US monetary policy: Fed’s official sees no urgency for further rate cuts, flags distorted inflation data
A top US Federal Reserve official indicated no immediate need for further interest rate cuts. New York Fed President John Williams believes recent inflation data ...
US housing market: Home sales tick up in November; annual volumes slip as prices stay elevated
US existing home sales saw a slight monthly increase in November, reaching a seasonally adjusted annual rate of 4.13 million units. Despite this, the national ...
US markets today: Wall Street ticks up as AI shares stabilise; investors assess global cues
Wall Street opened higher, boosted by AI-linked stocks and a positive outlook following the Bank of Japan’s anticipated interest rate hike. Major indices saw gains, ...
ADB lending to India: ADB pledges $4.26 billion in 2025 sovereign lending; focus on jobs, energy transition and cities
The Asian Development Bank committed $4.258 billion in sovereign lending to India for 2025, supporting key sectors like workforce skilling, renewable energy, and urban infrastructure. ...
Forex kitty: India’s reserves rise $1.68 billion to $688.94 billion; gold and FX assets up
India’s foreign exchange reserves surged by $1.689 billion to $688.949 billion in the week ending December 12. Special Drawing Rights and India’s reserve position with ...
India-Oman CEPA rollout: Trade pact may take effect in three month; Piyush Goyal flags faster execution
India and Oman are set to activate their new economic partnership within three months, a swift rollout compared to past agreements. This pact grants India ...
The delayed $5-trillion dream: What IMF’s new timeline means for your wallet
India’s $5 trillion economy target has been pushed to 2028-29, primarily due to currency depreciation and lower-than-expected nominal GDP growth. While the real economy continues ...
Piramal Finance exit: Firm to sell 14.72% stake in Shriram Life to Sanlam; Rs 600 crore deal
Piramal Finance is divesting its 14.72% stake in Shriram Life Insurance Company to South Africa’s Sanlam Group for Rs 600 crore. The proceeds is expected ...
Shriram Finance inks pact with Japan’s MUFG Bank for investment of Rs 39,618 crore; MUFG to acquire 20% stake
Shriram Finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group ...
What is SHANTI Bill 2025? Top things to know about the new nuclear energy bill & what it means
India’s Lok Sabha has passed the SHANTI Bill, ushering in a significant overhaul of its civil nuclear framework. The legislation opens parts of the sector ...
