US approves $1.4 Billion in military sales to Saudi Arabia and Bahrain, strengthening Gulf defence ties

The United States has approved $1.4 billion in military sales to Saudi Arabia and Bahrain, covering helicopter maintenance, aviation training, and F-16 sustainment. The packages, now under congressional review, aim to strengthen Gulf defence capabilities without altering regional balance. The deals reinforce long-standing US-Gulf partnerships and follow recent high-level discussions between Saudi Crown Prince Mohammed…

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RBI risk guardrails: SBI, HDFC and ICICI keep D-SIB tag; what do higher capital buffers mean for them?

India’s Reserve Bank has reaffirmed State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks. These institutions must maintain higher capital reserves to ensure financial stability. The designation, based on updated RBI frameworks, requires additional Common Equity Tier 1 capital proportional to their risk-weighted assets.

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Rupee hits record low against US dollar: Will the American Dream crumble under rising costs?

The Indian rupee’s historic slide to 88.7550 against the US dollar is tightening the financial noose for students and professionals eyeing opportunities abroad. Rising tuition, living costs, visa fees, and exchange rate volatility are making the American Dream more expensive and uncertain. Families and aspirants must rethink plans, adapt strategies, and navigate a landscape where…

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