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«The daily data that we are tracking is showing that vegetable prices is probably going to be as much if not higher than what we have observed in June. The other aspect is also that telecom tariffs were increased by around 20% or so in end of June and so the impact of that is likely to be visible in the July print,» says Aurodeep Nandi, India Economist, Nomura. The inflation reading though on a bit on expected lines came in above the 5% mark. Thanks to perhaps what is happening in the veggies side because of erratic monsoon. But do you expect it to remain sticky for some time? It appears even RBI is readying the street that inflation is sticky, rates could remain higher for longer. Aurodeep Nandi: Well, there are three things really to watch out for as far as July is concerned. One is that we have this massive-massive favourable base effect that kicks in. So, last year, June was 4.9%, that spiked to 7.4% in July. So, simultaneously, the July number coming up will be impacted by a favourable base. But that is going to mask a lot of the upside pressures that are there. One, as you mentioned, vegetable prices. These are typically the months when vegetable prices go up quite a lot.

China’s extraordinary growth over three decades was fuelled by exports and domestic capital spending. At the peak, it enjoyed an 8% net export surplus consistently, which led to an accumulation of massive foreign exchange. On the other hand, its very high domestic savings rate was deployed to build infrastructure and expand industry.

ChatGPT in November 2022, doomsayers have argued that Generative AI will ring a death knell for the industry as it makes much of the work redundant. Krithivasan dismissed these fears. "As Roy Amara mentioned, we tend to overestimate the effect of a technology in the short run and underestimate the impact in the long run.

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Also read: Understanding the emotional quotient of a home The process of deciding what sort of space I want is always an interesting exercise in mining my past. I’ve been cycling through all the spaces I’ve ever worked in, going as far back as the first office environment I ever experienced, which was my father’s when I was, maybe, 10 years old. He was part of the oil and gas industry in the Gulf region during its heydays, from the 1970s till he sold his businesses in 2015.

Kotak MF first to lift curbs on investing in small-cap fund following elections, earnings growth Jain was chief investment officer at HDFC AMC from 2004 to 2022. He managed the HDFC Balanced Advantage Fund (earlier known as HDFC Prudence Fund), a hybrid equity fund, for 28 years (1994 to 2022).

Keir Starmer on Friday has paved the way for a fresh chapter in the country's relations with India as the Labour Party takes charge of steering the stalled Free Trade Agreement negotiations that got stalled with the outgoing Rishi Sunak-led administration. If recent high-profile visits by the shadow cabinet members, stepping up as Cabinet members, are anything to go by, the choreography around India being a priority country is likely to see at least some degree of continuity. However, despite a manifesto commitment to build a «new strategic partnership» and the then shadow foreign secretary and now the Foreign Secretary in Starmer's government, David Lammy promising to be on a flight to India before the end of July if elected, how much of a priority India will be among the various domestic pressures facing a cost-of-living crisis hit Britain remains an unknown factor. The India-UK FTA talks began in January 2022 but were stalled in the 14th round as both countries stepped into their general election cycles this year. India saw the new government in the first week and on Friday, it was the UK's.

TURIN, Italy—Over more than 120 years of history, the Tour de France had seen stage winners emerge from 33 different countries. The list included historic cycling powerhouses like France and Belgium, more recent talent hubs such as Denmark and Slovenia, and even a couple that came completely out of nowhere, like Latvia. But the roll call of winners at cycling’s biggest bike race expanded a little Monday when a 24-year-old named Biniam Girmay crossed the line first to become the first Eritrean to take a stage here.

small business borrowers. This is an increase from 50% at the end of FY23. In September 2019, the regulator had directed banks to link interest rates on retail loans and loans to some small businesses to the repo rate and the treasury bill yields.

BitMEX co-founder Arthur Hayes has hailed Bitcoin as a superior safe-haven asset in the current economic landscape.

ASM Technologies during the June quarter. Agrawal didn't have any holding in the company in the preceding March quarter. According to the latest shareholding pattern available with the exchanges, ASM Tech is majority owned by promoters with 47.36% stake while the public shareholders have about 42.64%. Among the public shareholders, mutual funds and foreign portfolio investors have no significant holding in the company.

