India’s Index of Industrial Production (IIP) is projected to have slowed down to 1.2 per cent year-on-year in April 2025, down from 3 per cent in March, according to a report by Union Bank of India (UBI). The deceleration is largely attributed to weakened activity in the mining and manufacturing sectors. The report highlights that…
Apple’s chief executive may have wiggle room to get back in the president’s good graces. It starts with the iPhone. Source link
In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the assessment year 2025–26. Returns originally due by July 31, 2025, can now be filed until September 15, 2025. The extension comes amid significant revisions in ITR forms, ongoing system development,…
As the shipping industry struggles to recruit truck drivers, driverless trucks won’t need sleep, won’t speed and won’t get road rage. But experts and truck drivers say they are not a panacea. Source link
As central banks worldwide accelerate their gold purchases to unprecedented levels and steer clear of Bitcoin, economist Peter Schiff sees a clear signal about the future of money. In a recent post on the social media platform X, the vocal gold advocate reignited the debate between traditional bullion and cryptocurrencies, questioning why global monetary authorities…
President Trump and members of Congress want to revive U.S. shipbuilding with subsidies and penalties against Chinese-built ships. But there are obstacles. Source link
World shares were mixed Tuesday, but London’s FTSE 100 and Hong Kong’s Hang Seng Index led regional gains as investors brushed off lingering concerns over global trade tensions. US stock futures also surged ahead of Wall Street’s reopening after the Memorial Day holiday.The FTSE 100 advanced 0.8 per cent to 8,786.34 in early trading after…
A small Vermont business that sells water bottles used by cyclists and others is struggling to adapt to President Trump’s tariffs even after they were temporarily lowered. Source link
Gold prices are up Rs 5,160 from their recent low of Rs 90,890/10 grams recorded on May 15. (AI image) Gold rate today: Gold June futures at MCX initiated trading with a modest increase of Rs 113 or 0.12% at Rs 96,050/10 g, following a decline in the previous session. Gold prices are up Rs…
The latest SBI Research report indicates that swift rate cut transmission results in immediate downward pressure on deposit rates. (AI image) Sub-7 day fixed deposits soon? The Reserve Bank of India (RBI) has requested feedback from banks regarding the possibility of offering term deposits with durations shorter than seven days. Banks are required to provide…
