Jerome Powell, the Chair of the Federal Reserve, has a clear and cutting warning regarding the new wave of tariffs from the Trump administration: The economic fallout could be more severe than many expect. In an appearance before the Economic Club of Chicago, Powell said that the actual scale of
Just days before its landmark antitrust trial began, Meta tried to settle the case by making a USD 450 million offer, a move that was led personally by CEO Mark Zuckerberg. Reports say that Zuckerberg contacted Federal Trade Commission (FTC) Chairman Andrew Ferguson in late March with the offer. However,
The semiconductor sector faced a sharp pullback on Wednesday after the U.S. imposed new export restrictions on advanced artificial intelligence (AI) chips, and the leading chipmakers Nvidia and AMD bore the brunt of the action. Nvidia's stock tumbled 6.9% after it disclosed a USD 5.5
The latest UNCTAD report sees India positioned to remain the fastest-growing major economy in 2025. It sees India growing by 6.5% in 2025, continuing from about 6.9% in 2024. But UNCTAD sees the global economy struggling with growth and only managing to generate a paltry 2.3% in
The Indian equity market on Wednesday continued its winning streak, for the third day in a row, propelled by a rally in the BFSI and FMCG sectors. The BSE Sensex surged 309.40 points to close at 77,044.29, while the Nifty increased with more ease, tacking on 108.
India’s dynamic and fast-growing QSR coffee chain, Nothing Before Coffee (NBC), has raised $2.3 million in a Pre-Series A funding round led by Prath Ventures. The round also saw participation from SYL Investments. This marks a major milestone in NBC’s journey as it continues to redefine India’
Garuda Aerospace, India’s most valuable drone startup, has successfully raised INR 100 crores in its Series B funding round from Venture Catalysts (VCAT) at a valuation of $250 million. This strategic infusion of capital marks a major milestone in Garuda Aerospace’s mission to bolster indigenous drone manufacturing and
In a clear uptick in trade tensions, China has told its domestic airlines to stop receiving new planes from the U.S. aerospace giant Boeing. This order, as reported by Bloomberg News and our sources close to the situation, seems to be a direct answer to the recent tariff hikes
On Tuesday, India's equity markets surged, marking a remarkable recovery as trading resumed after an extended weekend. The NSE Nifty 50 Index rose 2.4% and is currently above where it was earlier this month. This brings it to a place where it's not just recovering
In March, India recorded a significant drop in its retail inflation. It zoomed all the way down to its lowest point since August 2019. The country's annual Consumer Price Index (CPI) now reports a number of 3.34%. That is well below the market's forecast of
The swift action taken by the Securities and Exchange Board of India (SEBI) against Gensol Engineering Ltd has led to a ban on the company and its promoter directors from engaging in the securities market. The ruling affects Anmol Singh Jaggi and Puneet Singh Jaggi, who headed the firm until
AI platform Gupshup has axed close to 500 people over the past five months in what it claims is an effort to boost profitability and streamline operations. About 200 were cut off earlier this month, following a larger chop of 300 in December 2024. The rapidly growing company that achieved
Since UPI is now widely used in daily life, from paid professionals to street vendors, people across the country are alarmed by this proposed change. If put into effect, this new UPI rule would significantly impair regular digital payments.
As it was previously reported in the media, Goldman plans to reduce its workforce by 3-4% in Q2, which translates to approximately 1,900 job losses. According to reports, Goldman is urging other VPs and managing directors (MDs) to relocate to less expensive areas like Salt Lake City.
Customers will be able to connect with verified professionals through the app, such as financial advisers, astrologers and spiritual experts, event planners and entertainers, travel and leisure specialists, education and skill trainers, and health and wellness specialists.
The company plans to strengthen its presence across Tier 2 and Tier 3 cities by opening 400 new branches in a phased approach over the next four quarters. Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on Consumer & MSME Lending, has expanded its portfolio of secured lending
Innopay Technologies, an emerging leader in BBPS payments, announced its collaboration with MMTC-PAMP to launch Innopay Gold, a platform for accumulating 99.99% pure 24K digital gold. Investments can range from as little as INR 2 to as much as INR 1,00,000 per day, offering individuals the opportunity
According to a release from TapFin, "GoGreen Capital will offer leasing solutions, business loans, and commercial asset loans that are specific to the clean mobility, battery, and solar ecosystems."
The program will offer an overall INR 18-20 crore in fast-track funding, tailored go-to-market support, and strategic mentorship to 5–6 selected ventures. Capital-A, an early-stage B2B-focused venture capital firm, has partnered with SanchiConnect, India’s leading deeptech ecosystem platform, to launch MaXcel, a first-of-its-kind accelerator dedicated to startups and
According to the document, the framework will also try to safeguard responsible content creation, safeguard consumer interests, encourage equity in influencer marketing, and stop harmful or deceptive messages.
The complainant claims that OYO gave "inaccurate information" that led to the notices. The FIR cites a number of people in addition to OYO and Agarwal for criminal conspiracy, forgery, cheating, and criminal breach of trust under the Bharatiya Nyaya Sanhita (BNS).
* The funds will be used to expand BeastLife's product line, enhance R&D & scale distribution with a focus on delivering high-quality, science-backed supplements tailored for athletes & fitness enthusiasts across India. * The brand's equity split includes Gaurav Taneja holding a 40% stake, Raj Gupta
In a recent move, the Reserve Bank of India lowered the repo rate by 25 basis points to reach 6%. The banks responded quickly, trimming their fixed deposit (FD) interest rates in short order across a range of tenures. The shift is now pretty much where you want it, aimed