US President Donald Trump has imposed a 50 per cent tariff on India over its oil trade with Russia, which MEA has called “unjust, unfair and unreasonable”.
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‘Russia lost oil client India’: Trump links economic pressure to Alaska summit with Putin

World News August 16, 2025
This is an AI assisted summary.

US President Donald Trump discussed the economic factors that pushed Russian President Vladimir Putin to the negotiating table in an interview with Fox News. He mentioned that Russia has lost India as an oil client, which could put them in an economic pinch. “Well, they lost an oil client, so to speak, which is India, which was doing about 40 per cent of the oil.”

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RBI Opens M&A Financing to Domestic Banks.
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No hurry for CBDC rollout: RBI deputy governor

Business 4 hr ago
This is an AI assisted summary.

The Reserve Bank of India is carefully planning the launch of a central bank digital currency and emphasizing responsible use of AI in the financial sector. Deputy Governor T Rabi Sankar announced new initiatives at the Global Fintech Fest, such as integrating AI in financial systems and creating a framework for ethical AI adoption.

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Nissan looks to revive India fortunes with new SUV 

Business 4 hr ago
This is an AI assisted summary.

Nissan will introduce the new SUV Tekton in India in 2026, produced at Renault's Chennai factory. It will rival popular models like Hyundai Creta and Kia Seltos. Nissan's India managing director, Saurabh Vatsa, promises a more premium vehicle compared to their previous model, Terrano. This is a part of Nissan's efforts to revive its presence in the Indian market.

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global trade, tariffs on trade, trade news, trade in india, trade in us, china trade, economy, trade
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WTO raises world trade forecast for 2025 to 2.4%, says ‘tariff impact shifted to 2026’

Policy 6 hr ago
This is an AI assisted summary.

The WTO predicts a 2.4% growth in global merchandise trade in 2025, thanks to strong performance in the first half of the year. The report notes the effects of tariff wars on trade, with a delay in their impact until 2026. The rise in demand for AI products is a key factor in trade growth, especially in South-South trade. Services trade is also expected to increase, influenced by AI.

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FM Sitharaman Warns Against Complacency Amid Global 'Structural Transformation.
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14th round of FTA talks with EU : Agarwal to visit Brussels this week

Policy 7 hr ago
This is an AI assisted summary.

Commerce Secretary Rajesh Agarwal will visit Brussels to meet with EU negotiators and take stock of progress made on the proposed FTA. Minister Piyush Goyal will also be in Brussels to discuss the agreement. Negotiations have resumed after an 8-year gap and are expected to conclude by the end of the year. The FTA covers 23 policy areas and is crucial as the EU is India's biggest trading partner.

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Netflix partners with IICT & Ficci

Life 3 hr ago
This is an AI assisted summary.

Netflix India has partnered with IICT and Ficci to support students in the country for AVGC-XR. A memorandum of understanding was signed at Ficci FRAMES 2025 event. The agreement includes scholarships for select students identified by IICT, funded by Netflix's creative equity fund. The fund aims to create opportunities for underrepresented talent in the media and entertainment industry.

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Premium homes dominate as Rs 1-crore-plus sales cross 50%

Business 5 hr ago
This is an AI assisted summary.

The premium housing segment dominates the residential market, with homes above Rs 1 crore making up 52% of sales in Q3 2025. This has impacted the market's health and prices, as high-end home sales grew by 15% while the sub-Rs 1 crore segment declined. New launches and slower absorption are driving prices up and increasing unsold inventory, but the market remains stable.

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DoT eyes December timeline for satellite spectrum allocation

Life 4 hr ago
This is an AI assisted summary.

The Department of Telecommunications (DoT) plans to allocate spectrum to satellite broadband operators in December, with commercial services starting in 2026. However, the delay in finalizing administrative pricing is due to the DoT seeking clarifications from Trai, including the use of DBN fund to subsidize user terminals.

Tata Trusts governance crisis, Tata Sons leadership, Tata Group corporate governance, Noel Tata, N Chandrasekaran, trustee conflict Tata Trusts, government intervention Tata Trusts, boardroom tussle Tata Group
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Govt wants trustees to follow the ‘Tata way’

Business 4 hr ago
This is an AI assisted summary.

