The Reserve Bank of India (RBI) announced on March 5th, 2025, that it will inject liquidity into the banking system through Open Market Operations (OMO) purchases and USD/INR Buy/Sell swap auctions to address the ongoing liquidity crunch. The central bank has also committed to monitoring liquidity and market conditions closely and taking any necessary steps to maintain stability.
Billionaire Shiv Nadar has gifted a majority stake in HCL Corp and Vama Delhi to his daughter, Roshni Nadar Malhotra, solidifying her position as the largest shareholder and ensuring continuity of ownership within the Nadar family. This strategic succession plan will see Malhotra take control of both entities and become chairperson of HCLTech.
Hollywood actor Michael Sheen has paid off £1 million in debt for 900 people impacted by Tata Steel's blast furnace closure in Port Talbot, South Wales, demonstrating his commitment to helping communities in need. This act of generosity was inspired by an emotional encounter with a café worker and aims to alleviate the financial burden faced by many who lost their jobs.
India's economy is projected to reach China's 2025 level by 2050, but with significant differences in environmental cleanliness, infrastructure, and societal structure. India's growth will be driven by services, with higher life expectancy and educational attainment, but without becoming a manufacturing powerhouse like China.
Former President Trump's executive order placed over 1,300 VOA employees on leave and terminated funding for US news services broadcasting to authoritarian regimes, severely hindering the organization's ability to operate effectively. Critics argue that these actions are politically motivated and undermine a critical platform for independent journalism, particularly in regions where free press is under threat.