The global automotive industry is facing yet another wave of trade uncertainty following the reintroduction of tariffs by former U.S. President Donald Trump. His latest move to impose a 25% tariff on imported cars has sent shockwaves across international markets, particularly affecting European carmakers. While some automakers have successfully maneuvered through these trade barriers, others are grappling with the economic repercussions.

The first-ever White House crypto summit left some investors disappointed as Bitcoin prices dipped. While the event marked a shift in U.S. policy toward digital assets, the lack of strong commitments led to uncertainty. Crypto Industry Hopes for Stronger Support The White House hosted its first-ever cryptocurrency summit, bringing together top executive

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named "Mutual Fund Investment Tracing and Retrieval Assistant" (Mitra) to help investors track and reclaim lost, unclaimed, or inactive mutual fund investments. The initiative aims to reduce financial losses due to investor oversight, outdated KYC details, or the demise of the original investor.According to a circular issued by SEBI on February 12, 2025, an inactive folio is defined as a mutual f

A common question among newlyweds and couples planning their future is whether marriage has any effect on their credit score. The simple answer is no—getting married does not directly impact your credit score. Credit bureaus like CIBIL, Experian, and Equifax do not track or record marital status when calculating individual credit scores.However, while marriage itself doesn’t influence credit scores, the financial decisions you make as a couple can have a significant impact. When y

The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.  

The Internal Revenue Service (IRS) is facing an unexpected challenge as reports indicate that thousands of probationary workers will be laid off in the middle of the 2025 tax season. This decision comes at a crucial time when the agency is preparing to handle millions of tax returns and provide assistance to taxpayers across the country. The timing of these layoffs has raised concerns among financial experts, policymakers, and the public, as it may impact the agen

Elon Musk Defends Cost-Cutting Reforms in Oval Office Meeting with Trump Elon Musk has defended his aggressive cost-cutting measures, presenting them as a rational and necessary strategy to curb excessive government spending. Appearing alongside President Trump in the Oval Office on Tuesday, Musk outlined his vision for streamlining federal operations through the proposed Department of Government

US-India Trade Relations: Key Insights in 4 Charts As global trade policies evolve, the economic partnership between the United States and India is under the spotlight. With Prime Minister Narendra Modi visiting Washington this week, discussions are expected to focus on trade policies, tariffs, and strategic economic cooperation. Here’s a closer look at the current state of US-India trade.

Trump Announces 25% Tariffs on Foreign Steel and Aluminum, Eliminating Exemptions Former President Donald Trump announced on Monday that the United States will impose a 25% tariff on foreign steel and aluminum imports, marking a significant escalation in his efforts to bolster the U.S. economy through import taxes. The newly modified duties will be implem

A recent revelation that Elon Musk’s Department of Government Efficiency (DOGE) was granted access to sensitive U.S. Treasury payment systems has sparked security concerns, legal battles, and political debates. Critics fear the move could expose taxpayer data and disrupt critical federal funding.   Legal Battle Over Treasury Access

OpenAI unveiled its latest innovation, Deep Research, on February 2, 2025, a powerful AI tool designed to perform complex research tasks by gathering and synthesizing data from across the internet. This AI tool promises to function at the level of a research analyst, providing users with comprehensive, well-synthesized reports using information from various online sources, including text, images, and PDFs. Deep Research is built on a version of OpenAI’s upcoming o3 model, optimized for

Budget 2025: Key Tax Changes for NRIs and Foreign Investors Finance Minister Nirmala Sitharaman's Budget 2025 proposed several important tax reforms that directly affect Non-Resident Indians (NRIs) and foreign investors. These updates aim to simplify taxation, promote NRI investments, and align the tax regime with global standards. Below is a breakdown of the major changes: Presumptive Taxation Regime for Foreign

OpenAI has launched its latest AI agent, Deep Research, following the introduction of its Operator last week. Deep Research is specifically designed for intensive knowledge work in areas like finance, science, policy, and engineering, where comprehensive and reliable research is crucial. The AI agent leverages OpenAI’s GPT-3 and web browsing capabilities to perform intelligent, reasoning-based research across various formats, such as text, images, and PDFs.  

Trump's 25% Tariffs on Canada and Mexico: A Trade War in the Making? In a bold move set to take effect on February 1, U.S. President Donald Trump has announced a 25% tariff on imports from Canada and Mexico. Citing concerns over illegal immigration, fentanyl trafficking, and trade imbalances, the administration is taking an aggressive stance on border economics. However, one major question re

In a surprising legal resolution, Meta has reportedly agreed to pay $25 million to settle a lawsuit filed by former U.S. President Donald Trump over his social media bans following the January 6, 2021, Capitol attack.   According to reports, $22 million from the settlement will fund the non-profit organization managing Trump’s future presidential library, while the remaining amount will c

Senate Confirms Scott Bessent as Treasury Secretary The Senate has confirmed Scott Bessent as the new Treasury Secretary in a 68-29 vote on Monday, elevating the hedge fund manager to lead the administration’s financial policies as President Donald Trump advances his ambitious economic agenda.   At 62, Bessent steps into t

The Impact of Potential U.S. Tariffs on Canadian Goods: Economic and Political Repercussions The article explores the potential economic and political effects of tariffs threatened by former U.S. President Donald Trump on Canadian goods and the retaliatory measures proposed by outgoing Canadian Prime Minister Justin Trudeau. Here’s a comprehensive look at the key issues:

 Amitabh Bachchan’s Apartment Sale in Oshiwara Bollywood legend Amitabh Bachchan has recently sold his luxurious apartment in Oshiwara, Mumbai, for Rs 83 crore. The property is part of The Atlantis, a premium residential project located in the bustling Oshiwara area, known for its vibrant lifestyle and strategic location in western Mumbai. Pr

Billionaire Wealth Skyrockets in 2024 Amid Rising Inequality Global billionaire wealth surged from $13 trillion to $15 trillion in 2024, marking the second-largest annual increase since Oxfam began tracking wealth data, the charity revealed in its annual inequality report on Monday. Meanwhile, the number of people living in poverty has seen little improve

Capital One has confirmed that it is experiencing a technical issue affecting a range of its customer-facing services. The problem has led to widespread reports from customers who are unable to access deposits, view account balances, or make transactions.   Nature of the Issue According to a statement from Capital One, the outag