A new US dollar coin will feature President Donald Trump for America’s 250th birthday. This commemorative coin is scheduled for release in the autumn of 2026. The design includes Trump’s image and traditional American symbols on both sides. Critics raised concerns about this move conflicting with an 1866 law. The Treasury Department stated the coin
China’s economy slowed more than expected last quarter, reaching its weakest point in over three years. Gross domestic product grew 4.3% from a year ago, missing official targets. This slowdown will likely dominate upcoming Politburo meetings this month. Officials may accelerate public spending and boost infrastructure investment. This action aims to ensure the annual growth
The Union Cabinet approved two schemes totaling Rs 1.9 lakh crore for electronics manufacturing. These initiatives aim to boost semiconductor fabrication and mobile phone production significantly. The government plans to deepen domestic value addition and reduce import dependence. These schemes will run for five years starting from 2026-27. India targets a $500 billion electronics manufacturing
Crude oil prices climbed for a fourth day, exceeding eighty-five dollars per barrel. Investors reacted to escalating United States and Iran conflict and shipping route security. United States strikes on Iran’s missile sites and coastal defense positions occurred. This intensified worries over oil moving through the Strait of Hormuz. Analysts suggest prices could rise further
Home Credit India will acquire Varthana Finance in an all-cash deal valued at Rs 967 crore. This transaction will make Varthana a wholly owned subsidiary of Home Credit India. The acquisition aims to diversify portfolios and improve business mix for the company. It is expected to create synergies in distribution, technology, and risk management. Regulatory
India’s passenger vehicle market recorded its strongest first quarter ever. Domestic sales increased significantly, driven by SUV demand and new model launches. Tata Motors reclaimed the second position, surpassing Mahindra & Mahindra in sales figures. Maruti Suzuki maintained its leading market share, while Hyundai Motor India held fourth place. Strong performance from models like Punch
India’s refurbished device market is set to significantly outperform new ones this year. Soaring memory costs are pushing up prices and driving consumers toward certified pre-owned alternatives. Leading brands are strengthening their official refurbished programs as the secondary market becomes mainstream. Refurbished smartphone shipments are expected to grow about twelve percent in 2026. The refurbished
Economic momentum sustains as oil prices moderate and trade deals offer new opportunities. Corporate sector performance shows robust demand, with automotive and banking sectors leading growth. Manufacturing faces margin stress due to inventory, while IT remains under pressure. Industry is preparing for increased demand, with capacity additions planned after reaching utilization levels. Concerns about Chinese
British car prices are decreasing as the India-UK CETA agreement begins implementation. Imported Scotch and Indian whiskies will see price reductions after state excise clearances. Car manufacturers like JLR and McLaren have already announced significant price cuts on their vehicles. Alcohol taxes remain high, impacting the extent of price reductions for consumers. Companies will decide
The national unemployment rate remained steady at five point five percent in June. Women experienced a rise in joblessness, reaching five point nine percent. Meanwhile, the jobless rate for men saw a slight decrease to five point three percent. Female labor force participation declined for the fourth consecutive month. This drop was largely due to
