A new term is making headlines in financial circles—Trumpcession. It refers to a potential U.S. recession linked to Donald Trump’s economic policies, and recent data suggests it may already be unfolding. As markets react to the latest economic indicators, investors worldwide are bracing for potential turbulence. The Atlanta Fed’s GDPNow model, a widely respected real-time …
With the announcement of the 8th Pay Commission, Central government employees are eager to understand how their salaries will change post-implementation. The commission, approved by Prime Minister Narendra Modi, is expected to be constituted by 2026, aligning with the conclusion of the 7th Pay Commission’s term. While specific financial details are yet to be disclosed, …
New Delhi, Mar 5 (PTI) New York-based asset management firm Brookfield on Wednesday announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India for an undisclosed sum of money. The sale will be structured in two phases, Brookfield Asset Management Ltd said in a statement. “The first …
New Delhi, Mar 5 (PTI) Number of Indian high-net-worth individuals (HNWIs), those having assets more than USD 10 million, rose 6 per cent last year to 85,698, according to Knight Frank. Global property consultant Knight Frank on Wednesday released its ‘The Wealth Report 2025’, which estimated the HNWI population in India at 85,698 in 2024, …
New Delhi [India], March 5 (ANI): The HSBC India Services PMI rose to 59.0 in February, up from January’s 26-month low of 56.5, indicating a sharp expansion in business activity. India’s services sector expanded at a stronger pace in February, driven by rising domestic and international demand, leading to increased new orders, higher employment, and …
New Delhi, Mar 4 (PTI) The government has slapped a USD 2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries Ltd and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi High Court’s decision …
New Delhi, March 4 (IANS) Achieving 100 GW of nuclear power by 2047 will require a focused and determined approach, adding around 4 GW annually from now onwards, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Tuesday. Emphasising that nuclear energy is critical for India’s Net Zero goal …
Foxconn has launched its operations in India through its subsidiary, Ennoconn Corp, a Taiwan-based manufacturer specializing in Industrial IoT and hardware, with a focus on the country’s industrial automation and digital transformation sector. According to news reports, “Ennoconn has already established a company in Tamil Nadu and plans to introduce its products to the Indian …
OPEC+ recently announced that it will move forward with its scheduled oil production increase in April, a decision that comes after U.S. President Donald Trump once again urged OPEC and Saudi Arabia to lower oil prices. This will be the first production hike since 2022 for OPEC+, which comprises the Organisation of the Petroleum Exporting …
In his first speech to a joint session of the US Congress, President Donald Trump aimed India’s import duties, accusing the country of imposing tariffs that are detrimental to US businesses. Specifically, Trump pointed out that India levies automobile tariffs exceeding 100%. His remarks were part of a broader criticism of trade imbalances and unfair …
