By: The Trek News Desk The United States federal government has entered a partial shutdown following a breakdown in last-minute negotiations between Democrats and Republicans in the Senate. The shutdown took effect at 12:01 AM EDT on Wednesday after lawmakers failed to approve a temporary funding bill, leaving key federal agencies without the financial support…
By: The Trek News Desk In its latest monetary policy review held on Wednesday, the Reserve Bank of India (RBI) decided to maintain the benchmark repo rate at 5.5%, signalling a continued pause on rate changes amidst improving inflation and growth dynamics. The decision marks the second straight policy meeting where the six-member Monetary Policy…
By: The Trek News Desk Indian stock markets witnessed a sharp selloff on Friday, triggered by aggressive selling from foreign institutional investors (FIIs) and widespread panic among retail participants. The combination of global trade concerns and political uncertainty sent shockwaves through Dalal Street, leading to steep losses across the board. Trump’s Tariff Shock Jolts Markets…
By: The Trek News Desk Prime Minister Narendra Modi addressed the nation on Sunday evening to announce the launch of ‘GST 2.0’, which will come into effect from September 22. He expressed optimism that the new tax system will provide significant benefits to various segments of Indian society, ranging from the middle class to the…
Gautam Adani, the second-richest Indian, said the allegations, made by Hindenburg Research in 2023, were baseless and praised SEBI’s order [File: businesstoday.in] By: The Trek News Desk The Securities and Exchange Board of India (SEBI) has dismissed allegations of stock manipulation against the Adani Group. This investigation began in 2023 after Hindenburg Research accused Adani…
