The World Bank on Wednesday revised India’s GDP growth forecast for FY 2025-26 down to 6.3 per cent, a 0.4 percentage point cut from its previous estimate of 6.7 per cent. The downgrade reflects global economic headwinds and domestic policy uncertainties, according to the bank’s biannual South Asia Development Update titled Taxing Times.“In India, growth…
Indian and US officials are set to begin formal talks on a proposed bilateral trade agreement (BTA) in Washington on Wednesday (US time), aiming to resolve outstanding issues and advance negotiations, as reported by news agency PTI. The three-day talks mark the first face-to-face engagement under the agreed terms of reference, which span 19 chapters,…
The Reserve Bank of India (RBI) has issued a circular asking Indian banks to shift their net banking facilities to an exclusive online domain- “.bank.in’. The process of shifting to exclusive domains must be completed latest by October 31, 2025, instructed RBI.The ‘.bank.in’ domain is a secure and exclusive digital space launched by the RBI…
With gold crossing the Rs 1 lakh mark – the important question in the minds of investors is – is the rally sustainable? (AI image) Gold prices have been skyrocketing and how! Gold MCX futures have breached the Rs 1 lakh mark, a historic first for the yellow metal. Gold has always been seen as…
The United States on Wednesday launched a fresh attack on China’s economic approach, calling its export driven model “unsustainable,” which harms not only China but also the rest of the world. Speaking at the IIF Global Outlook Forum in Washington, US treasury secretary Scott Bessent stressed rising concerns around trade imbalances that US President Donald…
The Institute of Chartered Accountants of India (ICAI) has decided to review the financial statements of Gensol Engineering Ltd and BluSmart Mobility Pvt Ltd for the financial year 2023–24, following serious allegations of financial misconduct and governance lapses involving the two companies.The move was confirmed by ICAI president Charanjot Singh Nanda, who said the decision…
By all appearances, Donald Trump is looking for a way out. Just months into his second presidency, the US President is signaling a retreat – or at least a recalibration – on one of his most aggressive economic fronts: the trade war with China.At a White House press conference on Tuesday, Trump appeared to temper…
Boeing on Wednesday said that China has “stopped taking delivery” of its aircraft, as tensions between Washington and Beijing over tariffs continue to disrupt the global aviation market.The company will now begin marketing the planes to other airlines after Chinese carriers returned the planes, Aerospace giant CEO Kelly Ortberg said in an interview with CNBC.Boeing…
US stocks kicked off Wednesday’s trading session with a powerful rally, fuelled by renewed investor optimism after key political developments helped ease recent market tensions.Following weeks of volatility driven by concerns over interest rates, central bank independence, and global trade, Wall Street welcomed signs of stability from Washington.Markets surged after President Donald Trump backed off…
The European Union (EU) fined big tech firms, Apple and Meta, for 500 million euros and 200 million euros respectively on Wednesday, according to the Associated Press. The decision came as a result of the enforcement of the EU’s digital competition rules- the Digital Market Act (DMA).Apple has been fined for preventing application makers from…
