Finance Minister Nirmala Sitharaman on October 21 said India is poised to continue its growth trajectory and is likely to become the world's third-largest economy by 2027.

India likely to be world's 3rd-largest economy by 2027: FM Nirmala Sitharaman

Qualcomm said on October 21, it is bringing technology first developed for its laptop chips to its mobile phone chips, aiming to make them more powerful for generative AI tasks as detailed in a report by Reuters.

Qualcomm revamps mobile phone chips for AI, signs Samsung and others

Boeing's recent proposal to its workers has sparked a notable increase in the company's stock prices, reflecting investor optimism. However, analysts are cautioning that the move may not be as straightforward as it appears, with concerns about potential pushback from employees according to a detailed report by Reuters.

Boeing shares rise after labour offer but analysts wary of worker pushback

As the world grapples with shifting economic dynamics, Russian President Vladimir Putin has made a significant declaration regarding the future of global economic leadership.

Putin asserts BRICS nations will spearhead global economic growth, challenging Western dominance

In a recent statement, renowned investor Ray Dalio has called for China to adopt a dual approach in its economic strategy, advocating for a combination of stimulus measures and what he terms "beautiful deleveraging.

China must pair stimulus with "beautiful deleveraging", says Ray Dalio

Bengaluru-based Prestige Estates Projects Ltd is set to make a significant mark in the Delhi-NCR real estate sector with a planned investment of approximately Rs 7,000 crore to develop a new township in Ghaziabad.

Prestige Estates to invest Rs 7,000 crore in ambitious Ghaziabad township project

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production as detailed in a report by CNBC.

Boeing workers to vote on new proposal to potentially end strike

The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew for the Social Security retirement program, health care and the military, the Treasury Department said in a recent note, as detailed in a report by Reuters.

US budget deficit reaches $1.8 trillion in fiscal 2024, third largest in history

The rapid rise of quick commerce in India has sparked significant concern among traditional retail distributors. The All India Consumer Products Distributors Federation (AICPDF), representing over 400,000 retail distributors, has formally requested an antitrust investigation into major players in the quick commerce sector, including Swiggy's Instamart, Zomato's Blinkit, and Zepto.

Indian Retail group seeks antitrust investigation into quick commerce giants Swiggy, Blinkit, and Zepto

The European Union's (EU's) five biggest members spend 42 billion euros ($45.60 billion) annually subsidizing fossil-fuel company cars, according to a study commissioned by environmental group Transport & Environment (T&E), which called for more subsidies for EVs instead.

Leading EU countries spend $45 billion annually on fossil-fuel car subsidies

Following the Apple policy violation case in August, WhatsApp's recent policy update is now under scrutiny by the Competition Commission of India (CCI) for allegedly breaching competition laws.

Tech firms under scanner for privacy & data sharing breaches

India's Central Bank governor, Shaktikanta Das, said an interest rate cut at this stage would be "very, very risky." He added that the Reserve Bank of India (RBI) is in no hurry to join the wave of easing by global policymakers.

RBI Governor: India's inflation to moderate, but risks remain

The notion that interest-rate decisions will be made meeting by meeting. Based on incoming data has been emphasised by federal reserve chair Jerome Powell for the past several months.

Is the Fed right in waiting for data for forward guidance?

The increasing market capitalisation, footprint, and structure of crypto-assets have prompted institutional investors and central banks to investigate potential exposures to these assets and determine if it is fair to include them in their portfolios.

World Bank argues against cryptos as reserve portfolio asset

Home prices in China declined in September at a rate that was nearly identical to that of the previous month. This indicated the nation's attempts to stabilise its real estate market might not be sufficient.

China home price slump drags on despite revival efforts

The US consumer spending showed resilience in September, signaling continued economic strength, as highlighted in a report by the Commerce Department on Thursday.

US retail sales in September rose 0.4%, an improvement after economic concerns

China's economy has reported a growth rate of 4.6 per cent for the third quarter of 2024, a figure that falls short of the government's ambitious target of approximately 5 per cent.

China's economy grows at 4.6%, falling short of ambitious targets

Byju Raveendran, the founder of India’s largest edtech startup, Byju's, has addressed recent rumors surrounding his move to Dubai, clarifying that it was motivated by family health concerns rather than an attempt to flee legal or financial troubles.

Byju's Raveendran dispels Dubai relocation rumors, vows to return to India

The CIBIL score becomes an important factor in getting a house loan, a car loan or any other kind of loan approved at a good interest rate. So it is always advisable to maintain a good CIBIL score to prevent avoidable financial burdens ahead.

Money-Wise: Your credit score matters. Here's how to maintain a good one after CIBIL updates

Taiwan Semiconductor Manufacturing, the world's largest manufacturer of advanced chips, Thursday posted a phenomenal 54 per cent jump in net profit for its third quarter, sending shares soaring nearly 10 per cent during trading.

TSMC sees Q3 profit surge driven by AI boom and 54% revenue growth

The European Central Bank (ECB) has announced a significant reduction in interest rates, lowering them by 25 basis points to 3.25 per cent. This decision, made during the ECB's latest meeting on Thursday, reflects the bank's confidence in the ongoing disinflationary trend within the eurozone according to a detailed report by AFP.

ECB cuts interest rates again as inflation eases in Eurozone

Britain's smaller listed companies can be freed from a "doom loop" driven by plummeting valuations and higher costs and regulation, a think tank said on Thursday, with help from broader tax exemptions and incentives.

Think tank says smaller UK firms need support to break the ‘doom loop’

A Chinese agency backed by the nation's internet regulator is calling for a probe of Intel Corp.'s domestic sales, citing security flaws and a high failure rate.

China-backed agency urges investigation into Intel security

India is on track to become the world’s third-largest economy by 2030, according to a recent report by S&P Global. With its rapid economic growth and expanding middle class, India is set to overtake major economies, trailing only the United States and China.

India set to become the world’s third-largest economy by 2030, but rising population poses challenges: S&P

The global economy faces increasing challenges as low growth and mounting debt continue to weigh on financial stability, according to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva as detailed by her in her conversation with CNBC.

Global economy faces hurdles as IMF Chief flags low growth and high debt concerns

Generative AI is making significant waves in the technology sector, as recent reports reveal that startups in this field have secured an impressive 40 per cent of all venture capital investment directed towards cloud acceleration.

Generative AI startups capture 40% of all venture capital investment in cloud acceleration