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President Trump's indication of an early Federal Reserve chair nomination, potentially before Jerome Powell's term concludes in 2026, has stirred market anxieties. Investors fear this move could compromise the Fed's independence, leading to conflicting monetary policy signals. Experts warn that a politically influenced appointment might destabilize markets, emphasizing the importance of maintaining the Fed's autonomy.
Asian markets presented a mixed performance as geopolitical tensions in the Middle East and uncertainty surrounding potential US military action against Iran fueled investor caution. Crude oil prices increased due to concerns about supply disruptions. Central banks, including the Bank of England, are holding steady on interest rates, citing risks from the Israel-Iran conflict.
Following the Air India Boeing 787 Dreamliner crash, fares have significantly decreased on both domestic and international routes, with some routes experiencing drops of up to 24%. Air India CEO Campbell Wilson stated that the crashed aircraft had undergone recent checks and monitoring, showing no prior issues.
India's aviation sector anticipates continued growth in FY2026, with domestic air passenger traffic projected to rise by 7–10%, reaching 175-181 million. Despite this surge and a 16.8% recovery above pre-pandemic levels, the industry is expected to face net losses of Rs 20,000–30,000 crore due to high operating costs, including aviation fuel prices and lease obligations.
The rupee strengthened to 86.59 against the US dollar, driven by lower crude oil prices, a weaker dollar, and strong domestic equities. Foreign fund inflows and positive sentiment surrounding the upcoming HDB Financial IPO further supported the rupee's rise. The Sensex and Nifty also saw significant gains, while foreign institutional investors were net buyers.
Isro-HAL deal: HAL bags SSLV tech transfer from ISRO, beating Adani-backed Alpha Design Technologies, BDL-led consortia
https://timesofindia.indiatimes.com/business/india-business/hal-bags-sslv-tech-transfer-from-isro-beating-adani-backed-bdl-led-consortia/articleshow/121974475.cms
Hindustan Aeronautics Limited (HAL) has secured the bid for the transfer of technology for ISRO's Small Satellite Launch Vehicle (SSLV). ISRO will support HAL for two years, during which HAL will produce two SSLVs using the existing design. HAL will then be able to modify the design and integrate its own vendors from the third rocket onwards.
2025/07/05 06:48:07
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