INFORMAL ECONOMY
India’s truckers brace for first diesel price hike in four years
In the backdrop of impending elections, truck fleet operators across India are seeing storm clouds on the horizon with expected fuel rationing and a steep rise in diesel prices. The flare-up in the Middle East is sending shockwaves through global oil supplies, forcing state refiners to reconsider their strategies amid rising inflation.
Is the RBI fighting the wrong battle? Why rate hikes may not solve India’s current inflation problem
Rising oil prices due to the West Asia conflict have lifted inflation expectations, but underlying demand in India remains weak. Despite market signals pointing to possible rate hikes, historical trends and current macro conditions suggest the RBI may hold off, favouring supportive monetary policy amid fragile growth and supply-driven inflation pressures.
Air India unveils first retrofitted B787-8: Check new features, cabin interiors, routes & more
Air India has revealed the updated cabin interiors and new livery for its first retrofitted Boeing 787-8 aircraft. The plane underwent extensive upgrades at Boeing's facility in California. This modernization is part of a $400 million plan to enhance the airline's fleet. The revamped aircraft now features a three-class configuration, aligning with Air India's latest widebody standards.
Establish 'GST-like' industrial land council for dispute resolution: CII
Industry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve disputes. A key recommendation is a unified, GIS-enabled land bank for transparency and faster investment decisions. The report also advocates for uniform stamp duties and a digital single-window system to streamline industrial land processes across India.
US-Iran war: Tehran doubles down on closing the Strait of Hormuz as the ceasefire nears expiration
US-Israel war with Iran: Tehran is maintaining its blockade of the Strait of Hormuz. This action continues as long as the United States maintains its blockade of Iranian ports. Mediators are working to extend a ceasefire between the two nations. Tensions remain high as the war enters its eighth week. The situation threatens global energy supplies and regional stability.
Don’t trust the hype: Why earnings quality matters more than broker calls in today’s volatile market
In volatile markets driven by liquidity, geopolitics and AI disruption, earnings quality is becoming more critical than brokerage recommendations. The article highlights structural biases in analyst calls and outlines key red flags investors should track, emphasising independent analysis and cash-backed earnings over headline profit numbers.
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Cabinet approves DA increase, extends PMGSY-III timeline
Central government employees and pensioners will receive a 2% dearness allowance and dearness relief increase. This move aims to offset rising inflation. The Pradhan Mantri Gram Sadak Yojana-III has also seen its validity extended. An increased outlay of over ₹83,000 crore will support rural road development. These initiatives are set to boost the rural economy and improve connectivity.
Cabinet extends validity of third phase of rural road scheme, raises outlay to Rs 83,977 crore
The Union Cabinet has extended the Pradhan Mantri Gram Sadak Yojana-III deadline to March 2028 for plain areas and March 2029 for mountainous areas. This revised outlay of Rs 83,977 crore aims to boost the rural economy by improving market access and reducing transport costs.
Financial resilience must include India’s credit-invisible workforce
India's strong digital finance infrastructure faces a challenge. Many informal workers lack financial resilience due to volatile incomes and limited savings. Global disruptions increase their budget stress.
Crude oil, copper, gold: The 3 commodities every beginner should track (and why they move!)
Crude oil, copper, and gold are essential for new traders to grasp global market movements. Crude oil reflects energy trends, copper signals economic growth, and gold acts as a safe haven during uncertainty. Understanding these commodities provides a strategic advantage for informed trading decisions. Their price movements impact inflation, stock markets, and everyday life.
Pakistan keen for early approval for next IMF tranche: Aurangzeb
Pakistan is eager for the International Monetary Fund's next loan installment. A Fund team will visit next month for crucial review talks. This comes as Pakistan's Finance Minister met IMF officials in Washington. The country aims to secure funds to bolster its economy. Discussions also covered global economic shocks and reform progress.
Lagarde: Iran war to have mid-term effect on inflation
The Iran war poses risks to Europe's economy. Growth may slow, and inflation could rise beyond forecasts. The European Central Bank is watching closely. Policymakers are considering interest rate hikes to manage energy-driven price shocks. Decisions will depend on incoming data. The situation remains uncertain as the bank monitors developments.
Climate crisis is a gender issue, women face higher risks, less representation
Climate change disproportionately impacts women, who are often excluded from decision-making despite their crucial roles in crisis response. Addressing this gendered issue requires empowering women with access to resources, finance, and leadership opportunities. India's initiatives, like training Climate Champions and implementing heat insurance, demonstrate a path towards equitable climate resilience.
US stocks today: S&P 500, Nasdaq retreat as rally momentum begins to fade
Wall Street’s main indexes retreated after hitting intraday record highs as investors weighed Middle East developments and a fresh wave of earnings. Optimism over potential diplomacy with Iran supported sentiment, but analysts warned the rally remains largely sentiment-driven without strong economic backing.
