Country Financial News

Investing.com-- Oil prices fell in Asian trade on Monday after Saudi Arabia slashed the prices of its Asian crude exports to over two-year lows, although losses were limited as traders watched for any potential supply disruptions from the Middle East.

investors are finding themselves on the horns of a dilemma these days: Is it worth the risk to continue with winning equity bets into the fourth year of the bull run when share valuations are at a peak? Or is the risk of staying out of the bull market greater when just a few are talking about a possible reversal in the market? While the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic. This is wholly understandable. The bullish sentiment on Dalal Street at the start of 2024 is fervent.

By Luis Jaime Acosta

By Kanishka Singh and Richard Cowan

₹22.7 trillion (rural ₹14.7 trillion and urban ₹8 trillion), which is almost 7.5% of the country’s gross domestic product (GDP). Recent state elections saw women-centric schemes such as Ladli Behna ensure greater female electoral participation. This scheme is aimed at a transformational improvement in the health and nutritional status of women and the children dependent on them.

The International Economic Association (IEA) conclave of 2023, a mecca for economists from all over the globe who meet once in three years, acknowledged last year as a difficult one, given how many mainstream assessments of a global recession and inflation went wrong. A need was emphasized for new intellectual ideas and methodological applications from beyond traditional economic thought, particularly in the context of scenarios in developing nations.

REC, one of the largest state-sponsored infrastructure financiers, will launch an offering of Yen bonds this week to raise at least Rs 2,500 crore, according to people aware of the matter. It has filed offering details with stock exchanges in Tokyo, London, Singapore and New York. REC has opted for a Regulation S offering which will make it compliant with US laws without the need for the company to register with the stock market regulator there.

Ram Mandir in Ayodhya on January 22 will not only be telecast across India at booth level but also be live-stream at the iconic Times Square in New York City in the United States, India Today reported Sunday citing sources. The report said the much-awaited 'Pran-Pratishtha' ceremony of Ram Lalla will also be live-streamed at various Indian embassies, and consulates overseas. Prime Minister Narendra Modi will address all the devotees of Bhagwan Ram in the country and abroad.

New Delhi: The government will soon come out with policy guidelines mandating the use of urban solid waste in all highway projects across the country. The plan aims to reduce the use of soil from agricultural land for building embankments for highways, as well as provide a viable outlet for millions of tonnes of solid waste from landfills.

To this effect, the state of Gujarat’s success story is one of the most dynamic ones to have taken place in 21st-century India. Gujarat accounts for 8.3 percent of India’s GDP, 18 percent of industrial output, and 33 percent of exports, its Gross State Domestic Product (GSDP) has grown from Rs 1.42 lakh crore to Rs 22.61 lakh crore in the last two decades and the future outlook for the state continues to look incredibly positive across sectors.

India and Nepal have decided to strengthen the power transmission systems between the two countries and help each other to progress in the energy sector, according to a statement issued by the Indian Embassy in Nepal. The statement came two days after the Nepal-India Joint Steering Committee (JSC) on Power Sector Cooperation meeting concluded in Chitwan district of central Nepal on Friday and was followed by the signing of the agreement on Long Term Power Trade between the two nations.

China and the Maldives will sign several agreements to further bolster their bilateral ties following talks between President Xi Jinping and his Maldivian counterpart Mohamed Muizzu here this week, according to a senior official here. President Xi will host a welcome ceremony and a welcome banquet for President Muizzu during his state visit from January 8-12, the first by the Maldivian leader to a foreign country since he assumed office in November, Chinese foreign ministry spokesperson Wang Wenbin said. The two heads of state will hold talks and attend the signing ceremony of cooperation documents. Premier Li Qiang and Chairman of the Standing Committee of the National People's Congress Zhao Leji will meet with President Muizzu respectively, Wang told reporters here on Friday.

Reliance Industries' Mukesh Ambani on Sunday said Tamil Nadu has become one of the most business-friendly states in the country and he believed it would indeed become a trillion-dollar economy in line with the state government's goal of reaching this milestone by 2030. «Reliance is committed to making new investments in Tamil Nadu in renewable energy and green hydrogen,» he said in a virtual address at the inaugural session of the state's two-day Global Investors Meet (GIM) in Chennai. «We shall work closely with the state government to promote sustainable development which is necessary to save Mother Earth from the climate crisis.»

CHENNAI : Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market. Reliance had in July last year invested about ₹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners.

By Ari Rabinovitch, Simon Lewis and Nidal al-Mughrabi

A stunning post from VisualCapitalist showed a poll of 8550 investors and 2700 advisors and the gap between the two of future portfolio return expectations. The poll was global; however, I will focus on this post’s domestic portfolio return expectations.

government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore. In the October-December quarter, 4,153 bogus firms that involved suspected ITC evasion of around Rs 12,036 crore were detected. As many as 2,358 of these bogus firms were detected by the Central GST Authorities.

Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday during the state's Investor Summit. Apple is counting on India as the next big driver of its growth as the tech giant looks to diversify some production away from China, with Pegatron working towards a second factory in the country where Tata Group last year began to assemble iPhones.

U-girder, has been successfully cast for the first time in India for Bengaluru Suburban Rail Project on Saturday night at Casting Yard, Devanahalli. It is an important milestone in construction of Bengaluru suburban Rail Project, the BSRP said in a statement.

development under the union government is to ensure that it reaches the farthest and the most vulnerable sections of the population, Union Minister for Housing and Urban Affairs Hardeep Singh Puri said on Sunday. Addressing a press conference as part of the ongoing Viksit Bharat Sankalp Yatra (VBSY), Puri said that citizens benefit directly from it. He added that various schemes are formulated and are being implemented, giving priority to women.

NEW DELHI : Talks between India and Israel on a free trade agreement have hit the skids due to hurdles posed by the ongoing conflict in West Asia, according to two people aware of the matter. The conflict, which began after the militant group Hamas launched a terror attack on Israel on 7 October, has consumed much of the focus of India-Israel ties, one of them said. "It (the conflict) has become a major obstacle to the regular pace of talks (on free trade agreement) between the negotiating teams," this person added.