The government has directed public sector banks to create a unified digital portal to streamline startup loan applications, sanctions, and information-sharing. Expected by October, the proposed startup hub portal will feature a single application form accessible to all PSBs.
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India’s SUV sales experienced their first decline in over five years in June, dropping by 2.1% due to factors like IT layoffs and economic uncertainties. This slowdown, coupled with sluggish overall car demand, suggests potential buyer fatigue.
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Anil Ambani was questioned by the Enforcement Directorate for over nine hours regarding an alleged ₹17,000 crore bank loan fraud case. The ED has summoned other individuals linked to the Reliance Group, including Amitabh Jhunjhunwala and Sateesh Seth, for questioning.…
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Donald Trump’s administration is increasing tariffs on goods routed through third countries. This targets potential tariff evasion, especially by Chinese companies. The US aims to reduce reliance on Chinese supply chains. Experts say Vietnam benefited from previous trade diversions. The…
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U.S. stocks closed lower as investors assessed the impact of tariffs, with Yum Brands and others citing trade duties in their results. The U.S. trade deficit narrowed, but a services sector activity measure showed rising costs due to import taxes.…
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The government has no plans to stop the supply of ₹500 notes, and ATMs will continue to dispense them along with ₹100 and ₹200 denominations, Minister of State for Finance Pankaj Chaudhary told Parliament. RBI has directed that by September…
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