India’s social protection system now reaches 100 crore people, covering over two-thirds of its population. This significant expansion reflects the government’s commitment to inclusive development and social welfare initiatives. The International Labour Organisation director general highlighted this achievement during a Brics meeting. Social protection coverage has grown substantially from 25 crore citizens in 2015 to
India exported over $140 million in goods duty-free to the UK on Wednesday. More than fifty export consignments were flagged off from over twenty locations. These shipments included electronics, pharmaceuticals, and textiles, reaching various global gateways. The Comprehensive Economic and Trade Agreement grants Indian exports nearly ninety-nine percent duty-free access. This landmark pact is expected
The India-UK trade deal commenced, reflecting significant trust and cooperation between nations. This agreement is expected to boost both economies and enhance bilateral trade relations. Discussions also addressed national security and the extradition of financial fugitives. The pact aims to strengthen ties in defense, technology, and climate initiatives. Both countries anticipate increased GDP and financial
SpaceX shares have fallen below their initial public offering price for the first time. This decline reflects a broader shift in market sentiment and investor enthusiasm. Analysts point to concerns over interest rates and AI stock momentum. Investors are now awaiting SpaceX’s first quarterly earnings report as a listed company. Upcoming events include the expiry
US stock markets saw gains on Wednesday, driven by strong corporate earnings reports. Investors also reacted positively to recent inflation data, which showed a notable slowdown. This easing inflation reduced expectations for an imminent interest rate hike by the Federal Reserve. However, ongoing Middle East tensions kept global energy supply concerns elevated. Asian and European
The United States has enacted fresh sanctions against seven individuals and entities linked to Iran’s arms procurement activities. Targeting parties in Iran, Russia, Italy, and Nigeria, these sanctions aim to cut off financial support for Iran’s military. Consequently, any assets under US jurisdiction will be frozen under these regulations, intensifying efforts to undermine Iran’s military
JPMorgan Chase is nearing a $1 trillion market valuation, a historic milestone for a bank. The lender’s shares reached a record high after reporting its highest quarterly profit ever. Analysts expect dealmaking activity to remain strong through the rest of 2026. This achievement would place JPMorgan alongside major technology giants like Tesla and Meta. The
Iran has warned of wider trade disruptions beyond the Strait of Hormuz. This threat could impact crucial energy and other export flows from the region. The Strait of Hormuz is a vital chokepoint for global oil and gas shipments. Asia, which receives most of these shipments, faces significant exposure. Tensions are escalating as the US
The Cabinet Committee on Economic Affairs has greenlighted an ambitious infrastructure project in Varanasi, featuring a remarkable Rs 10,998.32 crore investment. The initiative is set to create a 43.2-km elevated corridor, referred to as the Varuna Expressway. This project aims to significantly alleviate traffic congestion while improving connectivity by linking NH-31 to the Varanasi Ring
