Economy

The OECD predicts that global growth would only climb to 3.0% in 2027 from 3.1% in June due to the commodity price shock brought on by the Middle East conflict.

Trump made these remarks while addressing a multilateral meeting with the Gulf Cooperation Council on Tuesday on the margins of the high-level UN General Assembly session.

Geoffrey Hinton questions Jensen Huang's zero-risk AI view and cites financial incentives, as rogue-agent incidents fuel calls for tighter AI oversight.

Brent crude slipped toward $98 a barrel on Wednesday, extending its decline to a sixth straight session and taking losses over the six-day run to more than 9%. West Texas Intermediate futures fell below $90.

Collins warned that the likelihood of inflation staying “notably above 2%” has increased, keeping price stability at the centre of the Fed's policy debate.

Petrol, diesel prices remain steady across major cities as crude stayed below $100 a barrel amid geopolitical uncertainty.

From Oct. 15, a 0.4% MDR will apply to person-to-merchant UPI payments above Rs 2,000. The charge will be paid by merchants, not consumers, and will be capped at Rs 300 for transactions of Rs 75,000 or more.

US Treasury Secretary Scott Bessent says sanctions will make it difficult for Iranian carriers to secure fuel, landing services and ticketing worldwide.

The output expanded by 6.2% in the same month last year and by 5% in July this year.

It said negotiations for the upcoming bipartite settlement have also begun ahead of the November 2027 deadline, with the stated aim of completing the process well in advance.

RBI data shows FCNR-B deposits made up the bulk of inflows, helping strengthen India's foreign exchange liquidity.

The association has warned that if the issue is not resolved, dealers could collectively discontinue UPI payment facilities across petrol pumps in Mumbai from October 15.