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For the first time, Russia’s Central Bank has begun directly selling physical gold from its massive 2,300+ tonne reserves to help the Finance Ministry cover severe budget deficits caused by Western sanctions and the ongoing Ukraine war. Previously, gold sales from the National Wealth Fund were mostly paper transactions.
Dilkhush Kumar’s journey from an auto-rickshaw driver to a successful CEO showcases remarkable grit and innovation. Through his startup Roadbez, he addressed Bihar’s travel challenges and built a Rs 400 crore business. From being a 12th-grade pass to achieving success on Shark Tank, his story is an inspiring example of determination and entrepreneurship.
India’s unemployment rate held steady at 5.2% in October 2025, latest government data reveals. Rural unemployment improved from 4.6% to 4.4% while urban joblessness climbed from 6.8% to 7%. Female unemployment eased slightly from 5.5% to 5.4%, driven by rural women’s rate dropping to 4.0%. Male unemployment stayed unchanged at 5.1%, balancing minor rural gains against urban increases.
Gold snapped two-day losses early Monday, drawing buyers as Fed December rate cut probability plunged to 46% from 67% amid high inflation and soft jobs data. Hawkish Fed comments sparked pullback from $4,245 highs, yet weekly gains held. Upcoming BLS September report ends 43-day data gap, promising economic clarity. Upside limited by strong USD vs JPY/GBP and muted Asian physical demand, with Indi
New disclosures from the U.S. Office of Government Ethics reveal that President Donald Trump has continued buying municipal and corporate bonds this fall, investing at least USD 82 million. His bond purchases include debt from companies like Netflix, UnitedHealth, Boeing, Meta Platforms, Home Depot, Broadcom, and Intel firms that have been directly affected by his administration’s policies.
In a twist for India’s mutual fund scene, 45 lakh investors axed their SIPs in October 2025, up from 44 lakh in September, per AMFI data—yet inflows soared to a peak Rs 29,529 crore, edging past September’s Rs 29,361 crore. Total SIP accounts hit 9.88 crore with 60 lakh net additions, but stoppage ratio eased to 75% from 76.27%.
Australia to ban social media for children under 16 from December 10. The act restricts children under 16 from using a host of platforms including Instagram, Facebook, TikTok, X, Snapchat, YouTube, Reddit, and Kick.
The UK faces unprecedented millionaire flight with 16,500 high-net-worth individuals departing in 2025—double China’s outflow and quadruple India’s—per Henley Wealth Migration Report. Stagnant inflation-adjusted wages from two decades of cheap immigrant labor, coupled with 1970s housing reforms crippling supply, fuel the exodus. London harbors 200,000 homeless (2% population), diverting taxes from
Lenskart’s much-hyped Rs.70,000 Cr IPO listed at Rs.390 on NSE, down 3% from Rs.402 upper band, despite 28x subscription and 45x institutional bids. GMP crashed from Rs.108 to zero pre-debut, signaling hype fade. Analysts blame 10.1x EV/Sales valuation exceeding peers like Titan, one-time Owndays profit inflating FY25 Rs.297 Cr earnings, and Q1FY26’s thin 2.8% margins. Investor fatigue in overpric
Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Friday that Indian banks have become significantly more mature over the past decade, thanks to regulatory measures focused on recognition, resolution, and recapitalization. Credit and deposits have nearly tripled, while capital buffers have strengthened CRAR increased from 13.5% in March 2015 to 17.5% in March 2025, and CET-1 rose from 1
