, the drop in food inflation has been substantial, mainly due to easing prices of vegetables, pulses, cereals, milk, meat and fish, sugar and spices.
On a month-on-month basis, headline inflation in June rose by 0.62 percent, while food inflation increased by 1.08 percent, largely in line with seasonal trends and normal price movements. Meanwhile, certain core categories continue to show moderate yet steady increases. Housing inflation in urban areas came in at 3.24 percent, slightly higher than May’s 3.16 percent. Education inflation was recorded at 4.37 percent compared to 4.12 percent in the previous month, while health expenses rose by 4.43 percent, up from 4.34 percent. Transport and communication costs remained stable, increasing marginally to 3.90 percent from 3.85 percent. Fuel and light inflation dropped to 2.55 percent from 2.84 percent in May.
The ministry highlighted that the price data for this calculation was gathered from over 1,100 urban markets and 1,181 villages, with 100 percent coverage in rural areas and over 98 percent coverage in urban centres. This robust coverage ensures that the estimates reflect prevailing market conditions across the country.
Economists believe that the sustained decline in food prices will offer relief to households, but they also point out that the persistent rise in services such as health, education and housing requires careful monitoring. The latest figures suggest that inflation is well within the Reserve Bank of India’s target range of 2 to 6 percent, giving policymakers more room to focus on growth and employment in the coming months.
The final inflation report for June will be released on August 12. Until then, the latest numbers present a clear picture of easing consumer prices and a cautious optimism for economic planners who have been grappling with fluctuating global commodity prices and unpredictable weather patterns affecting agricultural output.
Source: Government of India
Source: Government of India (4)
Air India CEO and Managing Director Campbell Wilson on Monday said that the Aircraft Accident Investigation Bureau (AAIB) preliminary report on AI-171 plane crash in Ahmedabad has not found “mechanical or maintenance issues with the aircraft or engines” and urged people not to draw any “premature conclusions” before the investigation is completed.
In an internal communication, Wilson said the report confirmed that all mandatory maintenance tasks had been completed and there were no faults with the quality of fuel used. He added that no abnormalities were found in the aircraft’s take-off roll.
According to the letter, the pilots had passed their mandatory pre-flight breathalyser tests and there were no concerns regarding their medical status.
“The report has identified no cause nor made any recommendations, so I urge everyone to avoid drawing premature conclusions as the investigation is far from over,” Wilson said. He assured that Air India would continue to fully cooperate with investigators to ensure a thorough and comprehensive inquiry.
He added that until the final report is released, speculation and sensational headlines are likely to continue, but urged staff to remain focused on their work. “We must stay true to the values that have guided Air India’s transformation over the past three years — integrity, excellence, customer focus, innovation and teamwork,” he said.
Wilson reiterated that the airline’s priorities remain standing by the bereaved families and the injured, working together as a team, and ensuring a safe and reliable air travel experience for customers.
The AAIB’s Preliminary Report released on Friday said that both the engines of the aircraft were moved from “run” to “cutoff,” in quick succession, which resulted in the fuel supply to be cut off. The report says that in the cockpit voice recording, one of the pilots is heard asking the other why he did the cutoff, which the other pilot denied ever doing so.
“The aircraft achieved the maximum recorded airspeed of 180 Knots IAS at about 08:08:42 UTC and immediately thereafter, the Engine 1 and Engine 2 fuel cutoff switches transitioned from RUN to CUTOFF position one after another with a time gap of 01 sec. The Engine N1 and N2 began to decrease from their take-off values as the fuel supply to the engines was cut off,” the preliminary report said.
The crash of Air India’s Boeing 787-8 Dreamliner in Ahmedabad, Gujarat claimed the lives of 260 people, including 229 passengers, 12 crew members, and 19 people on the ground.
