Gaurav Bansal

[ad_1] The European Union (EU) fined big tech firms, Apple and Meta, for 500 million euros and 200 million euros respectively on Wednesday, according to the Associated Press. The decision came as a result of the enforcement of the EU’s digital competition rules- the Digital Market Act (DMA).Apple has been fined for preventing application makers from directing users to more affordable options outside the App Store.Meanwhile, Meta was fined €200 million for forcing Facebook and Instagram users to either consent to personalized ads or pay to avoid them—limiting users’ freedom of choice. The penalties are announced under the DMA of the European Union.Henna Virkkunen, the Commission’s executive vice-president for tech sovereignty said, "the DMA aims to function so that citizens have full control over when and how their data is used online, and businesses can freely communicate with their own […]

[ad_1] Savings bank account for children: Know the latest RBI rules Early age savings and financial independence empower your child to become money-wise. RBI has issued fresh guidelines for banks regarding the opening and operation of deposit accounts by minors. The revised guidelines are aimed at harmonising existing regulations to ensure greater clarity and appropriate safeguards for minor account holders.Based on the review by RBI, the revised instructions on opening and operation in the deposit accounts of minors are given below:Minors of any age may be allowed to open and operate savings and term deposit accounts through his/ her natural or legal guardian. They may also be allowed to open such accounts with mother as guardian in terms of RBI’s Circular DBOD.Leg.BC.158/C.90(H)-76 dated December 29, 1976.Minors above such an age limit not less than 10 years and up to such […]

[ad_1] The World Bank on Wednesday revised India’s GDP growth forecast for FY 2025-26 down to 6.3 per cent, a 0.4 percentage point cut from its previous estimate of 6.7 per cent. The downgrade reflects global economic headwinds and domestic policy uncertainties, according to the bank’s biannual South Asia Development Update titled Taxing Times.“In India, growth is expected to slow from 6.5 per cent in FY2024-25 to 6.3 per cent in FY 2025-26, as the benefits to private investment from monetary easing and regulatory streamlining are expected to be offset by global economic weakness and policy uncertainty,” the report stated, as quoted by news agency PTI.The World Bank noted that India’s growth underperformed expectations in the current fiscal due to lower-than-anticipated private investment and shortfalls in public capital expenditure targets.Also read:India’s composite PMI hits 8-month high in April, signals robust […]

[ad_1] China on Wednesday signaled a renewed willingness to engage in trade negotiations with the United States, declaring that "the door for talks is wide open" amid ongoing tariff tensions.The statement follows recent comments by US President Donald Trump, who hinted that the sweeping tariffs on Chinese imports—some as high as 145 percent—could be significantly reduced once a trade agreement is in place. The tariffs, introduced during Trump’s second term, have escalated a long-running trade war between the two global powers.Speaking at a regular press briefing, Chinese foreign ministry spokesperson Guo Jiakun reiterated Beijing’s preference for dialogue over confrontation. “We do not wish to fight, nor are we afraid of fighting,” he said. “If necessary, we will fight to the end. But the door for talks is wide open.”Also read: Tariffs 'hurt multilateral trade and world economic order,' says ChinaGuo […]

[ad_1] Trump has indicated that there may be potential imposition of reciprocal tariffs on pharmaceuticals as well. (AI image) By Hitesh SharmaThe ongoing trade dynamics between India and the United States may have implications for the pharmaceutical sector, particularly in light of recent tariff announcements. As the US government implements reciprocal tariffs on imports from over 180 countries, the Indian pharmaceutical industry finds itself in a unique position, having received exemptions in the initial tariff announcements.The exemption granted to the pharmaceutical sector from these tariffs is a welcome relief for Indian companies. While formulations appear to be broadly covered under this exemption, the status of Active Pharmaceutical Ingredients (APIs) and bulk drugs requires careful examination on a case-by-case basis. The exemptions seem to provide some relief to the pharmaceutical sector from significant risks, allowing it to continue supplying nearly half […]

