US indicts Chinese executives, major container firms over alleged global shipping price-fixing conspiracy

IANS | May 20, 2026 2:15 PM

New Delhi, May 20 (IANS) The United States Department of Justice has indicted seven Chinese executives and four of the world’s largest shipping container manufacturing companies for allegedly conspiring to restrict output and fix prices of standard shipping containers during the Covid-19 pandemic, a move authorities said inflated global prices and disrupted supply chains.

South Korea needs to bolster strategic ties with India: Report

IANS | May 20, 2026 1:36 PM

New Delhi, May 20 (IANS) South Korean President Lee Jae Myung’s recent visit to India resulted in further deepening of economic relations between the two countries, but there is a need for Seoul to seize the opportunity to build a broader strategic partnership with India, which would help mitigate its acute vulnerabilities in maritime security, supply chains, and technological resilience, according to an article in The Korea Times.

India’s two-wheeler sector may clock 5 pc growth in FY27: Report

IANS | May 20, 2026 1:01 PM

New Delhi, May 20 (IANS) India’s two-wheeler industry expected to witness wholesale volume growth of up to 5 per cent year-on-year in FY2027, supported by GST rationalisation and improving replacement demand, according to a report released on Wednesday.

ANRF selects 10 research centres to boost multidisciplinary innovation

IANS | May 20, 2026 11:49 AM

New Delhi, May 20 (IANS) India's apex research funding body, the Anusandhan National Research Foundation (ANRF), has selected ten Convergence Research Centres of Excellence (CoEs) to promote multidisciplinary research for deep integration of scientific knowledge within social sciences and the humanities, an official statement said on Wednesday.

Global oil prices ease nearly 1 pc after Trump hints at Iran deal

IANS | May 20, 2026 11:06 AM

New Delhi, May 20 (IANS) Global crude oil prices fell nearly 1 per cent for a second consecutive session on Wednesday after US President Donald Trump reiterated that the conflict with Iran could end "very quickly", raising hopes of a possible diplomatic breakthrough.