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New Delhi: Indian steel companies Tata Steel and Jindal Stainless played key roles in the success of the Chandrayaan-3 lunar mission, which landed on the Moon's south pole on Wednesday. Tata Steel said its crane technology helped in assembling the Fat-LVM3-M4 rocket.

Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected. Powell isn't likely to say whether the Fed will continue raising rates. But he may signal that any rate cuts are unlikely until well into next year.

The report by the International Monetary Fund (IMF) looked at both explicit and implicit subsidies for fossil fuels across 170 countries. It found explicit subsidies alone have more than doubled since the previous IMF assessment, rising from $500 billion in 2020 to $1.3 trillion in 2022 as governments rushed to mitigate the inflationary impact of Russia’s invasion of Ukraine and the spike in demand caused by the economic recovery from Covid-19.

French President Emmanuel Macron is vowing to make key economic, immigration and education reforms

Chandrayaan-3 and the failure of Russia's Luna-25. India's ISRO recently launched the Chandrayaan-3 spacecraft, which made a soft landing near the moon's south pole, making India the first country to do so. According to a Bloomberg report, the Japan Aerospace Exploration Agency's (JAXA) H2-A rocket is the agency's most reliable rocket, with only one failure in 42 launches since 2001.

India driven by uneven and scanty rain is forcing the government into a series of measures to boost supplies and ease inflationary pressures. While annual retail inflation was at a 15-month high of 7.44% in July, food price inflation rose to 11.5%, its highest in more than 3 1/2 years, pushing Prime Minister Narendra Modi's government to act quickly to avert any backlash from voters in upcoming state and national elections. To ease the hardship for low-income consumers, the government is considering expanding a free food programme which is due to end in December, according to two government sources who declined to be named as they are not authorised to speak to the media. Food subsidies are estimated to cost the government 1.97 trillion Indian rupees($23.83 billion) in 2023/24 and an expansion of the free food scheme could raise the bill. The government has stepped up sales of subsidised vegetables, particularly onions and tomatoes, through its distribution network, while releasing stocks of wheat and sugar into the market to cool prices. The measures could cumulatively cost the government over $12 billion, the government sources said. Additionally, the government is set to ban sugar exports for the first time in 7 years, having banned exports of key categories of rice last month.

Redfin CEO Glenn Kelman says it's hard to fault the Fed for 'overdoing' rate hikes when there are other 'persistent' sources of inflation.

Potomac Wealth Advisors President Mark Avallone discusses whether the stock market rally will last after CPI data showed inflation slowed again in June on 'Varney & Co.' 

Fox News Contributor Jonas Max Ferris and Quill Intelligence CEO Danielle DiMartino discuss the population exodus from Democrat states to GOP states over taxes, cost of living and crime on 'Cavuto Live'.

TrendMacro chief investment officer Don Luskin says a growing economy is 'like a growing boy' on 'Making Money.'

Serhant Associate Broker Nile Lundgren weighs in on the middle-class getting priced out of home ownership.

A California judge is rejecting an environmental group’s lawsuit that sought to block the state's largest utility from seeking to extend the operating life of the Diablo Canyon Nuclear Power Plant

Average salary increases have plunged to 35-40% from 50-100%, across categories of “hot skills” such as full-stack engineers, data engineers, front-end engineers, SRE/DevOps, data scientists and back-end engineers, according to data put together for ET by specialist staffing firm Xpheno. This marks a sharp slowdown from a year ago, when candidates were sitting on multiple job offers and offer shopping had become rampant while employers were in a hiring frenzy. For instance, the average salary range for a full-stack engineer with experience of four to seven years has reduced to Rs 10-26 lakh per annum from Rs 15-32 lakh per annum at the end of 2021-22. The negotiating range offered by employers has fallen to 20-35% from 50-100% during this period. For data engineers and data analytics, salary hikes on offer range between 25-35%, down from 40-90% a year ago, for front-end engineers the hikes have fallen to 15-35% from 50-90%, while for SRE/DevOps hikes range from 20-35%, down from 40-80% earlier, and for data scientists, salary hikes on offer have come down to 20-35% down from 40-100%. “We are witnessing the quintessential ‘calm after the storm’ in recruitment conversations now,” said Anil Ethanur, co-founder, Xpheno.

Opposition Leader Peter Dutton has put the Albanese government’s move to block more Qatar Airways flights to Australia on the political agenda, saying it had provided “no coherent reason” for the decision.

A man with close links to former Kidman Resources chief executive Martin Donohue has been charged with insider trading, with the corporate regulator alleging he had early knowledge of Wesfarmers’ $776 million plan to buy the lithium company in 2019.

Wesfarmers posted an 18.2 per cent surge in full-year sales to $43.55 billion, ahead of market expectations, underpinned by strong earnings from its two key retail banners Bunnings and Kmart Group.

Since he took over the chair's position at the Federal Reserve in 2018, Jerome Powell has used his annual addresses at the Jackson Hole retreat to push policy agendas that have run from one end of the policy playing field to the other.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Incessant rainfall once again is wreaking havoc in the northern part of the country, while imposition of export duty on onions has caused an uproar. Meanwhile, the popularity of Prime Minister Narendra Modi is far from fading even after nine years.

Reliance Infrastructure and Reliance Power, are between them raising ₹1,043 crore from Reliance Commercial Finance, a wholly owned subsidiary of Authum Investment & Infrastructure, by allotting preferential shares. Last October, Reliance Commercial Finance, an erstwhile Anil Ambani company, was acquired by Authum in an out-of-court debt resolution process. Reliance Commercial has proposed to invest ₹891 crore in Reliance Infrastructure and ₹152 crore in Reliance Power, according to stock exchange disclosures. After this transaction, Reliance Commercial will hold 11% equity in Reliance Infrastructure and 2% in Reliance Power. Reliance Commercial Finance is a subsidiary of Reliance Home Finance, which in turn is a subsidiary of Reliance Capital, an Anil Ambani company that is undergoing corporate insolvency. Prior to 2020, Reliance Infrastructure and Reliance Power had provided a guarantee on the loans availed of by Reliance Commercial Finance and Reliance Home Finance. Authum, as the new owner of Reliance Commercial, invoked these guarantees.

If you own foreign investments whose total cost exceeds $100,000 at any point in a tax year, you’re required to file a Form T1135, Foreign Income Verification Statement, which covers obvious foreign assets, such as funds in a Cayman bank account, but also foreign stocks held in a Canadian, non-registered brokerage account.

By Nivedita Balu and Manya Saini