The government has intervened to resolve the dispute within Tata Trusts, with Noel Tata and N Chandrasekaran meeting with top officials. The government wants dissenting trustees to follow the "Tata way" to prevent any negative impact on Tata Sons. A meeting of the Trusts is scheduled for October 10, with four dissenting trustees seeking more control over Tata Sons.

RBI's 'Constrained Discretion': Holds Rates Amid Global Uncertainty While Unveiling Major Regulatory Reforms for Banks. (Image Source: Reuters)
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RBI issues draft on ECL framework; proposes 5-year glidepath 

Business 5 hr ago
This is an AI assisted summary.

The Reserve Bank of India has proposed new guidelines for expected credit loss framework, replacing the current provisioning system. The guidelines include staging criteria for asset classification and higher provisions for certain loans. The impact on minimum regulatory capital requirements will be minimal and there will be a five-year transition period.

PhonePe, GPay, Paytm users alert, new UPI transaction rules from October 8.
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NPCI launches biometric authentication for UPI

Business 5 hr ago
This is an AI assisted summary.

NPCI has launched biometric authentication for UPI transactions, using Aadhaar-based Face Authentication. This eliminates the need for managing multiple OTPs or card details, making onboarding faster and simpler for first-time users, senior citizens, and those without easy access to cards.

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Axis Bank may enter M&A financing  in a big way: MD

Business 5 hr ago
This is an AI assisted summary.

Axis Bank CEO Amitabh Chaudhry plans to expand the bank's financing capabilities through mergers and acquisitions following RBI's proposal for a framework for domestic banks. The bank aims to compete with foreign banks in bond and loan syndication and become a leading player in the Indian corporate market.

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‘Regulations that tie the hands of audit firms need to go,’ Vishesh Chandiok

Business 7 hr ago
This is an AI assisted summary.

The PMO-led group is reviewing India's audit regulations to help local firms compete with the Big Four. Changes in advertising and amendments in the Companies Act are being discussed to create large Indian multi-disciplinary partnership firms. CEO of Grant Thornton Bharat, Vishesh Chandiok, highlights the importance of these changes in an interview.

Pharma Stocks Slump on US 100% Tariff News, But Experts Say Generic Exports are Safe.
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Explainer: PRIP can be the magic pill for drug discovery

Business 7 hr ago
This is an AI assisted summary.

The PRIP scheme, valued at Rs 5,000 crore, aims to boost India's pharmaceutical industry by promoting innovation and providing financial assistance for R&D, technology development, and product commercialization. Its effectiveness relies on sustained support, faster regulatory approvals, patent protection, and private funding.

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Media CEOs bat for light-touch regulation, TRAI defends reforms

Business 6 hr ago
This is an AI assisted summary.

Media veterans at FICCI Frames Summit stress on light-touch regulation for growth and innovation in the media and entertainment sector. The sector, valued at Rs 2.5 lakh crore, is expected to reach Rs 3 lakh crore by 2027. Aroon Purie criticizes TRAI for choking the industry, while Sanjay Jaju emphasizes on the need for responsible growth in the OTT industry.

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TVS Group’s Atelier Expressions acquires French porcelain maker JL Coquet

Business 6 hr ago
This is an AI assisted summary.

TVS Venu International, the luxury and lifestyle venture of TVS Motor Company's founding family, has acquired French porcelain maker JL Coquet. Led by Tara S Venu, Atelier Expressions is focused on acquiring heritage brands that embody artistry and elegance. JL Coquet will continue its expansion with new showrooms in New York and Seoul, under Atelier Expressions.

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PayPal launches new interoperable wallet

Business 6 hr ago
This is an AI assisted summary.

PayPal CEO Alex Chriss believes that the future of money lies in domestic digital wallets, which will create a borderless payments ecosystem. With the launch of PayPal World, the company aims to connect local wallets to its platform, allowing users to make payments anywhere in the world.

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Titan sees half of Tanishq sales coming from gold exchange offers

Business 3 hr ago
This is an AI assisted summary.

Titan, India's largest jewellery retailer, is expecting a significant portion of its festive season sales to come from old gold exchange programs. Despite a rise in gold prices, the company reported a growth in domestic sales. However, there has been a decline in buyer count, with premium consumers driving sales.

