India’s quick commerce industry is sprinting ahead in metros, but non-metro cities continue to trail behind, held back by weak demand, low digital adoption, and entrenched local shopping habits, according to a report by Redseer.The sector expanded nearly 150% year-on-year in the first five months of 2025, driven by aggressive rollout of dark stores, rapid…
US stocks inched higher on Thursday and Treasury yields surged after stronger-than-expected jobs data tempered expectations of a rate cut in July, pushing the S&P 500 to its fourth all-time high in five trading days.The S&P 500 rose 0.3%, continuing its record-breaking run, while the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average added…
The US labour market continues to defy expectations, with jobless claims falling and payrolls expanding, even as tech giants announce thousands of job cuts. New government data released Thursday showed a drop in unemployment claims alongside stronger-than-expected hiring in June. Jobless claims for the week ending June 28 declined by 4,000 to 233,000, the Labor…
The Confederation of Indian Industry (CII) has called for a comprehensive overhaul of India’s critical minerals policy, urging the government to allow automatic mining rights to companies awarded Exploration Licences. The industry body also pressed for viability gap funding and focused Free Trade Agreement (FTA) provisions to secure strategic mineral supply chains.“Environmental regulations should be…
India is taking a firm stance against US pressure in the proposed trade agreement. (AI image) India and the US are racing to seal a trade deal ahead of American President Donald Trump’s July 9 deadline, when 26% reciprocal tariffs on Indian goods will kick in. Despite India’s chief negotiator Rajesh Agarwal and his team…
Taxpayers have little reason to worry since this year the Income Tax Department has extended the deadline to file IT. (AI image) ITR filing FY 2024-25: It’s the month of July and every year this time, taxpayers are usually scrambling to get together documents to file their income tax return or ITR. However, those who…
Representative image (Picture credit: ANI) India’s startup ecosystem is showing renewed confidence in public fundraising, with at least 12 emerging tech firms filing draft IPO papers this year to collectively raise over Rs 18,000 crore (around $2.2 billion) through fresh share issuances. According to ET, the trend marks a growing shift towards local stock markets,…
India is actively exploring the possibility of signing a social security agreement (SSA) with the United States, in a move that could offer significant financial relief to Indian professionals working abroad. According to ET, the development is part of a broader push by New Delhi to weave such pacts into all future free trade agreements…
Quick commerce is transforming India’s digital retail sector. The growth stands in stark contrast to Chinese counterparts. (AI image) Swiggy and Eternal (Zomato’s parent firm), India’s leading Indian e-commerce stocks, have surpassed domestic indices and Asian counterparts – China included – in the previous month, with swift recovery driving speculation about their competitive edge and…
In a move to enhance transparency and borrower flexibility, the Reserve Bank of India (RBI) has barred banks and other regulated lenders from imposing pre-payment charges on floating rate loans availed by individuals for non-business purposes. The new norms, issued under the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025, will be applicable…