(Input from agencies)
Source: Government of India
Source: Government of India (2)
lign=”center”>Sovereignty Will Not Be Lost Through Invasions, But Through Dependence On Foreign Digital Infrastructure, Says VP
Technological Leadership Is The New Frontier Of Patriotism, Says VP
Coaching Centres Must Use Their Infrastructure To Transform Into Skill Centres, Urges VP
The Obsession With Perfect Grades And Standardized Scores Have Compromised Curiosity, Cautions VP
Coaching Centers Are Against The Flow Of The National Education Policy, Says VP
We Must Rise As Architects Of Our Own Digital Destiny; Influence The Destiny Of Other Nations, Emphasis VP
We Need To Build Bharatiya Systems For Bharatiya Users And Globalize It, Says VP
Vice-President Addresses 4th Convocation Of Indian Institute Of Information Technology, Kota
The Vice-President of India, Shri Jagdeep Dhankhar, today said, “Coaching centres have turned out to be poaching centres. They have become black holes for talent in regimented silos. Coaching centres are mushrooming. This is menacing for our youth who are our future. We must address this malice that is worrisomely concerning. We cannot allow our education to be so smeared and tarnished.”
https://x.com/VPIndia/status/1943984230503264468
Shri Dhankahr further added, “Nations will no longer be compromised or colonized by armies as armies have now been replaced by algorithms. Sovereignty will not be lost through invasions, but through dependence on foreign digital infrastructure”, he noted.
https://x.com/VPIndia/status/1943955750759674059
The Vice-President called for a new vision of patriotism rooted in technological leadership, “We are getting into a new era, an era of new Nationalism. Technological leadership is the new frontier of Patriotism. We have to be world leaders in technological leadership.”
Shri Dhankhar raised concerns over import dependence in critical sectors like defence, saying, “If we get technology driven equipment from outside, especially in sectors such as defence, that country has the power to bring us to a standstill.”
https://x.com/VPIndia/status/1943955066417033546
He explained how global power dynamics are changing in the digital age, saying, “The battleground of the 21st century is no longer land or sea. Gone are the days of conventional warfare. Our prowess, our power has to be determined by code, cloud and cyber.”
Addressing the 4th Convocation Ceremony of the Indian Institute of Information Technology (IIIT), Kota in Rajasthan today as Chief Guest, Shri Dhankhar said, “How can we even speak of Gurukuls today—among the 22 visual depictions in the Indian Constitution, there is also an image of a Gurukul. We have always believed in the donation of knowledge. Coaching centres must use their infrastructure to transform into skill centres. I urge civil society and public representatives before me and outside to appreciate the urgency of this disease. They must converge to restore sanity in education. We need coaching for skill”, he mentioned.
Shri Dhankhar underlined how obsession with marks is harming the spirit of learning, saying, “The obsession with perfect grades and standardized scores have compromised curiosity, which is an inalienable facet of human intelligence. The seats are limited but coaching centers are all over the country. They prepare the minds of students for years together and robotize them. Their thinking has absolutely stymied. A lot of psychological problems can arise out of it.”
The Vice-President encouraged students to look beyond grades, saying, “Your marksheets and grades will not define you. When you take a leap into the competitive world, your knowledge and thinking mind will define you.”
Turning to the digital world, the Vice-President emphasized, “A smart app that doesn’t work in rural India is not smart enough. An AI model that doesn’t understand regional languages is incomplete. A digital tool that excludes the disabled is unjust.”
Shri Dhankhar encouraged the youth to become leaders in building local solutions for global impact, saying, “Youth of Bharat must be conscious keepers of the tech world. We need to build Bharatiya systems for Bharatiya users and globalize it.”
Urging Indians to lead the world in digital self-reliance, he said, “We must rise as architects of our own digital destiny and also influence the destiny of other nations. Our coders, data scientists, blockchain innovators, and AI engineers are the modern-day nation builders. India, once a global leader cannot afford to be at rest just being a passive user nation of borrowed technologies. Earlier we used to wait for technology. The gap was decades. It has narrowed down to weeks now. We should actually be exporting technology.”
https://x.com/VPIndia/status/1943968806189383966
Shri Dhankhar strongly opposed the idea of education being treated like an assembly line, saying, “We must end this assembly-line culture, because this culture is very dangerous for our education. Coaching centers are against the flow of the National Education Policy. This creates unnecessary hiccups and impediments in growth and progress.
