Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump 
DOJ Subpoenas New York Times Journalists Over Air Force One Leak Report 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Toyota Kirloskar Motor (TKM) is seeking for a simplification of Indian laws to improve ease of doing business, roll out of scrappage policy, and lowering of customs duties on imported vehicle parts in the upcoming Union Budget.
According to TKM, it is hopeful that the scrappage policy, which has the potential to simultaneously reduce pollution, fossil fuel consumption, and boost demand for new vehicles, to be mentioned in the upcoming budget.
The automaker added that rationalization of custom duties on semi-knocked down and completely knocked down units should also be considered.
TKM, a subsidiary of Toyota Motor Corporation of Japan with Kirloskar Group, is also seeking policy measures to support the production of electric and hybrid vehicles in the country.
According to the company, to attract investments for local electric vehicle parts, it is necessary that government extends to all-electric vehicle technologies proportionate to the social benefits they provide.
It added that government policy would induce a faster, smoother, and disruption-free technology shift to the electrified vehicle ecosystem.
The company added that it is encouraged by the growth momentum across key sectors witnessed in the post-lockdown period.
TKM sells models like Fortuner and Innova Crysta in the country.
