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US–China trade thaw? Beijing buys $300 million in US soybeans after Trump–Xi phone call

China has purchased at least 10 cargoes of US soybeans, valued at approximately $300 million, following a call between Presidents Trump and Xi. These deals signal a potential thaw in trade relations, with shipments scheduled for January. Despite higher prices than Brazilian alternatives, state-run COFCO has been a significant buyer, with broader purchase agreements in […]

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Cabinet clears two major rail multitracking projects in Maharashtra & Gujarat – details

The Indian government has approved two major railway projects totaling Rs 2,781 crore, adding 224 km of track in Maharashtra and Gujarat. These initiatives aim to boost connectivity, ease congestion, and support economic growth, aligning with the PM Gati Shakti vision. The projects will enhance mobility for millions and significantly improve freight movement, contributing to

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Aadhaar cleanup: UIDAI disables 2 crore deceased persons’ IDs; MeitY urges families to report deaths

India’s UIDAI has deactivated over 2 crore Aadhaar numbers of deceased individuals, a significant step in cleaning its database. This initiative, drawing data from various government sources, aims to prevent identity fraud and misuse of welfare benefits. Family members can now report deaths online, streamlining the deactivation process and enhancing security.

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Inflation? Why Thanksgiving is cheaper this year (and what that says about the economy)

Let’s begin with the headline. The average cost of the classic Thanksgiving dinner for ten has dipped a few percentage points. The centrepiece of this softened inflation narrative is the turkey. A standard bird is significantly cheaper this year — the sharpest drop in years — and it has lowered the overall cost of the

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No finance degree needed: Sebi widens eligibility for advisers and analysts; all you need to know

Sebi has broadened eligibility for investment advisers and research analysts, now permitting graduates from any discipline to register, provided they meet certification requirements. This move significantly expands the talent pool for these regulated roles. Additionally, Sebi has eased corporatisation rules for individual advisers, offering more time for transitions after crossing client or fee thresholds.

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Gold price today: Yellow metal jumps sharply; check 24K, 22K city-wise rates

Gold prices surged on Tuesday, driven by increasing expectations of a US Federal Reserve rate cut in December following dovish comments from officials. This optimism pushed bullion higher for the third consecutive session, with traders increasing bets on easier monetary policy. City-wise prices also saw an uptick across major Indian cities.

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Fiscal strain: Moody’s says tax cuts slow govt revenue; will it limit support for the economy?

India faces tighter finances as tax cuts reduce revenue. Moody’s Ratings notes this limits government economic support. Lower tax collections are impacting fiscal goals. Easing inflation and monetary policy are expected to boost household spending. Domestic demand and infrastructure spending remain key growth drivers for India’s economy.

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Trade compliance push: Commerce Ministry maps global non-tariff rules; exporters asked to share data

The commerce ministry is mapping global non-tariff measures to boost export quality and technical compliance. The DGFT is compiling a database of regulatory requirements, urging exporters to submit information within seven days. This initiative aims to support the Export Promotion Mission and address challenges posed by NTMs, which can increase costs and cause shipment delays.

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Air India plans major upgrade with new jets, lounges; vows ‘world-class’ service by 2026

Air India is undertaking a significant fleet and cabin refresh, aiming to restore passenger confidence following a tragic June crash. Visible improvements across aircraft, including upgraded seats and interiors, will begin rolling out from 2026, with a focus on international flights. New lounges are also planned in key global cities.

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AI bets pay off: Alibaba posts 5% revenue rise as AI app hits 10 million downloads; cloud business accelerates

Alibaba’s September quarter saw a revenue surge, exceeding expectations, driven by its popular new AI app, Qwen, which garnered over 10 million downloads in its first week. Despite a dip in net profit due to heavy AI investments, the company’s cloud computing revenue also jumped significantly, highlighting its strong push into artificial intelligence and infrastructure.

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