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core inflation headed further south points to likely excess capacity in various pockets of the economy, buttressing the case for an immediate cut in policy rates, although geopolitics could have a disproportionate say on the cost of debt globally, said Jahangir Aziz, head, emerging markets economics at JP Morgan Chase. India's June core consumer inflation, which strips out the impact of transitory fuel and food prices, was at 3.14% — the lowest since the inception of the gauge in 2012. Core inflation has been declining since the beginning of the year. «In any economy, when you have sustained declines in core inflation, it not only means that the country has excess capacity, but also that the excess capacity is widening and not narrowing,» Aziz told ET. «So, if you have a country in which the excess capacity is widening, then your interest rates are far too restrictive and, therefore, interest rate needs to be recalibrated lower.»

office leasing across the top seven cities reaching 15.9 million square feet in the first quarter. This represents a 15% year-on-year (YoY) increase, driven by strong demand for Grade A office spaces. Bengaluru and Delhi-NCR led the leasing activity, collectively accounting for nearly 50% of total transactions and absorbing two-thirds of new supply introduced during the quarter. Among other key markets, Chennai witnessed a significant 93% surge in leasing, doubling its Q1 2024 absorption levels. The city’s strong performance was primarily fueled by major technology firms signing large deals. Some of the major leasing deals during the quarter includes Applied Materials leasing 835,000 sq ft in ITPL, Whitefield (Bengaluru), Tata Consultancy Services taking up 690,000 sq ft in Ozone Tech Park, OMR (Chennai), JP Morgan Chase & Co. leasing 559,700 sq ft in Embassy Tech Village, ORR (Bengaluru), Walmart securing 465,400 sq ft in CapitaLand, Radial Road (Chennai), Intuit leasing 456,700 sq ft in Embassy Tech Village, ORR (Bengaluru)

Subscribe to enjoy similar stories. About 20 years ago, the five-day week was not common in India. Some people in an office in Mumbai approached their boss to demand it.

United States President Donald Trump is pushing for American banks to have an increased presence in Canada, a day before his proposed tariffs begin to impact Canadian goods.

Stock markets were broadly rising higher Wednesday amid certainty over Donald Trump’s victory in the United States’ presidential election, though experts warned there’s no guarantee a “Trump bump” will last.

‘blue screen of death’ error, Mac and Linux hosts functioned normally. Earlier, CrowdStrike CEO Kurtz, on X, had further reassured its customers, and stakeholders that Mac and Linux hosts had not been impacted.In a post on the social media platform X, Zerodha cofounder Nikhil Kamath's sibling, Nithin wrote, “Almost the entire employee base, including non-technical folks, uses Linux laptops.

Here's how analysts the market pulse:

According to a report by Sky News, ministers are going to pitch to global investment giants to draw foreign capital to the UK. They aim to surpass the £29.5bn unveiled in new projects and capital at a similar conference last year, which was attended by Blackstone, Goldman Sachs and JP Morgan Chase among others. The summit is expected to take place in October, but dates are currently being finalised with invitations due to be sent shortly after. The Labour Party had previously pledged to stage such an event in the first 100 days of government. 'There is no time to waste': Rachel Ree...

Mint spoke with said the contribution of automotive firms to revenue from manufacturing or engineering, research and development (ER&D) services of IT companies is now 25-35% compared to 15-20% four years ago. (IT companies do not divulge automotive numbers separately, apart from clubbing them under manufacturing or ER&D heads.) Automotive clients comprise at least 10% of the global ER&D market, which is worth $1.8 trillion, said Kumar Rakesh, India analyst for IT and automotive sectors at financial services firm, BNP Paribas.

₹1.21 lakh crore in India’s debt market during the financial year 2023-2024, the highest yearly inflow in more than nine financial years. As per the data on National Securities Depository Ltd (NSDL), FPIs’ net investment in the country’s debt markets stood at ₹121,059 crore for FY24. This was the highest FPI inflow in the debt market since FY 2014-15, when they infused ₹130,302 crore.

Anurag Sud, head of Apax India, and the India investment team, to provide mentorship, strategic advice on operational input, and in assessing new investment opportunities, the firm added. Sud will continue to lead and manage day-to-day operations in India, with support from London-based partner Rohan Haldea, it said.

Galaxy Asset Management’s global head Steve Kurz expects top wirehouses to increase their involvement in spot Bitcoin (BTC) ETFs within the next year.

put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario. The investment has slowed down compared to Rs 66,134 crore attracted in the entire December. Before that, FPIs invested Rs 9,000 crore in November.

₹1 crore annually. The institute said, as per PTI, some of the top recruiters who have visited the campus this season are Accenture, Airbus, Air India, Apple, Arthur D.

Prime Minister Rishi Sunak (pictured) said it was 'huge vote of confidence in the future of the UK economy' and that the government was making Britain the 'best place in the world to invest and do business'.

A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled

MUMBAI : Second quarter gross domestic product (GDP) numbers, “in all probability", will surprise on the upside, Reserve Bank of India governor Shaktikanta Das on Tuesday said. The RBI’s monetary policy committee (MPC) has pegged Q2 GDP growth at 6.5%. GDP growth in Q1 stood at 7.8%.

The fallout from the Israel-Hamas war has spilled into workplaces everywhere, with corporate leaders from the highest ranks of prominent companies weighing in with their views while workers complain their voices are not being heard

NatWest Group India has appointed Anil Puttegowda as the new Head of Strategy and Transformation for International Hubs. He will be based out of NatWest Group India’s Bengaluru office. Anil brings with him more than three decades of experience in growing technology organisations with a proven track record of transforming global capability centres by driving innovation at scale. Having previously served in senior leadership positions at J.P. Morgan Chase & Co., ANZ, and Bank of America Merrill Lynch, his experience lies in areas of asset and wealth management, global markets, trading, middle and back-office process re-engineering, sustainable investing, and portfolio management.

Sanjiv Somani had been on the top job at Nutmeg for under a year.

The proposals were issued by the US Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation on Thursday (27 July).