“Money is poured into billboards and advertisements in newspapers. This money comes from those who either take loans or who painstakingly paid to make their future brighter. This is not optimal utilisation of money, and these advertisements are alluring but they are eyesores for our civilisational ethos.”, he noted.
He concluded with a sharp critique of rote learning culture, saying, “We are facing the crisis of cramming culture which has transformed vibrant minds into mechanical repositories of temporary information. There is no absorption. There is no understanding. It is creating intellectual zombies rather than creative thinkers. Cramming creates memory without meaning. Cramming creates memory without meaning and adds degrees without depth.”
https://x.com/VPIndia/status/1943942628577583237
Shri Haribhau Kisanrao Bagde, Governor of Rajasthan, Lt. Gen. (Retd.) A.K. Bhatt, Chairperson, BoG, IIIT, Prof. N.P. Padhy, Director and other dignitaries were also present on the occasion.
Source: Government of India
Source: Government of India (4)
India’s trade performance in the third quarter of FY 2024–25 demonstrated cautious resilience amid rising geopolitical tensions and fluctuating global demand, according to the latest edition of Trade Watch Quarterly released by NITI Aayog on Monday.
The third edition of the quarterly report, unveiled by NITI Aayog Member Dr. Arvind Virmani, presents a data-driven analysis of India’s trade performance during a period of international uncertainty and policy realignments.
According to the report, India’s merchandise exports grew 3% year-on-year in Q3, reaching $108.7 billion. Imports, however, rose by a sharper 6.5% to $187.5 billion, widening the merchandise trade deficit. Despite this gap, robust growth in the services sector played a balancing role.
Services exports surged by 17% during the quarter, generating a surplus of $52.3 billion.
The report highlights stability in export composition, with notable gains in specialized sectors. Aircraft, spacecraft, and related parts broke into the top ten export categories for the first time, posting a year-on-year growth of over 200%.
Regionally, North America and the European Union continued to dominate India’s export destinations, together accounting for nearly 40% of outbound shipments.
India’s prowess in the digital space was also reinforced, with the country ranking as the world’s fifth-largest exporter of Digitally Delivered Services (DDS), accounting for $269 billion in 2024.
Furthermore, high-tech merchandise exports, led by electrical machinery and arms/ammunition, have sustained robust momentum since 2014, growing at a compound annual growth rate of 10.6%.
This quarter’s thematic focus analyzes the impact of evolving US trade policy, particularly shifts in tariffs. The report identifies India’s relative tariff advantage over key competitors as a strategic window to expand its footprint in the American market.
Sectors such as pharmaceuticals, textiles, and electrical machinery are especially well-positioned to capitalize on these changes. The report stresses that timely and adaptive policymaking will be crucial in leveraging these changes to enhance India’s export competitiveness.
Source: Government of India
Source: Government of India (4)
The North Eastern Region of India has shown notable improvement in its journey towards achieving the Sustainable Development Goals (SDGs), according to the NER District SDG Index 2023–24 released by NITI Aayog and the Ministry of Development of North Eastern Region (MoDoNER), with support from the UNDP. The second edition of the index, launched on July 7, offers a detailed district-level analysis across the eight states, capturing the performance of 121 districts on 15 of the 17 SDGs.
The index reveals that all districts in Mizoram, Sikkim, and Tripura have achieved Front Runner status, with Mizoram’s Hnahthial emerging as the top-performing district in the region. The findings underscore the impact of national flagship schemes, targeted localisation, and initiatives like the aspirational districts programme in driving development. States like Nagaland and Tripura have shown balanced and sustained progress across multiple goals, while Sikkim demonstrated the smallest gap between its top and bottom-ranked districts, indicating uniform development.
Compared to the 2021–22 edition, the share of front runner districts has increased from 62% to 85%. Significant gains were observed in goals such as no poverty, zero hunger, good health and well-being, quality education, gender equality, and clean water and sanitation. Programmes like the Jal Jeevan Mission and Swachh Bharat Mission played a crucial role in these improvements. However, challenges persist in areas like climate action, reducing inequalities, and responsible consumption and production.
