Americans are gearing up for Thanksgiving with family meals and early holiday shopping as most major retailers close on Thursday, reopening for Black Friday. This week also marks a record-breaking Thanksgiving travel period, with AAA projecting 81.8 million people journeying, primarily by car, due to stable gas prices.
The IMF has reclassified India’s exchange rate regime to a “crawl-like arrangement,” indicating increased flexibility after previously labeling it “stabilised.” This shift follows a review and suggests the Reserve Bank of India, under Governor Sanjay Malhotra, is tolerating more rupee volatility. The move aims to help India absorb external shocks and reduce reserve accumulation.
Jobless claims fell last week, indicating a stable labor market despite some company layoffs. While hiring slowed and the unemployment rate ticked up, the overall picture suggests a “low-hire, low-fire” phase. This cooling economic activity and easing inflation may lead the Federal Reserve to consider interest rate cuts.
India’s economy is on a strong footing, according to the IMF, thanks to sound policies and structural reforms. Robust growth, well-managed inflation, and rising living standards are key highlights. The nation’s resilience against global trade fluctuations, driven by its large domestic market, is also noted. Projections indicate continued strong economic expansion.
Reliance Industries surged on Wednesday, crossing the Rs 21 lakh crore market valuation mark and hitting a 52-week high. The stock’s impressive 29% gain in 2025 has significantly boosted the broader market, with the Sensex and Nifty also climbing. This rally is attributed to renewed FII buying and the strong performance of major companies.
China’s decades-long dominance in rare earth elements, crucial for defense and technology, stems from extensive investment across the entire supply chain. Recent export curbs have alarmed global manufacturers, prompting nations like the US to seek alternative sources and rebuild domestic production capabilities, highlighting significant geopolitical risks.
Let’s begin with the headline. The average cost of the classic Thanksgiving dinner for ten has dipped a few percentage points. The centrepiece of this softened inflation narrative is the turkey. A standard bird is significantly cheaper this year — the sharpest drop in years — and it has lowered the overall cost of the…
Sebi has broadened eligibility for investment advisers and research analysts, now permitting graduates from any discipline to register, provided they meet certification requirements. This move significantly expands the talent pool for these regulated roles. Additionally, Sebi has eased corporatisation rules for individual advisers, offering more time for transitions after crossing client or fee thresholds.
The Indian government has approved two major railway projects totaling Rs 2,781 crore, adding 224 km of track in Maharashtra and Gujarat. These initiatives aim to boost connectivity, ease congestion, and support economic growth, aligning with the PM Gati Shakti vision. The projects will enhance mobility for millions and significantly improve freight movement, contributing to…
India’s UIDAI has deactivated over 2 crore Aadhaar numbers of deceased individuals, a significant step in cleaning its database. This initiative, drawing data from various government sources, aims to prevent identity fraud and misuse of welfare benefits. Family members can now report deaths online, streamlining the deactivation process and enhancing security.
