Union Minister Piyush Goyal’s recent remarks questioning the direction of India’s startup ecosystem have sparked a wave of reactions from prominent startup leaders and tech entrepreneurs. While addressing an audience, Goyal questioned whether Indian startups are merely focused on "dukaandari"—running shops—by prioritizing delivery services, fantasy sports, and betting platforms, as opposed to Chinese startups that are innovating in areas like electric vehicle

Artificial intelligence (AI) is on track to become one of the most transformative technologies of the 21st century, with its market value expected to surge to $4.8 trillion by 2033, nearly the size of Germany’s economy. This staggering growth, as outlined by the United Nations Conference on Trade and Development (UNCTAD), is set to drive productivity gains and contribute significantly to digital transformation across industries. However, this anticipated boom raises serious concerns, pa

South Korea’s Constitutional Court has officially removed President Yoon Suk Yeol from office after unanimously upholding his impeachment. The historic decision, which comes months after the National Assembly voted to impeach him, has sent shockwaves through the country’s political landscape. This ruling marks only the second time a South Korean president has been ousted in modern history, following the impeachment of former leader Park Geun-hye in 2017. The court'

More than 250 passengers, including several Indian nationals, have been stranded for over 30 hours at Diyarbakir Airport in southeastern Turkey following an emergency landing by a Virgin Atlantic flight. The aircraft, operating under flight number VS358, had departed London’s Heathrow Airport at 11:40 a.m. local time on April 2 and was due to arrive in Mumbai at 1:40 a.m. IST on April 3. However, a medical emergency on board forced the aircraft to divert and land unexpectedly at Diyarba

In a noteworthy development signaling the economic progress of Andhra Pradesh, the state has recorded its highest monthly Goods and Services Tax (GST) collection in nearly a year. The GST revenue generated in the state for the month of March 2025 has reached an impressive ₹3116 crore, breaking past the ₹3000 crore milestone for the first time in the last 11 months. This also marks an 8.35 percent year-on-year growth compared to March of the previous year, indicating an upward trend in tax

Prime Minister Narendra Modi has embarked on a three-day diplomatic visit to Southeast Asia, beginning with Thailand where he is attending the 6th BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit. Following his engagements in Thailand, PM Modi will travel to Sri Lanka to further deepen bilateral relations with the island nation. Upon his arrival in Thailand, PM Modi was warmly received by members of the Indian community, highlighting the strong c

The Enforcement Directorate (ED) has uncovered a financial trail connecting billionaire investor and philanthropist George Soros’s Soros Economic Development Fund (SEDF) to Indian entities operating in the NGO sector, sparking serious questions about potential violations of the Foreign Contribution (Regulation) Act (FCRA) and foreign direct investment (FDI) norms. The revelations, based on detailed investigations, have triggered fresh scrutiny over the methods used to funnel foreign fun

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

As the new financial year commences on April 1, 2025, several significant income tax changes have officially come into effect, directly impacting salaried individuals, senior citizens, investors, and taxpayers across the country. Announced during Budget 2025, these updates aim to simplify compliance, improve transparency, and provide substantial relief to the middle class. From revised tax slabs to increased deduction limits and changes in TDS thresholds, here’s a complete breakdown of

President Donald Trump is scheduled to convene a pivotal meeting at the White House on Wednesday to deliberate the future of TikTok's operations in the United States. This gathering comes as the deadline approaches for the Chinese-owned app to divest its U.S. operations or face a potential ban. Vice President JD Vance, Commerce Secretary Howard Lutnick, Director of National Intelligence Tulsi Gabbard, and National Security Adviser Michael Waltz are among the key

Phoebe Gates, the youngest daughter of billionaire philanthropists Bill Gates and Melinda French Gates, has ventured into the podcasting world with her new show titled The Burnouts. The podcast, launched on April 1, is co-hosted by Gates and her former Stanford University roommate, Sophia Kianni, who has made a name for herself in the business world as a Forbes 30 Under 30 honoree. In The Burnouts, the two young women aim to provide business advi

India is adopting a cautious and calculated approach to the impending announcement of U.S. President Donald Trump’s “reciprocal tariffs,” set to be revealed on April 2. Unlike many other major economies that have opted for more immediate reactions, India is choosing to assess the actual impact of these tariffs before determining its response. This considered stance reflects India’s broader strategy in evaluating trade deals and tariffs. Indian officials have indicated

New Delhi, April 1 – Indians working abroad sent home a record-breaking $129.4 billion in 2024, reaffirming India’s position as the world’s top remittance recipient. According to the latest figures released by the Reserve Bank of India (RBI), the last quarter of the year alone—October to December—saw the highest-ever quarterly inflows of $36 billion.   The World Bank, which tracks global remittance patterns, confirmed that India stands far a

Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it

Washington: As anticipation builds over US President Donald Trump's so-called "Liberation Day" tariff announcement, the White House has confirmed there will be no exemptions in the new wave of reciprocal tariffs. Speaking at a press briefing on Monday, White House spokesperson Karoline Leavitt made it clear that these tariffs are aimed at putting an end to what the administration calls decades of "unfair trade practices" against American exporters. President Trump has

This month, the announcement of sweeping 25% tariffs on cars “not made in the U.S.” has sent ripples through the global automotive industry, especially affecting Asian car manufacturers. U.S. President Donald Trump’s decision has put significant pressure on automakers ahead of the implementation of the new duties, which are set to take effect later this week. The move has particularly shaken Japanese and South Korean carmakers, many of whom rely heavily on the U.S. market. S

The Union Cabinet, chaired by Prime Minister Narendra Modi, has sanctioned a 2% hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. The decision, announced on March 28, 2025, will benefit more than one crore individuals, including both current employees and retired personnel drawing pensions from the central government. This hike, though modest compared to previous years, will be implemented retrospectively from January 1, 2025. As a resul

In India, banking services are designed to offer convenience—but they often come at a price. From ATM withdrawals to fund transfers and cheque issuance, nearly every service comes with associated costs. While some fees are minimal, others can add up over time, impacting your personal or business finances. Whether you're managing a savings account or operating a business with a current account, understanding standard banking charges is essential for smarter financial planning. Bank f

Roshni Nadar Malhotra, the chairperson of HCL Technologies, has made history by becoming the first Indian woman to break into the top 10 of the Hurun Global Rich List 2025. With a staggering estimated net worth of ₹3.5 lakh crore, she now ranks fifth among the world’s wealthiest women, marking a major milestone for Indian business leadership. Her leap in the rankings follows a significant transfer of ownership from her father, Sh

In an unexpected twist to Turkey’s ongoing political unrest, a viral moment stole headlines as a protester dressed in a Pikachu costume was seen fleeing police in Antalya during a demonstration against the arrest of Istanbul Mayor Ekrem Imamoglu. The bizarre yet symbolic act of defiance unfolded in the early hours of March 27, as law enforcement deployed water cannons to scatter demonstrators. What began as a nationwide outrage ove