Among the top 10 districts, Mizoram had three entries, including the top-ranked Hnahthial, while Tripura and Nagaland contributed three districts each, and Sikkim had one. At the state level, Assam showed a strong performance with 89% of its districts in the Front Runner category, while Arunachal Pradesh displayed a more mixed profile with progress in select goals but lagging in infrastructure and climate action. Meghalaya, Manipur, and Nagaland also showed encouraging trends, although regional disparities remain.
The report highlights the importance of improved data systems, collaborative planning, and regular monitoring in sustaining development momentum. It also identifies the need for continued focus on remote and newly formed districts where data gaps and development challenges persist.
The NER District SDG Index 2023–24 not only reflects the North East’s developmental strides but also acts as a vital tool for policy-making, enabling targeted interventions and fostering greater cooperation among districts. While progress is evident, the report underscores the need for sustained efforts to address inequality, environmental sustainability, and inclusive growth in the region.
Source: Government of India
Source: Government of India (4)
In a strong push for road safety, the Bureau of Indian Standards (BIS) and the Department of Consumer Affairs have launched a nationwide campaign urging two-wheeler riders to use only BIS-certified helmets. The initiative, themed “Helmet – More Than Just a Shell. Choose Smart. Ride Safe,” highlights the critical importance of wearing scientifically tested and approved head protection, especially in a country where two-wheelers account for nearly 45% of road accident deaths.
Modern helmets, though commonplace today, trace their legacy to ancient headgear used for protection in battle and harsh environments. Yet despite advances in design and technology, helmet usage in India is still driven more by fear of penalties than genuine concern for safety. Many riders don helmets only near police checkpoints, often opting for low-cost, uncertified versions that offer little to no real protection.
According to the World Health Organisation, wearing a proper helmet can reduce the risk of death by six times and brain injury by up to 74%. However, thousands of substandard helmets -often with fake ISI marks – continue to flood roadside markets. These counterfeit products fail key safety checks and can shatter or slip off in accidents, providing a false sense of security that can prove fatal.
Under a Quality Control Order in effect since 2021, only helmets conforming to IS 4151:2015 and certified by BIS are legally permitted for use by two-wheeler riders. As of June 2025, 176 manufacturers across India are licensed to produce BIS-certified helmets. These helmets undergo rigorous testing for impact absorption, strap strength, visibility, sound penetration, and durability in extreme conditions.
To combat the menace of fake helmets, BIS has intensified enforcement. In 2024–25 alone, it carried out over 30 raids, seizing more than 2,500 non-compliant helmets from illegal manufacturers in Delhi and over 500 from retail points across 17 locations. Legal action against offenders is underway. Meanwhile, District Magistrates and police departments have been instructed to take action against the sale of non-certified helmets, and awareness drives are being conducted in cities like Chennai through public roadshows and free distribution campaigns.
BIS is also stepping up consumer outreach. Tools like the BIS Care App now allow riders to verify certification details and report suspicious products. Campaigns such as “Quality Connect,” led by local volunteers called Manak Mitras, are actively engaging with communities to raise awareness about helmet safety and the risks of uncertified gear.
As India’s roads grow busier and accidents more frequent, the message is clear: helmets are not just accessories – they are life-saving equipment. Choosing a BIS-certified helmet is not about avoiding fines, but about valuing life. In the critical moments of an accident, it’s not the look of the helmet that matters, but the science behind it. The difference between a certified and a counterfeit helmet is not just a label – it’s the difference between life and death.
Source: APO
By Shivank Goel, an Indo-Africa Corridor Specialist at RMB (www.RMB.co.za)
At GTR Africa 2025, a diverse panel of experts – including representatives from the Reserve Bank of India’s research wing, MSME chambers and leading financial institutions – explored the question of how India can double its export trade to reach the government’s target of $2 trillion by 2030. In 2024, India’s exports of goods and services were estimated at over $800 billion, up 5.6% year on year. Yet services continue to outpace goods, with an eight-percentage-point lead in growth.
For India to achieve a more balanced export profile and reach its national targets, boosting merchandise exports is imperative. Africa stands out as a significant factor in helping India achieve its ambitious goals, particularly as a market for Indian merchandise exports. Financial institutions have a substantial role to play in supporting this trade and unlocking the opportunities within the India-Africa corridor.