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Taylor Swift’s “Life of a Showgirl” dominates US box office with $34 million opening

World News 7 hr ago
This is an AI assisted summary.

Taylor Swift's new project 'The Life of a Showgirl' has been a huge hit, with her album breaking records and the accompanying movie topping the Box Office with $50 million in its opening weekend. The release party, featuring exclusive footage and insights from Swift, was a fan favourite. This cements Swift's position as one of the most successful artists in both music and film.

GST cut sparks 21% auto sales surge in first 9 days of festive season: Tata Motors, Eicher Motors lead
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GST cut drives Navratri car sales up 35%

Business 5 hr ago
This is an AI assisted summary.

Passenger vehicle retail sales during Navratri period saw a 35% increase year-on-year, setting the tone for a record-breaking Diwali season. Lower GST rates and festive fervour led to a surge in sales, with a 6% overall growth in September. Two-wheeler, three-wheeler, commercial vehicle, and tractor sales also saw healthy gains.

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Trade deal with US by Nov possible: Goyal

World News 4 hr ago
This is an AI assisted summary.

US and India are determined to finalize their Bilateral Trade Agreement by November, despite the US government shutdown. Talks have been ongoing, with India pushing for the removal of additional tariffs and a reduction in reciprocal tariffs. The talks were postponed in August due to oil-related tariffs, but have resumed with a visit from the US chief negotiator.

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BP to expand India presence with gas, solar and downstream push

Business 9 hr ago
This is an AI assisted summary.

British energy company bp plans to increase investments in India's energy sector, particularly in natural gas, renewable energy, and efficiency technologies. They will be participating in upcoming rounds of Open Acreage Licensing Policy (OELP) and have partnerships with Reliance Industries and ONGC.

The initial public offer of non-banking financial company Tata Capital Ltd has been subscribed to 75 per cent on the second day
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Tata Capital IPO subscribed 75% on Day 2

Market 10 hr ago
This is an AI assisted summary.

Tata Capital's IPO, valued at Rs 15,512 crore, has been subscribed to 75% on the second day of the sale. The company received bids for 24,96,33,260 shares against 33,34,36,996 shares on offer. The QIB portion received 86% subscription, while non-institutional investors and retail investors subscribed to 76% and 67% respectively. The IPO will conclude on Wednesday and the company will use the

The initial public offer of LG Electronics India was fully subscribed on the first day of bidding
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LG Electronics’ IPO gets 1.04 times subscription on day 1

Market 10 hr ago
This is an AI assisted summary.

LG Electronics India Ltd, the Indian arm of South Korea's LG, saw its IPO fully subscribed on the first day of bidding. The three-day IPO received bids for 7,44,73,685 shares against 7,13,34,320 shares on offer. The IPO size is Rs 11,607 crore and the price band is Rs 1,080 to Rs 1,140 per share. The company will not receive any IPO proceeds as it is an offer-for-sale

diet drinks and fatty liver
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This zero-calorie drink can be worse for your liver than sugary beverages: Study

Life 11 hr ago
This is an AI assisted summary.

A recent study challenges the notion that diet sodas are healthier than sugary beverages. It shows that even one diet soda per day can raise the risk of nonalcoholic fatty liver disease by 60%, while sugary drinks increase the risk by 50%. This condition can lead to serious health issues, making water the best choice for hydration.

world bank forecast, world bank india forecast, indian economy, economy of india, world growth, economy news
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Barron Trump’s dream career ended before it began, thanks to his record-breaking height

World News 11 hr ago
This is an AI assisted summary.

The Trump family is known for their impressive height, with Donald Trump standing at 6'2 and his youngest son Barron towering at 6'9. Despite his love for soccer, Barron's height has hindered his dream of pursuing a career in the sport. He has now shifted his focus to business and cryptocurrency becoming one of the wealthiest teenagers with a net worth of $150 million.

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They Call Him OG Day 12 collection: Box office slowdown continues for Pawan Kalyan film

Life 16 hr ago
This is an AI assisted summary.

Sujeeth's action-packed blockbuster "The Call Him OG" starring Pawan Kalyan, Emraan Hashmi (in his Telugu debut), Prakash Raj, Priyanka Mohan, and more has been a hit at the box office, earning over Rs 180 crores domestically and Rs 283 crores worldwide. It faced tough competition from other releases and saw a decline in collections on its 12th day, despite Pawan Kalyan's star power.