«I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us,» says Alok Agarwal, Alchemy Capital. What is your take on the commentary from Rajiv about the category breaker this particular CNG bike could become? It is the first of its kind, and clearly, you have to give full marks for that. The stock is higher by 2%. But what does it do to this category, this value category? The 85,000-95,000 per unit value category was ignored by everybody, as all the players were focusing on premiumization. Can it revitalize that space and get volumes back? Alok Agarwal: We have been seeing a K-shaped recovery all through, especially after COVID, and that was reflected in automobiles and two-wheelers as well. But at the same time, one of the most efficient companies is coming forward with CNG bikes. I think it is a welcome step, a welcome move. It is a calculated move as well. They have also showcased how they have changed things in the past. So, I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us.

earnings versus a 20-year average of 20.4x (at the 88th percentile). So, what has been driving the markets and more importantly, what’s next? The superior returns were triggered by a stable macroeconomic profile, improving corporate profitability as well as strong liquidity. On the macro side, fiscal consolidation, a focus on capital spends and moderating inflation have boded well for India. The recent GDP growth print of 8.2% was also a positive surprise for market participants. From a corporate profitability point of view, from FY18’s low of 1.3%, India’s corporate profits as % of GDP have dramatically improved to 5.5% in FY23. Liquidity has been strong too, providing a cushion to the markets. In 2023, FIIs bought $21.4 billion, while domestic institutions bought $22.3 billion. The vast improvement seen in systematic investments into mutual funds is particularly heartening. SIPs —which stood at Rs 8,500 crore in FY20 — amounted to Rs 20,900 crore in May of 2024. Even as these numbers explain what has happened in recent years, the question still remains: what now? And what next?

When the Bank of Canada made its first interest rate cut last month there were three risks economists cited that could stall the cycle — the Canadian dollar, the housing market and wage growth.

Neuberger Berman Group's Steve Eisman expects the outsized strength in US megacap technology shares will «last for years,» as artificial intelligence becomes more accessible to consumers via electronic devices. People will want new AI apps on cellphones and personal computers, spurring the «biggest refresh cycle in history» as they purchase upgraded gadgets, he told Bloomberg Television in an interview on Thursday.

Bitcoin, the world’s most prominent cryptocurrency, has shown significant resilience amid recent market fluctuations. After falling to its lowest level in over four months, Bitcoin price rebounded sharply, climbing to a high of $56,856.61, a 6% increase from its previous low of $53,717.34.

«I think inflation was one of the concerns. The other thing to a large extent was the candidate selection which was what coming in various constituencies that the candidate selection, people were unhappy because they were sitting MPs and had not done enough and of course the chemistry and mathematics of cycle and hand was working quite well,» says Sridhar Sivaram, Enam Holdings. At one point in time used to be the bandit area of UP, but now has the things changed in the rural side? Sridhar Sivaram: No, so, actually I went pre the election results and the ground feedback was similar to the results. I mean the feedback we got was about 10 to 15 seats lesser in UP than what they got the previous time more because of the selection of candidates. I mean Lakhimpur Kheri itself is a controversial constituency because of the person who was standing there.

Despite hope for lower interest rates in the months ahead, the Canadian Real Estate Association is scaling back expectations for home sales and prices after a slower-than-usual spring season.

Earth's inner core, a solid metal ball spinning independently within the planet, has significantly slowed down. Published in the journal Nature, these findings reveal a 70-year cycle in the core's rotational speed, providing critical insights into the complex dynamics of Earth's interior. Challenges of Studying the Inner Core Studying Earth's deep interior directly is impossible. Seismologists gather information by examining the behavior of seismic waves from large earthquakes that reach the inner core. Differences in these waves, observed at different times, allow scientists to measure changes in the core's position and calculate its spin.

Bloomberg's Mark Gurman in the Power On newsletter, Apple may introduce a premium tier called "Apple Intelligence+" that offers exclusive AI features for a monthly fee, akin to its existing subscription services like iCloud and Apple Music.The move comes amid a strategic pivot by Apple to bolster its software and services offerings amidst a plateau in hardware sales growth. Factors contributing to this shift include slower device upgrade cycles, less pronounced hardware innovation, and increased durability of devices.Apple's partnership with OpenAI, which reportedly includes revenue-sharing from AI subscription services, underscores its commitment to leveraging AI to drive future revenue growth.