VETERAN HEALTHCARE
US-based Tryfacta plans IPO at GIFT City to raise up to $150 million
US-based Tryfacta Inc is planning to file draft papers for its initial public offering (IPO) by the end of this month to raise USD 100-150 million through a listing on the international exchanges at Gujarat International Finance Tec-City (GIFT City), according to people familiar with the development.
No Kings Protest on October 18: Peaceful protests set to be the largest against Trump across US - all details
Millions are expected to participate in nationwide 'No Kings' protests on October 18. Organizers anticipate the largest peaceful demonstration in modern American history. This event aims to counter President Donald Trump's administration's actions. Groups like the ACLU and MoveOn are supporting the mobilization. The protests will voice opposition to what organizers call assaults on freedoms and democracy.
All you need to know about Sanae Takaichi, who is likely to become Japan's first woman PM
Sanae Takaichi is set to become Japan's first female prime minister. She won the ruling party leadership. Takaichi is a politician who allied with Shinzo Abe. She faces public anger over rising prices. Takaichi supports defense capabilities and economic policies. She holds views on history and immigration. Her administration will address women's representation in government.
12 equity funds outperform with over 30% returns since last Dussehra
Nearly 12 equity MFs have delivered over 30% returns since last Dussehra, out of around 631 equity and equity-oriented funds. International funds dominated the top performers, with 49 of the best-performing funds in this category. Mirae Asset NYSE FANG+ ETF FoF led the gains with a 73.48% return, followed by Invesco India – Invesco Global Consumer Trends FoF at 62.84%.
Did the government shut down last night? Here’s what you missed while you slept
The U.S. federal government shut down at 12:01 a.m. EDT on October 1, 2025. This happened because Congress and the President could not agree on a new funding bill to keep the government running. It is the first shutdown since the long one in 2018–2019 and the twenty-first in modern U.S. history.
Government shutdown update 2025: US to see largest mass resignation? Trump's plan revealed
The federal government began a shutdown Wednesday after lawmakers failed to resolve a spending dispute. This shutdown is distinct as the White House threatened mass firings and government scaling back, impacting services like economic data releases and health department operations. Crucial benefits like Social Security and VA care will continue, but hundreds of thousands face furloughs.
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HUD blames democrats for government shutdown as tensions rise in Washington
The Trump administration is blaming Democrats for a possible government shutdown, saying the “Radical Left” is causing problems. HUD shows a warning on its website, while other agencies also talk about the shutdown. Democrats say they want to work with Republicans and protect healthcare, housing, and food assistance. Federal employees and services could be affected if the shutdown happens.
Government to shut down after midnight — what will stay open, what will close, and how it works
The U.S. government is set to shut down at 12:01 a.m. on October 1, 2025, after Congress failed to pass a funding bill. Millions of Americans could be affected. Some government services will continue, while many others will stop. Federal employees may be furloughed, and essential workers could go without immediate pay. Travel, healthcare, and public services may see delays. This is the first shutdown since early 2019. Negotiations are ongoing, but no resolution has been reached yet.
Citi’s Indian-born banker Raghavan rises as CEO dark horse
Vis Raghavan, an Indian-born banker, has dramatically revitalised Citigroup's investment banking division since joining in 2023. His intense leadership has driven significant fee increases and a surge in Citi's shares, positioning him as a key player and potential future CEO contender, despite some internal friction.
Trump administration begins detailing shutdown plans as deadline nears
The Trump administration is detailing plans for an impending US government shutdown, uniquely threatening mass firings and downsizing federal agencies. Unlike past closures, furloughed staff can check layoff notices on government computers. The health department faces 41% furloughs, while crucial economic data releases will halt.
Amazon loses VP helping lead development of artificial general intelligence
Ramakrishnan worked on the first iteration of Amazon's Alexa voice assistant and the associated Echo devices. He began his career at Netscape before moving to Tellme Networks, which was acquired by Microsoft, according to his LinkedIn profile.
Galaxy Health Insurance targets Rs 450-crore premium by FY'27, breakeven in 4 years
Galaxy Health Insurance aims for significant growth. The company targets Rs 450 crore in premiums by fiscal year 2027. It anticipates breaking even within four years. Since April, premiums have reached Rs 40 crore. The insurer focuses on wellness and simplified claims. They plan to expand in West Bengal.
Nightmare at Nestlé: The world's biggest food company faces a reckoning
Nestlé, the global food giant, is undergoing significant changes. New CEO Philipp Navratil is tasked with reviving the company's performance. This follows leadership turmoil and a scandal involving the former CEO. Chairman Paul Bulcke has also retired earlier than planned. The company grapples with falling share prices and strategic missteps.
Viral video: Sweden's health minister, Elisabet Lann, collapses live on TV
Sweden's new Health Minister, Elisabet Lann, fainted during her inaugural press conference, attributing it to low blood sugar. The incident occurred shortly after she addressed the audience, causing concern amidst ongoing healthcare challenges. Despite the unsettling start, Lann's sudden collapse raises questions about her immediate capacity to tackle critical issues like hospital wait times and staff shortages.
Almost 900 people were arrested at London Palestine Action protest, police say
British police arrested nearly 900 individuals at a demonstration supporting Palestine Action, recently proscribed under anti-terrorism laws. The government urges an end to protests backing the group, which has targeted defense firms and a Royal Air Force base. While organizers claim those arrested include diverse individuals, police cite coordinated violence and assaults on officers during the protest near parliament.
