2028
Will your student loan plan be removed after July 1? SAVE repayment plan ends as new student loan rules begin in 2026
Student loan rules are changing soon. Some plans are ending while new ones are coming. The SAVE plan is already removed. From July 1, 2026, many borrowers will have fewer repayment choices. New plans like RAP will depend on income. Your loan date will decide your options. Borrowers must check their plans early to avoid confusion and sudden changes later.
US market today: Pfizer posts strong first-quarter, sees boost from recent legal wins
Pfizer reported higher-than-expected sales and profit on Tuesday and said a patent extension for its Vyndamax heart drug and a recent favorable European court ruling on its COVID-19 vaccine would help secure stronger growth after 2028.
SRF Q4 Results: Net profit rises 11% to Rs 582 crore; to invest Rs 2,300 cr on new plant in Odisha
Chemical firm SRF Ltd on Tuesday reported an 11 per cent increase in its consolidated net profit to Rs 582.02 crore for the quarter ended March and announced plans to invest Rs 2,300 crore to set up a plant in Odisha.
BJP’s Bengal win to boost Rajya Sabha strength, but only from 2029
The Bharatiya Janata Party's electoral successes will strengthen its Rajya Sabha presence over time. This impact will be seen in states like West Bengal and Tamil Nadu in upcoming years. The Congress party's representation is expected to decline. The National Democratic Alliance's strength in the Upper House is projected to grow, influencing the political landscape.
India, Jamaica agree to boost trade, skilled mobility, healthcare cooperation: Jaishankar
India and Jamaica are forging a dynamic partnership to enhance trade and foster collaboration in skilled labor. Recent talks delved into areas such as digital innovation, cultural exchange, sports, and modern payment systems. The two nations are committed to strengthening their economic ties and pursuing new avenues for cooperation.
Adani Cement eyes measured growth, defers ambitious FY28 targets
Adani Cement is prioritizing increased utilization of its current facilities. The company will focus on optimizing existing capacities. Capital expenditure plans may be adjusted. The CEO indicated a potential shift in targets to FY30. This strategy aims to leverage existing assets effectively. Adani Cement currently has a production capacity of 109 million tonnes.
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Duolingo's growth outlook moderates as it prioritises engagement over monetisation
Duolingo reported strong first-quarter earnings but anticipates slower growth ahead. The company is focusing on enhancing user experience and product quality, including AI features. This strategy aims to build a larger base of paying subscribers for long-term gains. Duolingo expects bookings growth of about 10.5% for the year.
Tips Music promoters eye stake sale; talks with Universal stalled
Tips Music promoters are seeking to sell a minority stake to fund film content investments and strengthen music rights control. Previous talks with Universal Music Group stalled due to differing stake and governance demands. The company aims to raise capital from financial investors to boost its film business.
UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensions
The UAE has exited OPEC and OPEC+ stating it is a sovereign decision. This comes after an ADNOC tanker was hit by Iranian drones in the Strait of Hormuz. The UAE called it a terrorist attack. Officials emphasized the Strait of Hormuz must remain open for global economic stability.
Village braces for closure of Spain's largest nuclear plant
As Spain eyes a greener future, the Almaraz nuclear plant stands at a crossroads. Set for closure by 2028, the facility's fate is now up in the air due to recent energy shortages that have ignited intense discussions.
UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statement
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates' officially left the OPEC oil cartel. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British protectorate became an independent country.
India eases HVDC localisation rules, sets timeline to reach 60% local content by 2035
The Ministry of Power has updated its 'Make in India' rules for the power sector. A new plan will gradually increase local content in HVDC substations. This aims for 60 percent Indian-made components by 2035. The changes provide a transition for domestic industries to grow their capacity.
We hear Indian athletes running away when there's doping control: International Testing Agency head
The International Testing Agency (ITA) has raised concerns about doping in India. Athletes are reportedly receiving advance notice of tests and avoiding controls. The ITA suggests India needs significant governance and structural reforms to be considered for hosting the 2036 Olympic Games. Officials are working with Indian anti-doping bodies to address these issues.
Global Market: Christine Lagarde rejects stagflation fears despite rising risks
ECB President Christine Lagarde dismissed stagflation concerns in the euro zone, even as risks to growth and inflation rise. The central bank held rates steady and maintained modest growth projections. While inflation pressures persist and economic momentum weakens, the ECB said current conditions do not reflect historical stagflation dynamics.
Congress relents, backs Shiv Sena UBT for Maharashtra MLC elections
The Congress party has decided to support the Uddhav Balasaheb Thackeray Sena nominee for the Maharashtra Legislative Council elections. This decision was made to ensure opposition unity and prevent the Bharatiya Janata Party from gaining an advantage. A meeting between Congress and Sena leaders solidified this agreement. The Congress party sought assurances for future nominations.
