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New Delhi: After a dramatic all-night session and a nail-biting 50-50 Senate split, President Donald Trump's signature "One Big Beautiful Bill Act", a sweeping package of tax breaks and spending cuts, has cleared the Senate thanks to Vice President JD Vance's tie-breaking vote. The bill, which now heads back to the House, represents the biggest overhaul of tax and social spending policy in years. Here's a detailed look at what will change if the legislation becomes law. The bill makes Trump's ...Read More >
New Delhi, July 1: US President Donald Trump has issued a deportation warning for Tesla and Space CEO Elon Musk who also served as his former advisor, saying the tech billionaire may need to "close up shop" and move back to South Africa in absence of electric vehicle (EV) subsidies. Trump's warning on his Truth Social platform late on Tuesday (US time) came amid the feud between him and Musk over the 'One Big Beautiful Bill'. "Elon Musk knew, long before he so strongly Endorsed me for President ...Read More >
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. However, export sales more than doubled, reachi ...Read More >
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. Also Read | 'Bade Achhe Lagte Hain 4': New Twis ...Read More >
Bahraich, June 28: Two minors allegedly killed a man by slitting his throat and then crushed his head with a stone to steal his iPhone to create "high-quality reels" for more likes, police said on Saturday. Police have held both the accused and initiated investigations. The victim, Shadab (19), who lived in Bengaluru, was visiting his ancestral village of Nagaur in Bahraich for his maternal uncle's wedding. Additional Superintendent of Police, Ramanand Prasad Kushwaha, said that the incident occ ...Read More >
Mumbai: Indian stock markets are more likely to rise than fall in the third quarter of the financial year 2026 (Q3 FY26), Morgan Stanley said in a note on Friday. The global brokerage remains bullish on Indian equities, expecting strong growth data, supportive moves by the Reserve Bank of India (RBI), and better-than-expected corporate earnings to push the market higher from July onwards. According to the firm, India is showing signs of steady improvement. Government spending is increasing, and ...Read More >
New Delhi [India], June 7 (ANI): Fast-moving consumer goods (FMCG) companies reported a muted performance in the fourth quarter of FY25 due to continued weakness in the urban market, according to a report by Axis Securities. The report highlighted that sluggish demand, higher competitive pressure, and broader economic challenges weighed on the sector's growth during the quarter. It said 'FMCG companies have reported muted performance due to weakness in the urban market, owing to increased comp ...Read More >
Mumbai: Traders loaded up shares of banks and property developers on Wednesday in a tepid market in anticipation of a cut in the Cash Reserve Ratio - the percentage of a bank's total deposits required to maintain in cash with the RBI - in the central bank's three-day Monetary Policy Committee meeting ending on Friday. Analysts favour banks over real estate companies because of cheaper valuations. The Nifty Realty Index and Bank Nifty surged 2.1% and 1.1%, respectively; while the benchmark Nifty ...Read More >
BENGALURU (Reuters) - The Indian rupee will break through 85 per U.S. dollar to hit a new low in the next six months even as the Reserve Bank of India continues to intervene to stem the currency's losses, according to a Reuters poll of FX strategists. The results come days after news that growth in India, the world's fastest growing major economy this year, unexpectedly slowed sharply to an annual 5.4% in the latest quarter, triggering speculation the RBI may cut interest rates on Friday. Only ...Read More >
This was a significant drop from the 6.7 per cent growth recorded in the previous quarter and fell short of Morgan Stanley's forecast of 6.3 per cent and the consensus estimate of 6.5 per cent. The slowdown was evident in both private consumption and capital expenditure (capex), although private consumption outpaced capex, growing by 6 per cent compared to 5.4 per cent. On the other hand, the services sector demonstrated resilience, growing at 7.1 per cent, while the industry sector lagged at ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our ...Read More >
So, we believe the seasonality flavour should work out in the month of December. Apart from that market breadth that is more important to look out for where only if you look in the current corrective phase only 12% of the stocks were trading above the day moving average of total CNX 500 and that is coming to now improving to around 33%."We expect Nifty to find the support in the range of around 23,500 to 23,700 and we should be gradually heading towards the target of 24,500," says Dharmesh Shah, ...Read More >
Ethiopian lawmakers have approved a significant budget increase for the 2024/25 fiscal year to address rising costs through subsidies and economic instability. This financial move follows a new IMF program and currency adjustments aimed at facilitating debt restructuring amidst recent adversities. In a decisive move, Ethiopian lawmakers on Tuesday approved a substantial increase in government spending by an additional 581.98 billion Ethiopian birr, equivalent to $4.8 billion, for the 2024/25 ...Read More >
The United States 10-year government bond yield reached a low of 3.6% in September but has rapidly creeped up to 4.2%, erasing all the rate cut impact. The primary cause is the out-of-control public spending and the lack of confidence among bond investors in the government's ability to manage its public finances. Therefore, it is logical that investors fear an inflation bounce. The United States' government is obsessed with doping GDP with government spending and bloating job figures with publi ...Read More >
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