The Reserve Bank of India on Tuesday announced a fresh liquidity infusion, unveiling plans to purchase government securities worth Rs 2 lakh crore and conduct a $10 billion dollar-rupee swap auction to ease conditions in the banking system.The central bank said the open market operations (OMO) purchases and the USD/INR buy-sell swap auctions will be…
US President Donald Trump on Tuesday seized on stronger-than-expected third-quarter growth to claim an “economic golden age,” arguing that tariffs and his tax policies were driving a sharp acceleration in activity even as official data pointed to lingering inflation pressures and a softening labour market.In a post on Truth Social, Trump said the US economy’s…
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…
The Council of the European Union, an EU body that amends legislation and commits national governments to adopting the bloc’s laws, said it backs the European Central Bank’s plan to explore an official digital currency, calling it an evolution of money and a tool for financial inclusion. In a Friday post on its website, the…
NEW DELHI: President Droupadi Murmu on Tuesday presented the annual ‘Rashtriya Vigyan Puraskar’ (national science awards) to distinguished scientists from diverse fields at a special function here at Rashtrapati Bhavan.Under the second edition of the Puraskar, 24 awards were presented to scientists in four categories – Vigyan Ratna, Vigyan Shri, Vigyan Yuva, and Vigyan Team….
Members of the Federal Reserve rate-setting committee say they are factoring increased labor productivity into their economic forecasts as artificial intelligence technology becomes more widely adopted. Fed Chair Jerome Powell addressed this topic in his December news conference, saying that in past technology waves “there’s always been more work and higher productivity and incomes have…
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…
Protests were held across India over killing of Hindu man in Bangladesh Protests condemning violence against Hindus in Bangladesh across across multiple cities in India on Tuesday after a Hindu man was lynched by a mob in Mymensingh. Meanwhile, Bangladesh also witnessed unrest following the killing of political activist Sharif Osman Hadi. Diplomatic tensions rose…
Citadel plans to return about $5 billion in profits earned in 2025 back to investors at the beginning of next year, according to a person familiar with the matter. The firm’s flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said, who asked not to be named discussing performance…
Filecoin FIL$1.2728 retreated 2.2% over 24 hours, slipping from $1.32 to $1.29 as technical sellers dominated price action. The decentralized storage token established a clear bearish channel pattern with successive lower highs confirming downward momentum across the 5 cent trading range, according to CoinDesk Research’s technical analysis model. The model showed that volume activity told…
