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 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,…
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…
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…
Noida International Airport (NIA) has tied up with IT services firm Tech Mahindra to establish and operate an integrated Network and Security Operations Centre (NOC-SOC), placing cybersecurity and digital resilience at the core of the airport’s operations from the outset, PTI reported.Under the partnership, Tech Mahindra will deliver 24×7 monitoring and management of network and…
South Korea’s Hyosung Heavy signs USD 82 million deal for UK wind project Hyosung Heavy Industries secured a contract worth 120 billion won, or approximately $82 million, to supply ultra-high-voltage transformers to the United Kingdom. This deal with SP Energy Networks, a division of ScottishPower, aims to support a significant wind power project as Britain…
The Central Board of Direct Taxes has cautioned that non-compliance will have financial consequences. (AI image) PAN-Aadhaar linking deadline: The final date to complete your PAN–Aadhaar card linkage is December 31, 2025. Beginning January 1, 2026, the Income Tax Department will declare all PANs that remain unlinked as inoperative.As per Notification No. 26/2025, issued on…
Asian equity markets mostly traded in green on Tuesday, extending the upward rally as investors sentiments were eased by hopes of US interest rate cuts and a concerns around artificial intelligence cooled. At the same time, gold and silver climbed to fresh record levels, adding to the upbeat mood ahead of the festive break.Taiwan gained…
