Economy News ( English version)

While Kunal Shah will join Meta full-time, stepping away from CRED, Miten Sampat will take over as interim CEO of the Indian fintech startup.

Kunal Shah has stepped down as CEO of Cred to lead WhatsApp globally, as the Indian company secures an ₹8,550 crore investment from Meta. What's next for Cred? 

Meta announces Kunal Shah of CRED as the new head of WhatsApp, succeeding Will Cathcart. 

Lucid Group is cutting roughly 1,500 jobs — its second major round of layoffs in four months — as COO Marc Winterhoff exits and the US EV market continues to cool. Here is what it means for the company's future

The share offering consists of a total of up to 263.25 million shares, including a fresh issue of 230 million shares under the QIP for a total of ₹6,555 crore and an offer for sale of up to 33.25 million shares worth ₹948 crore by the promoter Sajjan Jindal Family Trust.

The MPC members had voted for a status quo in the June policy, citing resilient growth and the need to assess inflation impact while stating that the MPC would closely monitor incoming data. The Reserve Bank of India has projected FY27 growth at 6.6% in the June policy, while the economy expanded at 7.7% in the January-March quarter, exceeding earlier estima […]

Indian law firms are actively seeking UK partnerships ahead of a free trade agreement, anticipating a surge in cross-border legal work. This pact is expected to boost demand in sectors like real estate, M&A, and tax, creating new opportunities. While some firms are forming direct alliances, others are collaborating on a project basis, leveraging shared l […]

Goyal said he would be "happy" if a deal is finalised before July 24, when Washington's temporary 10% tariff on trading partners is due to expire. However, he reiterated that India does not negotiate to deadlines.

The communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Research and Analysis by July 31.

Global economic fragility persists despite a US-Iran truce, with risks of renewed inflation and supply disruptions if tensions re-escalate. However, India remains well-positioned due to strong fundamentals like steady growth and anchored inflation. While a weak monsoon poses a domestic challenge, the nation's external sector shows resilience, supported […]