Business

India’s economy is poised for robust growth of 6.6-6.8% this financial year, buoyed by easing global energy prices and normalized Strait of Hormuz shipments. Inflation is expected to remain manageable around 4.5%, with the current account deficit projected at 1.5% of GDP. Strong domestic demand, particularly in consumption and investment, remains the primary growth engine,

Volkswagen is reportedly considering a massive overhaul, including closing four German factories and significantly increasing job cuts, potentially impacting up to 100,000 roles. This drastic move comes as the automaker faces intense competition from Chinese rivals, US tariffs, and declining European demand. The proposals, set for discussion soon, are expected to face strong opposition from

Wall Street experienced a downturn Friday, primarily driven by a significant selloff in AI-linked stocks. This overshadowed gains in other sectors, pushing the S&P 500 towards its second weekly dip in three months. Investor concerns about earnings growth justifying AI stock valuations intensified, impacting global markets. Major tech players like Micron and Apple faced pressure,

Commerce and Industry Minister Piyush Goyal urged Indian and British businesses to aim for “transformational growth” with the upcoming Free Trade Agreement, effective July 15. He emphasized exploring partnerships to maximize opportunities beyond incremental gains. Goyal also highlighted the Double Contribution Convention, benefiting temporary workers, and criticized global rating agencies for their assessment of India’s