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Hardeep Singh Puri Dismisses E20 Fuel Issue Reports as Misrepresentation
Union Minister Hardeep Singh Puri stated that reports of E20 fuel issues are a misrepresentation, with automobile manufacturers and consumers accepting the blend. The government will consider E25 fuel after tests and consultations, while E85 rollout has begun. India aims for 20% ethanol blending to cut import dependence and support farmers.
Childhood Friends Build AI Startup Generating Over $13 Million by Age 21
Childhood friends Rudy Arora and Sarthak Dhawan launched Turbo AI, an AI-powered study app, in January 2024. By March 2025, the app was generating nearly $500,000 monthly, leading the founders to drop out of college after their sophomore year to focus on the business, which has since generated over $13 million in lifetime revenue.
ICAI May Pause Global Networking Guidelines Amid Audit Firm Concerns
The Institute of Chartered Accountants of India (ICAI) may pause its global networking guidelines due to concerns from major audit firms, including the Big 4, regarding registration and data sharing. The institute plans further talks with stakeholders to resolve disagreements, with a final decision expected soon.
India's FDI Surges 44% to $39 Billion in 2025, UNCTAD Report States
India's Foreign Direct Investment (FDI) rose 44% to $39 billion in 2025, solidifying its global investment appeal, according to UNCTAD's 2026 World Investment Report. Despite a global FDI increase, project indicators suggest a more cautious investment environment.
BlackRock CEO Larry Fink Worried About New York City's Economic Outlook, Taxation
BlackRock CEO Larry Fink expressed concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He cited the city's reliance on top earners for tax revenue and criticized "13 years of weak administrations."
Indian Economy Shows Resilience Amidst Middle East Conflict, But Monsoon Concerns Linger
Despite global economic headwinds from the Middle East conflict, India's economy shows resilience with strong GST collections, vehicle sales, and UPI transactions. However, a weak monsoon due to El Nino poses a risk to inflation and rural demand, though economists believe the worst is over.
