BUSINESS

Powell resists Trump pressure: Fed chair tells House panel ‘we are well positioned to wait’, says more economic clarity needed

Federal Reserve Chair Jerome Powell indicated the central bank's intent to hold steady on interest rates, prioritizing further economic data analysis before contemplating any reductions. This stance directly contradicts President Trump's renewed calls for immediate rate cuts. Powell is set to face potentially challenging hearings on Capitol Hill, addressing monetary policy and economic concerns amid increasing political pressure.

TIMES OF INDIA
8 hours ago
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BUSINESS

Tata Motors says JLR ready for supply shocks, no US plant despite tariff hit; Avinya EVs delayed to late 2025

Tata Motors Group's JLR is navigating global supply chain disruptions, leveraging lessons from the semiconductor shortage. Despite US tariff hikes, JLR has no plans for US manufacturing, mitigating impact through market adjustments and ...more

TIMES OF INDIA
3 hours ago
BANKING

Govt cancels order to promote Pankaj Dwivedi to ED, Union Bank of India, makes him general manager

Case pending against Dwivedi in the Delhi High Court likely triggered move

THE HINDU BUSINESS LINE
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