Economists predict slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared to RBI's 7% projection. High-frequency data reveals mixed indicators for consumption and investment sectors. Weaker exports, consumption spending, and construction activity contribute to the lowered growth forecast, despite increased government and agricultural spending.
RBI has shortened the timeframe for classifying wilful defaulters. Banks now have six months to complete the process. This decision aims to prevent asset value decline. The process involves internal committees and hearings with borrowers. Borrowers deliberately delaying proceedings prompted the RBI's action. This move protects lenders and maintains financial stability.
Elon Musk's British cousin criticized him. Musk reportedly dismissed a family member's attempt to connect. The cousin called Musk's political opinions 'stupid'. He expressed shock at Musk's transformation. The cousin also mentioned a link to the White House. Another family member confirmed Musk's lack of interest in the family.
Blake Lively filed a sexual harassment lawsuit against Justin Baldoni. Lively's talent agency dropped Baldoni. The lawsuit details inappropriate comments and behavior by Baldoni on the set of their film. Lively made demands to Sony Pictures regarding Baldoni's conduct. Baldoni's lawyer denies the allegations and claims Lively was difficult on set.
With Bluesky's growth comes growing pains. Its not just human users whove been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites.
Giving to charity is all about money and if a tax benefit comes along, the gift is much sweeter. But since the tax reforms of 2017 increased the standard deduction, 9 out of 10 Americans dont itemize their tax returns and thus dont get a deduction for their contributions.
The initial public offering (IPO) of Unimech Aerospace will open for subscription on Friday. The issue closes on December 17. Through the public offer, the company plans to raise nearly Rs 500 crore. Here are 10 things to know about the Unimech Aerospace IPO before subscribing to the issue.
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent.
