Country Financial News

A look at the day ahead in European and global markets from Brigid Riley

«Does the US have the ability to actually service all of this debt and will that additional 25 or 50 bps rate hike by the Fed tip the scale towards a full-blown recession? I do not think so as yet,» says Gautam Trivedi, Nepean Capital.It has been a good year if you bought stocks in April, May, June or even July so the summer rally of 2023 do you think it will extend in itself for the remaining part of the year? I think it will. And let us understand one very basic thing, which I think sometimes people, when I meet them socially, they think India is the only country in the world that seems to be having a stock market rally. And all the money in the world seems to be only coming here because if you read the financial newspapers or media channels, you almost get the feeling that we are alone in the world.

laptops, tablets, and personal computers. According to the notice, from 1 November 2023, the import of these restricted items would now require a valid license. The new law implies that laptop and computer giants like Apple, Dell, Lenovo etc., cannot simply manufacture their products elsewhere and sell them in India.

reality in Germany. Far from falling into an abyss, Europe’s largest economy suffered only the mildest of technical recessions. Some have put this down to luck, notably a mild winter in much of Europe reducing the demand for heating.

Asset Management Company (MOAMC) reveals that passive funds have taken center stage in India over the last few years, gaining market share from 1.4% of AUM in 2015 to over 17% today. The survey conducted with more than 2,000 investors participating from across the country, shares insights on the usage and attitude of investors towards passive funds in India. The study also throws light on investors’ preference for SIPs over lumpsum investing, an affinity for index funds, and reliance on social media over news outlets in their investment decision-making.

GST on online games during the 50th Council meeting held in July. However, according to Zerodha co-founder Nikhil Kamath, the gaming industry is going to be the 'next big thing' for India. Backing his viewpoint about the online gaming industry, Kamath said wrote on X platform (formerly known as Twitter) that the gaming industry is doubled ($159.3 billion) the size of movie and music industries ($41.7 billion + 19.1 billion) combined.

Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once beloved by Western companies are firmly out of fashion.

leadership of Gandhi Ji, this Movement played a major role in freeing India from colonial rule," he said in a tweet on X. He added, "Today, India is saying in one voice: Corruption Quit India.

Independent analyst Anand Tandon says “the best way of doing it is through the financial markets, housing finance and banks themselves are actually a good way to play. Real estate remains quite difficult to handle because it depends on where you are going to be positioned.”What is your take regarding the consumer durables basket because numbers were not impressive from the AC makers like Blue Star or Voltas? But on the other hand, real estate demand continues to perk up. Would you rather play through the other names, the cables and wires, the other building material names like PolyCab, Havells, etc.?If you are looking to play the housing theme, the best way of doing it is through the financial markets, housing finance and banks themselves are actually a good way to play.

PLA) and government have made clear. Although Chairman Xi Jinping has not given any explanation, the replacement of the top two generals of the PLA Rocket Force (PLARF) and the disappearance of Foreign Minister Qin Gang follow a well-worn pattern of corruption charges in China. Qin's last public appearance was on 25 June, and Xi officially removed him from office by a decree signed on 25 July.

₹233.05 against the previous close of ₹230.25 and traded with a gain of 1.26 per cent at ₹233.15 on BSE around 9:20 am. Shares of Coal India have underperformed the equity benchmark Sensex in the last one year. The stock is up about 7 per cent while the Sensex has gained about 12 per cent in the last one year period.

fundamental rights of tribal communities worldwide. The origins of observing this day stem from a worldwide movement aimed at acknowledging the rights and valuable contributions of indigenous peoples. Despite constituting around 6% of the global population, indigenous communities are frequently marginalized, even though they possess rich cultural diversity.

Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago. Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies.

The Kerala assembly, in a unanimous decision, has adopted a resolution urging the BJP-led Central government to refrain from implementing the Uniform Civil Code (UCC) across the nation. The resolution was introduced by Kerala Chief Minister Pinarayi Vijayan, who labeled the proposed UCC as a "unilateral and hasty" step taken by the Central government. Vijayan asserted that the version of the UCC envisioned by the Sangh Parivar did not align with the principles of the Constitution.

India's retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India's 2%-6% tolerance band for the first time in five months, a Reuters poll of economists found. Food prices, which account for nearly half of the inflation basket, have soared in the last two months largely due to an erratic monsoon throughout the country, pushing tomato prices at wholesale markets up more than 1,400% in the past three months. That will hit the vast majority of India's population who make up the poor and middle classes.

Meta Platforms' decision to block news on its platforms in the country, accusing the Facebook parent of abusing its dominant position. Meta started blocking news on its Facebook and Instagram platforms for all users in Canada last week in response to a law requiring internet giants to pay for news articles.

BANGKOK (Reuters) — Thailand's economy continues to recover, helped by tourism and consumption, though the growth forecast may need to be revised down with exports weak this year, the central bank chief said on Wednesday.

Savings Account, Current Accounts,s and Credit Card relationships; getting all service-related resolutions; financial transactions; and end-to-end relationship management, drawing in a dedicated cohort of Lakhs of active users. Bolstered by an unwavering commitment to excellence, AU Small Finance Bank continuously augments and enriches its offerings, extending a multitude of benefits to its esteemed clientele.

Iraq's official media regulator has directed all media and social media companies operating not to use the term “homosexuality". The Arab stated told to replace the word ‘homosexuality’ with ‘sexual deviance’, Reuters' report mentioned. The Iraqi Communications and Media Commission (CMC) said that the use of the term "gender" was also banned.

Congress Committe In-Charge for Assam and the party's Working Committe member, Jitendra Singh Alwar, on Tuesday talked up his party's prospects in the next year's Lok Sabha elections, saying it has already chalked out a roadmap for the crucial and high-stakes electoral battle. Hitting out at former party colleague Himanta Biswa Sarma, he called him the most corrupt CM in the country. The Congress on Tuesday held a strategy meeting of party leaders from Assam to firm up its strategy going into the next general elections.

Vaibhav Taneja, American electric vehicle maker Tesla's new chief financial officer, is the latest India-born executive to take up a key leadership role at a marquee global corporation. On Monday, Tesla named Taneja, an alumnus of Delhi University, after Zachery Kirkhorn, who was famously described as 'Master of Coin' by founder Elon Musk, stepped down following a 13-year stint at the company. The 45-year-old's appointment comes at a time when Tesla is reviving its plans to enter India, where Musk in June said the company was looking to invest «as soon as humanly possible». Taneja joined Tesla in 2017 as an assistant corporate controller, and was promoted to its corporate controller and, in March 2019, to chief accounting officer. He will continue to be the company's chief accounting officer, along with holding the new role of the CFO.