The RBI has announced that interest rates for its floating rate savings bonds for July to December 2025 will remain unchanged at 8.5%. The interest rate is the same as before, from the period of January to June 2025. In a statement dated July 1, 2025, the RBI said, “Accordingly, the coupon rate on FRSB…
Certain aspects of Donald Trump’s financial portfolio, particularly his investments in stocks and cryptocurrency, are publicly accessible. (AI image) What is US PresidentDonald Trump’s net worth? Trump has often called himself a billionaire – but the actual net worth is not easy to assess. The exact value of Trump’s assets remains unclear, primarily because his…
US employers could be facing a $82.3 billion bill thanks to US President Donald Trump’s sweeping tariff regime, a new report has revealed. This could be a deep financial toll on American businesses, potentially triggering price hikes, layoffs, hiring freezes or lower profit margins.The report, Exposure to tariffs for midsize firms by metro area, published…
Kuwait began enforcing a new electronic exit permit system for expatriate workers in the private sector, in a move that marks a major shift in the country’s labour and travel policies.From July 1, 2025, all foreign employees under Article 18 of the Foreigners’ Residence Law must obtain prior approval from their employer to travel abroad….
Sovereign Bold Bond (SGB) redemption: Bought sovereign gold bonds in 2017 or 2018? You are in for good news as the RBI announced the redemption prices for the SGBs, offering a return of over 200%.The Reserve Bank of India (RBI) announced the redemption price for two sovereign gold bond tranches due for premature redemption on…
Oracle Corp’s stock soared 4% on Monday to a record $218.63 after a regulatory filing revealed a major cloud computing agreement that could add more than $30 billion in annual revenue beginning fiscal 2028. The deal, which was disclosed ahead of a company-wide meeting, marks a significant milestone in Oracle’s pivot to AI infrastructure and…
As the globe’s third-largest oil importer and consumer, India brings in over 80% of its oil requirements from abroad. (AI image) India is currently evaluating plans to construct three additional strategic oil storage facilities to enhance its emergency reserves and bolster energy security, according to the chief executive of the organisation responsible for strategic reserves.Currently,…
The HDFC Bank-supported HDB Financial IPO attracted bids worth Rs 1.61 lakh crore. (AI image) HDB Financial Services share price today: HDB Financial Services made its market debut on July 2, with shares opening at Rs 835 on both BSE and NSE, seeing a 12.8% premium over the IPO issue price.The HDFC Bank-supported HDB Financial…
This is an AI-generated image, used for representational purposes only. India’s $280 billion IT services industry is set to post a lacklustre first-quarter performance for FY25, with top-tier firms likely to report flat to marginal revenue growth amid prolonged decision cycles and cautious tech spending by global clients, reported ET, citing analysts.Among the top six…
This is an AI-generated image, used for representational purposes only. Retailers in India are ramping up discounts, accelerating deliveries, and launching extended sale events this festive season, aiming to revive discretionary spending after a year of sluggish consumer sentiment. With festivals such as Teej, Raksha Bandhan, Janmashtami, and Ganesh Chaturthi falling earlier this year, brands…