It’s no secret that Cleveland Fed President Beth Hammack has staked out a spot as perhaps the most hawkish member of the U.S. Federal Reserve since her appointment in 2024 after a career at Goldman Sachs. Next year, however, she will be in a more prominent position to advance those views. The Fed’s Federal Open…
NEW DELHI: The BJP-led Mahayuti alliance on Sunday recorded a decisive victory in Maharashtra’s local body elections, with the party claiming 48 per cent of councillor seats and winning 129 municipal council presidencies.Counting of votes for 286 municipal councils and nagar panchayats, conducted in two phases, showed the BJP emerging as the single largest party….
Financial analysts hinted at possible slowdown in gold and silver prices during the week while investors await crucial US economic data. Market activity is expected to be light due to the upcoming Christmas and New Year holidays, with key indicators like GDP, housing data, and consumer confidence figures affecting precious metal prices.Trading volumes are likely…
NEW DELHI: Public procurement portal GeM has enabled government departments and entities to raise Rs 2,200 crore over the last about four years through the disposal of assets such as scrap, e-waste, old vehicles, machinery, and leasehold properties, an official statement said on Sunday. The government e-marketplace (GeM) operates as a digital platform through which…
“DeFi is dead.” That’s how Maple Finance CEO and co-founder Sid Powell summarizes what he sees coming for crypto over the next few years. However, this doesn’t mean the end of decentralized finance; rather, it is the end of treating DeFi as something separate from traditional markets. “In a couple of years, institutions won’t distinguish…
NEW DELHI: Congress MP P Chidambaram on Sunday launched a sharp attack on Centre’s move to replace the MGNREGA, calling the removal of Mahatma Gandhi’s name from the scheme the “second killing of Mahatma Gandhi.”Addressing a press conference in Chennai, Chidambaram said the Congress would continue to oppose the new law until the earlier employment…
India’s exports to the US bounced back in November. The rebound was largely supported by supply-chain adjustments and pre-holiday season inventory restocking, according to the Global Trade Research Initiative (GTRI).The stocks grew by by 22.61% to reach $6.98 billion, according to commerce ministry data. This recovery came despite the US imposing 50 per cent tariffs…
NEW DELHI: As another week of December begins, stock markets will also invoke hopes for investors but also caution. Foreign investors, currency movement and global macroeconomic data announcements will drive investor sentiments for the week. Notably, this week will not have the usual five days of trading as Thursday, December 25 will mark a stock…
Indian visa application centre in Chittagong; Shivraj Shingh Chouhan Visa operations at the Indian Visa Application Centre (IVAC) in Bangladesh’s Chittagong have been suspended indefinitely amid heightened tensions in the neighbouring country and a protest near the Indian High Commission in capital Dhaka earlier this week. Agriculture Minister Shivraj Singh Chouhan defended the VB-G RAM…
PM Modi performs bhoomi pujan for Rs 10,600 cr fertiliser plant in Assam NAMRUP: Prime Minister Narendra Modi on Sunday laid the foundation stone of a Rs 10,601-crore brownfield ammonia-urea plant in Dibrugarh district of Assam, and asserted that it would usher in a new chapter of industrial progress in the region.The facility – Assam…
