Economy News ( English version)

Bill Ackman’s hedge fund Pershing Square, which oversees about $35 billion in assets, provides its roughly four dozen employees with a range of attractive workplace benefits. Read on to know more

Wakefit is investing roughly ₹100 crore in each jumbo store while strengthening its manufacturing, supply chain and installation capabilities to support the format, says co-founder and CEO Ankit Garg.

L&T Innovation Fund's interest in Indian deeptech comes as investor appetite for Indian deeptech has strengthened amid government efforts to promote indigenous technologies

Puerto Rico’s federally appointed financial regulator said it may revoke a 400-megawatt emergency power contract valued at as much as $5.9 billion over 10 years after a purported bidder said its company’s name and signature were used without authorization.

Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile

The government is considering raising the FDI approval threshold for proposals requiring CCEA clearance to Rs 15,000 crore from Rs 5,000 crore, in a move aimed at improving ease of doing business. It is also weighing easier downstream investment norms to boost foreign inflows, job creation and investment, sources said.

Asia-Pacific economies face rising prices and weather shocks from El Nino. Reduced rainfall and climate disruption will affect agricultural output and food inflation. Countries are strengthening food reserves and water management to mitigate these impacts. India holds significant food grain buffers to manage potential food shocks. Proactive policies will lim […]

Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions above a threshold. This move aims to ensure UPI's long-term sustainability and technological advancement. The government stated UPI will remain free for citizens.

India's economy shows resilience against US sanctions on Russian crude oil. Potential tariffs on nations buying Russian oil will minimally impact India's economy. Shifting away from Russian supplies offers limited financial benefits now. India has strengthened non-dollar payment channels to mitigate risks. Global price shocks pose a greater threat […]

Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly. This situation may pressure the Indian rupee and impact the current account deficit. India will need to assess crude imports depending on ongoing US negotiations. The outcom […]