Japan may approve bill to increase immigration fees
Japan's parliament has approved a bill to significantly increase immigration fees for foreign residents and applicants. New charges for residence status changes and permanent residency will rise substantially. The government also plans a new online pre-screening system for short-term visitors. These measures aim to manage the growing foreign population and improve immigration control.
Pilibhit in UP to get India's first integrated Basmati, organic training-cum-demo farm
India is set to boost its Basmati rice sector. APEDA will establish a new training and demonstration farm in Pilibhit. This facility will focus on both conventional and organic Basmati cultivation. It aims to enhance farmer training and research. An AI-based survey project for Basmati paddy is also launching. These initiatives will strengthen India's agricultural exports.
Carrier Global to invest ₹863 cr in chiller making plant in Andhra Pradesh
Carrier Global will invest ₹863 crore to build a state-of-the-art chiller and cooling systems manufacturing facility at Sri City near Tirupati. This project aims to boost Andhra Pradesh's data centre ecosystem by localizing critical infrastructure. The facility is expected to create 721 jobs and supports the state's goal of 6 GW hosting capacity.
US Supreme Court ruling guts minority vote protections, could redraw political map by 2028
The Supreme Court significantly weakened a key Civil Rights-era law by striking down a majority Black congressional district in Louisiana. This 6-3 ruling, authored by Justice Alito, found the district an unconstitutional gerrymander, potentially enabling more Republican-friendly redistricting. The decision's full impact may be felt in 2028, as most filing deadlines for this year have passed.
Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%
Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.
KPMG to exit US federal audit business
Big Four firm KPMG is leaving its federal government audit work. The company will move over 450 U.S. staff to new roles. This follows a loss of a major contract with the Pentagon. KPMG had audited the U.S. Army for nearly a decade. The defense department is changing its audit approach.
China to grant zero-tariff treatment to all African countries with diplomatic ties from May 1
China will offer zero-tariff benefits to all African nations with diplomatic ties starting May 1. This initiative expands previous measures for least developed countries. The move aims to boost trade and economic partnership between China and Africa. This policy will be implemented in phases, with further agreements planned to enhance trade facilitation and agricultural exports from Africa.
TSMC projects 70% annual growth in 2nm capacity through 2028
TSMC anticipates substantial growth in its 2-nanometer chip production from 2026 to 2028. The company is also preparing its new A13 process for volume production in 2029. This advanced technology aims to meet the increasing demand for artificial intelligence and high-performance computing. TSMC continues to expand its manufacturing capabilities globally to support future chip designs.
EU lawmakers back blockbuster $2.3-trillion long-term budget
The European Parliament has backed a larger EU budget for 2028-2034, proposing new taxes on digital giants and online gambling to fund a 10% spending increase. This ambitious plan clashes with member states like Germany, which advocates for spending cuts. EU officials are pushing for a deal by year-end, citing geopolitical instability and concerns about upcoming elections.
RBI tightens oversight on offshore rupee trades with new FX reporting rules
The Reserve Bank of India is bringing offshore rupee derivative trades under its regulatory watch. Authorized dealers must now report over-the-counter FX contracts, both deliverable and non-deliverable, to enhance oversight of price discovery. This move aims to curb market volatility. A phased implementation starting July 2027 will allow banks time to comply.
Qualcomm surges on report of OpenAI tie-up for AI smartphone processors
Qualcomm shares surged on news of a potential OpenAI smartphone processor collaboration. OpenAI is reportedly working with Qualcomm and MediaTek on an AI-focused device. Mass production is anticipated around 2028. This move signals a continued central role for smartphones in the AI era, despite other tech giants also focusing on AI integration.
RBI asks banks to report overseas rupee OTC derivative contracts to CCIL
In a move aimed at improving transparency in the derivatives market, the central bank has issued directions on 'Reporting Instructions for Authorised Dealer Category - I Banks'.
Meta partners with space startup Overview Energy to secure solar power for data centers
Overview Energy is developing a system that can collect solar energy in space and beam it to facilities on the ground for power generation around the clock. Initial orbital demonstration of the system is expected in 2028, with commercial power delivery in 2030, the companies said.
Trump’s Golden Dome plan under pressure as funding gaps and Congress pushback cloud missile defence project
President Donald Trump's ambitious Golden Dome missile defence system faces significant hurdles. Concerns are mounting over its massive cost, estimated between $185 billion and $3 trillion. Lawmakers are questioning the funding strategy, with some Republicans expressing reservations. The Pentagon is seeking substantial funds for the project, which aims to counter intercontinental ballistic missiles and drones.
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