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Banks see cracks in the economy as consumers blink at inflation, tariffs

AIMPWAMarch 14, 2025

Banks are seeing lower credit-card spending, while delinquencies are rising. Source link

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

AIMPWAMarch 14, 2025

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply from 11.65% to 10.66% and sends a positive signal to India’s trading partners like the US, Central Board of Indirect Taxes and Customs (CBIC) Chairperson Sanjay Kumar Agarwal said in a post-budget interview. The comments...

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

AIMPWAMarch 14, 2025

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post-budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh...

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

AIMPWAMarch 14, 2025

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry. A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies, not the entire sector. “The duty abolition will only...

What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.

AIMPWAMarch 14, 2025

Fabrics giant Joann is closing, and the store has stopped taking gift cards — upsetting many customers. Here’s what shoppers should know. Source link

Union Budget 2025: A bold step towards Viksit Bharat

AIMPWAMarch 14, 2025

The Union Budget 2025 has declared that in reaching the destination of Viksit Bharat by 2047, reforms will act as fuel and inclusivity will be the guiding spirit. The reforms have focused on labour-intensive sectors and are towards boosting productivity. This is significant as in its growth journey, India directly moved from agriculture to services...

The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’

AIMPWAMarch 14, 2025

You have presented some substantive issues in the budget, but the minute you say something like a personal income tax cut, that grabs all the headlines. Yes, that is one, and also see normally, tax relief will not be this range, and will also not be simultaneous across the board. You were at two (lakh...

Why the worst of this stock-market correction may be over

AIMPWAMarch 14, 2025

If this downturn is typical, the S&P 500 will lose 13.6% in total, bottom in mid-May and be recovered by September. Source link

Big city pull: Easing migration will be tough, say experts

AIMPWAMarch 14, 2025

The demand-supply gap of workers across states is skewed and unless there is an immediate impact of agricultural reforms and infrastructure development, the Union budget’s aim to ease migration will be a tough task, recruiters warned. In the budget for fiscal 2025-26, the government said it aims to generate new businesses and employment for young,...

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Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

AIMPWAMarch 14, 2025

Canadian dollar strengthens as Mark Carney is sworn in as prime minister Dollar extends gains after inflation expectations pick up Yen softens after wage talks as market weighs BOJ rate hike timing Sterling weakens after UK GDP unexpectedly contracts in January By Chibuike Oguh and Yadarisa Shabong NEW YORK, – The euro rose on Friday...

Wall St bounces as selloff prompts dip-buying rally

AIMPWAMarch 14, 2025

Consumer sentiment at 57.9 in March Tesla up on report it is planning lower-cost Model Y in Shanghai Bullion miners up after gold prices breach $3,000 mark Indexes up: Dow 1.43%, S&P 500 1.83%, Nasdaq 2.28% (Updates to mid-afternoon) NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Friday as investors shopped for bargains...

China mulls 50% pay cuts for underperforming fund managers

AIMPWAMarch 14, 2025

China is considering slashing pay of fund managers who underperform their benchmarks as part of a broad overhaul of the nation’s 33 trillion yuan ($4.6 trillion) mutual fund industry aimed at boosting long-term investments, according to people familiar with the matter. The China Securities Regulatory Commission is proposing a 50% pay reduction for fund managers...

I’m a 62-year-old widow looking to downsize. Should I take out a HELOC and buy a condo?

AIMPWAMarch 14, 2025

“Condos in my area are scarce and often sell the day they hit the market. I could get a line of credit using my house as collateral.” Source link

Startups Weekly: Founders may be raising less, but deals haven’t been lacking

AIMPWAMarch 14, 2025

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week showed more optimism among startups than in other corners of the world, with entrepreneurs feeling confident enough to acquire other companies, raise fresh funding, and...

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Latest Posts

Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.

Union Budget 2025: A bold step towards Viksit Bharat

The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’

Why the worst of this stock-market correction may be over

Big city pull: Easing migration will be tough, say experts

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Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

Wall St bounces as selloff prompts dip-buying rally

China mulls 50% pay cuts for underperforming fund managers

I’m a 62-year-old widow looking to downsize. Should I take out a HELOC and buy a condo?

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Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

Wall St bounces as selloff prompts dip-buying rally

China mulls 50% pay cuts for underperforming fund managers

I’m a 62-year-old widow looking to downsize. Should I take out a HELOC and buy a condo?

Startups Weekly: Founders may be raising less, but deals haven’t been lacking

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Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted

Wall St bounces as selloff prompts dip-buying rally

China mulls 50% pay cuts for underperforming fund managers

I’m a 62-year-old widow looking to downsize. Should I take out a HELOC and buy a condo?

Startups Weekly: Founders may be raising less, but deals haven’t been lacking

Budget 2025 lands softly—markets hesitate as capex slows