Business
Powell: Market turmoil not a trigger for Fed action, dollar support ready
“What I think is going on in markets is markets are processing what’s going on, markets are struggling with a lot of uncertainty and that means volatility,” Powell said in an appearance in Chicago.The U.S. Federal Reserve is ready to provide dollar liquidity through its swap lines with other central banks as needed, Fed Chair Jerome Powell said on Wednesday.Despite the tumult, “markets are functioning conditional on being in such a challenging situation, markets are doing what they’re supposed to do, they’re orderly and they’re functioning just about as you would expect them to function” given the uncertainty.
Ready to provide dollar liquidity
“We want to make sure that dollars are available,” Powell said in response to a question at an event at the Economic Club of Chicago.“The reason we do it is it’s really good for U.S. consumers, so we’ll do that just as part of the dollar being a reserve currency,” he said.Published on April 17, 2025
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Federal Reserve Chair Jerome Powell suggested on Wednesday hopes the central bank will step in to tamp down on market volatility are likely misplaced.
Ready to provide dollar liquidity
The U.S. Federal Reserve is ready to provide dollar liquidity through its swap lines with other central banks as needed, Fed Chair Jerome Powell said on Wednesday.Published on April 17, 2025
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“What I think is going on in markets is markets are processing what’s going on, markets are struggling with a lot of uncertainty and that means volatility,” Powell said in an appearance in Chicago.
Business
Volkswagen Golf GTI: Redemption
You won’t be bothered about any of that the moment you set out for your drive. We had access to the NATRAX test centre near Indore for this drive — including the 11.3 km high-speed circuit — and the GTI showed its true colours. The car epitomises flexibility; you can hoon it around a racetrack, and, without making any mechanical changes, drive it to work like nothing happened, and the car will quite obediently follow your lead. The sleek exterior design draws your attention quickly and is also well-proportioned, but not without great hints of aggression, making the car’s purpose quite evident. There are four exterior colours to choose from, its 18-inch alloy wheels are standard, and there’s no dearth of ‘GTI’ badges. An illuminated strip joins the two headlights, making the Golf GTI ever so slightly more dramatic when it gets dark outside. This is further complemented by an illuminated VW logo, while the trademark red strip across the front, the five-pod fog lights, and the fang-like elements on the lower grille work in tandem to ensure that the GTI’s is a face you wouldn’t forget.
The 12.9-inch touchscreen is the centerpiece — more than just a big display, it’s smartly integrated for enhanced functionality
| Photo Credit: Kaizad Adil Darukhanawala
Start the car in sport mode, and the exhaust has a mild rumble (which isn’t too intrusive), but as revs climb, the engine noise becomes more characterful, and it even emits pops without needing a ‘pops and bangs’ tune from your friendly tuner. The chassis, too, is remarkable, again signifying the Golf GTI’s flexibility. It doesn’t get adaptive dampers, but despite that, the ride is comfortable. In the handling department, the Golf scores quite well. Its nose is eager to follow your steering input although the steering itself feels a bit numb. You can fully deactivate the car’s stability control, but I found that ESC Sport allowed me to push the car without intervening. My only gripe is that while the automatic gearbox is quick to shift, both by itself or when you operate it using the paddle shifters, a car like this deserves to be specced with a manual gearbox. Balanced dynamics
© Motoring WorldNearly a decade ago, Volkswagen India did the unthinkable. It brought to our market a car that seemed impractical, had fewer doors, and was about four times as expensive as the one it was based on. Despite that, it found many takers, quickly helping it attain a legendary status — so much so that used examples show nearly no signs of depreciation, even a decade later. That was the Volkswagen Polo GTI, and now, nine years later, Volkswagen has brought out another GTI; this time, a more powerful and definitely more focussed one. It is the Mk 8.5 Golf GTI, a front-wheel drive hatchback whose badge is considered synonymous with ‘hot hatch’. We take it out for a drive to understand what the fuss is aboutPublished on June 6, 2025 I’ve always adored the Golf GTI, and I’m certain there are many out there who share the same sentiment. Priced at ₹53 lakh, ex-showroom, the Golf GTI isn’t going to be within everyone’s reach, but you know what, if you’ve wanted one badly (and have the means), you would have booked it already. The first lot of 150 cars coming to India is sold out already, which proves my point.