GST Council slashes tax slabs to two to spur consumption; announces key measures for middle class
GST Meeting News: The Goods and Services Tax (GST) Council has streamlined India's indirect tax system. It reduced the existing four tax slabs to two. Many items will become cheaper as they move to lower tax brackets. This aims to boost consumer spending. The change follows Prime Minister Narendra Modi's promise of a GST overhaul.
Labor Day 2025 parades and fireworks: the can’t-miss events across the USA this weekend
Labor Day 2025 is set to bring millions of Americans together for parades, concerts, and fireworks that mark the official close of summer. If you’re looking for a “Labor Day parade near me,” this year’s calendar has more options than ever—making it the perfect time to join the crowds and celebrate.
Management jobs to increase with AI advent, B-schools need to prepare students: GIM Director
Goa Institute of Management Director Ajit Parulekar believes AI will increase management jobs, demanding new skills. Management institutions face the challenge of preparing graduates for these roles, as technology rapidly evolves. The focus shifts from data science to managerial implications of analytics, AI, and machine learning, emphasizing agility and lifelong learning for sustained careers.
Retail to lead India’s next consumption wave: Milind Karmarkar
Rising per capita incomes are shifting India’s consumption growth from FMCG to retail, offering higher returns. Experts highlight retail stocks like Trent and DMart as long-term opportunities, emphasizing patience, valuation discipline, and gradual accumulation amid cyclical trends and economic shifts.
Defence Ministry signs MoU with QCI to enhance Veteran Welfare Services
The Department of Ex-Servicemen Welfare (DESW) has partnered with the Quality Council of India (QCI) to improve services for veterans. The MoU aims to enhance pension, healthcare, resettlement, and welfare delivery through digital evaluations and policy recommendations. This collaboration will strengthen healthcare, expand employment opportunities, and reinforce institutional frameworks for veterans' support.
50% US tariffs won't be a surprise, Indian markets to stay resilient: Sunil Subramaniam
The US administration’s move to impose tariffs on Indian goods from tomorrow (August 27) won't come as a major shock to the markets, according to market expert Sunil Subramaniam.
JPMorgan names Jerry Lee global chair of investment banking, memo shows
JPMorgan Chase has appointed Jerry Lee, a seasoned industry expert, as the global chair of investment banking, anticipating a resurgence in dealmaking. Lee, formerly Goldman Sachs' global head of biopharma banking, brings extensive experience advising on over $300 billion in mergers and acquisitions. This strategic move positions JPMorgan Chase to capitalize on the expected investment banking boom in 2026.
IRS reportedly says $1,390 stimulus checks for eligible Americans are on the way: here are all the details
IRS $1,390 stimulus checks are reportedly on track to reach millions of eligible Americans this late summer. The Treasury Department and IRS has debunked $2,000 rumors, aiming to provide relief for low- and middle-income households.
Independence to financial freedom: Lessons for young investors leading the wealth creation journey to developed India
This 15th August, as India celebrates 78 years of political freedom, a new revolution is reshaping the nation—one led by millions of young investors from across the country. Armed with technology, ambition, and a taste for calculated risk, they’re not just chasing personal wealth—they’re building the economic backbone of a Viksit Bharat.
Red flags for the economy: Economist points to 3 warning signs of an imminent recession in US
US recession 2025 warning signs: Economist Mark Zandi warns the US economy is nearing a recession, highlighting concerning labor market trends. Payroll employment growth has stalled, with downward revisions raising alarms. Over half of US industries are cutting jobs, and the unemployment rate's reliability as a recession indicator is diminishing, signaling a potential downturn.
VA hospitals in crisis! Audit exposes every center faces severe staffing shortages - are veterans at risk?
VA hospital staffing crisis under Donald Trump: VA hospitals nationwide are grappling with a severe staffing crisis, exacerbated by workforce reductions under the Trump administration. Critical shortages of doctors and nurses are raising concerns about the quality of care for veterans. While the VA cites nationwide shortages and promotes private referrals, unions and advocates fear a deliberate move towards privatization amid budget shifts.
From Tata Motors to Adani: 141 companies see profits & sales decline in Q1. Is your portfolio at risk?
The June quarter earnings season disappointed investors, with many companies reporting simultaneous declines in sales and profit. Despite some sectors like cement and healthcare showing strength, large sectors including IT, financials, and auto experienced weak earnings growth. Experts remain cautiously optimistic, anticipating a recovery in the second half of FY26, driven by factors like rate cuts and a favorable monsoon.
Veterans Affairs terminates union contracts — what it means for federal workers nationwide
The Department of Veterans Affairs has terminated collective bargaining agreements with unions, impacting over 377,000 employees. VA Secretary Doug Collins stated the decision was due to union opposition to reforms and protection of underperforming employees. Union leaders have condemned the move as a political attack, citing concerns over privatization and staffing cuts that could jeopardize veteran care.
VA terminates major union contracts and it will impact over 400,000 federal workers. What's at stake for you?
The Veterans Affairs Department ended collective bargaining agreements with unions. This impacts around 360,000 healthcare workers. The move follows a Trump executive order. It also coincides with plans to reduce the VA workforce. The agency claims this will allow staff to focus more on veterans. Union leaders criticize the decision. They accuse the administration of anti-worker actions.
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