Billionaire Ray Dalio thinks American economy is dependent on the 1%; with only three states driving its GDP | Business

Billionaire Ray Dalio thinks American economy is dependent on the 1%; with only three states driving its GDP | Business

The American economy may look healthy on paper. Wall Street is roaring, Silicon Valley is buzzing with AI optimism, unemployment is steady, and GDP is rising. But billionaire investor Ray Dalio says this apparent prosperity hides a deeper imbalance. The US, he argues, is becoming dangerously dependent on a small, highly productive elite, while the…

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Corporate confidence dips in Q2 FY26: India’s business sentiment slows amid US tariffs, global uncertainty – NCAER report

Corporate confidence dips in Q2 FY26: India’s business sentiment slows amid US tariffs, global uncertainty – NCAER report

Representative image (AI-generated) Business sentiments in India moderated in the second quarter (Q2) of FY 2025-26 after showing steady improvement over the past three quarters, according to a new report by the National Council of Applied Economic Research (NCAER).The decline comes amid high global uncertainties, including additional US tariffs and ongoing trade tensions, the think…

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Beauty boom in India: Japan’s Shiseido to begin local manufacturing; joins global luxury brands’ expansion drive

Beauty boom in India: Japan’s Shiseido to begin local manufacturing; joins global luxury brands’ expansion drive

Representative image (AI-generated) Japanese luxury beauty company Shiseido is planning to start manufacturing in India as part of its expansion strategy.It will be joined by global peers such as Estée Lauder Companies and The Body Shop, which are also exploring local production to tap into the world’s fastest-growing beauty market.Sanjay Sharma, country head of Shiseido…

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Budget 2026 skill boost for youth: Govt may launch Pradhan Mantri Kaushal Mudra Yojana; check details

Budget 2026 skill boost for youth: Govt may launch Pradhan Mantri Kaushal Mudra Yojana; check details

Representative image (AI-generated) Budget 2026: The government is looking to launch a new scheme Pradhan Mantri Kaushal Mudra Yojana (PMKMY) aimed at funding skill training for the country’s growing workforce.The scheme, likely to be announced in the upcoming 2026-27 Budget, will mark a major policy push to make financing a central pillar of the national…

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Income Tax Dept withheld Rs 1.5 crore refund citing Form 26AS TDS mismatch – how taxpayer approached High Court and won the case

Income Tax Dept withheld Rs 1.5 crore refund citing Form 26AS TDS mismatch – how taxpayer approached High Court and won the case

The court clarified that Assessing Officers must accept TDS documentation provided by taxpayers, rather than insisting on exact matches with Form 26AS figures. (AI image) Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued…

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Bank holiday on Chhath Puja: Will banks remain closed today? Check state-wise list

Bank holiday on Chhath Puja: Will banks remain closed today? Check state-wise list

Representative image (AI-generated) With Chhath Puja celebrations beginning, many people are wondering whether banks are open or closed today.Banks in several parts of the country will remain closed today for Chhath Puja, while in some regions, the holiday will extend to tomorrow as well. The closure will vary from state to state. Here’s a look…

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iPhone shipments, Trump’s Russia sanctions impact: Electronics to become 2nd-most shipped category soon; India’s oil exports may fall

iPhone shipments, Trump’s Russia sanctions impact: Electronics to become 2nd-most shipped category soon; India’s oil exports may fall

During the first half of the current fiscal year, Apple’s iPhone exports reached an unprecedented $10 billion. (AI image) The booming Apple iPhone production in India, and the latest sanctions on Russian oil firms by Donald Trump, may power electronics to become the second most-shipped exports category in India. It’s a story of rise in…

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Gold price prediction: What’s the gold rate outlook for October 27, 2025 week? Top factors driving prices

Gold price prediction: What’s the gold rate outlook for October 27, 2025 week? Top factors driving prices

Any change in the tone from the weekend positivity between US and China could put a cap on the lower side. (AI image) Gold price prediction: Gold prices are likely to trade with a lower bias in the coming days, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here is…

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India-US ties: Jaishankar meets Marco Rubio on Asean sidelines amid tariff tensions; talks on ‘regional, global issues’

India-US ties: Jaishankar meets Marco Rubio on Asean sidelines amid tariff tensions; talks on ‘regional, global issues’

Jaishankar meets Rubio (Image posted on X) External Affairs Minister S Jaishankar had a meeting with US Secretary of State Marco Rubio on Monday in Kuala Lumpur to discuss international relations and ongoing trade negotiations between their nations.The discussions were held alongside the Association of Southeast Asian Nations (ASEAN) summit events in the Malaysian capital….

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Top stocks to buy: Stock recommendations for October 27, 2025 – check list

Top stocks to buy: Stock recommendations for October 27, 2025 – check list

Top stocks to buy (AI-generated image) Macquarie has an outperform rating on Hindustan Unilever with the target price at Rs 3,000. Analysts feel steady demand recovery and reversal of 200 basis points impact from GST transition to drive the company’s expectations of sales growth above 4% in the second half of the fiscal. They feel…

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