Bank credit to industry grew at a slower pace of 6.5% in August 2025, compared to 9.7% in the same month last year, according to Reserve Bank of India (RBI) data on sectoral deployment of credit released on Tuesday.The data, compiled from 41 scheduled commercial banks (SCBs) that account for nearly 95% of total non-food…
US consumer confidence fell sharply in September as Americans’ concerns over inflation and a weakening job market deepened, according to the Conference Board’s latest survey. The consumer confidence index dropped 3.6 points to 94.2, down from August’s 97.8, marking the lowest reading since April, when President Donald Trump implemented sweeping tariff policies.The index measuring Americans’…
India is strengthening its focus on self-reliance and building resilient supply chains to safeguard the country against global disruptions and the weaponisation of trade, Commerce and Industry Minister Piyush Goyal said on Tuesday.Speaking at the curtain-raiser of the CII Partnership Summit to be held in November at Visakhapatnam, Goyal stressed that India’s approach rests on…
The India-European Free Trade Association (EFTA) free trade agreement, coming into effect from Wednesday, will make several Swiss products, including wines, chocolates, apparel, and watches, cheaper in the Indian market.The agreement, signed in March 2024 under the Trade and Economic Partnership Agreement (TEPA), also opens greater market access for India’s labour-intensive exports such as tea,…
Pfizer has agreed to lower prescription drug costs for Medicaid and invest $70 billion in US manufacturing, President Donald Trump announced on Tuesday, in a move aimed at reducing healthcare costs.As of 1:26 PM (GMT-4), Pfizer shares were actively trading at $25.08, marking a sharp 5.14% gain, signaling strong investor interest and positive developments driving…
MUMBAI: Airbus and Air India inaugurated a world-class pilot training centre in Gurugram, Haryana, said the airline in a press statement issued on Tuesday. “This benchmark facility will train more than 5,000 new pilots over the next decade to support the exponential growth of commercial aviation in India,” it said. The 50:50 joint venture facility…
The newly introduced K visa, announced in August, aims to attract young international STEM (Science, Technology, Engineering and Mathematics) graduates. (AI image) China’s newly introduced K visa category, which is effective from October 1, 2025, is widely being seen as a counter (though not official!) to the Donald Trump administration’s crackdown on the H-1B visa…
Russian Foreign Minister Sergey Lavrov on Tuesday defended India’s decision to continue buying Russian oil, accusing the United States of trying to eliminate competition using the Ukraine conflict as a pretext. “Our Indian counterparts have already reacted to [this pressure] to stop buying oil from Russia. They proceed from the assumption [that] if the United…
US equities edged cautiously on Tuesday as Wall Street approached the end of another strong month, with investors balancing optimism over corporate earnings against economic uncertainty and the potential for a government shutdown.The S&P 500 slipped 0.2% in early trading, while the Dow Jones Industrial Average fell 27 points, or 0.1%. The Nasdaq composite was…
The Reserve Bank of India (RBI) on Tuesday constituted a six-member Payments Regulatory Board (PRB) to supervise the functioning of payment systems across the country. The board is chaired by the RBI Governor and includes three nominees from the central government.The PRB replaces the earlier Board for Regulation and Supervision of Payment and Settlement System…
