Aether inks contract manufacturing pact with Milliken Chemical and Textile (India) Co
Chemical manufacturing
company
Aether Industries
on Wednesday said it has signed a contract
manufacturing agreement
with
Milliken Chemical and Textile
(India) Co, a wholly-owned subsidiary of US-headquartered Milliken & Company.
This
long-term partnership
positions Aether as the sole
contract manufacturing
partner for a key
strategic product
for Milliken, the company said in a statement.
The initial duration of the agreement is 10 years, underscoring the trust and alignment between both organisations, it added.
The project will be executed at one of
Aether's manufacturing units
- Aether's Site 3+, in Surat, Gujarat, which will be fully dedicated to manufacturing the contracted product, the company added.
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Time of India
23 minutes ago
- Time of India
Fordoward Thinking
Iran may still negotiate with US, taking a long view, while skirmishing with Israel. Even if its nuclear infra is damaged, its knowhow isn't. But if the conflict spreads, welfare of 9mn Indians in the region will be New Delhi's first concern For two decades every United States administration said it might someday bomb Iran's enrichment plants. On Saturday night that 'someday' arrived. B-2 stealth bombers dropped 30,000-pound 'bunker buster' bombs while submarines and aircraft launched Tomahawks at Fordow, Natanz and Isfahan, the three most consequential nodes in Iran's IAEA monitored nuclear network. Trump declared that 'Fordow is gone', and that Tehran must 'agree to end this war'. The flourish was vintage Trump – muscular and headline grabbing. But behind the applause lines lies a strategic gamble whose downsides may echo far beyond Qom. Trump crossed a threshold earlier presidents tiptoed around, turning an Israel-Iran slugfest into a US-Iran confrontation. He insists the raid was a 'one-off', intended to cripple enrichment. Although neither US nor Israel has produced evidence that Iran was on the brink of building a bomb, the Pentagon's quick look report claims the strikes set the programme back by years at minimal cost. Physics, however, counsels humility. Centrifuges are hardware while enrichment expertise is software lodged in scientists' heads. Bombs can destroy cylinders but not knowledge. Hardliners in Tehran will now argue that only a nuclear weapon can deter the next bunker buster. Did the raid delay a bomb or make it inevitable? Iran accused US of a grave violation of the UN Charter, NPT and international law and vowed that it will not go unanswered. The easiest escalation is to menace the Strait of Hormuz through which about a fifth of global oil passes every day. Next may come missile salvos on Gulf energy infra or on US installations, and then the possible activation of proxies from Lebanon to Yemen. With Iran's parliament reportedly approving the closure of the strait, Brent could easily move past $100 a barrel. Oxford Economics projects $130 if flows are disrupted, a level that would push world inflation back toward 6%. Traders are already paying a war premium in afterhours quotes. Jerusalem meanwhile is jubilant. Netanyahu called the strike a bold decision. Strategically Israel has shifted part of the fight and the risk to Washington. If Iran retaliates, Americans rather than Israelis will calibrate the counterpunch. That is deterrence by entanglement in the short run. Over time it hands Iran a larger menu of US targets and risks dragging America into a war it does not want. Russia immediately cited the bombing as proof of US recklessness while Beijing called it a serious violation of international norms. Any condemning move at the Security Council will face a US veto. However, in the General Assembly the Global South is expected to side with Iran in significant numbers. For India the strike lands like a thunderclap at a cricket match. New Delhi has tried to balance a growing partnership with Washington, deep defence ties with Israel and consequential arrangements with Tehran, from the Chabahar port to International North-South Transit Corridor and once-robust crude imports. That balancing act has lately been criticised by the main opposition party. ● The immediate anxiety is economic. The Gulf supplies 54% of India's oil, generates about 40% of its remittances and accounts for more than $170bn in two-way trade. India imports more than 80% of its crude; every ten dollar rise in Brent adds about one billion dollars a month to the import bill and pressures the rupee. Consumer inflation just slipped below 5%; a Hormuz scare could undo that gain and complicate RBI's plan to cut rates. GOI is already moving to secure supplies, eyeing the strategic petroleum reserve and talking to several producers to ensure continuity. ● A second priority is the safety of nearly nine million Indians working in the region. Evacuation from Iran and Israel is underway. Operation Sankalp ships in the region can be helpful, if required. Diplomatically India has open channels with Washington, Tehran and Jerusalem, but leverage is thin while missiles fly. Still New Delhi may be able to offer discreet messages that help each side edge away from the brink, just like back-channel efforts by Qatar and Muscat. Meanwhile others such as Saudi Arabia and UAE are actively