Small businesses across the United States that rely on federal contracts and funding are facing a severe cash crunch as the country’s longest-ever government shutdown stretches into its seventh week, forcing owners to cut costs, delay payments, and even consider layoffs, according to AP report.Lawmakers are returning to Washington to vote on a stopgap funding…
The finance ministry has directed public sector banks (PSBs) to ramp up lending to micro, small and medium enterprises (MSMEs) and the agriculture sector while maintaining healthy growth in low-cost deposits and ensuring strong risk management, according to an official statement issued on Wednesday.Chairing a performance review meeting with bank chiefs, Department of Financial Services…
Artificial intelligence firm Anthropic on Wednesday unveiled an ambitious $50 billion plan to build a new network of data centres in collaboration with UK-based Fluidstack, signalling its intent to expand rapidly as global demand for AI infrastructure surges, AFP reported.The facilities — to be built initially in Texas and New York –will form the foundation…
India’s fast-growing Global Capability Centre (GCC) ecosystem — which already employs 1.9 million professionals — is set to create an additional 2.8 to 4 million jobs by FY30, according to a new report by TeamLease. But as expansion accelerates, the study warns, operators will face an increasingly complex regulatory and compliance environment, PTI reported.The report,…
US stocks edged higher on Wednesday, with benchmark indices inching toward record levels as easing worries over the government shutdown and a rebound in technology shares buoyed investor sentiment, according to an AP report.The S&P 500 rose 0.2% in early trade, nearing its all-time high from two weeks ago, while the Dow Jones Industrial Average…
American aerospace giant Boeing has downplayed concerns that India–US trade frictions could hit its operations, saying that tariff disputes have no bearing on its commercial or defence business in the country, ET reported.Salil Gupte, President of Boeing India, said the company continues to see India as a key market for growth and industrial partnership, even…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
India is poised to become the epicentre of global oil demand growth over the next decade, the International Energy Agency (IEA) said in its latest Global Energy Outlook 2025, citing rapid economic expansion, industrialisation, and rising vehicle ownership as key drivers of energy consumption.According to the Paris-based agency, India’s energy demand is projected to rise…
The All India Consumer Food Price Index (CFPI) saw a year-on-year inflation rate of -5.02% (Provisional) for October 2025 versus October 2024. (AI image) October retail inflation FY 2025-26: The Consumer Price Index (CPI) inflation for the month of October dropped to a 10-year low of 0.25% according to government data. This is a reduction…
NEW DELHI: Net direct tax collection has grown 7% so far this fiscal year to over Rs 12.9 lakh crore on higher corporate tax mop-up and slower refunds. Refund issuances dropped 18% to over Rs 2.4 lakh crore between April 1 and Nov 10. Net corporate tax collection during the period stood about Rs 5.4…