Trump to introduce KYC rules in US under citizenship data - here's what to know and documents required
Citizenship KYC rules USA 2026: America may soon see stricter banking rules. The Trump administration is considering a proposal to collect citizenship data when opening bank accounts. This move aims to enhance identity verification beyond current 'Know Your Customer' regulations. Banks might need to confirm if individuals are citizens, green card holders, or legally present.
Hopes rise for Iran war deal despite nuclear sticking points
Optimism is rising that the Iran war could be nearing a resolution after mediation efforts—led in part by Asim Munir—made progress on key issues, with both sides open to resuming talks and extending a ceasefire. However, major differences remain over Iran’s nuclear programme, with disagreements on the duration of limits and handling of enriched uranium, even as global markets rally on hopes of a deal. The conflict, which has disrupted the Strait of Hormuz and rattled the global economy, may also hinge on parallel ceasefire efforts in Lebanon and broader regional de-escalation.
Marc Andreessen, Ben Horowitz boost AI Super PAC to over $50 million
Venture capitalists Marc Andreessen and Ben Horowitz have injected $25 million into a pro-AI super PAC, bolstering its war chest to over $51 million. Leading the Future’s cash pile allows the industry to boost political candidates in both parties it sees as friendly to their cause and oppose potential antagonists.
US stocks today: S&P 500, Nasdaq push to closing records on earnings and Middle East optimism
US stocks surged to record highs as the S&P 500 and Nasdaq rallied on strong corporate earnings and hopes of progress in US-Iran negotiations. Investors are betting on reduced geopolitical risk despite ongoing sanctions and tensions. Financial stocks led gains, while volatility dropped to its lowest level since February.
Iran war puts US companies in wait-and-see mode, Fed Beige Book says
US Federal Reserve Beige Book shows economic activity and employment remain steady, but rising energy prices driven by the Iran conflict are creating uncertainty. Businesses are delaying investment and hiring decisions, while inflation pressures persist due to higher fuel and input costs, even as wage growth remains muted overall.
Income Tax deadline extension: On Tax day, are tax payers really receiving IRS refunds of $5,000, $8,000, $11,000? Here's reality check
Income Tax cuts: White House boasted that average refunds were projected to rise by at least $1,000. But currently, the average refund amount is $3,462, according to the latest IRS data.
BBC plans to cut 2,000 jobs to reduce costs by about 10% over next 2 years
The BBC announced plans to cut up to 2,000 jobs, aiming to save 500 million pounds over two years due to inflation, license fee pressures, and a turbulent global economy. These significant layoffs, the largest in over a decade, come as the broadcaster faces financial challenges and a changing media landscape.
BBC job cuts: U.K national broadcaster announces lay offs of 2,000 jobs, reveals timeline, details
Donald Trump is suing the BBC for $10 billion for defamation.
Is a college education still worth it in India?
India must confront the impact of AI on jobs due to its large youth population, reliance on software services, and an oversupply of graduates. Entry-level roles are under threat as AI improves coding and automation, while the wage advantage of a college degree has been shrinking since 2011.
These 10 private and public banking stocks have an upside potential of up to 30% in one year, according to analysts
As far as fundamentals are concerned, most banks have continued to show improvement on critical parameters like NPAs. But if inflation rises and impacts credit growth (which has been an area of some concern), these stocks could take a hit. Now, why we are talking about inflation is obvious: Rising crude oil prices. That’s bad news for the Indian economy and the markets. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
India-Austria to deepen economic ties; Bilateral trade crosses USD 2.35 billion: CII Regional Chairman
India and Austria move to deepen their economic partnership with a specific focus on green technologies and advanced manufacturing as bilateral trade between the two nations surpassed the USD 2.35 billion mark.Chairman of the CII Western Region and Chairman & Managing Director of Blue Star Ltd, identified these sectors alongside digital innovation as the primary drivers for the next phase of the bilateral relationship.
Gadkari sees farmers as future energy providers to reduce import dependence
Gadkari flagged the need for stronger post-harvest infrastructure, warning that surplus production without adequate cold storage, processing plants and value-addition facilities would depress farm prices.
Millions of Rockstar Games business records stolen, hacking group says
A hacking group named ShinyHunters claims to have stolen millions of business records from Rockstar Games, the maker of Grand Theft Auto. The group stated the data was accessed through a compromise of Anodot, an analytics platform, which then affected Rockstar's account with data management company Snowflake.
Ukraine, Russia renew drone strikes after Easter truce
The Ukrainian air force said Russia had launched 98 drones, adding that its air defence units had downed 87 of them. An infrastructure facility was hit in the central-eastern Dnipropetrovsk region, Ukrainian authorities said, adding that information about casualties was being clarified.
Paramount–Warner Bros deal likely to face UK antitrust probe as watchdog eyes Phase 1 review
Britain's competition regulator will soon investigate the massive $110 billion deal between Paramount and Warner Bros Discovery. This move comes as the film and TV industries are vital to the economy. Over a thousand industry professionals have voiced opposition, fearing harm to Hollywood. The regulator is gathering views before a formal launch.
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