August 6, 2025

US Stock Market Responds to Economic Signals as AI Stocks Surge

U.S. stock indexes fell on discouraging economic signals and disappointing earnings from some companies. The Dow lost 189 points, while Palantir and Axon saw substantial gains, signaling strong AI sector growth. Amid tariff concerns, companies like Edgewell and Caterpillar reported weaker profits, heightening uncertainty ahead of potential interest rate cuts from the Federal Reserve.

August 6, 2025

Brazil Seeks WTO Help as India Faces New Tariffs from Trump

Brazil has approached the WTO for tariff relief against US tariffs imposed by Trump, while India faces a new 50% tariff on exports due to its Russian oil purchases. Indian officials downplay the impact on inflation but express concern over the implications for trade.

August 6, 2025

RBI Holds Repo Rate Steady, Leaves Room for Future Rate Cuts

The Reserve Bank of India kept its repo rate at 5.5% amidst global trade uncertainties, with experts suggesting potential for future rate cuts based on economic data. The RBI's neutral stance aims to support growth while managing inflation.

August 6, 2025

Delhi to Open Automated Car Parking in Greater Kailash I

The Municipal Corporation of Delhi is set to open a new automated car parking facility in Greater Kailash I, accommodating 399 cars with advanced robotic systems. Delayed due to tree removal permissions, the structure aims to ease local congestion and enhance parking efficiency.

August 6, 2025

Indian Rupee Rebounds Slightly Against US Dollar Amid Market Volatility

On August 6, 2025, the Indian Rupee made a slight recovery, closing 15 paise higher at 87.73 against the US dollar, despite challenges from rising crude oil prices and fluctuations in the equity market.