Economy Archives - Page 223 of 364

Economy

January 31, 2025 12:11 PM

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections. "We are going to requir...

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chairs the sixth Pre-Budget Consultation with experts and representatives from the health and education sector for the forthcoming Union Budget 2025-26, in New Delhi on Monday. ANI Photo

January 31, 2025 9:36 AM

Budget Session 2025-26 begins today; Finance Minister Sitharaman to present Economic Survey at noon

The Budget session of Parliament kicks off today, beginning with President Droupadi Murmu's address to the joint sitting of both Houses at 11 am. After the address, Union Finance Minister Nirmala Sitharaman will present the Economic Survey at noon i...

January 30, 2025 6:07 PM

Nitin Gadkari to discuss with oil companies to make ethanol rates reasonable

Union Minister for Road Transport and Highways, Nitin Gadkari, on Thursday said that he will hold a meeting with oil marketing companies (OMCs) after the Delhi elections to discuss bringing ethanol retail prices to a reasonable level. "On February 6...

January 30, 2025 4:38 PM

Sensex, Nifty extend gains ahead of Union Budget

India's benchmark indices continued their upward momentum on Thursday, marking the third consecutive session of gains ahead of the Union Budget 2025-26. Both the Sensex and Nifty ended in positive territory, buoyed by investor optimism. At the close...

January 30, 2025 1:17 PM

RBI: Year-on-Year UPI expansion propels India’s digital ecosystem

Digital payments across India recorded a double-digit increase of 11.1 per cent year-on-year (YoY) as of September 2024, according to the Reserve Bank of India’s (RBI) index that measures the adoption of online transactions, as stated in a central ...

January 30, 2025 11:09 AM

SoftBank in talks to invest up to $25 billion into OpenAI, says source

SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector. SoftBank could invest $15 billion to $25 billion directly int...

January 30, 2025 11:15 AM

US Fed leaves rates unchanged, sees no hurry to cut again

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate. The decision and Powell's comments put Fed pol...

January 30, 2025 10:06 AM

Indian stock market opens flat as US Fed pauses rate cut cycle

Indian benchmark indices opened flat on Thursday as the US Federal Reserve meeting voted unanimously to pause the rate cut cycle, which started last September and has delivered 100 bps of cut to date. The Sensex was marginally up 49 points or 0.065 ...

January 29, 2025 4:42 PM

RBI may take growth-oriented measures in February policy review: Jefferies

The Reserve Bank of India's (RBI) upcoming monetary policy committee meeting in February could focus on supporting economic growth, according to brokerage firm Jefferies. Jefferies said that the central bank’s policies might take a growth-supporti...

January 29, 2025 4:39 PM

Indian markets close higher for second straight session

The Indian stock market maintained its upward trajectory for the second consecutive session on Wednesday, with both the Sensex and Nifty closing higher. The Sensex rose by 631.55 points, or 0.83 per cent, to settle at 76,532.96 after reaching an int...

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