India’s Global Capability Centres (GCCs) could contribute as much as $0.5 trillion to the country’s gross value added (GVA) over the next decade, as India advances toward becoming a $10 trillion economy, a top Goldman Sachs executive said on Monday.Gunjan Samdani, Co-Chairman of Goldman Sachs India, said the GCC sector is expected to directly employ…
The cryptocurrency has extended its rally as lawmakers consider legislation that would bring digital tokens further into the mainstream. Source link
The rupee weakened by 12 paise to close at 85.92 against the US dollar on Monday, hit by rising global crude oil prices and a firm greenback, even as the Reserve Bank of India stepped in to limit losses. The domestic unit had ended at 85.80 per dollar on Friday.At the interbank foreign exchange market,…
Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law. Source link
A high-level committee has approved a framework to enable the transfer of surplus land and buildings held by telecom PSUs — Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL), and ITI Ltd — to central government organisations without an auction.The proposal, cleared at a meeting of the Committee of Secretaries in June, allows…
A proposal before the Senate to strip funding from the Corporation for Public Broadcasting could be catastrophic for local stations, particularly those in rural areas. Source link
India is set to increase its presence in the United States market. This is due to changes in Washington’s tariff policies. Niti Aayog reports India will gain competitiveness in many product categories. The US has higher import tariffs on countries like China and Mexico. This creates an opportunity for Indian exporters. India’s merchandise exports and…
The Department of Veterans Affairs claimed credit for canceling contracts that had not been canceled, and tallied savings unrelated to the cost-cutting efforts. Source link
US manufacturing is showing persistent signs of stagnation despite a policy push from both political sides — with President Donald Trump deploying steep tariffs and former President Joe Biden previously handing out subsidies — to shore up domestic industry. Job losses and tepid production data point to a sector still waiting for momentum to return.Factories…
The deal follows Google’s $2.4 billion investment in Windsurf, an A.I. start-up, as companies race to gain technological talent and provide A.I. tools. Source link
