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3M India suspends Ahmedabad plant operations due to heavy rainfall and flooding
3M India has temporarily suspended manufacturing operations at its Ahmedabad plant due to severe rainfall and flooding. The company informed stock exchanges, stating that restoration will take days, but assets are insured, and no material business impact is anticipated. Gujarat Chief Minister Bhupendra Patel visited affected areas to review relief efforts.
Japan's Hidden AI Winners: Toilet, Glass Fibre, and Seasoning Makers Powering the Chip Revolution
Traditional Japanese manufacturers, known for products like toilets (Toto), glass fibre (Nittobo), and food seasonings (Ajinomoto), are emerging as crucial suppliers of specialized materials for advanced AI chip manufacturing and packaging, becoming "second-order AI beneficiaries" as global AI investment surges.
Global Markets Brace for Central Bank Decisions Amid Middle East Conflict, Oil Surge, and New Tariffs
Global markets face a pivotal week with Federal Reserve, Bank of Japan, and Bank of England meetings, heightened by Middle East conflict, oil prices above $100, and new US tariffs. Investors also await Big Tech earnings and inflation data for interest rate clues.
Rs 9,330.56 Crore Lies Unclaimed in Inoperative EPF Accounts as of March 2026
As of March 31, 2026, Rs 9,330.56 crore remains in inoperative Employees’ Provident Fund (EPF) accounts, as revealed by the government in Rajya Sabha. The EPFO is conducting outreach to inform members, who can claim funds by transferring or withdrawing them.
India's Exports Face Minimal Impact from New US Tariffs, Textile Sector Needs Monitoring
The US imposed new Section 301 tariffs, placing India in the lower 10% category, with minimal overall impact on its exports, according to FIEO. However, India's textile sector requires close monitoring for future tariff-rate quotas affecting competing nations.
Indian Banks, Insurers to Launch Common Customer Identification System in August
Indian banks and insurers will launch the Central Know-Your-Customer 2.0 (CKYC) system in August, allowing customers to access financial products without repeated ID submissions. Asset managers will join later, aiming to deepen financial participation and combat fraud by simplifying data access with customer consent.