Rolls-Royce and India discussed deeper manufacturing investment, technology partnerships and an engine proposal tied to the country’s next-generation AMCA fighter program on Friday, June 26, 2026. The talks focused on how the India-UK Comprehensive Economic and Trade Agreement, or CETA, could support advanced manufacturing, engineering cooperation and more resilient supply chains. Rolls-Royce India Manufacturing Investment

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

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

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

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

Salaried employees often claim House Rent Allowance (HRA) for rent paid to family members, such as parents or spouses, under the current tax regime. However, under the proposed draft Income-tax Rules, 2026, such arrangements may soon undergo closer scrutiny, especially if the rent exceeds Rs 1 lakh in a financial year. The new rules, if implemented, would require taxpayers to disclose their relationship with the landlord along with other details like the landlord’s name, address, and PAN nu

Congress adjourned for the year without renewing enhanced Affordable Care Act subsidies, a decision expected to significantly affect health coverage across Ohio beginning in 2026. State health policy analysts warn that as many as 140,000 Ohio residents could lose insurance coverage as premiums rise sharply following the expiration of the enhanced premium tax credits at the end of 2025. The Affordable Care Act has provided premium tax credits since 2014 to help eligible individuals a

The Trump family’s wealth has fallen by more than $1 billion following sharp losses in a range of cryptocurrency, memecoin, and other speculative digital asset investments. According to the Bloomberg Billionaires Index, the family’s net worth declined from roughly $7.7 billion in early September to around $6.7 billion, reflecting the impact of severe volatility in the broader crypto market as well as significant depreciation in Trump-linked tokens. The downturn marks one of the most subst

India is preparing for one of its busiest wedding seasons, with nearly 46 lakh weddings expected in 2025 and spending projected at around Rs 6.5 lakh crore. As celebrations grow grander, Indian weddings often resemble Bollywood productions with choreographed sangeets, elaborate décor and multi-day festivities. But with budgets crossing Rs 30–35 lakh for most weddings, and luxury ceremonies easily exceeding Rs 1 crore, families are pouring unprecedented amounts into these events. With such

India’s rapid digital lending growth has made borrowing simple but also riskier. Fraudsters now target people looking for quick loans, luring them with instant approvals, zero paperwork, and guaranteed deals. These traps are becoming more sophisticated, often disguised as real banking offers. Recognizing red flags before sharing your personal or banking details can protect you from financial loss and mental stress. Unrealistic loan promises are among the biggest traps. Scammers of

The Department of Pension and Pensioners’ Welfare (DoPPW) has issued a new clarification under the Central Civil Services (Pension) Rules, 2021, defining how pension and family pension are calculated. According to the update, an employee’s pension will now be determined based on the rules in force on their final working day whether it’s the date of retirement, resignation, discharge, or death. This move eliminates ambiguity, ensuring a fair and uniform pension process for all government

Google has announced plans to establish its largest artificial intelligence (AI) hub outside the United States in Andhra Pradesh, marking one of the most ambitious technology investments in India to date. The project, valued at USD 15 billion, is set to unfold between 2026 and 2030, transforming the southern state into a major centre for AI research, innovation, and digital infrastructure. The initiative represents a significant step in Google’s long-term strategy to expand its global AI ca

Bitcoin has once again shattered its previous records, rising to a new all-time high of $125,689 during Asian trading hours on October 5, 2025. This marks a significant milestone for the world’s largest cryptocurrency, surpassing its earlier peak of $124,514 set in August. At the time of writing, Bitcoin was trading at $123,791.15, up by more than 10 percent over the past week, reaffirming its position as the dominant force in the digital asset space. The latest rally has reig

The festival season has started with gold shining at record highs, igniting the debate on where investors should park their money right now. On the first day of Navratri 2025, spot gold surged 1.1% to $3,723.81 per ounce, briefly hitting $3,726.19 — its highest level yet. US gold futures for December delivery also climbed 1.4% to $3,758.40, strengthening gold’s dominance as a safe-haven asset. With price

The Trump family has entered cryptocurrency in a major way with the launch of World Liberty Financial and its digital token, $WLFI. The debut of this venture has quickly become one of the most high-profile events in the crypto world of 2025 and is estimated to have elevated the family’s holdings to nearly $6 billion. While the launch created massive buzz across global markets, it also sparked renewed debate about potential conflicts of interest between President Donald Trump’s rol