The US Federal Reserve’s decision to cut rates by 50 basis points is unlikely to prompt an immediate reaction from RBI. This move could help stabilize the rupee and lower borrowing costs. Experts have mixed opinions on its impact, with some seeing benefits for NBFCs while others remain cautious about broader economic effects.
Read MoreTupperware’s Indian operations remain stable despite the US-based parent company’s Chapter 11 bankruptcy filing. Local manufacturing supports this stability, and recent festive season sales have surged. The company aims to evolve into a digital-first, technology-led enterprise while continuing to provide innovative products through consultants, retail partners, and online platforms.
Read MoreThe US Federal Reserve has lowered its benchmark interest rate by half a percentage point to bolster the labour market. The new rate range is now 4.75% to 5%. Further cuts are expected in 2024 and 2025 as policymakers balance inflation and employment goals amid rising economic uncertainties.
Read MoreThe United States reaffirms its long-standing opposition to supporting Pakistan’s ballistic missile program, emphasizing continued enforcement of sanctions for national security. Recent US sanctions targeted a Chinese research institute and companies for allegedly supplying missile-related items to Pakistan. In response, Pakistan criticized the actions as biased and politically motivated.
Read MoreCongress has unveiled seven guarantees for Haryana before the assembly elections, including a caste census and legal guarantee for minimum support price. Other pledges include free electricity up to 300 units, Rs 2,000 monthly for women aged 18-60, and reinstating the Old Pension Scheme. The state will vote on October 5.
Read MoreA wave of mysterious device explosions in Lebanon has left nine dead and over 300 injured. These incidents come after a similar attack on Hezbollah members, blamed on Israel. The explosions have intensified regional tensions, raising concerns about potential conflict escalation.
Read MoreIndia has asked Pakistan to review the 1960 Indus Waters Treaty, highlighting issues such as cross-border terrorism and environmental concerns. This follows recent terror attacks and disputes over hydroelectric projects. India seeks a reassessment of treaty obligations due to significant changes in circumstances, including population demographics and clean energy needs.
Read MoreFinance Minister Nirmala Sitharaman has unveiled NPS Vatsalya, a new pension scheme designed for minors to foster long-term financial security. The initiative was simultaneously launched at 75 locations across India, distributing over 250 PRANs to young subscribers. The scheme aims to instill saving habits early and leverage compounding for substantial future wealth.
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