On Wednesday, May 7, the U.S. Federal Reserve chose to leave its benchmark interest rate unchanged at 4.3%, despite the mounting pressure from President Donald Trump to cut borrowing costs. This marks the 3rd consecutive meeting with no rate change, following a series of three cuts in late 2024. Despite the pause, economists and market …
According to the news reports. Starlink, the satellite internet venture of Elon Musk’s SpaceX, is set to enter the Indian market after receiving a Letter of Intent (LoI) from the Department of Telecommunications (DoT). The development follows Starlink’s compliance with India’s rigorous national security protocols and represents a significant move toward expanding internet access across …
The Government of India is offering a wide range of internships this May for students and young professionals looking to gain practical experience, certification, and in many cases, a stipend. These internships span across law, energy, child rights, women’s development, policy planning, and more. Here’s a comprehensive guide to nine active internships, complete with details …
Routematic, a company that provides transport services for corporate workers, has raised US$40 million in Series C funding. The money came from two sustainability-focused investors—Fullerton Carbon Action Fund and Shift4Good. Routematic Moving From Testing to Expansion After working on its technology for 12 years, Routematic is now ready to grow. The company is gradually shifting …
The Reserve Bank of India (RBI) is set to make a significant surplus transfer to the Indian government for the fiscal year 2025 (FY25), which could reach as high as ₹3 lakh crore, as per Economic Times report citing reports by economists. This figure exceeds initial projections and could be 50% higher than the ₹2.1 …
In a significant stride towards greater transparency and inclusivity, the Reserve Bank of India (RBI) has introduced a consultative framework for framing regulations. Announced on Tuesday, this move reflects the central bank’s intent to enhance stakeholder engagement, align with global best practices, and ensure that its regulatory policies remain relevant and efficient in a rapidly …
India and the United Kingdom have successfully closed negotiations on a landmark Free Trade Agreement (FTA), marking a pivotal moment in their expanding economic relationship. This is the first comprehensive trade pact between the two nations and is poised to significantly boost bilateral trade, with a shared goal of doubling trade volumes to $120 billion …
According to the latest World Economic Outlook released by the International Monetary Fund (IMF), India is poised to become the world’s 4th-largest economy in 2025, overtaking Japan. The report projects India’s nominal GDP will climb to $4.19 trillion next year, narrowly surpassing Japan’s estimated $4.18 trillion. The IMF highlights India as the fastest-growing major economy, with growth …
As per CNBC-TV18 reports, tax authorities are increasing efforts to ensure that global digital service providers pay their fair share of taxes. It suggests that several foreign companies offering services to Indian users continue to avoid registering under India’s Goods and Services Tax (GST) laws, even after changes in rules last year. Tightening the Net …
India’s electric vehicle (EV) journey is accelerating rapidly, and if the current momentum is sustained, the country could see up to 123 million EVs on its roads by 2032, according to a joint report by the India Energy Storage Alliance (IESA) and Customised Energy Solutions (CES). This growth supports India’s larger climate objectives and could …
