News that keep you updated
US stocks were largely steady in light trading on the final day of 2025, as investors wrapped up a year marked by strong gains driven by optimism around artificial intelligence, alongside lingering concerns over inflation and valuations, AP reported.Early in Wednesday’s session, the S&P 500 was flat, while the Dow Jones Industrial Average slipped 47…
The Centre on Wednesday approved a relief package for Vodafone Idea, freezing its outstanding adjusted gross revenue (AGR) dues and allowing a five-year moratorium on payments, a move seen as critical to stabilising the debt-laden telecom operator, PTI reported citing sources.The relief measures cleared by the Union Cabinet are aimed at protecting government interests —…
India is projected to record high economic growth despite a volatile and unfavourable external environment, supported by strong domestic consumption and investment, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday, PTI reported.“Maintaining financial stability and strengthening the financial system remains our north star,” Malhotra said in the foreword to the latest Financial Stability…
The Centre’s fiscal deficit stood at Rs 9.76 lakh crore at the end of November, accounting for 62.3% of the full-year budget estimate for 2025-26, government data released on Wednesday showed, PTI reported.The deficit was higher than the 52.5% recorded during the same period last year, reflecting a faster pace of expenditure relative to revenue…
Apart from the draft rules, the government has also published a list of FAQs on what the new labour codes mean, definition of wages, gratuity calculation etc. (AI image) New Labour Codes: The Ministry of Labour has pre-published draft rules under new labour codes on Wednesday. These draft rules are open for public consultation, and…
Russia on Wednesday said that its forces are advancing in northeastern Ukraine, with President Vladimir Putin ordering the expansion of a territory that Moscow describes as a “buffer zone” along the border in 2026, according to Russian state news agencies.Chief of the General Staff Valery Gerasimov said Putin had directed the expansion of the buffer…
MUMBAI: Fino Payments Bank, promoted by Fino PayTech, received in-principle approval from the Reserve Bank of India (RBI) in early December 2025 to transition into a small finance bank, enabling lending operations after restructuring. Fino PayTech’s major shareholders are Bharat Petroleum, ICICI Bank group, Blackstone and Intel Capital. In an interview with TOI, Rishi Gupta,…
AI image means for representation purposes only As 2025 comes to a close, India’s tax framework stands notably altered, shaped by a year-long sequence of reforms that extended well beyond routine income tax changes and into investments, compliance and digital assets.What unfolded over the year was not a single reform but a nuanced reset touching…
Gold prices edged lower on Wednesday, December 31, with MCX gold futures slipping sharply after recent volatility. MCX gold fell by Rs 1,140, or 0.8 per cent, from its previous close of Rs 1,36,666 to touch an intraday low of Rs 1,35,526. The decline came after a strong rally earlier in the week that was…
The Union cabinet on Wednesday approved highway projects worth Rs 20,668 crore, including a six-lane greenfield Nashik–Solapur (Akkalkot) corridor in Maharashtra and the widening and strengthening of NH-326 in Odisha.The largest approval is for the 374-km Nashik–Solapur (Akkalkot) corridor, cleared at a cost of Rs 19,142 crore. The project involves construction of a six-lane access-controlled…
