Scott Bessent on Tariffs, the Fed and the Economy
The U.S. treasury secretary spoke with Andrew Ross Sorkin at the DealBook Summit on Wednesday. Source link
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Power as ‘currency’: Experts say data centre growth lifts demand; India poised for global leadership
India’s expanding data centre and artificial intelligence ecosystem could position the country as a global leader in power trade, with experts pointing to surplus electricity capacity and rapid reforms in the power distribution sector, according to speakers at a national conference on energy and technology.Speaking at the National Conference on AI and Machine Learning based…
Angst Turns to Anger in Hollywood as Netflix Hooks Warner Bros.
Much of the entertainment capital fears that Netflix’s deal will lead to more job losses and theater closings and fewer boundary-pushing movies. Source link
‘Next big clean-up’: FM Sitharaman flags customs simplification; hints at duty rationalisation in Budget
Ahead of Budget 2026, Finance Minister Nirmala Sitharaman on Saturday said simplifying India’s customs framework will be the government’s next major reform focus, signalling a comprehensive clean-up aimed at making compliance easier and more transparent.Speaking at the HT Leadership Summit, Sitharaman said customs reforms would follow the rationalisation efforts already undertaken in income tax and…
What to Know About Netflix’s $83 Billion Deal for Warner Bros. Discovery
The cash-and-stock deal would give the world’s largest paid streaming service expansive power over theater owners and entertainment-industry unions. Source link
Smartworld Developers enters Noida, to invest Rs 2K cr on 1st realty project
Realty firm Smartworld Developers will invest around Rs 2,000 crore to build its first project in Noida, as part of the company’s plan to expand beyond the Gurugram property market. Smartworld Developers has announced its entry into Noida, which is an important micro-market in the Delhi-NCR. The company has acquired a 6-acre land parcel in…
India-US trade: Next round of talks to start from December 10; ‘not a formal’ discussion, sources say
Trade negotiations between India and the United States are set to move forward as the two nations will be holding three days of talks in New Delhi, sources told PTI. The talks are scheduled from December 10 to 12 as both countries aim to finalise the opening tranche of the pact. “The three-day talks will…
RBI clarifies IMF’s remarks on its data
MUMBAI: RBI deputy governor Poonam Gupta has responded to recent IMF comments questioning the quality of India’s growth data and classifying the rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more procedural than substantive. “The point that they’re…
‘Exceptional’: SBI hails RBI’s repo rate cut; report says Central bank played its part, now markets should remain disciplined
The Reserve Bank of India (RBI) slashed the repo rate by a quarter point to 5.25% on Friday, at a time when the economy is growing strongly and inflation remains exceptionally low. SBI, in its latest report hailed the decision hailed as “exceptional” and said that the central bank had played its role in ensuring…
Want to invest in SpaceX? Elon Musk owned rocket-maker hints at 2026 IPO; chasing a massive $800 billion valuation
SpaceX might soon reach a $800 billion valuation as the rocket maker has began a new secondary share sale, according to sources cited by the Wall Street Journal. In case it manages to reach the figure, SpaceX will rush ahead of OpenAI to become the most valuable private company in the US. The new valuation…