EU-Sanctioned Nayara Energy Set to Receive Iraqi Crude This Week
The Kalliopi, a very-large crude carrier, is currently heading to Vadinar port with about two million barrels of Iraqi crude, according to shipbrokers and ship-tracking data. The shipment, which is expected to arrive late on July 28, is meant for Nayara, the shipbrokers added.
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CNBC
13 minutes ago
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CNBC Daily Open: Investors are signaling it's time for tariffs to move aside
Stock markets in the U.S. and Europe didn't seem that delighted with the U.S.-European Union trade deal reached over the weekend. The S&P 500 ticked up, but by the barest margin, while the Stoxx Europe 600 fell. Both indexes were trading higher during their respective sessions but had given up those gains as the day ended. For those on the continent, perhaps there was a dawning realization that the agreement wasn't too much in their favor. German Chancellor Friedrich Merz said he would have welcomed further easing of trade, while France's minister for Europe, Benjamin Haddad, said the deal was "unbalanced," according to a Google translation. With U.S. President Donald Trump announcing Monday that he would probably impose a blanket tariff of between 15% and 20% on countries without trade agreements, it's starting to seem like most duties will settle around that level eventually, easing some uncertainty. What's more, economists appear to be revising downward their expectations of the impact tariffs will have on the U.S. economy — so any deals in the future might not trigger rallies, or strong ones at least, on Wall Street. Tariff considerations, then, are on the backburner for now. Investors can turn their attention to Magnificent Seven earnings and data on the U.S. economy coming out the next few days. If all goes well, they might give markets the cheer that was missing on Monday. Global baseline tariff of between 15% and20%. For countries that have not negotiated separate trade agreements with the U.S., Trump said he would likely impose that blanket tariff rate on their exports. But Wall Street doesn't seem as frightened of tariffs anymore. Less than two weeks for Russia to reach a peace deal with Ukraine. That's the new deadline Trump issued to Moscow — if Russia fails to meet it, the U.S. president will implement massive "secondary tariffs" on the country's trade partners, Trump said. India has exported more smartphones to the U.S. than China. In the second quarter, 44% of U.S. smartphone imports were assembled in India, while 25% were from China, according to research firm Canalys. India's and China's share a year earlier were 13% and 61%, respectively. A muted response to the EU deal. On Monday, the S&P 500 closed mostly flat, giving up earlier gains. Asia-Pacific markets fell Tuesday. Shares of Singapore Airlines lost as much as 8% after the carrier reported a 59% slump in profit for its fiscal first quarter. [PRO] Watch this index for signs of a new bull phase. This index, which is calculated differently from the price-weighted S&P 500, gives a better gauge of the health of the entire economy and stock market. China's latest AI model claims to be even cheaper to use than DeepSeek Chinese startup formerly known as Zhipu, announced Monday that its new GLM-4.5 AI model would cost less than DeepSeek to use. At about half the size of DeepSeek's model, GLM-4.5 only needs eight Nvidia H20 chips to operate, CEO Zhang Peng told CNBC on Monday. In late June, OpenAI named Zhipu in a warning about Chinese artificial intelligence progress. The U.S. has also added the startup to its entity list that restricts American companies from doing business with it. —
Yahoo
35 minutes ago
- Yahoo
Indian Railways tests nation's first hydrogen-powered locomotive
Indian Railways has successfully tested a hydrogen-powered locomotive, the nation's first such initiative, at the Integral Coach Factory (ICF) in Chennai, according to Railway Minister Ashwini Vaishnaw. Vaishnaw announced the milestone on social media, stating: 'First hydrogen-powered coach (Driving Power Car) successfully tested at ICF, Chennai. 'India is developing a 1,200HP hydrogen train. This will place India among the leaders in hydrogen-powered train technology.' The hydrogen locomotive is a key part of Indian Railways' 'Hydrogen for Heritage' initiative, which aims to deploy 35 hydrogen-powered trains on heritage and hill routes across the country. The estimated cost for each train is approximately Rs800m ($9.24m), with an additional Rs700m required for supporting ground infrastructure per route. Indian Railways has embarked on a pilot project to retrofit an existing Diesel Electric Multiple Unit (DEMU) with a hydrogen fuel cell. The initiative, which encompasses the establishment of ground infrastructure, is being executed with an investment of Rs1.1bn and is scheduled to operate along the Jind–Sonipat route within the Northern Railway network. Initial assessments indicate that running hydrogen-fuelled trains in India may incur greater expenses, but these costs are anticipated to fall as the number of hydrogen-powered trains increases. The use of hydrogen as a fuel is a key component of India's strategy to shift towards cleaner energy, given its advantage of producing no carbon emissions. Indian Railways has signed a memorandum of understanding (MoU) with the Dedicated Freight Corridor Corporation of India (DFCCIL) to implement an AI-based train safety system. This system aims to enhance the monitoring of rolling stock health, signalling a move towards advanced technology integration for service efficiency and maintenance automation. "Indian Railways tests nation's first hydrogen-powered locomotive" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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Canara HSBC Life Insurance Launches SecureInvest- A Unit-linked Plan Offering Life Cover up to 100x of Annualised Premium
