Business Trade
India and the United States are continuing dialogue over a proposed bilateral trade agreement, with Commerce Minister Piyush Goyal saying that both sides hope to “find a landing ground” on key issues. He confirmed that discussions are ongoing at various levels even amid a U.S. government shutdown. Trade Deal Timeline and Challenges Goyal indicated that […]
Business Finance
The Reserve Bank of India (RBI) will roll out a pilot project for deposit tokenisation starting October 8, 2025. The initiative will be anchored on the wholesale version of the central bank’s digital currency (CBDC). Concept of Deposit Tokenisation Deposit tokenisation involves converting a traditional bank deposit into a digital token that mirrors the same […]
Business
Tata Consultancy Services (TCS) has cancelled the press conference originally scheduled to announce its Q2 (July-September 2025) results. The company will still release its results and host a call with analysts, but the public event has been called off. Reason and Context The move comes amid speculation that the cancellation is tied to a tradition […]
Markets
Gold prices crossed the $4,000 per ounce mark for the first time on October 8, as investors rushed towards safe-haven assets amid rising economic and geopolitical concerns. Spot gold touched $4,011, while December futures climbed above $4,030. What’s Driving the Rally The surge is being fueled by expectations of a U.S. Federal Reserve rate cut, […]
Business Finance
The Union Finance Ministry has revealed that ₹1.84 lakh crore in financial assets remain unclaimed across banks, regulatory bodies, and financial institutions. To address this, Finance Minister Nirmala Sitharaman launched a nationwide campaign titled “Aapki Poonji, Aapka Adhikar (Your Money, Your Right)” that will last three months. Extent Of Unclaimed Assets The unclaimed
Business Finance
The Reserve Bank of India (RBI) has issued a draft framework amending norms for lending by banks and NBFCs to related parties. Under the new proposal, only loans beyond certain scale-based thresholds will require board or committee approval. Scale-Based Thresholds Smaller banks with assets below ₹1,000 billion would need board approval only for related-party loans […]
Business Finance
India’s Goods and Services Tax (GST) collections for September 2025 stood at ₹1.89 lakh crore, reflecting a 9.1% year-on-year growth compared to the same month last year. This is the ninth straight month when GST revenues have remained above ₹1.8 lakh crore. Drivers of Growth The growth was supported by robust domestic demand, steady imports […]
Business Trade
The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) came into effect on October 1, 2025, as announced by Commerce Minister Piyush Goyal. The pact involves Switzerland, Norway, Iceland, and Liechtenstein. Key Features of the Agreement Under TEPA, EFTA will remove or reduce tariffs on about 92.2% of […]