MUMBAI: The Reserve Bank of India (RBI) has set about easing lending norms while tightening its financial oversight. Its latest rules promise cheaper and more flexible loans for borrowers, wider access to credit against gold, and easier capital-raising avenues for banks. Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting—measures…
The United States is once again staring at a possible government shutdown. Unless Congress agrees on a funding deal before midnight on September 30 large parts of the federal government will run out of money and be forced to close from October 1.Here’s what’s happening and why it matters. What is a government shutdown? A…
China issued a strong protest on Monday against the United States’ decision to broaden its export restriction catalogue, stating it would implement essential steps to protect Chinese companies’ rightful interests.The United States implemented stricter controls on Monday targeting firms in China and various nations that employ subsidiary operations to circumvent limitations on semiconductor manufacturing equipment…
The Reserve Bank of India’s Monetary Policy Committee (MPC) commenced its three-day deliberations on Monday, with markets largely expecting a status quo on the key interest rate. However, some experts see room for a 25 basis points (bps) cut amid benign inflation and GST-driven tax relief. The panel, headed by RBI Governor Sanjay Malhotra, is…
Electronic Arts (EA), the creator of globally popular video games including “Madden NFL,” “Battlefield,” and “The Sims,” is poised to exit public markets after agreeing to a $55 billion acquisition. The deal, one of the largest leveraged buyouts ever, will transfer EA into private ownership, giving the company room to restructure without the scrutiny of…
Union minister Ashwini Vaishnaw, along with Bihar Deputy Chief Minister Samrat Choudhary, on Monday inaugurated seven new trains in Bihar, including three Amrit Bharat Express services. The launch raises the total Amrit Bharat Express services originating from Bihar to 26 out of 30 nationwide, strengthening connectivity within the state and across the country.The newly flagged…
India’s industrial sector recorded a steady growth of 4.0% year-on-year in August 2025, according to the Quick Estimates of the Index of Industrial Production (IIP) released by the ministry of Statistics and Programme Implementation. This marks an improvement over the 3.5% growth reported in July 2025. The overall IIP for August 2025 stood at 151.7,…
Since the implementation of GST 2.0, the National Consumer Helpline (NCH) has received nearly 3,000 complaints related to the tax cuts, Consumer Affairs Secretary Nidhi Khare said on Monday.“Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes…
This Navratri, rural India is spending more on cars, motorcycles, televisions, beauty products, and premium watches, with several categories outpacing pre-GST sales figures.The trend signals a strong revival in entry-level demand following the overhaul of the goods and services tax (GST). More vehicles sold in rural India Automakers like Maruti Suzuki, Hyundai and Tata Motors…
India’s initial public offering (IPO) market has made a remarkable comeback over the past year, raising nearly double the funds of the previous year even as broader stock markets struggled.Between October 2024 and September 2025, 86 IPOs brought in Rs 1,70,897 crore, compared with Rs 90,436 crore that 88 IPOs raised in the same period…