Tata Motors-owned Jaguar Land Rover posted a 17.1 per cent decline in retail sales and a 24.2 per cent decline in wholesale sales in the Q2
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India housing market stays resilient in Q3 2025; sales up 1% across eight major cities: Knight Frank
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Home sales inch higher on steady rates, GST cuts: Mumbai, Chennai sales surge

Business 11 hr ago
This is an AI assisted summary.

The Indian real estate sector remained strong in Q3 of 2025, with a 1% increase in sales in major cities. Mumbai and Chennai saw growth, while Pune experienced a decline. The market is stabilizing after a prolonged upcycle, thanks to lower inflation and interest rates. Developers should shift focus to affordable housing as demand for luxury homes is weakening.

Avenue Supermarts share price
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Motilal Oswal recommends Buy on DMart despite 9% slide in 1 month – Here’s why

Market -106 min ago
This is an AI assisted summary.

Motilal Oswal maintains a 'Buy' rating on Avenue Supermarts despite weak Q2 FY26 growth and margins. DMart's revenue grew 15.4% YoY in Q2 FY26, driven by store additions and mid-single digit SSSG. However, margin pressures are expected to continue due to muted SSSG. The company added 8 stores in Q2 FY26 and is expected to add 60 net stores in FY26.

Markets today at close, October 07
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Markets lose momentum in late trade: Nifty at 25,100, Sensex up 135 points

Market 12 hr ago
This is an AI assisted summary.

Indian equity benchmarks ended the day higher, with the Nifty 50 closing 0.12% higher and the Sensex jumping 0.17%. The Nifty Bank settled 0.24% higher, while midcap stocks surged. The BSE Midcap declined 0.45%, and the BSE Smallcap finished 0.15% lower. Analysts believe that the markets may see a short-term pause, but the overall trend remains positive.

NITI Aayog CEO BVR Subrahmanyam said that India should have strong trading relations with its neighbouring countries.
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NITI Aayog chief stresses need for strong arrangements with neighbors, including China

Business 12 hr ago
This is an AI assisted summary.

NITI Aayog CEO emphasizes the significance of robust trading ties with neighbouring countries, especially China and its $18 trillion economy. Reforms to be announced before Diwali, with first reports already submitted. Learning from other nations, increasing trade with neighbours crucial. CEO urges focus on Asia and competing with China, acknowledging past missed chances for India.

NRI Grooms in US Face Marriage Market Uncertainty Amid Visa Crackdown
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World Bank lifts India’s FY26 growth to 6.5% but warns US tariffs and AI disruptions could slow South Asia’s economy in 2026.
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World Bank raises India’s FY26 growth forecast to 6.5%

Policy 13 hr ago
This is an AI assisted summary.

The World Bank predicts India's economy to grow at 6.5% in FY26, making it the fastest-growing major economy. However, US tariffs on Indian exports could hinder growth. The report emphasizes the need to reduce trade barriers and invest in AI skills to boost growth and create jobs.

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Coldrif row explained: Multiple states ban ‘toxic’ syrup after 14 deaths; what went wrong

Life 12 hr ago
This is an AI assisted summary.

The sale of Coldrif cough syrup has been banned in multiple states due to high levels of toxic substance DEG. 14 children, mostly under 5, have died from consuming the syrup, sparking a nationwide investigation and arrests. The Centre has warned against giving the syrup to children under 2 and suggests safer alternatives like honey and steam inhalation.

Nirmala Sitharaman launches foreign currency settlement system at GIFT IFSC
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FM Nirmala Sitharaman launches foreign currency settlement system at GIFT IFSC

Business 15 hr ago
This is an AI assisted summary.

Finance Minister Nirmala Sitharaman launched a foreign currency settlement system in GIFT IFSC to enhance liquidity management and ensure compliance. India ranks third in fintech and leads in digital transactions. The government aims to support the fintech sector while also making strides in the global AI arena with a $1.3 billion mission.

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Why Taylor Swift isn’t performing at the Super Bowl — singer explains on The Tonight Show

World News 14 hr ago
This is an AI assisted summary.

