Mumbai commuters and transport operators are set to face increased travel expenses after compressed natural gas (CNG) prices in the Mumbai Metropolitan Region (MMR) were raised by ₹2 per kilogram. The revised rate of ₹84 per kg came into effect from midnight on May 14, impacting lakhs of vehicle owners who rely on CNG as...
Air India is set to significantly reduce its global operations by cancelling and suspending around 400 international flights every month between June and August, in response to mounting operational challenges driven by rising fuel prices and ongoing geopolitical instability affecting global air routes. The airline’s decision reflects a broader strain on the aviation sector, where...
In a significant policy decision aimed at regulating precious metal inflows and strengthening macroeconomic stability, the government has raised the import duty on gold and silver to 15 percent. The move is expected to reshape bullion trade dynamics, impact domestic prices, and curb rising imports of precious metals. Policy Objective Behind the Duty Hike The...
London’s commercial property sector is heading toward a major structural shake-up as new environmental compliance rules threaten to render a large share of office buildings unfit for future leasing. Industry analysis indicates that the majority of office stock in key business districts such as Westminster and the City of London may fail to meet upcoming...
India’s leading investment platform Groww witnessed a sharp recovery in its share price after an intense selloff triggered by a large-scale stake sale from early investors. Shares of Billionbrains Garage Ventures, the parent company of Groww, surged nearly 6% in trading despite three major US-based investors collectively offloading shares worth approximately ₹5,326 crore through block...
The United States administration has proposed a significant increase in minimum wage requirements under the H-1B visa programme, a move that could dramatically alter hiring practices for foreign skilled workers and reshape the business strategies of global technology firms. Under the proposed regulation, prevailing wages for H-1B visa holders could rise by nearly 30 percent...
In a significant policy move aimed at safeguarding foreign exchange reserves and stabilizing the domestic currency, the Government of India has increased the import duty on gold and silver from 6% to 15%. The decision comes against the backdrop of escalating geopolitical tensions in West Asia and mounting pressure on India’s forex reserves. Officials indicated...
OpenAI has announced the creation of a new business-focused division aimed at accelerating the adoption of artificial intelligence solutions across global enterprises. The move, supported by a massive $4 billion investment, signals the company’s growing commitment to expanding beyond consumer-facing AI tools and strengthening its position in the rapidly evolving corporate technology market. The newly...
Rising Global Tensions Ripple Through Bangladesh Economy Ongoing disruptions linked to the Iran conflict are creating significant economic pressure in Bangladesh, pushing up the cost of imports while simultaneously weakening export performance. The resulting imbalance is affecting key industries, household incomes, and overall economic stability in one of South Asia’s most trade-dependent economies. Economic analysts...
Gold prices witnessed a significant decline in domestic bullion markets on Monday, while silver registered strong gains as investors reacted to mounting geopolitical uncertainty in West Asia and shifting global economic signals. The sharp movement in precious metal prices came amid heightened concerns over rising crude oil prices, inflationary pressures, and uncertainty surrounding global monetary...