European Central Bank President Christine Lagarde said Thursday the central bank has completed its technical and preparatory work on the digital euro and that it is now up to political institutions to act. The project, which aims to create a public digital means of payment, is under review by the European Council and the European…
US inflation cooled more than expected in November, but economists cautioned that the data may have been distorted by the recent federal government shutdown, while most Americans said they were yet to feel any real relief from high prices for essentials, AP reported.The US Labor Department said on Thursday that the consumer price index (CPI)…
India and Oman on Thursday signed a Comprehensive Economic Partnership Agreement (CEPA) that will give duty-free access to over 98% of India’s exports to Oman.India agreed to cut tariffs on select Omani products such as dates, marbles and petrochemicals. The agreement is expected to come into force from the first quarter of the next calendar…
The Commission for Air Quality Management has directed civic bodies and state agencies across the National Capital Region to urgently strengthen municipal solid waste management, flagging persistent open burning of waste, delays in clearing legacy dumps and gaps in enforcement.The directions came after a detailed review of waste management systems in Delhi and NCR states,…
In 2025, Wall Street recorded new highs.Investors did not pay attention to the worries about Trump administration’s massive tariffs and the AI bubble concerns. The S&P 500 benchmark skyrocketed 15% so far this year, till December 17. S&P 500, another benchmark however, lagged behind its 23% jump last year. The S&P 500 has done well…
The TOI correspondent from Washington: In an animated prime time address from the Diplomatic Room in the White House on Wednesday night that was anything but diplomatic, President Donald Trump doubled down on a protectionist agenda that is sending ripples through the global financial system, emphasizing the benefits of broad tariffs and steep reductions in…
The Comptroller and Auditor General (CAG) on Thursday said that the Central Board of Indirect Taxes and Customs (CBIC) faces a sizeable staffing shortage in its audit formations, with 38 percent of positions vacant as of July 1, 2024, leading to gaps between planned and completed audits.The CAG’s report on the Department of Revenue for…
MUMBAI: US-based private equity (PE) firm L Catterton has picked up a minority stake in Haldiram Snacks Food amid a rush among investors to take a bite of India’s growing consumer market. The latest investment in Haldiram’s, known for its wide range of namkeen (snacks), sweets and ready to eat products comes less than a…
ICP$2.8752 rose about 2.2% over the past 24 hours to trade around $3.01, reclaiming the $3 level after several sessions of consolidation just below that threshold. The move marks a continuation of the token’s recent recovery, with price action showing a steady series of higher lows, according to CoinDesk Research’s technical analysis data model. The…
The New Delhi Municipal Council (NDMC) will launch a major beautification drive, planting over 2.6 lakh tulip bulbs across Lutyens Delhi starting December 27. NDMC Vice Chairperson Kuljeet Singh Chahal announced the initiative on Thursday, saying it aims to enhance the city’s aesthetics and combat pollution. Giving the details, Chahal said 5.17 lakh imported Dutch…
