US economy expands by robust 4.9% in Sept qtr

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Key Points

The US economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace..

The Commerce Department said the economy expanded last quarter at the fastest pace in more than two years and more than twice the 2.1% annual rate of the previous quarter..

Optiemus Infracom Ltd and Corning International Corporation will manufacture 30 million pieces of high-quality finished cover glass parts for smartphones and employ over 500 people in India..

The funds raised would be utilised towards expansion of Olas EV business and setting up Indias first lithium-ion cell manufacturing facility at Krishnagiri, Tamil Nadu, it said..

Public sector lender Punjab National Bank (PNB) on Thursday reported over four-fold jump in its net profit to Rs 1,756.13 crore in the September quarter..

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