Cuba proposes major shift in economic policy Cuban Prime Minister Manuel Marrero has presented lawmakers with a sweeping economic reform package aimed at reshaping parts of the island’s tightly controlled economy. The proposals, backed by the Communist Party and former leader Raúl Castro, come as Cuba faces rising pressure from US sanctions, a fuel blockade and worsening shortages of basic goods. The package still requires approval from th

US-India Trade Deal Nears Final Stage The United States and India are approaching the final phase of a long-anticipated trade agreement, with officials indicating that negotiations are now in their “last mile” and could conclude within weeks. The development comes just ahead of a high-profile bilateral meeting between Prime Minister Narendra Modi and US President Donald Trump on the sidelines of the G7 s

Prime Minister Narendra Modi arrived in Bratislava on a landmark visit to Slovakia, becoming the first Indian prime minister to travel to the country since it became independent in 1993. The visit is part of his three-nation European tour and comes at a time when India is working to deepen its political, economic and technology partnerships across Europe. During his two-day stay, Modi is scheduled to hold bilateral meetings with Slovak Pre

Elon Musk became the world’s first trillionaire on paper after SpaceX completed its record-setting stock-market debut on Friday, June 12, 2026. The milestone also renewed attention on the modest South Texas home Musk has described as his primary residence. SpaceX IPO Makes Elon Musk the First Trillionaire SpaceX priced its initial public offering at $135 per share, valuing the company at approximately $1.77 trillion before trading began. Shares, listed

Gold and silver prices rose, with the US dollar steady against major currencies. Gold Price Gold (per oz): $4,083.40 (↑) Gold 24K (per 10g): ₹1,257,600 approx Gold 22K (per 10g): ₹1,151,400 approx Silver Price Silver (per oz): $63.89 (↑) (₹6,120 approx) Silver (per kg): $1,954.85 (₹1,870,000 approx)

India and Russia are preparing to host the first INNOPROM International Industrial Technology Exhibition in India, marking a fresh push in their expanding economic and industrial partnership. The event is scheduled to take place from September 9 to 11 at Bharat Mandapam Exhibition and Convention Centre in New Delhi, bringing together manufacturers, investors, technology companies, industrial buyers and government representatives. The exhib

Strengthening India-Venezuela Relations Prime Minister Narendra Modi held a high-level meeting with Venezuela's Acting President Delcy Rodriguez in New Delhi on Thursday. The meeting took place at Hyderabad House, where both leaders discussed the full spectrum of India-Venezuela relations. Key focus areas included energy security, trade and investment, pharmaceuticals, healthcare, transportation, and renewabl

South Africa’s Deputy President Shipokosa Paulus Mashatile said India remains a reliable partner as he pushed for deeper India-South Africa trade ties during a working visit to New Delhi. Mashatile used the New Delhi leg of his six-day visit to invite Indian companies to expand investment in South Africa, especially in clean energy, pharmaceuticals, ICT, automotive components, infrastructure, agriculture and agro-processing. Mashatile seeks stronger India-South

Illinois lawmakers voted to delay the state’s swipe fee law for another year, keeping the fight over card fees on sales taxes and tips in court and before federal regulators. The delay affects the Interchange Fee Prohibition Act, or IFPA, a first-of-its-kind Illinois law that would restrict banks, credit unions and card companies from collecting interchange fees on the tax and tip portions of debit and credit card transactions. Illinois Swipe Fee Law Delay Exten

India-Canada Trade Talks Gain Momentum In May 2026 Union Commerce and Industry Minister Piyush Goyal is set to visit Canada from May 25 to May 27, 2026, as India and Canada work to rebuild economic confidence and push bilateral trade toward a $50 billion target by 2030. The visit comes at an important time because both countries are trying to move beyond recent diplomatic strain and focus on business, investment, energy, and technology cooperation. Goyal w

Bengaluru police have registered cases against MobiKwik and Lendbox, following complaints from investors who claim that their funds are blocked under the MobiKwik Xtra investment scheme. The complaints allege that the fintech companies promised high, fixed-deposit-like returns and easy withdrawals but later restricted access to invested money. Authorities say more than 1,050 investors across India could be affected, with combined exposure of over Rs 11.9 crore. Investors hav

Andhra Pradesh has emerged as a hotspot for fresh investments, as evidenced by the announcements made during the 17th State Investment Promotion Board (SIPB) meeting. The state continues to attract national and international investors across various sectors, such as renewable energy, green hydrogen, bio CNG, manufacturing, and data infrastructure, bringing an unprecedented boost to its industrial and employment landscape.

Regulatory action culminates in license cancellation What happened to Paytm Payments Bank? RBI cancels its license after violations forms the central development in India’s financial sector, as the Reserve Bank of India revoked the banking license of Paytm Payments Bank Ltd wi

Voluntary buyouts introduced for U.S. workforce amid AI shift Microsoft is offering voluntary buyouts to a portion of its U.S. workforce, marking the first such initiative in the company’s 51-year history. The move comes as the broader technology sector adjusts to rapid changes driven by the rise of artificial intelligence. According to a person familiar with the plan,

Amid ongoing global economic challenges linked to the pandemic, Infosys has reportedly initiated a major financial technology project called Mumbai AI. The initiative, backed by a reported $1.5 billion investment in bitcoin, is positioned as an effort to expand access to cryptocurrency markets for everyday users. The project was initially kept confidential at the request of Infosys founder Narayana Murthy while development was underway. Murthy stated that the company’s broader goal

JSW Steel and POSCO have entered into a joint venture agreement to establish a new steel manufacturing plant in Odisha. The development comes at a significant time, coinciding with the official visit of the South K

Yogi Adityanath UP model explained: A transformation strategy for India’s largest state The Yogi Adityanath UP model has emerged as a major topic in India’s political and economic discussions. Focused on law and order, infrastructure expansion, and investment growth, the model aims to transform Uttar Pradesh into a key economic hub. Since taking office, Yogi Adityanath has posi

Mark Mobius, a pioneer in global investing and a key figure in emerging markets, passed away on April 16, 2026, at the age of 89. Widely regarded for transforming investment strategies in developing economies, Mobius played a crucial role in directing billions of dollars into markets across Asia, Africa, Latin America, and Eastern Europe. Over a caree

A new report from Policybazaar highlights a significant rise in term insurance purchases by non-resident Indians (NRIs), with overall demand doubling over the past two years and younger buyers playing an increasingly central role in the trend. According to the findings, individuals between the ages of 25 and 35 now account for 54% of total demand, up from 44% in 2024. This shift underscor

India and New Zealand are expected to sign a Free Trade Agreement (FTA) on Thursday, April 24, 2026, in India, marking a significant step toward strengthening bilateral trade and economic cooperation. The agreement, which follows the conclusion of negotiations announced on Sunday, December 22, 2025, is expected to provide tariff-free access for Indian exporters to the New Zealand market while attracting an estimated $20 billion in investment over the next 15 years. According to offi