August 2, 2025

Odisha Government Limits External Consultants to Enhance In-House Expertise

The Odisha government has decided to restrict the appointment of external consultants across various departments to enhance in-house capabilities and reduce reliance on outside resources. The move follows scrutiny over financial irregularities and favoritism in consultant appointments since the BJP's rise to power.

August 2, 2025

Coinbase Reports Surge in Q2 Profit Amidst Decline in Trading Revenue

Coinbase Global's Q2 profit soared to $1.43 billion, significantly up from $36.13 million a year ago, driven by a rise in subscription and services revenue despite a 2% decline in trading revenue. Retail trading volumes remained stagnant due to regulatory uncertainties, even as crypto prices rebounded, prompting investors to hold onto their digital assets.

August 1, 2025

Impact of New 25% Tariff on Indian Exports: Sectors at Risk

The US has implemented a 25% tariff on Indian imports effective August 1. This move is anticipated to significantly affect several export sectors, adding volatility to financial markets amid rising geopolitical tensions concerning India's arms and energy imports from Russia. Analysts suggest cautious investor strategies in response to potential market fluctuations.

August 1, 2025

Indian Indices Plummet as Trump Threatens Tariffs

Indian benchmark indices fell sharply following President Trump's threat of a 25% tariff on U.S. imports from India, alongside ongoing concerns about the Federal Reserve's interest rate stance and persistent selling by foreign institutional investors. Key sectors including textiles and pharmaceuticals are expected to be hit hard by potential tariffs.

August 1, 2025

Wall Street Trades Up Ahead of Key Economic Data

The US stock market opens positively as tech giants like Meta and Microsoft report robust earnings, boosting S&P 500 and Nasdaq futures. Meta shares surged 12.3%, while Microsoft forecasts a $30 billion capital spending. Investors await PCE inflation data and jobs report amidst ongoing trade negotiations and tariff announcements.