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Business
Kospi Takes a Dive: South Korean Benchmark Falls 7.5%, Activating ‘Sidecar’ Mechanism for Investors
South Korea’s stock market faced a significant downturn on Thursday, with the benchmark Kospi dropping 7.49% amid heavy selling in technology stocks. This decline triggered a five-minute trading halt on…
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Business
US Tech Professionals Return to India Amid H-1B Visa Uncertainty, Facing Salary Cuts
Thousands of Indian tech professionals are returning from the United States, driven by visa uncertainties and a challenging job market. Despite the influx, the Indian job market does not offer…
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Business
Sergio Gor Provides Update on India-US Trade Deal Amid Trump’s Sanctions Threat
US Ambassador to India Sergio Gor announced on Thursday that the two nations have made significant progress on their trade deal agenda, with negotiations advancing at an “incredible pace.” He…
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Business
India and US Trade Agreement: First Phase Completed, Legal Drafting in Progress, According to Piyush Goyal
The India-US trade deal has progressed to the legal drafting stage, according to Commerce and Industry Minister Piyush Goyal. He stated that the agreement would be operational once India secures…
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Business
IMF Supports India’s Updated GDP Calculation as Aligned with Best Practices
The International Monetary Fund (IMF) has endorsed India’s revised method for calculating gross domestic product (GDP), stating it aligns with sound statistical practices and the guidance provided by the organization.…
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Business
India’s Merchandise Exports Surge in September, Narrowing Trade Deficit and Boosting Shipments to the US
India’s merchandise exports surged by 23.04% year-on-year to reach $44.40 billion in September 2026, up from $36.08 billion in the same month last year, according to data from the Ministry…
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Business
Government Requires Caller ID Display for All Incoming Calls Starting November 1
The Department of Telecommunications (DoT) has mandated that telecom operators implement Calling Name Presentation (CNAP) by November 1, 2026. This service will display the caller’s name on the recipient’s phone…
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Business
Taiwan Advances on Alaska LNG Agreement Following Trump’s Announcement of 30% Output Purchase
Taiwan is advancing negotiations to purchase liquefied natural gas (LNG) from Alaska, with plans to invest up to $4.4 billion in the project. This announcement follows U.S. President Donald Trump’s…
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Business
Bank of America Faces $1.21 Billion Fine Over Chinese Money Laundering and Sanctions Violations Involving Russia and Iran
Bank of America has been hit with a $1.21 billion fine by U.S. regulators for failing to detect and report billions in suspicious transactions. The U.S. Treasury Department stated that…
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Business
India’s Efforts to Strengthen Relations with China Amid Uncertain Future, Says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal announced on Wednesday that India is actively working to rebuild its relationship with China. He emphasized that future engagements remain open, contingent on…
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Business
Vande Bharat Express: ICF Launches First Train in 2019, RCF and MCF Set to Produce Semi-High Speed Train Sets by 2026
Vande Bharat Express trains are expanding their production capabilities, with the Rail Coach Factory (RCF) in Kapurthala successfully testing its first 16-coach Vande Bharat Chair Car train set at speeds…
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Business
India-US Trade Deal Approaches Conclusion: Insights from Jaishankar and Piyush Goyal on Negotiations and Bilateral Relations
NEW DELHI: External Affairs Minister S. Jaishankar confirmed that India and the United States are actively engaged in discussions to resolve differences over a proposed trade deal. He indicated that…
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Business
Understanding RBI’s New CAS Initiative: Monitor Fixed Deposits, Shares, and Mutual Funds Across Multiple Banks
The Reserve Bank of India (RBI) has announced significant changes to the Consolidated Account Statement (CAS) and the interoperability of account aggregators, aimed at enhancing investor convenience. Effective from December…
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Business
US Inflation Rises to 3.7% in September Amid Surge in Gasoline Prices
US consumer inflation accelerated in September, driven by a surge in gasoline prices and persistent underlying price pressures. The consumer price index (CPI) rose 3.7% year-on-year, up from 3.4% in…
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Business
Fairfax of Canada Acquires 60.2% Stake in IDBI Bank for Rs 53,000 Crore, Marking Major FDI in Indian Banking Sector
Canada-based Fairfax Financial Holdings is set to acquire a 60.72% stake in IDBI Bank for approximately Rs 53,000 crore ($5.5 billion). This transaction will be the largest foreign investment in…
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