The International Cricket Council (ICC) has finalized a hybrid model for next year's Champions Trophy, allowing India to play its matches in Dubai, while Pakistan will co-host the event in the UAE. The decision, reached after informal discussions between ICC President Jay Shah and the Board of Directors, including Pakistan's representatives, is a major step toward resolving venue concerns in international cricket. The 2025 Champions Trophy will be held in the UAE and Pakistan, with In

The future of the 2025 Champions Trophy is in jeopardy as tensions between India and Pakistan complicate the tournament's organization. India’s Board of Control for Cricket in India (BCCI) has made it clear that the Indian team will not travel to Pakistan without government approval, which remains pending. The Pakistan Cricket Board (PCB) had initially rejected the idea of a hybrid hosting model that would allow India to play in Dubai, but recently showed some flexibility, reportedl

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

Shahid Afridi, the former Pakistan cricket captain, has voiced his support for the Pakistan Cricket Board (PCB) in rejecting the hybrid model proposed for the 2024 Champions Trophy, which is set to be held in Pakistan. Afridi criticized the Board of Control for Cricket in India (BCCI) for mixing politics with sports, pointing out that Pakistan has toured India multiple times despite security concerns, including a white-ball series after the 2008 Mumbai terror attacks. Afridi emphasized that t

The Pakistan Cricket Board (PCB) has informed the International Cricket Council (ICC) that it will not accept the Hybrid Model for the upcoming Champions Trophy, a format that would involve some games being played in India and others in Pakistan. The ICC convened a virtual meeting with executive members to address the scheduling dilemma after India refused to send its team across the border. The PCB has been firm in its opposition to the Hybrid Model, arguing that it would give preferential t

President-elect Donald Trump has vowed to impose a 25% tariff on all goods imported from Mexico and Canada, set to take effect on his first day in office, January 20. The new tariffs are expected to have severe implications for American consumers, including higher prices on everyday products such as gasoline, produce, cars, and alcohol. Mexico, now the US’s top trading partner, and Canada, a major supplier of oil and agricultural products, will be significantly impacted by these tariffs

In Islamabad, Pakistan, intense protests have erupted, demanding the release of former Prime Minister Imran Khan, with violent clashes between protesters and police resulting in casualties. The protests are centered around Imran Khan's imprisonment and accusations of political persecution, as well as the alleged rigging of recent elections. As tensions escalated, the Pakistani government called in the military to restore order, issuing "shoot at sight" orders under Section 245 o

US President-elect Donald Trump’s proposed H-1B visa restrictions could have significant implications for India's economy. A report by the State Bank of India (SBI) suggests that while stricter visa rules might increase costs for Indian IT firms operating in the US, they could also encourage India to focus more on domestic manufacturing and economic independence. This potential shift aligns with Prime Minister Narendra Modi’s Atmanirbhar Bharat (self-reliant India) initiative,

India's Nifty 50 index has entered the correction zone, falling over 10% from its peak in late September. This decline comes as foreign investors continue their record-level selloff of domestic stocks, triggering broad market losses. On Tuesday, the Nifty 50 dropped by 1.4%

In a significant development ahead of the 2025 ICC Champions Trophy, the Board of Control for Cricket in India (BCCI) has officially informed the Pakistan Cricket Board (PCB) that the Indian cricket team will not travel to Pakistan for the tournament. Citing security concerns, the BCCI has requested that all of India's matches be moved to Dubai instead, as confirmed by an anonymous BCCI official to the Indian Express. This stance has been consistent, and the BCCI has made it clea

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

Jamshyd Godrej, Chairman of the CII-Sorabji Green Business Centre, has expressed confidence that India can emulate the remarkable economic growth that China experienced in recent decades. Speaking exclusively on Wednesday, Godrej emphasized that achieving such growth rates, similar to China's average GDP growth of 9.91% from 1979 to 2010, is within India's reach. However, he stressed the need for enhanced coordination between Indian industries and the government in policymaking.

India's wholesale inflation experienced a notable increase in September, driven largely by rising food prices, as reported by the Ministry of Commerce and Industry. The Wholesale Price Index (WPI) climbed by 1.84% compared to 1.31% in August on a year-on-year basis. This uptick in inflation comes amidst a broader context of economic fluctuations. The inflation rate for manufactured products, which constitutes a significant portion of the index, saw a slower growth rate of 1% in

The past week was significant in shaping India's economic narrative, marked by the death of industrialist Ratan Tata and shifts in monetary policy. Ratan Tata's Passing and Noel Tata's Appointment: India mourned the loss of Ratan Tata, the revered former chairman of Tata Sons, who passed away at 86. In a board meeting, Noel Tata was appointed as the new Chairman of Tata Trusts, a pivotal moment in the continuity of the Tata legacy. Noel, wh

Australia is set to face Pakistan in a crucial Group A match at the Women's T20 World Cup 2024 in Dubai. The defending champions are riding high after a commanding 60-run victory over New Zealand in their previous encounter. Conversely, Pakistan comes into this match looking to bounce back after suffering a disappointing six-wicket defeat against arch-rivals India. For Pakistan, this match is vital as they aim to secure a significant win against Australia to keep their hopes of

In a shocking turn of events, the Pakistan cricket team scored a formidable 556 runs in their first innings during the Multan Test, only to suffer a crushing defeat by an innings and 47 runs against England. The visitors responded with a staggering 823/7 before declaring, marking a record-breaking innings in Test cricket history. This defeat made Pakistan the first team ever to lose a Test match by an innings after scoring over 500 runs in the first innings. The match was characteri

The 2024 Fairwork India Ratings have revealed a concerning trend for major ride-hailing platforms Uber and Ola, as well as logistics startup Porter, which continue to lag at the bottom of the index designed to assess the fairness with which companies treat their gig workers. In stark contrast, Tata-owned BigBasket, Zomato, Swiggy, and Urban Company topped the ratings, mirroring last year's results. This year's study evaluated 11 platforms, including Amazon Flex, BluSmart, Fl

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half