In a bold strategy to boost economic resilience, the central bank is channeling a hefty sum into the banking system. By leveraging open market operations alongside dollar-rupee buy-sell swaps, an impressive 1.45 lakh crore will flow in to optimize liquidity and facilitate effective monetary transmission.
Friday saw a remarkable uptick in Indian stock markets as the Reserve Bank of India decided to lower interest rates by 25 basis points. This strategic decision, along with signals of continued easing, infused confidence into investors. The Nifty and Sensex indices experienced a solid recovery, pushing past previous weekly dips.
U.S. airlines were notified this week that an investigation is underway into whether they complied with an emergency order requiring flight cuts at 40 major airports during the record government shutdown, the Federal Aviation Administration said Friday.
Netflix has agreed to acquire Warner Bros. Discovery's TV, film studios, and streaming division for $72 billion, a deal that could reshape the global entertainment industry. Initially a fact-finding mission, Netflix recognized the strategic value of Warner Bros.' assets, including its extensive library and complementary business units. The acquisition followed an auction initiated by Warner Bros.
Frank Gehry, who designed some of most imaginative buildings ever constructed and achieved a level of worldwide acclaim seldom afforded any architect, has died. He was 96.
The New York Times has filed a lawsuit against AI startup Perplexity. The Times claims Perplexity copied and used its articles without permission for its AI products. This is part of a larger legal battle between publishers and AI companies. Perplexity faces similar accusations from other media outlets. The startup denies wrongdoing, calling the lawsuits an outdated tactic.
The government has long advised that babies be vaccinated against hepatitis B right after birth to prevent serious liver damage that can be caused by the infection.
