Business

US stocks edged higher, buoyed by Tesla’s surge following Elon Musk’s share purchase, as investors anticipate the Federal Reserve’s upcoming policy meeting. Market attention is focused on potential rate cuts and economic projections, while political pressure from President Trump adds complexity. Treasury yields dipped amid expectations of monetary easing, reflecting cautious optimism in global markets.

Donald Trump urged the Federal Reserve for a substantial interest rate cut ahead of its policy meeting, anticipating a boost to the housing market. The Fed is expected to lower rates by 25 basis points amidst concerns about a softening labor market. Policymakers are balancing inflation and employment, while also navigating political pressures with a…

Amidst ongoing trade deal discussions, US President Trump’s advisor Peter Navarro criticized India’s high tariffs and Russian oil purchases, alleging it funds Russia’s war efforts. Despite these tensions, a US trade negotiator is in India for preliminary talks, aiming to revive the suspended bilateral trade agreement negotiations.

India’s merchandise exports experienced a rise of 6.7% to $35.1 billion in August, while imports saw a decline of 10.12% to $61.59 billion. This resulted in a narrowed trade deficit of $26.49 billion compared to the previous year. Cumulative exports for April–August 2025-26 reached $184.13 billion, with imports totaling $306.52 billion.

A NITI Aayog report projects that AI adoption could boost India’s GDP by $500-600 billion by 2035, enhancing productivity across sectors. Financial services and manufacturing are poised to benefit significantly, with potential contributions of 20-25% to their GDP. The report emphasizes AI’s role in achieving ‘Viksit Bharat’ by driving economic growth and innovation.

China has strongly condemned the US proposal for G7 and NATO nations to impose tariffs on Chinese imports of Russian oil, labeling it as “unilateral bullying” and “economic coercion.” Beijing warned of retaliatory measures if countries comply with Washington’s request.

IndiGo is set to launch India’s first Airbus A321XLR flights to Athens in January 2026, connecting Delhi and Mumbai with six weekly non-stop services. This marks a significant step in IndiGo’s international expansion, making it the sole Indian airline offering direct flights between India and Greece.

ITR filing FY 2024-25: The Income Tax Department extended the ITR filing deadline or due date for AY 2025-26 to September 15, 2025. Filing after this date incurs penalties. The article provides a step-by-step guide for filing ITR-1 (Sahaj) through the income tax e-filing website.

India’s wholesale price inflation increased to 0.52 percent in August. This reverses two months of deflation. The rise is due to higher prices for food, manufacturing, and transport equipment. Food article deflation softened. Vegetable prices saw gains. Manufactured product inflation also increased. Fuel and power remained in deflation. Retail inflation also inched up.

India’s wholesale price inflation increased to 0.52 percent in August. This reverses two months of deflation. The rise is due to higher prices for food, manufacturing, and transport equipment. Food article deflation softened. Vegetable prices saw gains. Manufactured product inflation also increased. Fuel and power remained in deflation. Retail inflation also inched up.