Does money buy happiness? What India’s spending power reveals about how we live

Once upon a time, it was just roti, kapda aur makaan.Today, it’s not about roti, kapda, makaan. It is skincare, concert tickets, latest OTT binge, gym memberships, cafe hopping, matcha cravings among other items waiting in your cart.For older generations, every big purchase meant months, sometimes even years, of careful saving. Today, however, payday follows…

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Crude continues rally: Brent tops $92, WTI above $85 as Strait of Hormuz tensions threaten global supplies

Crude oil prices extended their rally on Wednesday, with Brent crude holding above the $90-a-barrel mark as escalating tensions in the Middle East kept investors focused on the risk of further disruptions to global energy supplies.Brent crude was trading at $92.40 a barrel, up 1.53% or $1.39, while US West Texas Intermediate (WTI) crude gained…

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Trump announces 0% tariff on generic medicines for two years; 200% thereafter

Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the…

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India Trade Policy Reforms: India’s growth remains strong, but trade barriers threaten 2047 goal: WTO

India will need to address structural challenges such as high trade costs, regulatory complexity, infrastructure gaps and barriers to deeper global integration if it is to achieve its ambition of becoming a developed nation by 2047, according to the World Trade Organisation’s (WTO) latest Trade Policy Review (TPR) report.The report said India remained the fastest-growing…

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Russia, Latin American suppliers to rescue: India’s Middle East oil imports dip in April-June on Hormuz disruptions

Crude imports from the Middle East fell about 27% to 1.55 million barrels per day during the April-June period. (PTI photo of oil tanker) India increased its crude oil purchases from Russia and Latin America during the April-June quarter, while imports from the Middle East declined as supplies through the Strait of Hormuz were constrained…

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US stock market today: AI stocks extend rally; Brent crude prices go above $90

Artificial intelligence-related stocks remained the primary drivers of the market, building on the previous session’s recovery after suffering sharp declines last week. US stock market today: Wall Street extended its gains on Tuesday, supported by another strong rally in shares of chipmakers and other companies that have benefited from the artificial intelligence boom. Artificial intelligence-related…

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