Robinhood and Revolut, two popular fintech platforms, are reportedly exploring the possibility of launching their own stablecoins. As the global stablecoin market reaches a staggering […]
Category: Business
India to Marginally Hike Minimum Wages for Informal Sector Workers from October 1
The Indian government has announced a marginal increase in minimum wages for workers in informal sectors, including construction, mining, and agriculture, effective from October 1. […]
India’s August Economic Report: Public Expenditure Boost, Rural Demand Growth, Inflation Outlook, and Impact of Uneven Rainfall on Farm Output
India’s August Economic Report highlights several key trends that shape the current economic outlook. The report suggests that public expenditure is expected to pick up […]
X Releases First Transparency Report After Rebranding: 5.29 Million Accounts Suspended, 10.6 Million Posts Deleted in 6 Months
Social media platform X (formerly known as Twitter) has released its first transparency report since being rebranded by Elon Musk. This report covers the first […]
Income Tax Rules Changing from October 2024: Key Updates on TDS, Insurance, Mutual Funds, and F&O
Starting October 1, 2024, several new income tax rules will come into effect, affecting everything from mutual funds to insurance payouts, government bonds, and futures […]
China Politburo Unveils Bold Economic Measures: Focus on Fiscal Spending, Real Estate Stabilization, and Income Growth
On September 26, China’s Politburo held a meeting to discuss the country’s current economic situation and plan future economic strategies, according to state media reports. […]
Finance Minister Nirmala Sitharaman Urges AIIB to Expand Non-Lending Services for Low-Income Countries
India’s Finance Minister Nirmala Sitharaman recently called on the Asian Infrastructure Investment Bank (AIIB) to expand its non-lending services, especially for low-income countries. These services […]
Petrol and Diesel Prices May Be Reduced After October 5, According to CLSA
For the first time since March 2024, petrol and diesel prices in India might see a reduction after October 5. This speculation follows comments made […]
China’s Central Bank Cuts Reserve Requirement Ratio to Stimulate Economy
China’s economy is experiencing a slowdown, prompting the People’s Bank of China (PBOC) to take decisive action to stimulate growth. Under the leadership of Governor […]
Zerodha Revenue Hits Rs 8,320 Crore in FY24, Profit at Rs 4,700 Crore: CEO Nithin Kamath
Zerodha, one of India’s leading stockbrokers, saw its revenue reach ₹8,320 crore in the financial year 2024 (FY24), with a profit of ₹4,700 crore. This […]
EU Investigates Deutsche Boerse and Nasdaq for Potential Antitrust Violations in Financial Derivatives Sector
Deutsche Boerse and Nasdaq are under investigation as the European Union (EU) probes possible antitrust violations in the financial derivatives market, according to Reuters. On […]
RBI’s Regulatory Actions to Curb Credit Growth, S&P Global Forecasts 6.8% India GDP Growth and Rate Cut
S&P Global Ratings has suggested that recent regulatory measures taken by the Reserve Bank of India (RBI) could lead to a slowdown in credit growth […]