The Super Bowl Halftime Show is a must-see event featuring iconic performances from top artists like Michael Jackson, Beyonce, and Lady Gaga. Taylor Swift has yet to perform, but Bad Bunny will headline next year's show with a political message. Swift clarifies rumours of her refusal, stating she was never formally offered and is focused on her own projects.

Indian authorities are investigating Adani Enterprises' defence unit for evading import taxes
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The September auto retail sales were a tale of stark contradictions
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The big GST boost: Post-GST sales account for 63% of total auto sales in September

Business 15 hr ago
This is an AI assisted summary.

September auto retail sales saw a mix of slow growth and high demand due to Shraadh and buyers waiting for revised GST rates. However, as Navratri and new rates began, sales picked up with a 34% YoY growth. Two-wheeler and passenger vehicle sales also saw a decline in September, but remained higher on a yearly basis. Overall, the auto sector reported a 5.22% YoY growth.

Parag Parikh, ex-CFO of Adani Total Gas, joins GPS Renewables as CEO of GPSR Arya
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Parag Parikh joins GPS Renewables as CEO after exiting Adani Total Gas

Business 15 hr ago
This is an AI assisted summary.

Parag Parikh, former CFO of Adani Total Gas, has joined GPS Renewables as CEO of GPSR Arya. With over 25 years of experience, he brings valuable expertise in finance and business leadership. GPS Renewables, with partnerships with major oil companies, is developing biogas projects worth $1 billion and expanding into bioLNG and green methanol.

Institutional investments in India’s real estate sector grew 11 per cent YoY to $1.27 billion
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Indian real estate sees 9% dip in institutional investment in 2025 says Colliers

Business 15 hr ago
This is an AI assisted summary.

Institutional investments in India's real estate sector grew 11% YoY to $1.27 billion in Q2 of FY26, but saw a 9% YoY decline in the first half of 2025 due to cautious investor approach amid global tension. However, the average investment in the past 5 years has been $4 billion, with a total of $4.3 billion in Jan-Sept 2025. Domestic investors are now dominating the market, with foreign

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Billionaire disowns his son over fraud allegations 
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America’s richest real estate barron disowns son over $2m scam

World News 15 hr ago
This is an AI assisted summary.

America’s richest real estate tycoon, Donald Bren, has reportedly cut ties with his son amid serious accusations of defrauding investors of over $2 million. David Bren, the 33-year-old son of the billionaire, finds himself surrounded by a slew of lawsuits over an “ultimate man cave” scam.

JM Financial on Marico today, October 07
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JM Financial sees 16% upside in Marico after GST 2.0: 3 factors fuelling bullish call

Market 16 hr ago
This is an AI assisted summary.

JM Financial upgrades Marico's target price to Rs 825 and maintains a 'Buy' rating, indicating a 16% potential upside. Strong sales and expected earnings growth in the second half despite GST disruption. Revenue growth in the 30s exceeds expectations due to pricing and recovery in other segments. Copra prices may affect margins in the short term.

Tesla Optimus robot Tron Ares premiere
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Tesla Optimus robot ‘tries to start a fight’ at Tron premiere after attacking a worker

World News 16 hr ago
This is an AI assisted summary.

Tesla's custom Optimus humanoid robots made their red carpet debut at the premiere of Tron: ARES, the highly-anticipated third installment of the sci-fi series. Tesla boss Elon Musk shared photos and videos of Optimus at the premiere on social media. However, amidst the buzz, a lawsuit against Tesla for a robot attacking a worker during a maintenance shift went unnoticed.

maithili thakur
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Home-schooled in village, bullied by peers: Maithili Thakur’s inspiring journey

Life 10 hr ago
This is an AI assisted summary.

Maithili Thakur, the 25-year-old singer from Bihar, is making headlines once again as she is rumored to be contesting in the Bihar Assembly Election 2025 from her home constituency, Madhubani. BJP in-charge for Bihar, Vinod Tawde, shared pictures of his meeting with Maithili and her father, along with Union Minister of State for Home, Nityanand Rai, in New Delhi. Maithili rose to fame after her

SEBI issues show cause notice to Anil Ambani-led Reliance Infrastructure and Reliance Power over alleged fraudulent practices
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