Business

India’s economic outlook remains firmly positive, with the International Monetary Fund (IMF) pointing to strong policy foundations, resilient growth and well-contained inflation in its latest assessment. The Washington-based agency said India’s performance has been underpinned by prudent macroeconomic management and a decade of structural reforms that continue to pay dividends.In a report, the IMF noted…

Once the face of India’s digital education boom, Byju’s rose from a modest learning app to a global edtech powerhouse valued at $22 billion at its peak. Its branding dominated cricket jerseys, international billboards, backed by aggressive expansion and pandemic-fuelled demand.However, the company that once symbolised India’s growing edtech aspirations is now mired in lawsuits,…

Americans are set for a mix of family meals and early holiday shopping this week, with most big retailers staying shut on Thanksgiving before reopening at dawn for Black Friday, the unofficial start of the Christmas buying rush. The week also marks what AAA says will be the busiest Thanksgiving travel period on record, according…

India’s exchange rate framework came under renewed global scrutiny on Wednesday after the International Monetary Fund reclassified the country’s “de facto” regime as a “crawl-like arrangement”, two years after designating it “stabilised”. The change follows an IMF review conducted earlier this year and could shape how global investors read India’s approach to managing the rupee…

Fewer Americans applied for unemployment benefits last week, signalling continued stability in the labour market even as several large companies announced job cuts. According to AP, jobless claims fell by 6,000 to 216,000 in the week ending November 22, undershooting economists’ expectations of 230,000.Applications for unemployment aid — a key proxy for layoffs — remain…

US stocks climbed on Wednesday as Wall Street looked to stretch its winning run, buoyed by growing expectations of a Federal Reserve rate cut in December. According to AP, the S&P 500 rose 0.5% in early trade, while the Dow Jones Industrial Average gained 227 points and the Nasdaq advanced 0.7%.Traders are pricing in nearly…

Reliance Industries extended its gaining run on Wednesday, with the stock rising nearly 2% and pushing the company’s market valuation above Rs 21 lakh crore. The benchmark heavyweight closed at Rs 1,569.75 on the BSE after touching an intraday 52-week high of Rs 1,571.80. According to PTI, the stock gained 1.99% on the exchange and…

Britain’s Treasury chief Rachel Reeves delivered her tax-raising budget on Wednesday under the shadow of a major leak that exposed her proposals hours before she reached Parliament. The disclosure came from the Office for Budget Responsibility (OBR), which Reeves relies on for independent forecasts. According to AP, the leak effectively mapped out the entire fiscal…

Sebi has opened the door for more professionals to enter the advisory space by allowing graduates from any discipline to register as investment advisers (IAs) and research analysts (RAs), widening the talent pool for the two regulated categories. The regulator made the changes through separate notifications issued on Tuesday.The move replaces the earlier requirement that…

The Unique Identification Authority of India (UIDAI) has deactivated more than 2 crore Aadhaar numbers belonging to deceased individuals as part of a nationwide database clean-up, according to a government release.UIDAI has sourced verified death data from multiple government channels, including the Registrar General of India (RGI), state and UT administrations, the Public Distribution System,…