Business

[ad_1] Finance Commission chief Arvind Panagariya & UP cm Yogi Adityanath (PTI) Uttar Pradesh, despite having the second-lowest per capita income in the country, has emerged as one of the best-managed states financially, Chairman of the 16th Finance Commission Arvind Panagariya said on Wednesday.Speaking at a press conference at Lok Bhawan during the Commission’s visit…

[ad_1] US President Donald Trump’s sweeping tax and spending legislation, now advancing through Congress, will cut taxes by $3.75 trillion but add $2.4 trillion to federal deficits over the next decade, according to a new analysis from the nonpartisan Congressional Budget Office (CBO) released Wednesday.The CBO also projects the bill would lead to 10.9 million…

[ad_1] Dubai is set to expand its residential inventory with the delivery of 73,000 homes in 2025, taking the emirate closer to a total of 300,000 new units by the end of 2028, according to research from property consultancy Cavendish Maxwell.As reported by Arabian Business, Dubai recorded 42,000 property sales transactions valued at AED 114.4…

[ad_1] The National Company Law Appellate Tribunal (NCLAT) on Wednesday declined to grant interim relief to Gensol Group entities, BluSmart Premium Fleet and Matrix Gas and Renewable, against an asset freeze ordered by the National Company Law Tribunal (NCLT).The appellate tribunal directed the two companies to present their plea before the Ahmedabad bench of the…

[ad_1] The Indian rupee weakened for the second straight session on Wednesday, closing 29 paise lower at 85.90 (provisional) against the US dollar. The decline was driven by risk-averse investor sentiment, foreign fund outflows, and lingering geopolitical tensions.Forex traders attributed the rupee’s fall to concerns over the Russia-Ukraine conflict, elevated crude oil prices, and caution…

[ad_1] The Reserve Bank of India’s Monetary Policy Committee (MPC) began its three-day meeting on Tuesday, with expectations running high for a policy rate cut to support economic growth in the face of external uncertainties, including recent tariff moves by the US.The committee, chaired by RBI Governor Sanjay Malhotra, will announce its decision on Friday….

[ad_1] Chinese artificial intelligence advancements emerged as a major driving force in shaping the global AI landscape during the first quarter of 2025, according to a new report from Artificial Analysis, an independent AI benchmarking and insights provider.While the United States continues to dominate in reasoning models—with the top four spots on the Artificial Analysis…

[ad_1] Ola Electric’s stock remained in the spotlight on Wednesday, trading at Rs 49.86 with an uptick of 1.07%, even as the aftershocks of a massive stake sale by Hyundai Motor and Kia Corporation continued to ripple through the market. Ola Electric’s stock drew attention on Wednesday following major exits by global automakers Hyundai Motor…

[ad_1] India’s services sector showed continued strength in May, with businesses reporting solid growth in activity, hiring, and international demand. The HSBC India Services PMI Business Activity Index edged up to 58.8 from 58.7 in April, reflecting another sharp expansion. A reading above 50 indicates growth, while anything below signals contraction. The sector’s momentum was…