Sleek design
© Motoring World
The 12.9-inch touchscreen is the centerpiece — more than just a big display, it’s smartly integrated for enhanced functionality
| Photo Credit: Kaizad Adil Darukhanawala
I’ve always adored the Golf GTI, and I’m certain there are many out there who share the same sentiment. Priced at ₹53 lakh, ex-showroom, the Golf GTI isn’t going to be within everyone’s reach, but you know what, if you’ve wanted one badly (and have the means), you would have booked it already. The first lot of 150 cars coming to India is sold out already, which proves my point.
Balanced dynamics
There’s no doubt that Volkswagen has been at the top of its hot hatchback game, and we’re pleased to report that the Golf GTI is unchanged for the Indian market. It’s powered by the EA888 2-litre turbocharged petrol engine, which makes 261 bhp and 37.7 kg-m. It powers the front wheels via a 7-speed dual-clutch automatic gearbox and an electronically controlled limited-slip diff. The sleek exterior design draws your attention quickly and is also well-proportioned, but not without great hints of aggression, making the car’s purpose quite evident. There are four exterior colours to choose from, its 18-inch alloy wheels are standard, and there’s no dearth of ‘GTI’ badges. An illuminated strip joins the two headlights, making the Golf GTI ever so slightly more dramatic when it gets dark outside. This is further complemented by an illuminated VW logo, while the trademark red strip across the front, the five-pod fog lights, and the fang-like elements on the lower grille work in tandem to ensure that the GTI’s is a face you wouldn’t forget. Start the car in sport mode, and the exhaust has a mild rumble (which isn’t too intrusive), but as revs climb, the engine noise becomes more characterful, and it even emits pops without needing a ‘pops and bangs’ tune from your friendly tuner. The chassis, too, is remarkable, again signifying the Golf GTI’s flexibility. It doesn’t get adaptive dampers, but despite that, the ride is comfortable. In the handling department, the Golf scores quite well. Its nose is eager to follow your steering input although the steering itself feels a bit numb. You can fully deactivate the car’s stability control, but I found that ESC Sport allowed me to push the car without intervening. My only gripe is that while the automatic gearbox is quick to shift, both by itself or when you operate it using the paddle shifters, a car like this deserves to be specced with a manual gearbox. You won’t be bothered about any of that the moment you set out for your drive. We had access to the NATRAX test centre near Indore for this drive — including the 11.3 km high-speed circuit — and the GTI showed its true colours. The car epitomises flexibility; you can hoon it around a racetrack, and, without making any mechanical changes, drive it to work like nothing happened, and the car will quite obediently follow your lead.
Business
Bengaluru RCB stampede fallout: Govt suspends top cops, orders CID probe
Published on June 5, 2025 A Magisterial inquiry has been initiated, with the Deputy Commissioner of Bengaluru Urban District appointed as the inquiry officer, and the report is expected within 15 days, according to Chief Minister Siddaramaiah, who posted the update on X. As per the order issued yesterday, the Cabinet discussed the matter after preliminary details of the tragedy emerged, and the investigation against the three organisations involved has been handed over to the CID.Earlier today, the BJP criticised the state government and demanded the resignation of Chief Minister Siddaramaiah and Deputy CM D.K. Shivakumar. Karnataka BJP President B.Y. Vijayendra called the celebration “inhumane” and held the state government fully responsible for the tragedy. “The lack of anticipation for lakhs of people is an admission of failure on their part. The CM tried to escape accountability by saying the stampede only occurred at Chinnaswamy Stadium,” he said.Meanwhile, RCB announced a compensation of ₹10 lakh each for the families of the deceased on Thursday. The franchise also set up a fund called ‘RCB Cares’ to support fans injured in the incident. The Karnataka government had already announced ₹10 lakh compensation and committed to bearing the full medical expenses of those injured.Speaking to the media at a press conference after the emergency Cabinet meeting on Thursday, Chief Minister Siddaramaiah said that a one-member commission has been constituted under the leadership of retired High Court judge Justice Michael Cunha. Legal action has also been initiated against representatives of three entities—RCB, event organisers DNA, and the Karnataka State Cricket Association (KSCA). An FIR has been registered, and directions have been issued to arrest those responsible.The government has suspended the Police Inspector of Cubbon Park Police Station, the Assistant Commissioner of Police (ACP) of the area, the Central Deputy Commissioner of Police (DCP), the Additional Police Commissioner in charge of the stadium, and the Bengaluru City Police Commissioner, with immediate effect.