A growth market with strategic alignment
Africa is home to some of the fastest-growing economies in the world. Across sectors such as infrastructure, pharmaceuticals, automotive components, agriculture, and consumer goods, Indian products are already gaining traction. Shared cultural and historical ties, a largely English-speaking business environment, and similar developmental goals in education, technology, healthcare, and infrastructure position the two regions as natural trade partners.
With the establishment of the African Continental Free Trade Area (AfCFTA), Africa is poised to become more integrated with an addressable market of 1.2 billion people, $3.4 trillion in GDP, and reduced intra-continental tariffs. This transforms the way Indian exporters can approach the region, moving from fragmented country-specific strategies to viewing Africa as a unified, high-growth destination, not only for trade but also for embedding into the region as a way to participate in the global value chain.
Financial and structural hurdles to overcome
Although this opportunity is promising, Indian exporters, particularly micro, small and medium enterprises (MSMEs), face several challenges in navigating African markets. One of the most significant hurdles is logistical complexity, including infrastructure constraints in certain regions, which can disrupt supply chains and increase the cost and time of moving goods across borders.
Another key concern is partner and counterparty risk. In many cases, assessing the creditworthiness of potential trading partners is difficult, and this uncertainty can deter Indian firms from entering new markets. Exporters must also contend with foreign exchange volatility and concerns about the timely and secure repatriation of funds, which can further complicate trade with certain African countries.
In addition, many exporters – particularly newer or smaller firms – struggle to access the working capital and trade finance required to scale operations or explore new markets. These financing gaps can limit their ability to take advantage of the growing opportunities presented by Africa’s expanding consumer base and regional trade integration.
Overcoming these barriers requires a holistic financial approach that combines a deep understanding of local markets with tailored credit solutions, risk mitigation tools, and long-term partnership models.
Digitisation is a critical enabler of trade finance
As global trade becomes increasingly volatile due to shifting tariffs, regulatory uncertainty, and tightening cycles, efficiency and agility are critical. Digital transformation plays a pivotal role in reducing costs and improving access to finance.
Innovations such as e-bills of lading, blockchain-based guarantees, and the use of machine learning and AI for document verification and compliance checks can reduce delays and human error in cross-border trade processes. While traditional trade finance cycles can take 60 to 90 days, digital solutions allow exporters to respond quickly to market changes and manage cash flow more effectively.
Banks and financiers investing in African-led digitisation efforts are well placed to support Indian exporters entering or expanding in the region. By building digital platforms that align with local regulatory environments and business norms, financial partners can help unlock a new era of trade connectivity between the two regions.
Leveraging AfCFTA for regional and global value chains
One of the most powerful tools available to Indian exporters is the ability to use Africa not just as an end market but also as a base for regional and global value chain participation. With AfCFTA aiming to eliminate trade barriers between African nations, a company that invests or establishes operations in one country could potentially access the entire continent tariff-free.
This opens new opportunities to move up the value chain through manufacturing, technology transfer, and joint ventures that foster local capacity while increasing India’s global trade footprint. It also encourages long-term thinking and investment in the corridor, for shared prosperity, rather than short-term export opportunism.
The need for skills and inclusive innovation
Export growth cannot happen in a vacuum. Both India and Africa need to invest in upskilling and reskilling their workforces, particularly in fields like engineering, logistics, manufacturing, and infrastructure. Encouraging more people to pursue careers in these sectors is essential in building long-term trade resilience.
Technology must be made accessible and inclusive, with tools and training offered in local languages and tailored to diverse educational backgrounds. The goal is not to replace people with machines, but to empower people to work more effectively with technology, enhancing efficiency, accuracy, and productivity, particularly in the areas of financing and trade compliance.
The role of diplomacy
India’s growing diplomatic and economic engagement with Africa is already yielding results. During its presidency of the G20 in 2023, India championed the inclusion of the African Union as a permanent member, highlighting its ambition to serve as a voice for the Global South.
Today, India is collaborating with African nations on digital infrastructure, payment platforms, energy projects, naval cooperation, and more. From tech stack adoption in countries like Ghana and Angola, to partnerships between Indian public sector firms and African energy providers, the bilateral relationship is rapidly deepening.
