Washington: Errol Musk, the father of billionaire entrepreneur Elon Musk, has raised doubts about his son's potential political career, citing concerns over his ability to connect with people at all levels. In a candid interview with Al Arabiya News, Errol expressed skepticism about Elon’s suitability for politics, emphasizing that his son is more accustomed to working with elite professionals than engaging with the general public.   E

The Texas A&M University System Board of Regents is expected to make a pivotal decision regarding the next chancellor to lead its vast network of 11 universities and eight state agencies. The board, which is meeting in Houston, could vote on a sole finalist for the position, initiating a mandatory 21-day waiting period before finalizing the appointment. According to sources familiar with the search process, the board has identified five candidates for c

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur

A closed-door meeting took place in Davangere, Karnataka, attended by several prominent Scheduled Castes and Scheduled Tribes leaders, including key ministers such as G Parameshwara, Satish Jarkiholi, HC Mahadevappa, K Rajanna, and Yathindra Siddaramaiah, son of Chief Minister Siddaramaiah. The gathering took place during the Maharshi Valmiki Jatra Mahotsava at Valmiki Matha in Rajanahalli, Harihar. Speculation about the meeting being linked to a potential change in the Karnataka Pradesh Cong

Indian stock markets experienced a significant fall in early trade on Monday, even though the Reserve Bank of India (RBI) announced a rate cut and the Bharatiya Janata Party (BJP) emerged victorious in the Delhi Assembly elections. The benchmark indices opened lower and continued to decline amid growing selling pressure. The BSE Sensex lost over 600 points, while the NSE Nifty dropped nearly 200 points.   The Sensex hit a low of 77,189.04, down from the previous session&

The Reserve Bank of India (RBI) announced a 25 basis points cut in the benchmark interest rate, marking its first reduction in five years. The decision, led by Governor Sanjay Malhotra, aims to boost economic activity but was met with mixed reactions from investors. Despite expectations of a rate cut, the market remained cautious as the RBI maintained a neutral stance without introducing additional liquidity measures. Foreign Institutional Investors (FIIs) continued outflows amid concerns ove

The Reserve Bank of India (RBI) is inviting applications for the position of Medical Consultant (MC) on a contract basis. This is an excellent opportunity for qualified medical professionals to work with RBI. The last date to apply is February 14, 2025, at 4:40 pm.   Vacancy Details: The recruitment is for medical professionals with an MBBS degree, with a preference for those having postgraduate qualifications in General Medicine and at least two years o

Dr. Michael Debabrata Patra, who served as the Reserve Bank of India’s (RBI) Deputy Governor, has retired after nearly four decades with the central bank. Known for his strategic role in steering the RBI’s monetary policy, Patra became the face of the RBI during critical press conferences, answering the key questions on interest rates, inflation, and growth. Patra, who headed the monetary policy department for most of his tenure, was a key player in the decisions made by

Janet Petro has been appointed as the acting administrator of NASA, making history as the first woman to hold the position since the agency’s founding in 1958. This appointment comes after President Donald Trump took office, with Petro replacing Bill Nelson, the 14th NASA administrator. In her new role, Petro is responsible for overseeing NASA’s budget, programs, and operations until the U.S. Senate confirms a new administrator. Notably, Trump had nominated entrepreneur

Rishabh Pant Appointed Captain of LSG for IPL 2025 Indian cricket team wicket-keeper Rishabh Pant has been named the captain of Lucknow Super Giants (LSG) for the upcoming IPL 2025 season. Pant, who was previously the captain of Delhi Capitals (DC), was bought by LSG for a record-breaking Rs 27 crore in the IPL 2025 auction. The decision came after a bidding war between LSG and DC, with LSG winning the deal. Pant’s IPL Journey and Record Auction

Outgoing U.S. President Joe Biden has condemned ongoing efforts to minimize the significance of the January 6, 2021, Capitol attack, where a mob of Donald Trump supporters stormed the U.S. Capitol in an attempt to block the certification of the 2020 election. In an opinion piece published in The Washington Post, Biden recalled the violent insurrection that led to chaos at the Capitol, contrasting it with the upcoming peaceful certification of the election results. Biden expressed pr

Rohit Sharma’s future in Test cricket has come under scrutiny after the Indian opener was left out of the fifth Test against Australia in Sydney. Officially, Rohit "opted to rest" from the game, but this decision has raised questions about his long-term role in the format. Sunil Gavaskar, one of India's cricketing legends, speculated that this might signal the end of Rohit's Test career, suggesting that the selection committee may look to younger players who can lead t

Rohit Sharma's future in India's Test cricket setup has become uncertain following the ongoing Border-Gavaskar Trophy against Australia. Amidst poor batting performances and leadership criticism after India's loss to New Zealand, reports suggest that Rohit may not be part of India's Test plans beyond this series. Although his retirement is not imminent, the chances of his continuation in the format remain unclear. With Rohit possibly on the brink of his final Test ap

The Reserve Bank of India (RBI) has made a significant change to the Unified Payments Interface (UPI) system by enabling UPI payments between verified digital wallets, also known as Prepaid Payment Instruments (PPIs), and third-party UPI applications. This new directive will allow users of digital wallets to make and receive UPI payments via any third-party UPI app, rather than being limited to the wallet’s own mobile application. The move is aimed at enhancing interoperability within t

Om Prakash Chautala, a five-time Chief Minister of Haryana and a prominent figure in Indian politics, has passed away at 89 following a cardiac arrest at his residence in Gurgaon. Born on January 1, 1935, in Sirsa, Haryana, Chautala’s political career spanned several decades. He first became Chief Minister in 1989, but his tenure was marked by short stints due to political instability. His third term in 1991 was also brief, as President's rule was imposed within two weeks. However,

The Indian rupee opened at 84.83 against the US dollar on Monday, a depreciation of 4 paise compared to the previous close of 84.79. The decline in the rupee is largely attributed to the uncertainty following the announcement of a leadership transition at the Reserve Bank of India (RBI). Shaktikanta Das will be succeeded by Sanjay Malhotra, sparking initial concerns in the market. However, markets quickly adjusted to the news, with experts noting that the RBI is closely monitoring banking sys

On Thursday, the Reserve Bank of India (RBI) received a bomb threat via email, which was written in Russian. The threat, sent to the RBI's official website, claimed that the bank would be blown up. Following the threat, a case was registered at the Mata Rambai Marg (MRA Marg) police station in Mumbai, and an investigation has been launched. This incident comes after a similar threat was made to the RBI through its customer care number on November 16, with the caller claiming to

India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo

Sanjay Malhotra, a 1990-batch IAS officer from Rajasthan, has been appointed as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. The government announced that Malhotra will take charge from Wednesday for a term of three years. With a background in computer science from IIT Kanpur and a Master's in Public Policy from Princeton University, Malhotra has had a distinguished career spanning over three decades in various sectors, including finance, taxation, pow

India's foreign exchange reserves saw an increase to $658.1 billion for the week ending November 29, according to the Reserve Bank of India (RBI). This rise followed an eight-week decline, with a $1.5 billion increase from the previous week. In comparison, the reserves had dropped by $1.31 billion in the prior week, reaching $656.58 billion. Foreign investors have invested Rs 1.75 lakh crore into India's debt and equity markets in 2024. However, the month of November witness