Since returning to the White House in January 2025, US President Donald Trump’s financial choices have drawn attention, with many questioning how he is investing his money. New disclosures released by the US Office of Government Ethics on Wednesday (local time) reveal that Trump has put more than $100 million into bonds.The filings, reported by…
China is considering allowing the usage of yuan-backed stablecoins for the first time in a move aimed at boosting the global adoption of its currency, sources familiar with the matter told Reuters. If approved, the plan would mark a significant reversal of China’s earlier hardline stance against digital assets.According to the sources, the State Council…
GoM backs centre’s GST reform plans NEW DELHI: The Group of Ministers (GoM) on GST rate rationalisation accepted the Centre’s proposal to reduce the current four-slab structure to two, Bihar Deputy Chief Minister Samrat Choudhary said on Thursday. The GoM, chaired by Choudhary, endorsed the move to scrap the existing 12 and 28 per cent…
PM to launch new metro services in Kolkata NEW DELHI: Prime Minister Narendra Modi will inaugurate multiple metro projects in Kolkata on Friday (August 22).The PM, during his visit to West Bengal, will flag off a newly built 13.61-km metro corridor with services to be launched on these route.His schedule also includes green-lighting a new…
India’s economic growth beat RBI predictions in FY26 Q1 The Indian economy likely achieved a robust growth rate between 6.8 per cent and 7 per cent in the initial quarter of the current fiscal year, surpassing the Reserve Bank of India‘s projection of 6.5 per cent, according to State Bank of India (SBI) analysis.According to…
India’s oil import map has changed with Russia gaining significant ground (AI image) Russia’s increasing dominance in India’s oil imports has altered trading dynamics but the position of major suppliers from the Middle East has been mostly maintained.Iraq, Saudi Arabia and the UAE remain primary suppliers, while smaller exporters have seen their market presence shrink,…
Gold prices expected to rise (AI-image) Gold prices may scale another record by the end of this year, with Comex futures projected to hit $3,600 per ounce, according to Ventura Securities. The brokerage attributed the rally to global economic headwinds, geopolitical risks and robust investment demand, as reported by PTI.“With inflationary pressures, a softening US…
Image used for representative purposes India’s Nayara Energy Ltd., facing EU sanctions, has adapted by utilizing dark-fleet tankers for transport and limiting its crude import options to maintain operations.Indian government has expressed concern about potential disruptions to oil flows affecting national energy security. They have authorised at least one coastal tanker recently to assist the…
India-China relations seem to be improving (AI image) India could ease visa restrictions for Chinese business professionals, signalling improved bilateral relations. This will enable executives from companies like Vivo, Oppo, Xiaomi, Byd, Hisense and Haier to enter India after a nearly five-year hiatus, according to government and industry officials, quote by Economic Times. The officials…
CHENNAI: A little over a year after UltraTech Cement acquired India Cements, billionaire industrialist Kumar Mangalam Birla‘s building materials flagship is set to sell Rs 740 crore worth of India Cements shares to comply with Sebi’s minimum public shareholding norms. Currently, UltraTech owns 81.5% of India Cements, while the capital market regulator’s rules mandate that…