The government has suspended the Police Inspector of Cubbon Park Police Station, the Assistant Commissioner of Police (ACP) of the area, the Central Deputy Commissioner of Police (DCP), the Additional Police Commissioner in charge of the stadium, and the Bengaluru City Police Commissioner, with immediate effect.
Business
Meta expands ad tools to boost advertiser performance
Measuring campaign success across channels
Published on June 4, 2025 In case of RoAS based on profit margin, Meta istesting the ability for advertisers to send information through our Conversions API that highlights the profit driven from a sale. This will be used to focus on driving RoAS where the return is based on profit, instead of the size of a purchase.
Bringing Value Rules to more advertisers
Some advertiserslook at RoAS based on value associated with a custom event or a non-purchase standard event, like first purchase, subscription, etc. Considering this, Meta is offering a global feature to use the “maximise value of conversions” performance goal across any event.
“An advertiser who knows that a certain age group is typically more likely to be a repeat purchaser could create a rule that would have them bid more for these customers, since they know that they likely will have higher lifetime value and ultimately help their bottom line. In this situation, advertisers are directly communicating additional business information with Meta to specify how different dimensions drive value for their business,” said Meta.Beauty brand Laura Geller increased RoAS by 46 per cent when they used Value Optimisation with a custom event of ‘first-time purchaser.’ It instructed Meta’s ads system to prioritise acquiring new customers to generate high RoAS, rather than solely focusing on new customer acquisition. Meta globally rolled out Incremental Attribution that optimises for and reports on incremental conversions in real time.Advertisers who tested this feature saw an average 46 per cent increase in incremental conversions compared to their business-as-usual campaigns. Even if an advertiser has never run a Lift test themselves, they can simply toggle the setting on in Ads Manager, and we’ll automatically optimise their campaign to drive more incremental conversions.
Published on June 4, 2025 Some advertiserslook at RoAS based on value associated with a custom event or a non-purchase standard event, like first purchase, subscription, etc. Considering this, Meta is offering a global feature to use the “maximise value of conversions” performance goal across any event.Another product allows advertisers to know more granular click-level attribution information with Meta. For example, whether an individual click ultimately credited with a conversion, via Analytics integrations with partners like Adobe Advertising, Northbeam, Rockerbox and Triple Whale. Doing so enables advertisers to test ‘Custom Attribution feature’ over the next year, where advertisers can incorporate insights from external measurement sources into optimisation and drive more outcomes as measured in their analytics tools.Meta also expanded the availability ofValue Rules that gives advertisers the option to set up rules in Ads Manager that assign higher value to certain types of customers, focusing AI-powered ads system towards higher RoAS outcomes.
Measuring campaign success across channels
“This allowed us to put more focus on an audience that we know typically has higher purchase value, while also maintaining broad targeting that would unlock additional sales and help us discover new potential audiences,” said Schreiber.Meta globally rolled out Incremental Attribution that optimises for and reports on incremental conversions in real time.Advertisers who tested this feature saw an average 46 per cent increase in incremental conversions compared to their business-as-usual campaigns. Even if an advertiser has never run a Lift test themselves, they can simply toggle the setting on in Ads Manager, and we’ll automatically optimise their campaign to drive more incremental conversions.
Bringing Value Rules to more advertisers
According to Ben Schreiber, CMO of Latico Leathers, Value Rules zoned in on the 45-54 female demographic, increasing bids to this demographic by 75 per cent. Value Optimisation allows advertisers to optimise key performance indicators (KPIs), delivering an average of 12 per cent higher return on ad spend (RoAS) compared to when advertisers only focused on maximising the volume of conversions.Beauty brand Laura Geller increased RoAS by 46 per cent when they used Value Optimisation with a custom event of ‘first-time purchaser.’ It instructed Meta’s ads system to prioritise acquiring new customers to generate high RoAS, rather than solely focusing on new customer acquisition. Mumbai, June 4Meta announced the expansion of its advertising suite of products on Wednesday to help businesses achieve better overall advertising performance. Features such as Value Optimisation, Incremental Attribution and Value Rules will allow advertisers to share information about the types of outcomes they value and how they are measuring success. “An advertiser who knows that a certain age group is typically more likely to be a repeat purchaser could create a rule that would have them bid more for these customers, since they know that they likely will have higher lifetime value and ultimately help their bottom line. In this situation, advertisers are directly communicating additional business information with Meta to specify how different dimensions drive value for their business,” said Meta.
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