Donald Trump says planned tariffs on Canada, Mexico going forward; 2-day heatwave alert for Mumbai; Apple to invest $500 billion in the US & more
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Donald Trump says planned tariffs on Canada, Mexico going forward
US President Donald Trump said tariffs scheduled to hit Canada and Mexico next month were “on time” and “moving along very rapidly” following an initial delay, even as a US official cautioned the schedule could be less certain.
Trump was asked if the tariffs, which he delayed until March 4, would go into effect next week as he fielded questions during a joint press conference with French President Emmanuel Macron. Canada and Mexico have implemented new border measures in an effort to stave off the tariffs, which Trump says he is levying in a bid to halt flows of undocumented migrants and illegal drugs such as fentanyl.“The tariffs are going forward on time, on schedule,” Trump responded.But following the remarks, a US official, who spoke on the condition of anonymity, said the fate of the special 25% levy on Canada and Mexico — tied to border security demands — was still to be determined. Trump’s so-called reciprocal tariffs that could hit all countries, including Canada and Mexico, will go forward in April, the official said.
IMD issues two-day heatwave alert for Mumbai, Thane and neighbouring districts
The India Meteorological Department (IMD) on Tuesday (February 25) issued a two-day heatwave alert for Mumbai, Thane, and neighbouring districts in Maharashtra.
IMD scientist Sushma Nair told PTI that the temperatures are likely to be in the range of 37 to 38 degrees Celsius for the next two days. The heatwave alert has been issued for Mumbai, Thane, Raigad and Ratnagiri on February 25 and 26.On Monday, the IMD told CNBC-TV18 that temperatures may drop by 1-2 degrees on February 27 and 28 but it may not bring much relief from the high temperature.
Ashwini Vaishnaw wants clean energy to power India's trains
Union Railway Minister Ashwini Vaishnaw has called upon investors to explore opportunities in nuclear power, stating that Indian Railways is open to procuring electricity from nuclear sources.
Addressing the Madhya Pradesh Global Investor Summit 2025 (GIS-2025) on Monday, February 24, Vaishnaw underlined the increasing energy requirements of the railway network and encouraged state governments to expand their renewable and nuclear energy initiatives."I would like to request that if a nuclear power plant can be set up in Madhya Pradesh, Indian Railways would be very happy to enter into an agreement to purchase electricity from it. Wind power is also very interesting to us," Vaishnaw is quoted as saying by ANI.
Zomato shares will rise another 39%, Bernstein says, as it builds on quick commerce leadership
Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected an upside of 39.2% on the stock from its previous closing price.
The brokerage has an "outperform" rating on Zomato with a price target of ?310 per share, which is slightly higher than its recent peak of ?304, from which it has corrected 27% as of Monday's close.Bernstein said the competitive intensity of quick commerce has been a key point of debate, given land grab and the ongoing increase in marketing dollars across Zomato and its peers Swiggy and Zepto.However, unlike the pre-IPO mode, the brokerage believes the focus currently is more balanced - growing quickly while delivering medium-term profitability.
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Stocks To Buy: Jefferies bets on these three stocks down up to 45% from peak
Brokerage firm Jefferies, who is anticipating a short-term bounce in the Indian market, has reiterated its "buy" recommendation on three stocks, that have corrected between 20% to 45% from their peak.
On Monday, Jefferies had recommended buying eight stocks that fit their criteria of trading below their 10-year average, 14% EPS growth potential and minimal downgrades in the last two quarters.The three stocks that Jefferies recommended on Tuesday include Shriram Finance Ltd., KFin Tech Ltd. and 360 ONE WAM.
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India poised to lead in AI revolution, says Cerebras CEO Andrew Feldman
The environment is ripe for Indian entrepreneurship and for India to play a leading role in artificial intelligence (AI). Andrew Feldman, Co-Founder & CEO of Cerebras, says a strong foundation of top-tier educational institutions and a wealth of engineering talent would ensure that India is well-positioned to make significant strides in AI.Cerebras, a company specialising in AI-accelerating hardware, has ambitious plans for India. Currently, the company operates an office in Bengaluru with around 70 employees and aims to more than double its workforce by the end of the year. "We just took more office space, and so we're looking to continue our very rapid growth," Feldman stated.
Apple to invest $500 billion in the US, create 20,000 jobs
Tech major Apple said on Monday that it plans to hire around 20,000 people and invest more than $500 billion in the United States (US) over the next four years.?The investment plan includes the establishment of a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence.
“The $500 billion commitment includes Apple’s work with thousands of suppliers across all 50 states, direct employment, Apple Intelligence infrastructure and data centres, corporate facilities, and Apple TV+ productions in 20 states,” the company said in a release.The Cupertino giant is also looking to double its US Advanced Manufacturing Fund, create an academy in Michigan to train new US manufacturers and grow its research and development investments in the US. Created in 2017, the fund will now cap at $10 billion from the previous $5 billion focusing on promoting advanced manufacturing and skills development throughout the country.
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61 gold bond tranches yet to be redeemed, current govt liability may climb to ?1.12 lakh crore
Budget 2025 has probably made the government’s discomfort with sovereign gold bonds (SGBs) explicit. It has not only pencilled in zero borrowings against the instrument, indicating it would not be using that route to raise debt from the public, but also knocked off the earlier ?15,000 crore estimate for SGB borrowings in the 2024-25 fiscal (FY25). To date, there have been no SGB issuances in FY25, which makes the February 2024 tranche the most recent.The focus has also shifted firmly to repayment of gold bonds already issued. The government expects to repay ?8,040 crore through redemption of these bonds in FY25. This will be the highest SGB redemption number in any year so far. For FY26, it has lowered this forecast, pegging it at ?5,510 crore.
Times Black ICICI Bank Credit Card partners with Atlys to simplify visa applications
The Times Black ICICI Bank Credit Card has partnered with Atlys to simplify visa applications for cardholders. The collaboration ensures faster processing, on-time approvals, and visa fee waivers for select countries, the company said in a statement.
Atlys, an AI-driven visa processing platform, has processed over 2 million visas across 150 countries.Times Black ICICI Bank Credit Card holders will receive real-time updates and fast-tracked approvals.
"Travellers spend hours on visa paperwork. We’re changing that," said Mohak Nahta, Founder of Atlys. "Times Black ICICI Bank cardholders can now get visas as easily as booking a flight."
The initiative comes amid rising outbound travel from India.
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