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A divided U.S. Federal Reserve lowered interest rates on Wednesday (December 10, 2025) for a third consecutive time this year, but signaled that it could hold off further reductions in the coming months. Fed Chair Jerome Powell said the central bank is “well positioned to wait and see how the economy evolves from here.” The…
Read More “Divided U.S. Fed makes third straight rate cut, signals higher bar ahead” »
India’s latest GDP figures position the Indian economy to be producing at a significantly higher level than last year, emphasised by the ₹48.63 lakh crore output projected to be realised in a single quarter. The general state of the economy An 8.2% increase of GDP indicates that this rise is part of a genuine momentum…
Image for representational purposes only. | Photo Credit: redmal Efforts must be made to reduce the average time it takes to accord forest and environmental clearances to coal blocks, the parliament’s standing committee on coal, mines and steel stated in their latest report tabled Wednesday. Additionally, it noted that private sector entities required more time…
This image is used for representational purpose only. | Photo Credit: Reuters The ₹25,000 crore rights issue of Adani Enterprises Limited (AEL) closed on Wednesday (December 10, 2025) with 108% oversubscription. As of 5 p.m. on the closing day, the offer had received bids for 14.95 crore shares against 13.85 crore shares on offer. Promoters with 74%…
Read More “Adani Enterprises’ ₹25,000 crore Rights Issue oversubscribed” »
On December 9, the rupee settled up 18 paise at 89.87 against the U.S. dollar. | Photo Credit: Reuters The rupee depreciated 9 paise to close at 89.96 (provisional) against the U.S. dollar on Wednesday (December 10), tracking a negative trend in domestic equities and sustained foreign fund outflows. Forex traders said investors are in…
Read More “Rupee falls 9 paise to close at 89.96 against U.S. dollar” »
Commerce and Industry Minister Piyush Goyal. File | Photo Credit: PTI Commerce and Industry Minister Piyush Goyal on Wednesday (December 10, 2025) said negotiations for Free Trade Agreements (FTAs) with Oman and New Zealand are in their last phase, and both are expected to be concluded soon. He also indicated that negotiations for a trade…
Read More “Free Trade Agreement talks with Oman, New Zealand at last leg: Piyush Goyal” »
Benchmark stock indices Sensex and Nifty declined for the third straight day on Wednesday (December 10) to close at a nearly month’s low, dragged by a last-hour selloff in consumer durables, private banks and IT shares. In a volatile session, the 30-share BSE Sensex dropped by 275.01 points, or 0.32%, to settle at 84,391.27, a…
Read More “Sensex, Nifty extend losses for third day as fag-end selloff erases gains” »
The various Production-Linked Incentive (PLI) schemes active in India have resulted in actual investment of over ₹1.88 lakh crore as of June 2025, the ministry said. File | Photo Credit: Reuters The various Production-Linked Incentive (PLI) schemes active in the country have resulted in actual investment of over ₹1.88 lakh crore as of June 2025…
The various Production-Linked Incentive (PLI) schemes active in the country have resulted in actual investment of over ₹1.88 lakh crore as of June 2025 across 14 sectors, the Ministry of Commerce and Industry announced on Wednesday (December 10, 2025). In its year-end review, the Department for Promotion of Industry and Internal Trade (DPIIT) said that…
Read More “Actual investment under PLI schemes cross ₹1.8 lakh crore, yield 12.3 lakh jobs: Govt” »
The various Production-Linked Incentive (PLI) schemes active in India have resulted in actual investment of over ₹1.88 lakh crore as of June 2025, the ministry said. File | Photo Credit: Reuters The various Production-Linked Incentive (PLI) schemes active in the country have resulted in actual investment of over ₹1.88 lakh crore as of June 2025…