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Philanthropy boost: Michael and Susan Dell pledge $6.25bn for ‘Trump Accounts’ launch; major gift aims to spur families to sign up

Billionaires Michael and Susan Dell have pledged $6.25 billion to seed children’s investment accounts created under President Trump’s legislation. This significant contribution aims to provide an initial deposit for 25 million children under 10, fostering hope and opportunity for future generations. The program, set to launch in 2026, encourages long-term savings for education, housing, or […]

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US markets today: Wall Street firms up as yields level off; bitcoin stabilises and tech stocks drive early gains

US equities saw a steadier mood as Treasury yields eased and bitcoin rebounded, helping major indices regain ground. Investors favored technology stocks, with MongoDB and United Natural Foods posting significant gains. This optimism countered a slide in Signet Jewelers due to a weak holiday forecast. Global markets showed modest movements, with South Korea’s Kospi notably

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Will RBI cut repo rate again? All eyes on December policy meeting; here’s what experts say

As the RBI’s Monetary Policy Committee meets, experts are divided on a potential repo rate cut. While strong GDP growth and easing inflation present opposing forces, some analysts believe a cut is possible to support growth. However, others anticipate the central bank will maintain the current rate due to economic resilience.

Will RBI cut repo rate again? All eyes on December policy meeting; here’s what experts say Read More »

Trump sanctions: India’s crude imports from Russia at 5-month high – can it continue?

India’s Russian crude imports are set to dip following US sanctions on major oil firms, but a permanent shift is unlikely. Refiners are strategically sourcing from non-sanctioned Russian entities and other global suppliers. Despite temporary disruptions, India’s demand for cost-effective Russian oil, coupled with emerging workarounds, suggests continued, albeit indirect, procurement.

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India-Russia ties: Moscow signals readiness to fix trade deficit; energy, defence and new payment architecture on agenda

Russia is keen to address India’s trade deficit concerns and boost imports, aiming to shield bilateral commerce from third-country pressure. Ahead of President Putin’s visit, Moscow highlighted plans to stabilize crude supplies and strengthen cooperation in defense, energy, and nuclear technology. Discussions will also cover peaceful negotiations regarding the Ukraine conflict and counter-terrorism efforts.

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IPO buzz: Rs 40,000 crore set to be raised by firms from upcoming listings; led by ICICI Prudential AMC, Meesho

India’s IPO market is buzzing with activity, with nearly two dozen companies set to launch public issues soon, potentially raising Rs 40,000 crore. This surge, driven by strong retail participation and domestic inflows, includes major names like ICICI Prudential AMC and Meesho. Experts anticipate a record fundraising year, highlighting investor confidence and a robust economic

IPO buzz: Rs 40,000 crore set to be raised by firms from upcoming listings; led by ICICI Prudential AMC, Meesho Read More »

Private sector data: Over 2 lakh private companies closed in 5 years; govt flags monitoring for suspicious cases

More than two lakh private companies have shut down in India over the last five years. This includes companies closed due to amalgamation, conversion, dissolution, or being struck off. The government has no current proposal for employee rehabilitation. A significant number of inactive companies were removed from records. Reforms aim to simplify the tax system

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Data check: October IIP slows to 0.4% versus 4% in September; check details

India’s industrial output saw a slowdown in October 2025, registering a mere 0.4% growth compared to 4% in September. This dip is attributed to fewer working days during major festivals. While mining and electricity sectors experienced declines, manufacturing showed resilience, driven by key industries like basic metals and refined petroleum products.

Data check: October IIP slows to 0.4% versus 4% in September; check details Read More »

Indian buyers secure huge soy oil deal: Traders lock in over 150k tons/month from South America; here’s why

Indian importers are securing substantial volumes of South American soybean oil for delivery in 2026, anticipating a surge in palm oil prices. This strategic move is driven by expectations of tightened palm oil supplies due to Indonesia’s planned biodiesel expansion and concerns over global availability.

Indian buyers secure huge soy oil deal: Traders lock in over 150k tons/month from South America; here’s why Read More »

Cyberfraud on rise: Fraudsters shift focus towards small business accounts; exploit PANs and fake Udhyam certificates

Financial fraudsters are increasingly targeting small business and current accounts to move illicit funds, a shift from previous reliance on retail and Jan Dhan accounts. Scammers are exploiting easy access to business PANs and fake Udhyam certificates to open these accounts, which are then used as mule accounts to obscure the trail of stolen money.

Cyberfraud on rise: Fraudsters shift focus towards small business accounts; exploit PANs and fake Udhyam certificates Read More »