To accelerate trade, policy frameworks on both sides must evolve to support openness, competition, and innovation. Incentives for exporters, joint R&D investments, streamlined customs procedures, and predictable regulations will all play a critical role.
Building a corridor for shared prosperity
The India–Africa trade corridor represents one of the most promising frontiers for growing Indian merchandise exports in the coming decade. The geopolitical environment is increasingly supportive, and there is significant scale and numerous synergies that can be leveraged for expansion.
By investing in digital transformation, financial access, skills development, and long-term policy alignment, stakeholders across the trade ecosystem, from governments and banks to MSMEs and large corporates, can build a corridor that delivers shared growth and resilience. Africa is not just a market to be tapped; it has the potential to become a strategic partner for India in shaping the future of global trade.
Distributed by APO Group on behalf of Rand Merchant Bank.
About the Author:
Shivank Goel is an Indo-Africa Corridor Specialist at RMB. He was a panellist at GTR Africa 2025, contributing to the discussion on policy and finance strategies to accelerate India’s merchandise exports and strengthen the India–Africa trade corridor.
Source: Government of India
Source: Government of India (4)
Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns this year outpaced those of gold.
Imports fill most of the demand in the world’s largest consumer of silver, where domestic prices touched a record high of 114,875 rupees ($1,336) a kg as a production shortfall spurred investors’ hopes for a further rally.
“Gold’s done pretty well for me over the last couple of years,” said Umesh Agarwal, a regular buyer of gold coins, who recently made his first purchase of a one-kilogram bar of silver.
“Now I’m hoping silver follows the same path and gives similar returns.”
Domestic prices of silver have risen 21% in the past three months, outstripping a rise of 5% in gold, as opposed to the scenario of the past year, when gold prices surged 34%, compared to a rise of 23% in silver.
The appetite for silver is driven both by investment and industry needs in areas such as solar energy and electric vehicles, outpacing production, said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer.
“Usually, investors cash in when prices hit record highs, offloading coins and bars or pulling out of exchange-traded funds (ETFs),” he added.
“However, this time, even at record highs, people are investing, rather than selling.”
Silver ETFs attracted inflows of a record 20.04 billion rupees in June, up from 8.53 billion in May, data from the Association of Mutual Funds in India showed.
In the June quarter, silver ETFs attracted inflows of 39.25 billion rupees, far outpacing the 23.67 billion flowing into gold ETFs.
Such ETFs offer investors a convenient way to gain exposure to silver, which is heavy and costly to store and transport, said Vikram Dhawan, head of commodities and fund manager at Nippon India Mutual Fund, which manages metal ETFs.
Volatility in equity markets following U.S. President Donald Trump’s tariffs has also pushed investors to diversify, said a Mumbai-based bullion dealer with a silver importing bank.
Traditionally the choice of budget-conscious rural consumers, silver is increasingly attracting urban buyers as an investment, the dealer added.
Indian retail investment demand rose 7% in the first half of 2025 on the year, fuelled by expectations of a price rally, the Silver Institute said this month.
Silver imports jumped 431% in May on the year to 544.1 tons, while gold imports fell 25% to 30.5 tons, trade ministry data showed.
(Reuters)
Source: Government of India
Source: Government of India (4)
PMKVY has evolved from a large-scale training initiative into a dynamic tool for national development. After its initial pilot skilled almost 20 lakh candidates, PMKVY 2.0 expanded to strategically support the ‘Make in India’ and ‘Digital India’ campaigns, training 1.10 crore candidates. PMKVY 3.0 focused on precision-targeted training, seamlessly aligning with the National Education Policy and rapidly equipping COVID-19 frontline workers to meet the nation’s most urgent needs. This phase integrated training modules such as the Customised Crash Course Programme for COVID Warriors (CCCP for CW) and the Skill Hub Initiative (SHI), which mainstreamed vocational training with general education as envisaged under the National Education Policy, 2020. Under PMKVY 4.0, over 25 lakh candidates have been trained in the last three years, bringing the total number of trained candidates to 1.63 crore. The training imparted under PMKVY makes candidates employable in diverse industries like manufacturing, construction, healthcare, IT, electronics, and retail.
