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The Times of India - Business

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Website title: News: India News, Latest Bollywood News, Sports News, Business & Political News, National & International News | Times of India

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Fog disrupts flights: Dense fog hits Delhi airport operations; 177 cancelled, 500+ delayed

Dense fog grounded operations at Delhi's Indira Gandhi International Airport on Friday, leading to at least 177 flight cancellations and over 500 delays. Airlines are offering full refunds and free rescheduling, with airport authorities ensuring passenger support amidst ongoing CAT III operations.

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Trade ties: India, Netherlands set up joint trade and investment committee; institutional framework takes shape

India and the Netherlands have launched a Joint Trade and Investment Committee (JTIC) to boost economic ties and resolve trade barriers. An MoU establishes this formal mechanism for annual meetings, co-chaired by senior officials, to review relations, promote investment, and explore mutual cooperation.

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US monetary policy: Fed’s official sees no urgency for further rate cuts, flags distorted inflation data

A top US Federal Reserve official indicated no immediate need for further interest rate cuts. New York Fed President John Williams believes recent inflation data might be skewed. He suggested December's inflation figures could offer a clearer picture.

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US housing market: Home sales tick up in November; annual volumes slip as prices stay elevated

US existing home sales saw a slight monthly increase in November, reaching a seasonally adjusted annual rate of 4.13 million units. Despite this, the national median sales price continued its upward trend, rising 1.2% year-on-year to $409,200.

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US markets today: Wall Street ticks up as AI shares stabilise; investors assess global cues

Wall Street opened higher, boosted by AI-linked stocks and a positive outlook following the Bank of Japan's anticipated interest rate hike. Major indices saw gains, with Nvidia leading the tech sector. Winnebago Industries surged on strong earnings, while Nike experienced a significant drop due to tariff concerns.

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