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Japanese markets loose ground over economic data

Japanese markets loose ground over economic data

Japanese markets lost ground as the yen extended gains against a basket of rivals after the release of hot Tokyo inflation data, which boosted the odds of a rate hike in June.
Investors also digested other important data on factory output, retail sales and unemployment. The Nikkei average fell 1.22 percent to 37,965.10, while the broader Topix index settled 0.37 percent lower at 2,801.57.
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Maruti Suzuki and JETRO collaborate to facilitate business opportunities for startups from India and Japan
Maruti Suzuki and JETRO collaborate to facilitate business opportunities for startups from India and Japan

Hans India

time8 hours ago

  • Hans India

Maruti Suzuki and JETRO collaborate to facilitate business opportunities for startups from India and Japan

Maruti Suzuki India Limited ('Maruti Suzuki') has signed a Memorandum of Understanding ('MoU') with the Japan External Trade Organization ('JETRO'), to promote innovation and facilitate business opportunities for startups from India and Japan. The MoU was formally exchanged between Dr. Tapan Sahoo, Executive Officer, Digital Enterprise, Maruti Suzuki and Mr. Takashi Suzuki, Chief Director General, JETRO India in the presence of Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki. Under the MoU, Maruti Suzuki and JETRO will collaborate to support startups based in India to access the startup and innovation ecosystem of Japan, similarly, startups based in Japan will get an opportunity to access the startup and innovation ecosystem of India. In addition, Maruti Suzuki and JETRO will work with each other to facilitate the participation and networking of startups in appropriate activities or events, connecting them with relevant partners. Startups chosen through Maruti Suzuki's four innovation programs:1) Accelerator, 2) Incubation, 3) Mobility Challenge and 4) Nurture, will be eligible to participate in these events. Startups from Japan can explore the Indian startup ecosystem by participating through JETRO. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, 'Startups are key drivers of innovation and economic growth. Through our multi-format innovation programs, we have been engaging with startups in India to co-create technology-driven solutions relevant to the automobile manufacturing and mobility space. We see great potential in Indian startups, and with this MoU with JETRO, we will be able to provide a platform for these promising startups to explore the Japanese business landscape.' Takashi Suzuki, Chief Director General, JETRO India said, 'Maruti Suzuki stands as one of the finest examples of the successful partnership between India and Japan. With this MoU, we are creating opportunities for even more fruitful business collaborations between our two nations. This MoU aims to foster innovation, drive economic growth, and further strengthen the deep- rooted ties between India and Japan.'

India's first-ever bullet train trial for Mumbai-Ahmedabad High Speed Rail Corridor begins in this country, set to arrive in India in...
India's first-ever bullet train trial for Mumbai-Ahmedabad High Speed Rail Corridor begins in this country, set to arrive in India in...

India.com

time8 hours ago

  • India.com

India's first-ever bullet train trial for Mumbai-Ahmedabad High Speed Rail Corridor begins in this country, set to arrive in India in...

India's First Bullet Train Project, the Mumbai-Ahmedabad High Speed Rail corridor, spanning across 508 kilometres, will offer fast connectivity between Maharashtra and Gujarat states in western India. In a landmark move to revolutionize India's railway network, the inaugural Shinkansen bullet trains, integral to the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, have entered the trial phase in Japan. This progress represents a significant milestone in India's path toward launching its first high-speed rail corridor. As per a report by The Financial Express, under the Indo-Japanese partnership, Japan will gift India two Shinkansen bullet trains — one each from the E5 and E3 series — for early testing and checks. These high-speed trains, which can run at speeds of up to 320 km/h, are expected to reach India by early 2026. After their arrival, the trains will go through detailed testing to see how well they perform in India's local weather and climate conditions. The trial trains come fitted with advanced inspection systems to check key factors like driving conditions, temperature tolerance, and dust resistance — all of which are important for running bullet trains smoothly in India. As reported by The Japan Times, the information gathered from these tests will also support India in developing its own next-generation E10 series Shinkansen trains under the 'Make in India' initiative. The bullet train project, in partnership with Japan is a significant move towards the country's infrastructure development and is expected to boost regional connectivity, economic development, and employment in the western states of Gujarat and Maharashtra. MAHSR is a visionary project of the government which will herald a new era of safety, speed and service for the people and help Indian Railways become an international leader in scale, speed and skill. MAHSR project passes through high growth rate States of Gujarat and Maharashtra connecting business centres of Mumbai, Surat, Vadodara and Ahmedabad. According to news agency ANI report, the sanctioned cost of MAHSR project is Rs 1,08,000 crore As per the official website of National High Speed Rail Corporation Limited (NHSRCL), after starting from Bandra Kurla Complex (BKC) area in Maharashtra, the high-speed train running at a speed of 320 km/h will revolutionise intercity travel in the region and will integrate the economies of Mumbai, Vapi, Surat, Anand, Vadodara & Ahmedabad. It will have stops at 10 cities in between namely Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and will terminate at Sabarmati. The entire journey will be completed in about 2 hours 7 minutes with limited stops (at Surat, Vadodara and Ahmedabad), which is substantially less than the time taken by conventional trains or road journeys. The design of each of the 12 stations on the MAHSR line will reflect the spirit of the city it is located in.

Trump tells US steelworkers he's going to double tariffs on foreign steel to 50%
Trump tells US steelworkers he's going to double tariffs on foreign steel to 50%

New Indian Express

time11 hours ago

  • New Indian Express

Trump tells US steelworkers he's going to double tariffs on foreign steel to 50%

WEST MIFFLIN, Pa.: President Donald Trump on Friday told Pennsylvania steelworkers he's doubling the tariff on steel imports to 50% to protect their industry, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he added that aluminum tariffs would also be doubled to 50%. He said both tariff hikes would go into effect Wednesday. Trump spoke at US Steel's Mon Valley Works–Irvin Plant in suburban Pittsburgh, where he also discussed a details-to-come deal under which Japan's Nippon Steel will invest in the iconic American steelmaker. Trump told reporters after he arrived back in Washington that he still has to approve the deal. 'I have to approve the final deal with Nippon and we haven't seen that final deal yet, but they've made a very big commitment and it's a very big investment,' he said. Though Trump initially vowed to block the Japanese steelmaker's bid to buy Pittsburgh-based US Steel, he reversed course and announced an agreement last week for 'partial ownership' by Nippon. It's unclear, though, if the deal his administration helped broker has been finalized or how ownership would be structured. Nippon Steel has never said it is backing off its bid to outright buy and control US Steel as a wholly owned subsidiary, even as it increased the amount of money it promised to invest in US Steel plants and gave guarantees that it wouldn't lay off workers or close plants as it sought federal approval of the acquisition.

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