China will expand its private pension scheme nationwide starting December 15, following a successful pilot launched in 36 cities in November 2022. This initiative aims […]
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Indian Rupee Hits Record Low as Dollar Demand Soars; RBI Steps in with Intervention
On December 12, the Indian rupee hit its lowest point ever, falling to 84.8625 against the US dollar. This was due to strong demand for […]
Japan to Raise Taxes in 2026 to Double Defense Spending by 2027
Japan will raise taxes in 2026 to support increased defense spending, aiming to double it to 2% of GDP by 2027. The government plans to […]
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Tesla Hits Record Weekly Sales in China, Model Y Leads the Charge
Tesla achieved record-breaking sales in China during the first week of December 2024, delivering 21,900 electric vehicles—the highest weekly figure for the fourth quarter. This […]
Morgan Stanley’s India Strategy: Sensex Target of 93,000 by 2025, With Strong Sector Preferences
India’s equity market continues to be the top investment choice among emerging markets, with Morgan Stanley projecting a 14% upside for the BSE Sensex by […]
SEBI Proposes New Framework for ITM Stock Options to Mitigate Risks
SEBI is exploring a new plan to manage in-the-money (ITM) single stock option contracts. Instead of leading directly to physical delivery, these options will first […]
Apple to Invest $1 Billion in Indonesia for Local Smartphone Component Manufacturing
Apple Inc. is planning to invest $1 billion in a new manufacturing plant in Indonesia, aimed at producing smartphone components. This initiative comes in response […]
India’s Services Sector Growth at 58.4 in November, Slightly Below Expectations Amid Rising Costs
India’s services sector continued to show strong growth in November, with the HSBC India Services PMI registering 58.4, slightly lower than the expected 59.2 and […]
MicroStrategy Sells Shares for $1.48B, Acquires 15,400 Bitcoins; MARA Holdings Launches $700M Offering for Bitcoin and Notes Repurchase
MicroStrategy sold 3.7 million shares for $1.48 billion and still holds $11.3 billion for future issuance. It bought 15,400 bitcoins for about $1.5 billion at […]
India to Update GDP Base Year to 2022-23, Aims to Improve Economic Data Accuracy
India will change the base year for calculating its Gross Domestic Product (GDP) from 2011-12 to 2022-23, as announced by Statistics Minister Rao Inderjit Singh […]
JPMorgan and Tesla Settle Lawsuit Over Musk’s 2018 ‘Funding Secured’ Tweet
JPMorgan Chase and Tesla have decided to end their legal fight over a $162 million stock warrant issue related to Elon Musk’s 2018 tweet about […]
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RBI in Talks with Traders, May Cut CRR to Boost Liquidity Amid Cash Shortage and Rising Borrowing Costs
India’s central bank, the RBI, has been talking more with traders about the cash situation in the banking system, sparking speculation that it might take […]