Latest news with #INR
New York Times
2 hours ago
- Business
- New York Times
State Dept. Layoffs Hit Russia and Ukraine Analysts
Among the roughly 1,350 workers laid off at the State Department last week were senior analysts in the bureau of intelligence, including people who specialize in Russia and Ukraine, according to several current and former U.S. officials. The firings mean a loss of expertise as President Trump renews his efforts to settle the war between Russia and Ukraine, one of his top foreign policy goals. On Monday, Mr. Trump announced a new plan to send arms to Ukraine and threatened harsh economic penalties against Russia unless it agreed to a cease-fire. The layoffs were among several at the department's Bureau of Intelligence and Research, commonly known as INR. The bureau employs no spies and does not conduct surveillance of its own, but provides analysis about world events to help guide U.S. diplomacy. It is unclear how many intelligence analysts were dismissed on Friday, and the bureau still retains workers who will focus on Russia and Ukraine after the merger of two offices within INR. Ellen McCarthy, a former State Department official who led the bureau for two years during Mr. Trump's first term, said that paring jobs from it was 'shortsighted.' 'This isn't just about jobs, it's about weakening a critical capability at exactly the wrong time,' Ms. McCarthy wrote in a post on LinkedIn. 'The world is more complex, more volatile, and more interconnected than ever.' She added: 'We should be investing in INR, not shrinking it.' Want all of The Times? Subscribe.
Hans India
8 hours ago
- Automotive
- Hans India
Yamaha Launches FZ-X Hybrid Motorcycle with Color TFT Meter and Turn by Turn Navigation
India Yamaha Motor (IYM) today announced the introduction of the 2025 FZ-X model with its distinct Hybrid Engine Technology, Colour TFT Meter and Turn-By-Turn (TBT) Navigation system, adding more convenience and further elevating the premium experience for riders. The 2025 FZ-X model, equipped with Hybrid Engine, is available in Matte Titan colour and is priced at INR 1,49,990 (ex-showroom, Delhi). Yamaha's Hybrid Engine introduces advanced features like the Smart Motor Generator (SMG) and Stop & Start System (SSS). These technologies provide quieter starts, battery-assisted acceleration, and improved fuel efficiency by automatically shutting off the engine at idle and restarting with a quick clutch action. Adding to the appeal of new FZ-X Hybrid, there is a 4.2-inch full-colour TFT instrument cluster that effortlessly connects to smartphones through the Y-Connect app. Alongside, the Turn-by-Turn (TBT) navigation integrated with Google Maps, provides real-time directions, navigation index, intersection details, and road names, ensuring a smooth and hassle-free riding experience. Speaking on the announcement, Mr. Itaru Otani, Chairman, Yamaha Motor India Group said, 'We were thrilled by the overwhelming response to our Hybrid Technology when we introduced it in the 2025 FZ-S Fi Hybrid. Extending this breakthrough to the FZ-X model felt like a natural next step. We are confident that adding hybrid power to the FZ-X model will further boost Yamaha's appeal, particularly among riders who seek a practical yet premium riding experience. At Yamaha, we continually listen to our customers' evolving needs, and this latest offering underscores our commitment to innovation. By integrating advanced technology with a deep understanding of rider needs, Yamaha is redefining the future of mobility.' Presenting a choice to the customers, FZ-X in standard variant (non-hybrid) will also be available at INR 1,29,990 (ex-showroom, Delhi) and in Dark Matte Blue & Metallic Black colours. With its neo-retro design, a sturdy metal body, and now the iconic 'Yamaha' logomark on the tank, the FZ-X is powered by an air-cooled 149cc fuel-injected engine, ensuring superior performance. The 4-stroke, SOHC, 2-valve motorcycle produces 12.4PS of peak power at 7,250rpm and 13.3Nm of peak torque at 5,500rpm, providing powerful acceleration and manoeuvrability. Additionally, the Traction Control System (TCS) and single-channel ABS offer more confidence and agility on any road condition. The telescopic suspension at the front and 7-step adjustable Monocross suspension at the rear, along with a two-level seat design featuring a slip-resistant tuck and roll design, ensure a comfortable ride even on long journeys. The introduction of 2025 Hybrid technology in FZ-X motorcycle marks a significant step by Yamaha towards the future of motorcycling—redefined by efficiency, performance, and smart connectivity.
