A viral claim circulating across social media platforms has sparked widespread discussion about the future of India’s currency system, with many users alleging that the Reserve Bank of India (RBI) is preparing to replace traditional paper banknotes with plastic currency. However, a detailed fact-check has revealed that the claim is misleading and lacks official confirmation....
Quick-commerce startup Zepto has disclosed in its draft initial public offering (IPO) documents that its co-founders, Aadit Palicha and Kaivalya Vohra, received summons from the Enforcement Directorate (ED) in connection with an investigation under the Foreign Exchange Management Act (FEMA). The disclosure brings regulatory scrutiny into focus as the company prepares for one of the...
The Indian rupee staged a notable recovery in early trading on Tuesday, appreciating by 20 paise against the US dollar as global market conditions turned more favorable. The domestic currency strengthened to 95.41 against the greenback, reversing a portion of the losses recorded in the previous trading session and offering some relief to investors and...
Indian benchmark equity indices witnessed a significant decline on Friday as escalating geopolitical tensions between Iran and Israel sparked widespread risk aversion among global investors. The sell-off dragged key market indices to their lowest levels in nearly two months, reflecting growing concerns over potential disruptions to global trade, energy markets, and economic stability. The sharp...
As artificial intelligence capabilities continue to accelerate at an unprecedented pace, leading AI company Anthropic has issued a stark warning about the future trajectory of advanced AI systems. The company has raised concerns over the possibility of AI models eventually developing the ability to improve themselves without direct human intervention, a milestone that experts believe...
Prime Minister Narendra Modi has welcomed India’s latest economic growth figures, describing them as a strong endorsement of the government’s reform-oriented policies and long-term development strategy. Reacting to the recently released Gross Domestic Product (GDP) data, the Prime Minister emphasized that the country’s journey of “Reform, Perform, and Transform” will continue with renewed momentum. The...
Millions of Americans could see larger tax refunds and lower tax liabilities under a new set of tax measures expected to take effect in 2026, according to details emerging from the latest federal tax reform initiative backed by President Donald Trump. The proposed changes are designed to provide targeted relief to working families, middle-income earners,...
In a significant policy move aimed at strengthening foreign capital inflows and enhancing the attractiveness of India’s debt market, the central government has announced the removal of capital gains tax and withholding tax on investments made by eligible foreign investors in government securities. The decision comes at a time when policymakers are seeking to reinforce...
The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
In a significant move aimed at protecting India’s aviation sector from global energy market turbulence, the Union Cabinet has approved a one-time ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund. The measure is designed to shield domestic airlines from sharp fluctuations in jet fuel prices that have emerged due to ongoing geopolitical tensions and...