The world now has more billionaires than ever before, with their combined wealth hitting record high this year! In 2025, the global billionaire club hit an all-time high. UBS counted 2,919 billionaires on April 4– the largest number since the bank began tracking the data in 1995. Their combined wealth reached $15.8 trillion, a 13%…
US President Donald Trump is once again floating the idea that tariffs could one day replace federal income taxes in the United States, reviving a proposal that has been the focus of his economic approach since the 2024 presidential campaign.Trump claims that the revenue generated from tariffs is rising fast enough to eventually eliminate the…
India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…
US stocks hovered close to record levels on Monday as investors stayed cautious ahead of a key Federal Reserve decision, even as select stocks moved sharply on takeover news and index reshuffles.The S&P 500 was largely flat in early trade and sat about 0.3% below its all-time high set in October, while the Nasdaq Composite…
IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…
President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…
Meesho’s shares are trading at a grey market premium (GMP) of Rs 40–41 apiece ahead of their stock market debut on Wednesday, December 10, signalling an expected upside of about 36% over the issue price.The initial public offering, which opened on December 3 and closed on December 5, has entered the allotment stage, with the…
Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…
Credit rating agency Moody’s has flagged IndiGo’s recent flight disruptions as credit negative, saying the airline failed to adequately plan for aviation regulations that had been known well in advance. The rating agency said the large-scale cancellations and delays point to significant lapses in planning and operational oversight, even though the revised Flight Duty Time…
Public sector banks (PSBs) have written off loans worth Rs 6.15 lakh crore over the last five-and-a-half years, with the exercise aimed at cleaning up balance-sheets rather than waiving borrower liabilities, Parliament was informed on Monday, PTI reported.“As per Reserve Bank of India (RBI) data, PSBs have written-off an aggregate loan amount of Rs 6,15,647…