counselling restraint. The key actors need face-saving options. That also means Washington spelling out what de-escalation looks like. Would it accept enrichment capped below weapons grade? Does it envisage returning to the JCPOA framework with phased sanctions relief? Absent clarity Tehran will read 'time for peace' as code for surrender. In US, supporters have praised decisive action; critics have warned that the President had bypassed Congress and demanded a War Powers vote. Trump's boast that the mission was historic and limited is politically smart yet strategically ambiguous. If Iran swallows the blow and returns to talks the White House can claim victory. If Tehran retaliates Washington can strike again and say it had no choice. Either way the attack chips away at the nonproliferation regime and bets that humiliation will not ignite a wider war. The US entry into another West Asian conflict recalls 1991 and 2003, but this round involves nuclear facilities, peer power pushback and an energy hungry Global South. Fordow's tunnels may indeed be rubble, yet geopolitics rarely collapses neatly. US strikes may be tactically brilliant. Strategically they kick a radioactive can down a much steeper road. That road needs to be kept from becoming a cratered battlefield. The test is whether diplomacy can move faster than the bunker busters. The writer is former permanent representative of India to UN and served as an international civil servant at IAEA Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
Hindustan Times
an hour ago
- Hindustan Times
Mideast shipping on high alert after US bombs Iranian nuclear sites
The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following US airstrikes against Iran's nuclear facilities. Oil tankers pass through the Strait of Hormuz(Representative image/Reuters) Greece, home to more oil-tanker capacity than any other nation, cautioned its ship owners to think again if they're considering entering the Persian Gulf in the wake of US airstrikes. Vessels planning to sail through the Strait of Hormuz, the waterway that sits at the mouth of the region, should 'reassess passage' until the situation normalizes, according to a circular seen by Bloomberg that its shipping ministry sent to vessel owners. It advised waiting in nearby safe ports. Naval forces in the area warned that ships, especially US-linked ones, could be at heightened risk. Shipping giant A.P. Moller - Maersk A/S said it continues to transit Hormuz but is ready to re-evaluate its position based on the information available. The actions of the maritime industry — and its risk tolerance — will be a critical detail in the wake of the strikes because of Iran's proximity to the Strait of Hormuz, a conduit for a fifth of the world's oil and an unavoidable searoute into the Persian Gulf. Athens' warning is the latest sign of pressure on shipping markets as attacks on Iran escalate. Tanker earnings already soared by almost 90% since Israel first started conducting airstrikes on June 13. As one of the world's largest shipowning nations, advice to Greece's vessel owners would have a major impact on commodity transportation markets, especially oil. There's every chance shipowners will ignore the advice because the Persian Gulf is too-important a region for them to avoid and rates can always rise to compensate for the risk of sailing in the region. Operators that do decide to transit Hormuz should adopt the highest security level available and maintain the maximum possible distance from Iranian waters, Greece's ministry added. In Sunday's notice, the Greek ministry cited concern around a possible closure of Hormuz as a reason behind its message. Officials at three Greek tanker companies said they were still assessing the situation. One did indicate he might still allow his tankers to enter the region, while another said their ships would likely stay away. Greek government spokesman Pavlos Marinakis said in a statement that the government, via the shipping ministry, advised Greek-flagged and Greek-owned ships in the area of the Strait of Hormuz to go to safe port until the situation normalizes. Bigger Risk Naval groups are also warning of greater risk. On Sunday, the Joint Maritime Information Center, a liaison between navies and merchant shipping in the region, said that the Washington's airstrikes mean US-linked ships sailing through the Red Sea and Gulf of Aden face a high risk of attack. Yemen's Houthi rebel group issued fresh threats against American commercial and naval ships earlier in the day. There had been a ceasefire between the US and the Houthis in early May, geared toward limiting the group's attacks on the US navy. US-linked ships should consider re-routing, the JMIC said in its update. Still, it said some US-associated vessels have successfully transited the Strait of Hormuz, 'which is a positive sign for the immediate future.' Separately, the European Union's naval force in the region raised its threat assessment for US-linked vessels as a result of the strikes. It now sees a severe threat to ships linked to the US and Israel and a low risk for all other ships. 'This does not exclude the possibility of all merchant vessels being targeted in the future,' it said in an update published by France's MICA Center, which helps co-ordinate global maritime security.
