The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…
The circulation of central bank digital currency (CBDC), or e-rupee, surged to Rs 1,016 crore by the end of March 2025, up from Rs 234 crore a year earlier, according to the Reserve Bank of India’s (RBI) annual report released on Thursday.The RBI also indicated that it is exploring cross-border CBDC pilot projects, though it…
Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore for the fourth quarter ended March 31, 2025, while reaffirming its target to achieve profitability in the ongoing fiscal.The company had posted a net loss of Rs 416 crore during the same quarter of the previous financial year, PTI reported.Revenue from operations…
The Reserve Bank of India’s (RBI) balance sheet expanded by 8.20 per cent year-on-year, reaching Rs 76.25 lakh crore as of March 31, 2025, according to the central bank’s Annual Report for 2024-25 released on Thursday. The increase contributed to a significant dividend payout of Rs 2.69 lakh crore to the central government.The report noted…
India’s economy in PPP terms stands at $15 trillion, whilst the United States maintains $ 29 trillion. (AI image) The Indian economy’s size in Purchasing Power Parity (PPP) terms is $15 trillion which is more than half the size of the US economy, NITI Aayog Vice-Chairman Suman Bery has said. He explained that whilst India’s…
India is set to be the main engine of global economic growth in 2025 and 2026, according to the World Economic Forum’s (WEF) Chief Economists Outlook report. The report, which surveys leading economists, highlights India’s strong economic fundamentals and positive outlook despite ongoing global uncertainties. “India, the region’s largest economy, looked set to be the…
Florida Governor Ron DeSantis signed a new law on Tuesday that officially recognises gold and silver coins as legal currency in the state and exempts them from sales tax.The move positions Florida as the largest state to take this step, with the law set to take effect on July 1, 2026, pending ratification by the…
The court ruling is being seen as a considerable obstacle for Trump’s efforts to reshape America’s trade relations globally. (AI image) A US trade court has dealt a blow to President Donald Trump’s reciprocal tariff plans saying that the American president has ‘overstepped’ his authority. The court has blocked the implementation of most of Donald…
By the end of December, Indian Railways will achieve ‘Scope 1 net zero’, successfully offsetting 2.2 million tonne CO2. In a big boost to Indian Railways‘ green plans, the national transporter is set to reach its net zero objectives in the current year, significantly earlier than its 2030 target, primarily due to comprehensive electrification efforts.By…
NEW DELHI: Banks will remain closed in Himachal Pradesh on Thursday, May 29 in observance of Maharana Pratap Jayanti, according to the Reserve Bank of India’s (RBI) state-wise holiday calendar.However, banks in the rest of the country will function as usual.Maharana Pratap Jayanti honours the birth anniversary of Maharana Pratap Singh, a legendary Rajput warrior…
