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India’s economy is projected to grow at 6.3% in FY2025-26, retaining its status as the world’s fastest-growing major economy, according to the latest Global Economic Prospects report released by the World Bank on Tuesday. The projection remains unchanged from earlier forecasts, despite a 40-basis-point downgrade in April 2025 due to global uncertainties. The report highlights India’s relative resilience amid a challenging global environment marked by weakening exports and slowing investment. “India is projected to maintain Read More

Japanese auto parts maker Marelli Corporation has filed for Chapter 11 bankruptcy protection in the United States, marking a significant step in its efforts to restructure its finances. The announcement came Wednesday following prolonged negotiations with creditors and rising uncertainty around the company’s financial stability. Marelli, known for producing automotive lighting systems and interior components, is backed by private equity firm KKR. Despite the filing, the company reassured stakeholders that it expects no disruption to Read More

China’s exports of rare earths (a group of 17 minerals at the centre of a trade dispute with Washington) rose 23% in May from a month earlier, according to customs data released on Monday, reported Bloomberg.  This increase comes two months after Beijing suspended exports of a wide range of rare earths and related magnets, underscoring China’s dominance in the global critical minerals industry with an aim to counter the US in the ongoing trade war Read More

Elon Musk’s satellite internet venture Starlink is moving closer to launching its services in India, with expected pricing of ₹3,000 per month for unlimited data and a ₹33,000 one-time cost for the receiver kit, according to CNBC Awaaz. The service is expected to begin operations within the next 12 months, as reported by NDTV.  Starlink recently secured a key licence from the Ministry of Telecommunications on June 6, marking a major milestone in its efforts to Read More

Indian stock market bulls were buoyed after the country’s central bank delivered a surprise policy move last week, pushing the frontline indices to break out of their recent narrow trading range amid ongoing global trade tensions. The RBI-led uptrend extended in today’s trade (June 9) as well, with both frontline indices gaining nearly 0.70% each to the day’s high, largely led by financials, as the sector attracted renewed interest from Dalal Street investors. Optimism grew Read More