Since its inception in 2015, PMKVY has steadily evolved into a key pillar of the Skill India Mission (SIM), aiming to bridge the gap between youth aspirations and employability through structured, industry-aligned training. The programme has expanded far beyond short-term courses, now encompassing apprenticeships, entrepreneurship support, global workforce readiness, and traditional crafts preservation.
As of July 11, over 25 lakh youth have been trained under PMKVY 4.0—the latest phase of the scheme—reflecting a significant leap toward preparing India’s youth for both domestic and international job markets. This version of the programme integrates cutting-edge features like digital tracking, AI-based analytics, credit portability through the Academic Bank of Credits, and links with the Skill India Digital Hub to provide a seamless experience connecting training, education, and employment.
An Integrated Approach to Skill Development
The broader Skill India Mission was restructured in 2022 to unify PMKVY, the National Apprenticeship Promotion Scheme (PM-NAPS), and the Jan Shikshan Sansthan (JSS) scheme under a single framework, enhancing operational efficiency and maximising outreach across both urban and rural areas.
PMKVY began as a pilot in 2015–16, training nearly 20 lakh individuals. It scaled up significantly with PMKVY 2.0, aligning with national missions such as Make in India, Swachh Bharat, and Digital India. The subsequent version, PMKVY 3.0, responded to emerging challenges, launching initiatives like the Skill Hub (aligned with NEP 2020) and a crash course programme for frontline COVID-19 workers, training over 1.2 lakh health personnel.
Inclusion and Innovation at the Core
At the heart of PMKVY lies an unwavering focus on inclusion. Nearly 45% of the trained candidates are women, with strong representation from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC). The scheme also undertook region- and community-specific projects: training Bru-tribe youth in Tripura, vocational programmes for prison inmates in Assam and Manipur, and upskilling women in Jammu & Kashmir through Namda craft revival initiatives.
PMKVY’s Recognition of Prior Learning (RPL) component has played a crucial role in certifying the skills of informal sector workers—especially artisans and weavers in J&K and Nagaland—without the need for extended training, boosting their mobility in the job market.
Balancing Heritage with Future-Ready Skills
One of PMKVY’s defining strengths has been its dual focus—preserving traditional skills while embracing future technologies. Beneficiaries are being equipped for careers in manufacturing, healthcare, electronics, retail, and IT, but increasingly also in emerging fields like drones, mechatronics, AI, and the Internet of Things.
In this effort, Centres of Excellence launched at National Skill Training Institutes (NSTIs) in Hyderabad and Chennai in June 2025 are set to become national reference points for high-quality instructor training and specialised skilling.
Complementary Schemes Expanding the Skilling Ecosystem
The momentum created by PMKVY has been bolstered by several complementary schemes. The PM Vishwakarma Yojana, launched in 2023, aims to support artisans from 18 traditional trades with training, toolkits, credit access, and marketing support. As of July 2025, over 2.7 crore applications have been received, with 29 lakh registrations completed.
Meanwhile, the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), which targets rural youth, has trained nearly 17 lakh individuals since its launch in 2014, with over 11 lakh successfully placed in employment. Rural Self Employment Training Institutes (RSETIs), operated in partnership with banks, have trained more than 56 lakh people this financial year alone, fostering entrepreneurship in rural India.
Source: Government of India
Source: Government of India (4)
Bitcoin surpassed $120,000 for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.
Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4% higher around $122,000.
Later in the day, the U.S. House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded.
Those demands have resonated with U.S. President Donald Trump, who has called himself the “crypto president” and urged policymakers to revamp rules in favour of the industry.
“It’s riding a number of tailwinds at the moment,” said IG market analyst Tony Sycamore, citing strong institutional demand, expectations of further gains and support from Trump as reasons for the bullishness.
“It’s been a very, very, strong move over the past six or seven days and it’s hard to see where it stops now. It looks like it can easily have a look at the $125,000 level,” he said.
The surge in bitcoin, which is up 30% so far this year, has sparked a broader rally across other cryptocurrencies over the past few sessions even in the face of Trump’s chaotic tariff policies.
