Economy News ( English version)

PhysicsWallah listed at a 33% premium to its IPO price, and its shares ended Day 1 at a valuation of ₹44,000 crore (about $5 billion). The stellar debut has given the edtech sector hope after years of funding decline. And its success contrasts with the struggles of rivals Byju's and Unacademy.

A former investment banker was charged with helping to hatch a global insider-trading ring from the Paris restaurant he owned.

Paramount Skydance Corp. said a report that it’s working with a consortium of Middle Eastern sovereign wealth funds on a $71 billion offer for Warner Bros. Discovery Inc. is inaccurate.

A US federal judge dismissed the FTC’s landmark antitrust lawsuit against Meta, ruling the company does not hold a social media monopoly. Judge James Boasberg said Meta faces strong competition from TikTok and YouTube.

Brazil's central bank shuts down $16-billion bank following federal fraud investigation

Commerce Minister Piyush Goyal stated that positive news on the India-US trade pact will emerge when terms are fair, equitable, and balanced. He emphasized securing the interests of Indian farmers, fishermen, and small industries during ongoing negotiations. Goyal assured that the strong bilateral relationship remains strategic and important for both nations […]

The government plans to boost retirement savings. It will address pension rule gaps affecting both organised and unorganised workers. Currently, those earning over ₹15,000 monthly are not automatically enrolled in pension schemes. This leaves many without a secure future in old age. The government aims to fill this gap and ensure financial security for all. […]

Urging industry leaders to be more ambitious, Goyal stressed the need for a more proactive approach to aid India's growth. "Set bold targets. We can't be satisfied with incremental growth, and we need to venture out of the ordinary. We need domestic capital in startups and R&D."

An SBI report forecasts GST collections will soar past ₹2 lakh crore this month, largely propelled by reduced rates and better compliance measures. This upswing, stimulated by imports during the festive season, is expected to contribute to an impressive real GDP growth rate of 7.5-8.

Finance minister Nirmala Sitharaman held pre-budget meetings with market, startup and manufacturing leaders, who urged lower STT, deeper bond markets, ESOP tax simplification, and more support for startups.