According to an internal memo, Meta is set to initiate layoffs on Monday. While employees in several regions face the brunt of the cuts, those based in Germany, France, Italy, and the Netherlands will be exempted due to local regulatory…
Introduction Life Insurance Corporation of India (LIC) reported robust financial performance for the third quarter, with its net profit climbing 17% to reach ₹11,056 crore. The surge in profitability was primarily driven by significant reductions in operating expenses and a…
Introduction: A Significant Fiscal Disclosure In a key session of the Rajya Sabha, the Union government disclosed that Bihar is owed a substantial sum of ₹1,570 crore under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). This revelation has…
Introduction: A New Monetary Policy Direction The Reserve Bank of India (RBI) has unveiled its Monetary Policy for 2025 with several significant announcements aimed at bolstering the nation’s economic recovery and ensuring sustainable growth. Among the key highlights, the RBI…
Introduction: A Steady Rise in External Assets India’s external financial strength received a boost this week as its forex reserves increased by $1.05 billion, bringing the total to $630.607 billion. This increment follows the previous reporting week’s robust rise of…
A Strategic Move to Strengthen the Sector India is taking significant steps to revitalize its insurance industry by increasing the Foreign Direct Investment (FDI) limit, a move that is expected to attract more global players and foster growth in this…
Sluggish Expansion Amid Economic Pressures India’s services sector witnessed its slowest growth rate in over two years in January 2025, according to the Purchasing Managers’ Index (PMI) survey. The report highlighted a decline in the pace of expansion, even as…
Introduction Global markets witnessed a significant rebound as investor sentiment improved, following a rally in Asian equities. After a period of uncertainty triggered by the Trump administration’s imposition of tariffs on Canada, Mexico, and China, stock markets saw a resurgence,…
In a bid to counteract economic stagnation and ease public discontent, the Union Budget 2025 has introduced a significant tax cut aimed at stimulating growth and restoring consumer confidence. Speaking at a press briefing, the Finance Secretary emphasized that the…
In a turbulent day for global forex markets, the Indian rupee tumbled by 55 paise, breaching the 87-per-dollar mark amid escalating fears of a broad trade war triggered by new tariffs announced by former U.S. President Donald Trump. The rupee’s…