Ether, the second-largest token, scaled a more than five-month peak of $3,059.60, while XRP and Solana gained about 3% each.
The sector’s total market value has swelled to about $3.81 trillion, according to data from CoinMarketCap.
“What we find interesting and are watching closely are the signs that bitcoin is now being seen as a long-term reserve asset, not just by retail investors and institutions but even some central banks,” said Gracie Lin, crypto exchange OKX’s Singapore CEO.
“We’re also seeing increasing participation from Asia-based investors, including family offices and wealth managers. These are strong signs of bitcoin’s role in the global financial system and the structural shift in how it is perceived, suggesting that this isn’t just another hype-driven rally,” Lin said.
Earlier this month, Washington declared the week of July 14 as “crypto week,” during which members of Congress are set to vote on the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.
The most significant bill is the Genius Act, which would create federal rules for stable coins.
Elsewhere, prices of crypto stocks and exchange traded funds advanced.
In U.S. premarket trading, shares of crypto exchange Coinbase surged 1.7%, while bitcoin holder Strategy climbed 3.3%. Crypto miner Mara Holdings jumped 4.6%.
Hong Kong listed spot bitcoin ETFs launched by China AMC, Harvest and Bosera all hit record highs.
(Reuters)
Source: Government of India
Source: Government of India (4)
Bitcoin surpassed $120,000 for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.
Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4% higher around $122,000.
Later in the day, the U.S. House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded.
Those demands have resonated with U.S. President Donald Trump, who has called himself the “crypto president” and urged policymakers to revamp rules in favour of the industry.
“It’s riding a number of tailwinds at the moment,” said IG market analyst Tony Sycamore, citing strong institutional demand, expectations of further gains and support from Trump as reasons for the bullishness.
“It’s been a very, very, strong move over the past six or seven days and it’s hard to see where it stops now. It looks like it can easily have a look at the $125,000 level,” he said.
The surge in bitcoin, which is up 30% so far this year, has sparked a broader rally across other cryptocurrencies over the past few sessions even in the face of Trump’s chaotic tariff policies.
Ether, the second-largest token, scaled a more than five-month peak of $3,059.60, while XRP and Solana gained about 3% each.
The sector’s total market value has swelled to about $3.81 trillion, according to data from CoinMarketCap.
“What we find interesting and are watching closely are the signs that bitcoin is now being seen as a long-term reserve asset, not just by retail investors and institutions but even some central banks,” said Gracie Lin, crypto exchange OKX’s Singapore CEO.
“We’re also seeing increasing participation from Asia-based investors, including family offices and wealth managers. These are strong signs of bitcoin’s role in the global financial system and the structural shift in how it is perceived, suggesting that this isn’t just another hype-driven rally,” Lin said.
Earlier this month, Washington declared the week of July 14 as “crypto week,” during which members of Congress are set to vote on the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.
The most significant bill is the Genius Act, which would create federal rules for stable coins.
Elsewhere, prices of crypto stocks and exchange traded funds advanced.
In U.S. premarket trading, shares of crypto exchange Coinbase surged 1.7%, while bitcoin holder Strategy climbed 3.3%. Crypto miner Mara Holdings jumped 4.6%.
Hong Kong listed spot bitcoin ETFs launched by China AMC, Harvest and Bosera all hit record highs.
(Reuters)
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
NEW DELHI, July 14 (Xinhua) — At least nine people were killed and 11 others injured after a truck carrying mangoes overturned in India’s southern Andhra Pradesh state, police said on Monday.
The accident occurred on Monday night, about 387 km southwest of Andhra Pradesh’s capital Amaravati.
“The accident occurred when a truck lost control and overturned. The truck was carrying mangoes weighing about 40 tonnes and there were 20 workers sitting on top,” a police official said.
When the truck overturned, crates of mangoes fell on workers, causing casualties and injuries, police said.
After the accident, local residents and rescuers arrived at the scene to conduct a rescue operation and took the victims to the hospital.
The cause of the accident is being investigated. Police suspect that overloading was the cause of the accident, but the driver who survived the accident said that he lost control while trying to avoid a collision with a car traveling in the opposite direction. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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