[ad_1] The cryptocurrency has seen a remarkable rally in the past few days. (AI image) Bitcoin has achieved a significant milestone by overtaking Amazon to become the sixth-largest asset globally by market capitalisation. Data from CompaniesMarketCap.com reveals Bitcoin's market value has reached $1.857 trillion, exceeding Amazon's $1.837 trillion.The cryptocurrency has seen a remarkable rally in the past few days. Bitcoin experienced a 6.24% increase within 24 hours, reaching $93,546 - levels seen during previous bull market peaks. This upward movement reflects increased institutional participation, continued spot ETF inflows, and positive global economic indicators, according to an ET report.Amazon's shares recorded a 3.5% increase on Wednesday, closing at $173.18. Despite this gain, the company's stock has experienced a decline exceeding 21% since the year began and showed negative returns of 3.5% over the previous 12 months. In comparison, Bitcoin demonstrated superior […]

[ad_1] India's private sector expansion reached an eight-month high in April, fueled by strong demand and a notable surge in foreign orders for manufactured goods, according to the HSBC Flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global.The Composite PMI rose to 60.0 in April from 59.5 in March, marking the strongest growth in combined manufacturing and services activity since August. A reading above 50 signals expansion.The manufacturing sector showed particularly strong momentum, with its PMI climbing to 58.4, up from 58.1, reaching a one-year high. The services sector also maintained solid growth, with its PMI increasing to 59.1 from 58.5, the highest level in four months."Private sector firms noted a record increase in new export orders during April amid healthy demand from Africa, Asia, Europe, the Middle East and the Americas. Goods producers saw a stronger rate […]

[ad_1] AI-generated representative image Asian markets rose on Wednesday, encouraged by US President Donald Trump's reassurance that Federal Reserve Chair Jerome Powell will remain in his position.The Indian equity benchmarks opened on a positive note on Wednesday, with the BSE Sensexcrossing 80,200 and trading at 80,140.02, up 544 points or 0.68 percent, as of 9.21 AM. The Nifty50 also advanced, reaching 24,326.10, up 159 points or 0.66 percent. The rally was supported by continued foreign institutional investor (FII) buying, with net purchases worth Rs 1,290 crore on Tuesday.Positive sentiment was also driven by accommodative measures from the Reserve Bank of India and optimism over potential India-US trade agreements. Global cues were favorable after US President Donald Trump reassured markets by expressing support for the Federal Reserve Chair and indicating a possible easing inUS-China trade tensions. Despite global uncertainty and regional […]

[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, SJVN, IDBI Bank and Krsnaa Diagnostics are the top stocks to buy today:SJVN: BUY in ₹100–₹96 Range | Stop Loss: ₹89 | Target: ₹118SJVN has shown a strong breakout today with significant volume support, confirming a higher top and higher bottom structure on the daily chart.The stock has also surpassed its March high, indicating renewed bullish momentum. On the weekly timeframe, a double bottom-like formation is visible, strengthening the reversal case. Momentum oscillators have given breakout signals, aligning with the price action.Traders are advised to buy SJVN in the ₹100–₹96 range, keeping a stop-loss at ₹89 and targeting ₹118 in the near term.IDBI BANK LTD: BUY in ₹86–₹84 Range | Stop Loss: ₹79 | Target: ₹95IDBI […]

[ad_1] New Delhi: Air India MD & CEO Campbell Wilson has stepped down as chairman of the AI Express and Nipun Aggarwal will take over that role. Aggarwal, who is on the board of the budget airline, will continue in his role as AI's chief commercial officer.AI's chief operating officer Captain Basil Kwauk will replace Wilson on the AI Express board. Wilson will continue as Air Inida MD & CEO. "I will obviously remain keenly interested in AI Express' progress and success, fully support Nipun and Basil in their additional roles, and remain responsible for the overall performance of the Air India Group," Wilson said in a message to employees. At AI Express, Captain Basil Kwuak will ensure "operational synergy between the (two) airlines." TNN [ad_2] Source link