Time of India
an hour ago
- Time of India
Taxi apps renew GST plea; PharmEasy founders start up again
Taxi apps renew GST plea; PharmEasy founders start up again Also in the letter: Ride-hailing firms to flag SaaS services GST worries to CBIC Jargon buster: Driving the news: Market dynamics: Rapido currently uses the subscription model for its autorickshaw and four-wheeler ride-hailing services. Uber has implemented the model for its three-wheeler offerings. Ola Consumer, which first adopted the subscription approach for autorickshaws, expanded it to include four-wheeler taxi services earlier this month. ONDC-backed Namma Yatri has operated on a subscription basis since its inception, offering autorickshaw rides without a commission. Catch up quick: PharmEasy founders venture out again with new startup All Home Tell me more: Key details: All Home has raised $20 million in equity and debt funding. The startup has been valued at $120 million. Bessemer Venture Partners led the funding round, alongside several angel investors. PharmEasy CEO Siddharth Shah has also invested in the company. Quote, unquote: IT's Europe deal momentum is up after three slow quarters Numberwise: IT deals originating from Europe rose by around 5% compared to the previous quarter, while the US market remained flat with just 2% growth, according to US-based research firm HFS Group. The total value of European deals climbed to $4.08 billion between January and March 2025, up from $3.4 billion in the previous quarter and $3.5 billion in the same period last year, as per data services platform ISG. Deal book: Tata Consultancy Services (TCS) signed six deals in Europe since March. Infosys partnered with Allied Irish Banks and the UK's Yorkshire Building Society. HCLTech secured an engineering services contract with Swedish truck maker Volvo. L&T Technology Services and Tata Elxsi each signed €50 million contracts with unnamed European automotive clients. Wipro has appointed a new CEO for its European strategic unit amid a softer outlook. 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These include drivers, restaurants, and ecommerce sellers.(L-R) Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, founders, PharmEasyThree cofounders of PharmEasy, who exited their executive roles earlier this year, have launched a new startup focused on the architectural and interior design Sheth, Dhaval Shah, and Hardik Dedhia have launched All Home, which plans to back consumer-facing brands across various categories, including sanitaryware, furniture, kitchen and wardrobe, and home hardware. The venture will invest in these brands while offering a mix of technology support, digital-first manufacturing and distribution capabilities, and market intelligence.'Consumers are increasingly willing to invest in their living and working spaces, yet often lack access to the appropriate channels and products. Our platform aims to address this gap,' Dhaval Shah Indian IT firms facing headwinds in their largest market, the United States, due to policy and trade uncertainties, Europe has emerged as a bright spot . After three subdued quarters, deal activity across the continent has gained ecommerce giant has teamed up with Orange Health Labs to introduce its diagnostics service , allowing home sample collection within 60 minutes and providing test results in under six hours for routine Bengaluru-based unicorn is seeking to invest in the manufacturing of printed circuit boards (PCBs), enclosures, and electromechanical components such as heat sinks and sensors, while preparing an application for the government's PLI development centres in Bengaluru, Chennai, and Pune had the highest on-site attendance in April, while the offices in Nagpur, Indore, and Gurgaon recorded the lowest.■ The $10 billion delivery empire built on Shein and TikTok orders ( Rest of World ■ How to out-troll the trolls, as told by the internet's foremost posters ( Wired ■ You sound like ChatGPT ( The Verge