SecureInvest Rewards Long-Term Commitment with Loyalty Additions and Maturity BoostersTailored for Every Life Stage: Choose Between SecureInvest Choice Option and SecureInvest Forever Option NEW DELHI, July 29, 2025 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ('Canara HSBC Life Insurance'), today announced the launch of its latest product 'SecureInvest,' (UIN: 136L092V01) a non-participating, Unit Linked Individual Life Insurance Savings Plan designed to align with the evolving financial goals and life stages of policyholders. SecureInvest combines high life cover offering up to 100 times of the Annualized Premium with the potential for market-linked growth. Speaking on the launch, Mr. Rishi Mathur, Chief Distribution Officer- Alternate Channels and Chief Marketing Officer, Canara HSBC Life Insurance said, "At Canara HSBC Life Insurance, we understand that life is full of promises, to grow, to protect, and to leave a legacy. To ensure these promises are met, we have crafted this plan tailored to every stage of the policyholder's life. SecureInvest reflects our continued focus on creating meaningful solutions for our customers. This plan blends substantial life cover, investment growth, and long-term value creation- all in one offering designed to evolve with the customer's financial journey." This plan is packed with consumer-friendly features. Policyholders are rewarded for their long-term commitment with Loyalty Additions starting at the end of the 10th policy year and recurring every 5th year thereafter, along with Maturity Boosters at the end of the policy term. Policyholders may also benefit from tax advantages on premiums paid and benefits received, as per prevailing tax laws. SecureInvest comes with two plan options, catering to different life goals: SecureInvest Choice– Offers life cover during the policy term, plus the accumulated fund value on maturity. SecureInvest Forever – Extends protection up to age 85, making it ideal for those who wish to build a legacy for their loved ones. The plan also includes 12 fund choices, six portfolio management strategies, and features like partial withdrawals, premium redirection, and fund switching offering policyholders' greater control over their investments. About Canara HSBC Life Insurance: Incorporated in 2007, Canara HSBC Life Insurance Company Limited is promoted by Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited. Punjab National Bank is also a shareholder of the Company. As a bancassurance led insurance company with its corporate office at Gurugram, Haryana and more than 100 branch offices as of the date of the DRHP (defined below), pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks. For more than 17 years now, the Company sells and services customers through multiple channels and well diversified network of Canara Bank and the Indian branch of the Hongkong and Shanghai Banking Corporation Limited in multiple cities across the country. The Company has a vast portfolio of life insurance solutions and offers various products across individual and group space comprising of life, health, term plans, retirement solutions, credit life and employee benefit segments through partner banks, digital, and direct field force. With an aim to provide simpler insurance and faster claim process, the Company intends to keep the promises of their customers alive with their 'Promises Ka Partner' philosophy. Canara HSBC Life Insurance Company Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus dated April 28, 2025 ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of the Company at the SEBI at the website of National Stock Exchange of India Limited at and the website of BSE Limited at and the respective websites of the Lead Managers at and Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which may be filed with the Registrar of Companies, Delhi and Haryana at New Delhi, in the future, including the section titled "Risk Factors". Potential investors should not rely on the DRHP filed with the SEBI, but should instead rely only on the RHP, in making any investment decision. The equity shares proposed to be offered in the initial public offering may not be offered or sold in the United States except pursuant to an exemption from, or in transactions not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended. There will be no public offer of securities in the United States. Logo: View original content to download multimedia:
