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US tariff war, said Ronald O'Hanley, chairman and chief executive officer of State Street, one of the world's largest custodian banks and asset managers. In an interview with Nishanth Vasudevan during his visit to Mumbai last week, Boston-based O'Hanley spoke about the US economic outlook, China and India's instant equity trade settlement plans among various topics. Edited excerpts: There seems to be a lot of uncertainty among investors around the tariff war ignited by the US. What is your reading?

Subscribe to enjoy similar stories. Mumbai: Bajaj Finserv Ltd. expects significant growth in its financial services business over the next 15-20 years, driven by greater penetration of financial products and rising per capita income.

borderless world' was first propagated by Kenichi Ohmae, author of The Mind of the Strategist, in the 1990s. He predicted an era in which national boundaries would become less significant, and the free flow of goods, services, capital and information would define global trade and commerce. His theory embodied the zeitgeist of late 20th-century trade. The dawn of the 21st century appeared to vindicate his foresight, with trade liberalisation, tech breakthroughs, and MNCs propelling the globe toward economic interdependence. But the question now is whether idealism survives the political opportunism. The Trump administration's tariffs and economic nationalism raise the question of whether the era of a borderless world is coming to an end. With political slogans such as 'America First', and MAGA, Trump seeks to recalibrate trade dynamics by imposing punitive tariffs on imports from countries like Canada, Mexico, India and China.

Devendra Fadnavis said on Sunday. Speaking at a programme of the CII Young Indians, Fadnavis said efficient administration and effective implementation of decisions are accelerating development in Maharashtra. «India's economy is moving towards becoming a $5 trillion economy, in which Maharashtra will have a large share. A roadmap is ready for the state to become a $1 trillion economy by 2029,» he said. He said the speed of communication and infrastructure are crucial for economic development, and the Mumbai-Nagpur Samruddhi Expressway was built for that purpose. The chief minister said Nashik has potential for the development of industries and tourism. «Considering the manpower and climate here, there is a lot of scope for tourism and industrial development. The defence ecosystem is here due to Hindustan Aeronautics Ltd (HAL). Nashik will develop more rapidly due to the Samruddhi Expressway. The largest port in the country is now being built at Vadhavan in Palghar, and Nashik city will benefit from it, as a greenfield road will be built from Nashik to Vadhavan,» he said.

Now, imagine that conversation happening not at a dinner table, but inside India’s central bank or finance ministry. The regret isn’t about an individual’s lost opportunity, but about our failure to act as a nation. India, often touted as one of the fastest-growing economies and a future global powerhouse, has yet to secure its stake in the digital asset revolution. By not investing in cryptocurrencies, India risks missing out on one of the most asymmetric financial opportunities of the century.

Subscribe to enjoy similar stories. Magrathea Metals Chief Executive Alex Grant. The startup has started emphasizing national security in its marketing.

According to NSE-listed data analytics firm PropEquity, Housing sales in Q1 2025 stood at 1,05,791 units as compared to 1,36,702 units in the same period last year. In 2024, the sale saw a marginal 9% decline in sales at 4,70,899 units while new supply fell by 15% to 4,11,022 units on the back of two quarters of under-activity due to General Elections and monsoon.

Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the asset that benefited most due to the tariff war. Gold in the key London spot market is hovering above the psychological level of $3,000 an ounce, gaining more than 15 percent so far this year. Similarly, Indian gold prices also gained considerably, with the MCX futures prices trading at a lifetime high of ₹88,800 per ten grams last week.

Speaking at a Business Today event here, Jaishankar also said that after decades of hearing the virtues of globalisation, the world today is grappling with the reality of industrial policies, export controls and tariff wars. He said that ensuring a favourable energy environment for coming decades is understandably one of India's key diplomatic objectives. Beyond fossil fuels, it extends to developing and deploying renewables on a large scale as well as exploring the potential of small modular reactors, he said. «The fifth biggest economy of the world must necessarily develop a broad and diverse set of energy relationships,» Jaishankar said.

Danny Moses, who is known for predicting the mortgage-backed debt led 2008 financial crisis, has now sounded alarm for another economic crisis fueled by massive government employee layoffs under the Department of Government Efficiency (DOGE), headed by Elon Musk.

Subscribe to enjoy similar stories. Chinese leader Xi Jinping is battling petty corruption through a nationwide campaign that has swept up more than half a million low-level officials over the past year, as Beijing grapples with rising public resentment over a sagging economy.

Subscribe to enjoy similar stories. “Everything keeps changing in this transitory life," according to the performance artist Laurie Anderson. The use of “transitory" was assumed to have been consigned to the dustbin of the history of the Federal Reserve’s blunders after the Fed failed to recognize that post-Covid inflation was anything but passing.

startups projected to double from 1.2 lakh in 2023 to 2.4 lakh by 2030, as per a report by executive search firm Longhouse, The Times of India said. This growth is expected to drive a surge in high-value enterprises, with the number of unicorns, or startups valued at over $1 billion, likely to increase from 120 currently to 280 by the end of the decade. The expansion is also expected to significantly impact employment, with startups contributing to both direct and indirect job creation across key sectors. Startup-led employment to touch 50 million

tariffs expected to begin in early April may not be as burdensome as feared. Trump said there will be flexibility on tariffs and that his top trade chief plans to speak with his Chinese counterpart next week. The president also reiterated his plan to use duties as a way to narrow the U.S. trade deficit with China.

Subscribe to enjoy similar stories. New Delhi: Key Indian exports may have started cooling even before US president Donald Trump’s reciprocal tariffs roll out. Worried that higher levies may kick in by the time products land on American shores, local exporters are hesitant to ship engineering goods to the US, according to industry representatives.

According to the BRC-Opinium poll, the respondents' perception of the state of the UK economy rose to -35 in March, up from -37 in February, while their personal financial situation improved to -10 in March, compared to -11 a month prior. OECD downgrades UK growth forecast to 1.4% for 2025 On the retail personal spending front, scores rose to 0 in March from -5 in February, with overall personal spending rising from +4 in February to +11 this month. Helen Dickinson, BRC chief executive, said the stabilisation of consumer confidence this month came «coupled with an increase in spend...

In its meeting on Wednesday (19 March), the Federal Open Market Committee (FOMC) voted to maintain the current federal funds rate at 4.25%-4.5%.  Notes from the meeting revealed the FOMC decided to slash its GDP expectations for the US from its previous December 2024 predictions.  Federal Reserve holds rates steady as inflation 'remains a primary risk' During 2025, the FOMC expects the US economy to expand by 1.7%, down from the 2.1% anticipated at the end of last year.  Similarly, US growth forecasts for 2026 and 2027 were cut from their December levels to 1.8% each year, down ...

U.S. President Donald Trump’s rather erratic approach to trade policy once left room for hope that maybe his tariff threats were just that — threats — but as the April 2 deadline nears a harsher outlook is setting in.

Someone let the inflation genie out of the bottle again, and if you wish to send a thank you note, mail it to Washington, D.C.

Canada could soon face a recession that would extend throughout the rest of the year as United States President Donald Trump’s tariff war upends economies and trade around the world, according to a new analysis by Desjardins Group.

OpenAI CEO Sam Altman, in an interview with Ben Thompson of Stratechery, stated that, after a certain point, there would be less need for software engineers when asked whether the company should continue hiring them. He said, “I mean, my basic assumption is that each software engineer will just do much, much more for a while. And then at some point, yeah, maybe we do need less software engineers.” The conversation also touched on the impact of artificial intelligence (AI) on jobs and the speed of job displacement. When asked for his perspective on the issue, Altman expressed the view that the changes would not be sudden but would accelerate gradually over time.