The Reserve Bank of India is set to launch a faster cheque clearance system on October 4, 2025. This new system will significantly reduce the cheque processing time. Cheques will be cleared within hours of presentation. The current T+1 day cycle will be shortened. Banks must confirm cheques quickly, or they will be automatically approved.
S&P Global Ratings Director YeeFarn Phua has said that Trump’s tariffs are unlikely to significantly impact India’s economic growth due to its non-trade-oriented nature, with exports to the US representing only about 2% of GDP. Despite increased tariffs on Indian imports, S&P maintains a positive outlook on India’s sovereign rating, projecting a GDP growth of…
US stocks surged on Wednesday, fueled by a global equity rally and growing anticipation of a Federal Reserve interest rate cut in September. The S&P 500 reached a new all-time high, while the Dow and Nasdaq also climbed. Easing Treasury yields further supported the market’s advance as investors bet on lower borrowing costs.
Tencent’s Q2 revenue surged 15% year-on-year, exceeding expectations, driven by AI integration across its gaming portfolio and WeChat. Domestic game sales increased by 17%, while international gaming revenue soared by 35%. The company’s strategic investment in AI, including its Yuanbao chatbot, contributed significantly to this growth, marking its third consecutive quarter of double-digit revenue increase.
The RBI is likely to hold steady on interest rates in October, an SBI report suggests, as August 2025 inflation is projected to rise above 2%. Despite a drop in retail inflation to a 98-month low of 1.55% in July 2025, driven by easing food prices, concerns about future inflation complicate potential rate cuts.
Indian stock markets, including equity, currency, and commodity segments, will be closed on Friday, August 15, 2025, for Independence Day. This is one of the 14 trading holidays observed by the BSE. Trading will resume the following day, except where regional holidays are applicable, impacting investors, traders, and banking operations.
A Bank of Baroda report indicates India’s limited exposure to Russian oil export disruptions, estimating an additional $5 billion in annual import expenditure. While India has significantly increased its reliance on Russian oil since 2021-22, a full embargo could severely impact the global economy by potentially driving prices above $80 per barrel. India’s import costs…
Securities and Exchange Board of India (SEBI) has taken action against former officials of Dewan Housing Finance Corporation Limited (DHFL). Kapil Wadhawan, Dheeraj Wadhawan, and four others face bans from the securities market. SEBI imposed penalties totaling Rs 120 crore for fund diversion and fabricating financial records. They are also restricted from key positions in…
The US Securities and Exchange Commission (SEC) has still not served summons to Gautam Adani and his nephew, Sagar Adani, in India, nine months after initiating legal proceedings. The SEC’s efforts include seeking assistance from Indian authorities under the Hague Service Convention. The case involves allegations of false and misleading representations by Adani Green Energy…
US Treasury Secretary Scott Bessent labeled India as “recalcitrant” in trade negotiations, days after President Trump announced a 25% tariff on Indian imports due to Russian oil purchases. Bessent hopes to conclude tariff discussions by October, while India’s External Affairs Ministry has criticized the US decision as unfair and unreasonable.
