reduced tariffs

China signals willingness to accept existing US tariff levels while seeking to extend the current trade truce. Beijing hopes Washington will honor previous understandings, aiming to stabilize economic ties. Discussions are expected to focus on extending the one-year agreement and reducing unilateral tariffs.

Wedding and banquet events in Mumbai and Maharashtra will soon be simpler and potentially cheaper. The Centre has clarified that no music licensing fees apply to marriage functions. Discussions are also underway for a single-window music copyright licensing system, aiming to streamline permissions and reduce confusion for the hospitality sector.

Europe faces a critical need to develop its own superintelligence. Mistral AI's chief scientist warns against relying on American tech giants for future AI advancements. This push for independence is driven by geopolitical shifts. Mistral AI aims to provide European-hosted AI models. However, funding remains a significant challenge for the startup.

TNPDCL updates billing software and communicates to field assessors

Powerloom owners in Coimbatore and Tirupur are facing losses due to manufacturers cutting wages for the past two months, despite a recently agreed wage revision. They are demanding the enforcement of the new rates, which were set to increase after a decade, and seek legal backing to ensure fair payments.

Starting May 25, Sudha milk from Bihar will see a price hike of Rs 2-4 per litre and Rs 1-2 for 500ml packs. This shift is driven by rising costs in cattle feed and operational expenses, which means families may need to adjust their budgets. Tea lovers should also brace for a ripple effect as milk prices soar.

India has moved silver imports to a "restricted" category, requiring government approval, to prevent traders from exploiting a duty gap created by a recent 15% import tax hike. This move aims to curb arbitrage opportunities through the India-UAE free trade agreement, protect foreign exchange reserves, and control precious metal inflows, while exempting export-oriented industries.