China’s government and Communist Party unveiled a comprehensive plan to boost domestic spending amid economic tensions with the US and other regions. The initiatives include improving pensions, medical benefits, and wages. Despite local governments facing financial strain, Beijing aims to…
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As the Indian market reels in from the various global economic shocks that came in the form of policy changes in the form of “Trump Tariffs” and the Russia-Ukraine war nearing its end, let’s look at how the macroeconomic indicators…
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State-owned Engineers India and MECON, alongside four private firms, have been shortlisted for RBI’s project to modernize its currency management infrastructure. The project aims to create advanced storage, introduce automation, enhance security, and improve efficiency to meet future cash needs.…
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Former Finance Secretary SC Garg has criticized the government’s stagnant privatization efforts over the past four years, attributing the lack of progress to ideological attachment to the public sector and political resistance. He calls for urgent reform, raising the critical…
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Digital lenders, NBFCs, and banks disbursed Rs 74,500 crore through the Account Aggregator framework in the first half of this fiscal year. The AA ecosystem facilitated 5.47 million loans, highlighting significant growth, particularly among salaried individuals, self-employed professionals, and small…
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Samsonite attributes its weak performance in Asia to intense competition and discounting by VIP and Safari in India, impacting sales of its American Tourister brand. CEO Kyle Gendreau notes challenges in India due to reduced retail traffic and consumer spending.…
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