India’s foreign exchange reserves reached a record high of $692.3 billion as of September 20, marking six consecutive weeks of growth, according to RBI data released on Friday. The reserves increased by $2.8 billion in the latest reporting week and had risen by a total of $19.3 billion over the previous five weeks. The...
Read MoreDisney has paused the production of a movie based on Neil Gaiman’s book following allegations from five women accusing him of misconduct between 1986 and 2022. These claims include sexual assault and groping. Another TV series related to Gaiman has been cancelled, and the future of other projects remains uncertain.
Read MoreTesla’s Grunheide factory in Europe is experiencing high absenteeism, with a 17% sick leave rate in August. CEO Elon Musk is looking into the issue. Production has been paused multiple times due to protests and supply chain disruptions. Workers report high workloads and pressure from management during sick leaves.
Read MoreDuring the third day of the UP International Trade Show in New Delhi, Fieo organized a session with several governmental bodies including the Ministry of Micro, Small & Medium Enterprises. This platform aimed to equip Indian exporters with essential insights and strategies for expanding their global market presence.
Read MoreChief Economic Advisor V Anantha Nageswaran projects India’s economy to grow at 6.5-7% this financial year. He attributes this to post-Covid recovery, prudent fiscal policies, and stable macro indicators. The importance of the MSME sector for job creation and enhancing women’s workforce participation was also discussed.
Read MoreAt UN, Erdogan skips mention of Kashmir, a first since 2019
Read MoreIndian households’ net worth has soared to a record 157% of GDP in Q1 FY25, largely driven by substantial investments in equity and mutual funds. However, household debt has concurrently reached an unprecedented 42% of GDP. This dual rise highlights both increased financial assets and growing liabilities among Indian households.
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