Another rate cut? RBI might soon cut rates by 25 basis points; ICICI flags weak demand, easing inflation

The Reserve Bank of India may have room to cut policy rates amid weak urban consumption and uncertain global demand, according to a report by ICICI Bank.These trends, combined with easing inflation, could prompt the Monetary Policy Committee (MPC) to consider lowering the benchmark interest rate by 25 basis points as early as August. The…

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Vedanta can seek legal recourse: Ex-CJI

MUMBAI: The US-based Viceroy Research’s report on Vedanta Group contains serious allegations, causing harm to the conglomerate’s business and reputation, former Chief Justice of India D Y Chandrachud has said in his legal opinion. “The elements required to establish defamation — both civil and criminal — are satisfied in this case, given that Viceroy has…

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Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit

Russia oil sanctions: Both Nayara and RIL now confront possible exclusion from EU markets, according to industry experts and analysts. (AI image) Russia oil sanctions impact: Both Nayara Energy and Reliance Industries Limited (RIL) are likely to face challenges from the fresh sanctions imposed by the European Union on Russia oil.The EU introduced its 18th…

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Crypto surges: Cryptocurrency mcap reaches record high at $4 trillion; What’s driving the rally?

The global cryptocurrency market capitalisation touched a record $4 trillion on Friday, positioning the sector as a major investment option from a fringe class, as per the Coingecko data, cited by Reuters.This fresh milestone comes amid renewed investor optimism, increased institutional inflows, and clearer regulatory signals from major economies. Notably, the US House of Representatives…

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India-US trade deal: Fifth round of talks for BTA completed; both countries aim to finalise interim deal ahead of Trump’s tariff deadline

India and the United States have concluded the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA) in Washington. The talks, which took place over four days from July 14 to 17, were led by India’s chief negotiator and special secretary in the department of commerce, Rajesh Agrawal.“The Indian team is coming back,”…

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Coldplay kiss-cam drama: Astronomer CEO Andy Byron placed on leave; firm names interim CEO

Astronomer CEO Andy Byron has been placed on leave following a viral moment at a Coldplay concert that appeared to reveal an intimate relationship between him and chief people officer Kristin Cabot.The incident was caught on the venue’s “kiss cam,” and has triggered a formal investigation and gained attention online.The tech company confirmed the leadership…

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Donald Trump’s Genius Act: Major crypto bill for stablecoins passed in US; here is what to know

US President Donald Trump on Friday signed the “GENIUS Act,” a new law aimed at regulating payment stablecoins, marking a significant step toward bringing legitimacy and oversight to the cryptocurrency industry. The law, officially titled “Guiding and Establishing National Innovation for US Stablecoins,” represents a major policy shift for digital assets in the US. The…

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‘Obama admin aimed to usurp Trump’: DNI Tulsi Gabbard reopens 2016 election probe; vows to hand over all documents to DOJ

US director of national intelligence Tulsi Gabbard has called for the prosecution of former President Barack Obama and senior members of his administration.The Director of National Intelligence (DNI) has accused them of working together to hurt Donald Trump’s win in the 2016 election and damage his presidency afterward.“We are turning over all documents to the…

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