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Time of India
7 minutes ago
- Business
- Time of India
Steel Exchange India plans to develop cargo terminal, multi-modal logistics park in Vizag
Steel Exchange India on Thursday said it has signed an agreement with two entities to explore the development of a cargo terminal and multi-modal logistics park (MMLP) in Andhra Pradesh. The collaboration aims to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam (Vizag) in the state, Steel Exchange India Ltd (SEIL) said in a statement. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "Steel Exchange India announces a strategic non-binding collaboration with Vizag Profiles Logistics (VPL) and Hind Terminals (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam," it said. The collaboration is a strategic step forward in efforts to expand beyond steel manufacturing and strengthen the company's presence in infrastructure and logistics, Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited, said. Part of the Vizag Profiles Group, SEIL operates an integrated steel plant and power unit at Vizianagaram near Visakhapatnam. During the June quarter, the company received a contract of Rs 210 crore from state-owned RINL for the conversion of 1.2 LTPA (lakh tonnes per annum) billets to TMT rebars.
Time of India
an hour ago
- Business
- Time of India
US expects $50 billion a month in tariff revenues, US Commerce chief Lutnick says
U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country to collect $50 billion a month in tariff revenues or more - up from $30 billion last month - as higher levies on imports from dozens of countries kick in. "And then you're going to get the semiconductors, you're going to get pharmaceuticals, you're going to get all sorts of additional tariff money coming in," Lutnick said in an interview with Fox Business Network. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program U.S. President Donald Trump's higher tariffs on imports from dozens of countries took effect on Thursday, raising the average U.S. import duty to its highest in a century, with countries facing tariffs of 10% to 50%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist: The Best Method for a Flat Stomach After 50 (It's Genius!) Lulutox Undo Trump on Wednesday also announced plans to levy a tariff of about 100% on imported semiconductor chips Live Events unless manufacturers commit to produce in America, as well as a small tariff on pharmaceutical imports that would rise to 250% over time. Details of those sectoral tariffs are expected in coming weeks after the Commerce Department completes investigations into the impact of those imports on U.S. national security. Lutnick told Fox Business Network that companies could win exemptions from the expected semiconductor tariff if they filed plans to build plants in the United States, and those plans were overseen by an auditor. "His objective is to get semiconductor manufacturing done here," he said, predicting that the initiative would result in some $1 trillion in investment to bolster domestic manufacturing. Other exemptions have already been agreed, including with the European Union, which said its agreement to accept a 15% tariff on most EU exports includes chips, and with Japan, which has said the United States agreed not to give it a worse rate than other countries. The push to boost domestic chip manufacturing is not new. Congress created a $52.7 billion semiconductor manufacturing and research subsidy program in 2022 under former President Joe Biden, and all five leading-edge semiconductor firms agreed last year to locate chip factories in the U.S. Last year the department said the U.S. produced about 12% of semiconductor chips globally, down from 40% in 1990. Lutnick, asked about separate talks underway with China on extending a tariff truce that is due to end on August 12, said he felt an agreement was possible. "I think we're going to leave that to the trade team and to the president to make those decisions, but it feels likely that they're going to come to an agreement and extend that for another 90 days, but I'll leave it to that team."
Time of India
an hour ago
- Time of India
Kapil Sharma's cafe in Canada shot at again; police find 6 bullet holes, shattered windows
What started as a celebrity-backed café launch in Canada has now turned into a worrying headline. Kap's Café, owned by comedian and TV star Kapil Sharma , is making news again—not for its food, but for a fresh round of violence. The popular Surrey-based eatery has been shot at for the second time in less than a month, leaving both locals and fans shaken. The situation is tense, and investigations are now pointing in a disturbing direction. According to TOI, which cited local media reports, the latest shooting took place early Thursday morning at the café located near 85 Avenue and Scott Road in Surrey. When police arrived, they found at least six bullet holes and broken glass windows at the scene. Locals told the press they were jolted awake by the sound of multiple gunshots. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program This attack follows a previous shooting incident at the same café in early July, just days after it opened. In that case, bullets were fired while some staff were inside, but thankfully, no injuries were reported. No arrests have been made in either case, and the motive behind the violence remains officially unknown. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Is Why Smart People Put Baking Soda in Their Shampoo Read More Undo However, things took a darker turn this time when media reports revealed that the notorious Lawrence Bishnoi gang had allegedly claimed responsibility for Thursday's attack. Authorities have not confirmed this claim yet, but the gang's possible involvement has triggered fresh concerns in the region. Kapil Sharma, best known for Comedy Nights with Kapil and The Kapil Sharma Show, has not yet made any public statement about the incident. The Surrey Police Service (SPS) continues to investigate the matter, with more updates expected soon.
