Former RBI governor Raghuram Rajan will help shape US monetary policy. He joins a Federal Reserve task force reviewing its policy framework. Rajan will examine balance sheet policy alongside other experts. Other panels will assess data, productivity, and inflation frameworks. These initiatives aim to improve the central bank’s future policy approach.
Bank branches will be closed in Odisha, Uttarakhand, and Manipur on July 16. These closures are for Ratha Yatra and the Harela festival celebrations. Customers can still use online and mobile banking services for transactions. Other regional holidays are scheduled later this month across various states. Regular banking operations will resume on the next working
Top stock market recommendations: Anant Raj, Sobha Ltd, and PNB Housing Finance have been identified as the top stocks to buy by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management for July 16, 2026. Views on Nifty and Bank Nifty have also been shared:
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
