West Texas Intermediate futures trade below $94 a barrel
Bill Giles, a visionary in sports management, was instrumental in transforming the Philadelphia Phillies' experience. Under his leadership as owner and executive, Connie Mack Stadium closed its doors, giving way to the modern and vibrant Veterans Stadium in 1971. He also played a key role in launching Citizens Bank Park in 2004, ensuring fans enjoyed a top-tier venue.
Power Secretary Pankaj Agarwal met EDF Chairman and CEO Bernard Fontana to discuss deploying the French utility’s EPR nuclear reactor technology in India, the power ministry said. The talks also covered the evolving regulatory framework for the nuclear sector and cooperation on pumped hydro storage projects, with senior officials present.
India will keep taxation outside the framework of bilateral investment treaties, with a revised model BIT expected to be considered by the Cabinet soon. The Finance Ministry has circulated a note, while negotiations with four-five countries are underway. Foreign investors will also have to exhaust local remedies before seeking arbitration.
India and Australia are working towards a comprehensive economic cooperation agreement and a Bilateral Investment Treaty to deepen trade and investment ties, Commerce Minister Piyush Goyal said. The countries are also expanding cooperation in critical minerals and education, while addressing cross-border taxation and compliance issues affecting businesses and service providers.
Iran awaited a US response to its proposal to reopen the Strait of Hormuz and halt fighting across the Middle East, after the Wall Street Journal reported President Donald Trump rejected the plan. Tehran said the proposal could reopen the waterway within seven days and lead to broader talks, including on its nuclear programme.
India is revisiting a proposed trade secrets law and will soon consult industry and startups on whistleblower safeguards, contract enforcement and compliance. DPIIT is weighing whether a dedicated law is needed or whether amendments to the Indian Contract Act can address contract fulfilment, while protecting confidential business information.
The White House has replaced CNN with conservative network Real America’s Voice News for President Donald Trump’s Saturday Air Force One trip, escalating a dispute over media access. The move came after CNN, MS NOW and Politico journalists returned to the White House following a judge’s temporary ruling against the administration’s restrictions.
A senior US State Department official said the India-US trade pact is “90-per cent-plus” complete, with only final issues being resolved. The official said the agreement could “unleash another level” of bilateral ties, while highlighting upcoming diplomatic engagements, including Marco Rubio’s India visit and the next Quad foreign ministers’ meeting.
September's Harvest Moon will reach its full phase on Saturday during daylight hours in North America. Skywatchers are encouraged to view the moon after sunset for the best experience. The Harvest Moon is unique because it rises soon after sunset for several consecutive days. Additionally, Saturn will be visible near the moon, offering a stunning sight for viewers. Neptune will also be nearby, observable with a telescope or binoculars.
The Labour and Employment Ministry has instructed employers to maintain employees' statutory wages after raising the EPFO ceiling. Workers earning between ₹15,000 and ₹25,000 are now mandatorily covered under the Employees' Pension Scheme. Employers are encouraged to view their contributions as part of good human resource practices. The government offers financial incentives for new employment to mitigate increased costs.