Business Markets
On Monday, Asian stock markets fell sharply as doubts resurfaced over escalating trade tensions between the United States and China. Key Indexes Slide In Hong Kong, the Hang Seng Index dropped nearly 3.5%. In mainland China, the CSI 300 Index fell about 1.8%. The Shanghai Composite also declined. Trigger: Trade Escalation The sell-off came after […]
Business
The Enforcement Directorate (ED) on Friday arrested Ashok Kumar Pal, the Chief Financial Officer of Reliance Power, for his alleged role in a ₹68.2 crore fake bank guarantee scheme tied to a Solar Energy Corporation of India (SECI) tender. Details of the Allegation ED officials allege that Pal orchestrated the submission of a bogus bank […]
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