‘Closely consulting’: South Korea, US coordinate on Iran ceasefire as Trump seeks to cut joint drills

Swan Defence and Heavy Industries shares gained nearly 3% after securing an order from Denmark-based Svitzer A/S to build four advanced TRAnsverse 3200 tugs. The vessels will be constructed at SDHI’s Pipavav yard in Gujarat, with deliveries scheduled from early 2028. The contract follows a global shipyard evaluation and strengthens the company’s export order pipeline.

Japan’s wholesale inflation accelerated to its fastest pace in more than three years in June as companies passed on higher input costs driven by the Middle East conflict and a weaker yen. The stronger-than-expected reading has reinforced expectations that the Bank of Japan could raise interest rates again later this year.

Indian Railways will resume supplying passenger coaches to Bangladesh after a decade. The Rail Coach Factory in Kapurthala is dispatching a 19-coach rake for Bangladesh Railway. This shipment includes AC sleeper, AC chair, and non-AC chair cars. The project is funded by the European Investment Bank and awarded to RITES. These coaches feature crashworthy design…