US stocks saw modest gains as investors await key economic data that will influence the Federal Reserve’s upcoming interest rate decision. AppLovin, Robinhood, and Emcor experienced boosts after being added to the S&P 500, while EchoStar surged following a deal with SpaceX. Globally, markets rose, with Japan’s Nikkei 225 climbing amid political transitions and revised…
SpaceX has reached a $17 billion agreement with EchoStar to acquire spectrum licenses, enhancing its Starlink satellite network. The deal involves cash, SpaceX stock, and interest payments on EchoStar’s debt. This partnership will enable EchoStar’s Boost Mobile subscribers to access SpaceX’s Starlink Direct-to-Cell service, while also resolving FCC inquiries into 5G technology rollout.
HCL Technologies has appointed Amitabh Kant, India’s G20 Sherpa and former CEO of NITI Aayog, as an independent director, effective September 8, 2025, for a five-year term. His extensive experience in public policy and institutional building is expected to provide valuable insights for shaping HCLTech’s growth strategy, particularly in areas like digital infrastructure and global…
India is actively pursuing multiple trade agreements, with EU negotiations resuming and Minister Goyal scheduled to meet the EU’s trade commissioner. Discussions with New Zealand, Chile, and Peru are progressing well, while dialogue with Qatar is in advanced stages.
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Finance minister Nirmala Sitharaman announced that the government is developing a support package for Indian exporters facing a steep 50% US tariff. The assessment is underway across ministries to gauge the impact on various sectors, excluding pharma, energy, and electronics. Sitharaman also highlighted GST overhaul as a people’s reform and the government is closely monitoring…
The EU is contemplating a 19th round of sanctions targeting Russian banks and energy firms to pressure Putin over Ukraine. These measures may include restrictions on payment systems, cryptocurrency exchanges, and oil commerce. The EU aims to align with the US, which is also considering actions like sanctions on Russia’s oil tanker fleet.
India’s tourism and hospitality sector is poised for substantial growth, projected to reach nearly $60 billion by 2028, fueled by a surge in domestic travel. Domestic visitors are expected to double by 2030, driving demand for quality accommodation. Despite a demand-supply gap, particularly in the luxury segment, the industry is expected to maintain a high…
Piyush Goyal announced India’s ambition to become a top three global economy within the next two to two-and-a-half years, highlighting the nation’s remarkable economic progress. He attributed this growth to reforms like GST, projecting a $30 trillion economy by 2047.
ICRA has revised the outlook for the Indian apparel export sector to Negative due to increased US tariff rates, anticipating a 6-9% drop in export revenues in FY2026. This tariff hike, effective from August 27, is expected to significantly impact the competitiveness of Indian exporters, potentially contracting industry operating margins by 200-300 basis points.
