RBI deputy governor Poonam Gupta is upbeat on India’s growth prospects, especially due to a series of reforms. In her first interview since taking charge eight months ago, she tells TOI that the recent movement of the rupee is not a concern. Excerpts:What’s your overall assessment on growth and inflation, and are we nearing the…
US consumer confidence weakened in December, sliding to its lowest level since President Donald Trump rolled out sweeping tariffs earlier this year, as households grew more anxious about high prices, trade levies and job prospects, according to a survey by the Conference Board.The Conference Board said its consumer confidence index fell 3.8 points to 89.1…
US stocks were largely steady near record levels in early trade on Tuesday after government data showed the American economy expanded at a stronger-than-expected pace in the third quarter, pushing Treasury yields higher even as equity moves stayed muted in holiday-thinned trading. The S&P 500 hovered close to its all-time high set earlier this month,…
The US economy grew at a faster-than-expected annual rate of 4.3% in the July–September quarter, driven by stronger consumer spending, exports and government outlays, even as inflation remained above the Federal Reserve’s comfort level, according to official data released on Tuesday, AP reported.Gross domestic product (GDP), which measures the total value of goods and services…
China has escalated trade tensions with India by launching a dispute at the World Trade Organization (WTO) over New Delhi’s policies covering solar cells, solar modules and information technology goods, seeking formal consultations under the global trade body’s dispute settlement mechanism, Reuters reported.The WTO said on Tuesday that China has requested dispute consultations with India,…
Indians continued to turn to familiar comfort food in 2025, with biryani retaining its position as the most ordered dish on Swiggy, even as burgers, pizzas and dosas dominated the rest of users’ carts, the food delivery platform said in its annual report, PTI reported.According to the 10th edition of Swiggy’s How India Swiggy’d report,…
It’s the fourth week of December. It is the last and final chance to look at your financial to-do list for 2025.A pension scheme you picked years ago pops up with a deadline. A tax return you meant to revise “next weekend” is now starting on December 31. And in the background, PAN-Aadhaar compliance still…
OYO’s parent company PRISM has secured shareholder approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed initial public offering, signalling steady progress towards a public market debut, according to PTI.The approval was granted at an extraordinary general meeting held on December 20, where shareholders…
Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs 2…
Gold prices surged to fresh lifetime highs on Tuesday, extending their rally as investors sought the safety of precious metals amid heightened geopolitical uncertainty and growing bets on interest rate cuts by the US Federal Reserve next year. The renewed buying momentum pushed both metals to record levels across domestic and global markets. On the…
