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Thursday, August 14, 2025
TopicReuters

Topic: Reuters

Ford, Volkswagen pop the automated-vehicle bubble with exit from self-driving startup Argo

The Ford and VW joint venture Argo, announced its closure on Wednesday, proving that automated vehicles are further away from mass deployment than industry executives predicted in 2019.

Swift rise to PM, but some doubt whether Rishi Sunak can win UK elections

Polls earlier this year showed Sunak's low popularity with citizens who were worried about cost of living crisis & angered that he hiked payroll taxes while his wife avoided levies.

Here’s what future PM Rishi Sunak’s campaigns tell us about his plans for the UK

Sunak plans to address the country's economic crisis, negotiate trade with Northern Ireland and promises to 'keep Brexit safe' among others.

All you need to know about Rishi Sunak, Britain’s next PM

Sunak, the 42-year-old former finance minister, will become Britain's third prime minister in less than two months.

Indians delight as Rishi Sunak becomes new UK PM on Diwali

Liz Truss, leader of the Conservative Party, quit as UK prime minister six weeks after she took office.

India’s fiscal, monetary authorities to be watchful amid ‘global gloom’, finance ministry

Measures undertaken by the govt to reduce burden of soaring inflation on consumers,by increasing fertiliser subsidies & other welfare measures, could stress finances, reports stated.

Kotak Mahindra Bank quarterly net profit jumps 27%

Kotak Mahindra's standalone profit jumped 27% from the same period last year to 25.80 billion Indian rupees ($313 million) in its fiscal second quarter.

Protests rage in Iran’s southeast, city banks attacked & over 57 arrested

On Friday, police arrested at least 57 people, described as "rioters", after protesters threw rocks and attacked banks in the city of Zahedan, IRNA reports.

Trade Minister Piyush Goyal says all Free Trade Agreement talks ‘on track’ with UK

Goyal, speaking hours after Liz Truss announced her resignation as Britain's PM, said India will "wait and watch" the situation following the change in British leadership.

PhonePe in talks to raise funds at $12 billion valuation led by General Atlantic

General Atlantic is likely to lead the round with an investment of $450- $500 million, making PhonePe the most valuable Indian financial tech firm, surpassing Razorpay and Paytm.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.