BUSINESS
LIC Sees 13.8% Rise in Group Premiums in May
For the first two months of FY 2025–26, LIC's group premium increased 13.66%, reflecting persistent institutional demand.
US Treasury Warns Global Impact of China’s Export Dependence and Declining Domestic Consumption
The report says that this policy is not only bad for China but has negative implications for the world economy.
Tesla Loses $380 Billion in Market Value as Trump-Musk Feud Sparks One of 2025’s Biggest Stock Crashes
The blowup was triggered when Musk sharply criticized Trump's most recent tax-and-spending bill on Twitter. Trump responded by vowing to pull federal contracts from Tesla and SpaceX.
World Bank: 269 Million Indians Moved Out of Extreme Poverty in the Past 11 Years
Based on the latest figures published by the World Bank, the percentage of Indians in extreme poverty fell drastically to 5.3% in 2022–23 from 27.1% during 2011–12.
RBI Governor Confirms India's Forex Reserves Adequate for 11+ Months of Imports
The week ended May 30 recorded a decrease of $1.2 billion in reserves after the consecutive eight-week growth ended.
RBI's 50 BPS Repo Rate Cut: Home Loan EMIs and Tenure Set to Decrease
This rate cut comes at the right time as India, now the world's fourth-largest economy, is seeing strong growth in the realty sector not just in big cities but also in tier 2 and tier 3 towns.
Vijay Mallya Challenges Recovery Figures, Seeks Clarity from Banks
Mallya made a disclosure that although his legal team had sent him reminders as many as 15 times and he had even written to the SBI chairman personally, the banks never gave him the statement of accounts.
RBI Slashes Repo Rate by 50 Basis Points to 5.5%, Marks Third Straight Cut
With this fresh cut, the repo rate now stands at its three-year low, offering relief to home, auto, and corporate borrowers. The repo rate was previously at a similar level of 5.40 per cent on August 5, 2022.
India's Services Sector Sees Unprecedented Hiring as May Growth Remains Strong
Seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI) stood at 58.8 for the month of May 2025, just slightly above April's 58.7. This reflects a consistent and intense rate of expansion in business activity.
India Raises Objection to $800 Million ADB Aid Package for Pakistan
India, as per sources, has cautioned that the Pakistani military, which is now a dominant force in setting economic policy through its chairmanship of the Special Investment Facilitation Council, will undermine reform and roll back important policy actions.
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