Time of India
an hour ago
- Business
- Time of India
Sturgeon Moon 2025: Rare two-night celestial delight this weekend
Stargazers in the United States are in for a rare treat this weekend as August's full moon, known as the Sturgeon Moon, stages a stunning two-night spectacle on August 8 and 9. Unlike typical full moon phases, which peak on a single evening, this month's lunar event offers two near-identical opportunities to view the moonrise in full glory across much of North America. Why August's Full Moon is Different This Year Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Traditionally, the best time to witness a full moonrise is on the evening the moon reaches its fullest phase. This month, however, the August full moon officially peaks at 3:55 a.m. ET on Saturday, August 9, a timing that allows for something rare, two successive nights of virtually identical moonrises just after sunset, as mentioned in a report by LiveScience. What makes this possible is a unique combination of lunar orbit and seasonal positioning. Typically, the moon rises about 50 minutes later each day, but in August, that delay shortens to roughly 30 minutes due to the moon's low trajectory in the southern sky as seen from mid-northern latitudes. This compressed window between moonrises means both Friday and Saturday evening moonrises will occur during civil twilight, offering picturesque conditions. August Full Moon 2025: When and Where to Watch in the U.S. In New York City, the Sturgeon Moon will rise at 8:03 p.m. ET on Friday, August 8, just a minute after sunset, painting the eastern horizon in golden hues as darkness falls. On Saturday, August 9, moonrise is expected at 8:32 p.m. ET, still within the dusk period and only 28 minutes after sunset, as per the LiveScience report. Live Events This phenomenon is not limited to the East Coast. Across the continental U.S., similar viewing windows will be available both evenings, provided skies remain clear. Residents are advised to check local moonrise times for the most accurate viewing. While the naked eye is perfectly suitable for enjoying the moonrise, astronomy enthusiasts equipped with binoculars or small telescopes will be rewarded with intricate views of the moon's cratered surface. The Sturgeon Moon 2025 August's full moon derives its popular name, the Sturgeon Moon, from the abundance of sturgeon fish in the Great Lakes during late summer. Indigenous communities and cultural institutions across North America have bestowed other names upon it as well. According to the Center for Native American Studies, the Anishinaabeg people call it the Wild Rice Moon, referring to the seasonal ripening of wild rice, a staple crop. NASA notes other alternative names such as the Green Corn Moon and the Grain Moon, each reflecting the agricultural rhythms of different tribal regions. August Full Moon 2025: Astronomical Context and What Follows Following this weekend's lunar event, the Corn Moon is expected to rise on Sunday, September 8. Although this will be a more conventional full moon occurrence for North America, regions such as Asia, Australia, and the Pacific Islands will witness a total lunar eclipse that same night. During the eclipse, the moon will be bathed in a reddish hue, often referred to as a "blood moon", for approximately 82 minutes. Unfortunately for U.S. viewers, this eclipse will not be visible, as the continent will be on the sunlit side of the Earth. Sturgeon Moon 2025: A Chance for Collective Wonder Amid fast-paced lives and digitally driven distractions, moments like the Sturgeon Moon offer a valuable pause, a chance to connect with the rhythms of the natural world. Whether you are a seasoned astronomer or a casual observer, this rare two-night full moon affair provides a perfect occasion to look up, reflect, and marvel at the timeless beauty of our nearest celestial neighbor. Tips for Moon Gazers For those planning to view the Sturgeon Moon, here are a few practical recommendations: Arrive Early: Settle into your chosen viewing location at least 15–20 minutes before moonrise to adjust your eyes and take in the changing colors of dusk. Use a Foreground: Framing the moonrise with trees, buildings, or water bodies can enhance the experience and provide stunning photography opportunities. Check Local Conditions: Cloud cover and haze can significantly impact visibility. Monitor weather apps for regional forecasts. Bring Binoculars or Telescopes: Even low-magnification tools can reveal remarkable detail on the lunar surface, including maria, craters, and highlands. Keep a Journal: For families and enthusiasts, documenting moonrises and comparing changes in color, size, and texture can make for a rewarding and educational tradition. This year's Sturgeon Moon isn't just another full moon; it's a rare two-night celestial performance that unites sky watchers across states and time zones. Whether viewed from a city rooftop, a quiet park bench, or a lakeside dock, the August moonrise offers a fleeting yet unforgettable connection to the cosmos. So mark your calendars, check your moonrise times, and don't miss this opportunity to witness one of nature's most beautiful, and rare, shows of the year. FAQs What is the Sturgeon Moon? The Sturgeon Moon is the traditional name for August's full moon, named after the abundance of sturgeon fish in the Great Lakes during late summer. It also carries alternative names like Wild Rice Moon, Green Corn Moon, and Grain Moon, reflecting seasonal changes and indigenous traditions. Why is this year's full moon special? Unlike typical full moons that peak on a single night, August's full moon peaks at 3:55 a.m. ET on August 9, allowing for two back-to-back moonrises during civil twilight (shortly after sunset), with nearly identical appearances.
Time of India
an hour ago
- Business
- Time of India
Apollo Tyres reports net profit of Rs 12.8 cr for Q1
Apollo Tyres on Thursday posted a consolidated net profit of Rs 12.8 crore for the June quarter on one-time expense of Rs 368.5 crore for the restructuring process. The tyremaker reported a net profit of Rs 302 crore in the June quarter of last fiscal. Without exceptional item, the company said its net profit stood at Rs 381 crore. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Revenue from operations in the quarter rose to Rs 6,561 crore as compared with Rs 6,335 crore in the year-ago period, Apollo Tyres said in a statement. Indian operations reported a steady growth in revenue, while European operations performed well under challenging conditions and in traditionally, one of their seasonally lower quarters, it added. "This quarter's results reflect solid execution and a focus on profitable growth. It's encouraging to see Indian operations performing in line with expectations -- driven particularly by strong momentum in the aftermarket segment," Apollo Tyres Chairman Onkar Kanwar said. Live Events The results underscore the resilience of the company's business model and ability to create long-term value for shareholders, he added. Shares of the tyremaker ended marginally up at Rs 435.95 apiece on BSE.
