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News
No BRICS currency proposal yet, says MEA
17+ hour, 36+ min ago (464+ words) The Ministry of External Affairs clarified that there is no proposal for a common BRICS currency at present, though discussions on trade in local currencies continue. MEA official Sudhakar Dalela highlighted that local currency settlements can reduce transaction costs and…...
BRICS can deepen AI, trade and financial cooperation, say experts
18+ hour, 2+ min ago (401+ words) New Delhi: BRICS’ role in fostering economic cooperation, technological innovation and financial connectivity among emerging economies, with discussions ranging from India-Russia ties and artificial intelligence to cross-border payment systems, came into focus at the summit, industry experts said on Saturday....
US suspends Cognizant’s green card filings amid fraud probe
4+ day, 6+ hour ago (454+ words) The US Labour Department has suspended Cognizant’s PERM filings as federal authorities investigate alleged fraud and possible harm to American workers. The action affects employment-based green card applications, but does not indicate that the company’s H-1B petitions have been suspended....
India’s Russian energy imports continue to set records: Peskov
4+ day, 19+ hour ago (380+ words) Russia says India’s Russian energy imports continue to hit monthly records, while rupee payment issues are being resolved. Moscow and New Delhi are discussing rare-earth cooperation and Su-57 sales, alongside trade, economic and financial matters during Putin’s India visit Moscow:…...
BRICS Summit forces GST Council meeting reschedule
6+ day, 14+ hour ago (418+ words) The 57th GST Council meeting, originally scheduled for September 12, has been postponed due to the BRICS Summit clash and is now likely to be held on October 7 in New Delhi. Preparatory meetings of GST officers are set for October 5–6. The Council,…...
India-born entrepreneur Sandeep Nailwal launches stablecoin campaign for Nepal flood relief
6+ day, 23+ hour ago (609+ words) India-born entrepreneur Sandeep Nailwal has launched a stablecoin-based campaign to support Nepal flood victims and contribute to the Prime Minister Disaster Relief Fund. The initiative enables global crypto donations, which are converted into local currency for relief efforts. Kathmandu: An…...
Honest Money: When money loses its anchor, economies pay the hidden price
1+ week, 8+ hour ago (768+ words) The dollar’s global dominance gives the US extraordinary monetary power, leaving nations exposed to decisions they neither influence nor control One Currency. Every Nation. No Vote. The most important question in global trade that nobody asks At a weekly market…...
Global billionaire population hits record high in 2025: Altrata
1+ week, 20+ hour ago (375+ words) The global billionaire population reached a record 3,795 in 2025, with combined wealth rising 12.8 per cent to $15.1 trillion, according to Altrata. The AI boom and technology stocks drove much of the growth, while wealth concentration intensified New Delhi: The number of billionaires…...
BRICS Summit 2026 to draw over 500 investors managing USD 1 trillion
1+ week, 1+ day ago (209+ words) More than 500 institutional investors, pension funds and family offices managing over USD 1 trillion will participate in the inaugural BRICS Summit 2026. Held alongside the BRICS Summit, the event will focus on infrastructure, energy, digital projects and financial interoperability New Delhi: More…...
India, Belgium should collaborate on lab-grown diamonds: Piyush Goyal
1+ week, 1+ day ago (612+ words) Commerce Minister Piyush Goyal urged India and Belgium to collaborate on lab-grown diamonds, focusing on technology and certification. He also highlighted cooperation in semiconductors, green hydrogen, ports, defence and advanced manufacturing while discussing the India-EU FTA and global trade Mumbai:…...