Hans India
8 hours ago
- Automotive
- Hans India
Government of Karnataka Recognizes WorldSkills 2024 Winners from Toyota Kirloskar Motor
Reaffirming its commitment to the 'Skill India Mission' and India's aspiration for 'Viksit Bharat 2047,' Toyota Kirloskar Motor (TKM) today proudly announced the felicitation of their ten talented employees by the Government of Karnataka for their exceptional achievements at the WorldSkills Competition 2024 held in Lyon, France. At a ceremony held at Vidhan Soudha, the Hon'ble Chief Minister of Karnataka, Sri Siddaramaiah, along with Hon'ble Minister of Medical Education & Skill Development Dr. Sharanprakash R Patil felicitated the winners in the presence of senior executives from Toyota Kirloskar Motor. A total of ten awardees, Prem V, Bhanu Prasad, Darshan Gowda, Nelson, Mohith MU, Harish R, Hemanth, Udhay, Rohan and Sudeep were recognized for their outstanding skills and commitment. These young professionals, trained at Toyota Technical Training Institute (TTTI), stood out among international competitors from over 60 countries. Each employee brought unique strengths to India Skills & WorldSkills Competition 2024, contributing to the team's remarkable performance. While Prem Vasanth Kumar achieved a Medallion of Excellence in Additive Manufacturing, Bhanuprasad SM and Darshan Gowda CS showcased remarkable versatility to achieve the Medallion of Excellence in Mechatronics at WorldSkills Competition 2024. The Medallion of Excellence is awarded to competitors who score 700 or more points. Further, the Mechatronics candidates were awarded second place in the Sustainable Practice Award, having successfully completed tasks measured against industry sustainability standards with the highest level of performance. Nelson, Mohith MU, and Harish R clinched the National Gold Medal in the Manufacturing Team Challenge, while Udhay, Hemanth, and Rohan received the Silver Medal, and Sudeep earned a Medallion of Excellence in Mechatronics & Car Painting skills—reaffirming Toyota's continued leadership in nurturing high-quality technical talent. The Karnataka State Government awarded cash prizes of INR 5 lakh for each WorldSkills Medallion of Excellence winner, INR 3 lakh for National Level Gold Medalists, and INR 75,000 for Silver Medalists. Speaking on the recognition, G. Shankara, Executive Vice President, Finance and Administration, Toyota Kirloskar Motor, said, 'We are extremely proud of our employees and their outstanding accomplishments at WorldSkills 2024. We thank Government of Karnataka for recognizing & encouraging the winners. Their journey is an inspiring example of what can be achieved when dedication meets opportunity. This achievement reinforces our alignment with national initiatives like 'Skill India' and 'Viksit Bharat 2047' and state initiatives such as 'Karnataka Kaushalya' as we remain committed to building a skilled workforce for the nation. At Toyota, we are committed to transform rural youth to world class competitive technicians, creating opportunities and driving positive change in the communities we serve is central to our purpose, and we will continue advancing this journey toward inclusive growth and shared progress.' All ten employees are alumni of the Toyota Technical Training Institute (TTTI), an institute established by TKM to empower rural youth with advanced manufacturing skills. Established in 2007, TTTI offers a three-year residential program in key trades like Assembly, Paint, Weld, and Mechatronics, with a strong focus on holistic development. Students undergo rigorous technical training alongside physical and character-building activities, including community service. With over 1,400 graduates and a 100% placement record, TTTI-trained students have consistently excelled at national and global skill contests, including the WorldSkills Competition, earning accolades and recognition for their technical excellence. To scale its impact, TKM has recently doubled TTTI's intake, introduced dedicated seats for female candidates, and upgraded residential and training infrastructure. Complementing TTTI's efforts, Toyota Kaushalya serves as another key initiative aimed at expanding access to skill development. The Toyota Kaushalya program is a two-year, free training model with on-the-job learning for underprivileged youth. Furthermore, Toyota has also partnered with industrial and technical training institutes across India to create the Toyota Technical Education Program (T-TEP). To date, Toyota has established 68 T-TEP centres across India, benefitting over 14,000 students. As India moves forward on its journey toward becoming a global skills capital, Toyota Kirloskar Motor remains steadfast in its vision to contribute meaningfully through sustained investment in training, education, and community development.
Mint
9 hours ago
- Business
- Mint
Infibeam Avenues concludes Rights Issue worth ₹700 crore, shares oversubscribed 1.4 times
Fintech company Infibeam Avenues has announced the completion of its ₹ 700 crore rights issue, which was oversubscribed 1.40 times. The rights issue was structured in a 67:267 ratio at ₹ 10 per share, including a premium of ₹ 9 per share. The company in an exchange filing on Tuesday stated, "In terms of the Letter of Offer dated June 19, 2025, the Rights Issue opened on Thursday, July 03, 2025, and closed on Friday, July 11, 2025 with an over subscription of 140% i.e. 1.40 times of the total Rights Issue Size of Rs. 69,998.57 lakhs. It further added, 'The Rights Issue Committee of the Company at its meeting held today, i.e. July 15, 2025, has considered and approved the allotment of 69,99,85,723 Partly paid up Equity Shares at an issue price of Rs. 10/- per Rights Equity Share including a share premium of Rs. 9/." Notably, ₹ 5 per share, which includes a premium of INR 4.50, has been received on application. The remaining amount will be payable on the final call as determined by the Board or Committee at their sole discretion, from time to time, the company informed. Infibeams Avenues plans to use the net proceeds from the rights issue towards expanding RediffPay to support UPI and broader digital financial services, developing RediffOne, investing in other acquisitions and establish a distributed network of data center capacity for edge computing across India. Speaking on the rights issue, Vishal Mehta, Chairman and Managing Director of Infibeam Avenues said, 'We are sincerely grateful for the overwhelming support and confidence shown by our shareholders. Their belief in our strategic vision motivates us to continue building innovative, AI-powered platforms and solutions for India and beyond." He further added, "the funds raised will further strengthen our balance sheet and enable us to invest in key growth areas, including AI-driven products, digital payment solutions, and selective acquisitions aligned with our vision.'
Business Standard
10 hours ago
- Business
- Business Standard
INR gains marginally as local equities move higher
Indian Rupee gained a bit against the US dollar, coming off a two-week low. INR added 5 paise at 85.87 per US dollar right now. The US dollar index eased a bit today and currently trades at 97.69, down marginally on the day. The key equity indices ended with moderate gains today, snapping a four-day losing streak, amid buying interest and encouraging domestic data. Investors will continue to monitor domestic macroeconomic indicators, global tariff-related cues, and corporate earnings announcements. The Nifty settled above the 25,150 mark. All the sectoral indices on the NSE ended in the green with auto, pharma and consumer durables shares leading the gains.
