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Subscribe to enjoy similar stories. The Federal Reserve has slowed inflation, but many Americans continue to pay a high price for the cumulative inflationary consequences of excessive monetary and fiscal stimulus. We wrote in these pages in February 2021 that, based on history, high deficits combined with expansive monetary policy would trigger accelerating inflation.

The recent correction has opened up some upside, even after considering the earnings cuts, says Venkatesh Sanjeevi, Senior Vice President & Portfolio Manager – Emerging Markets Equity — India, Franklin Templeton. «Our investment approach is to capitalise on such near-term weaknesses to build positions into high quality companies which can compound their earnings for many years ahead,» he says.

Subscribe to enjoy similar stories. The hotel industry is an essential barometer for economic trends, reflecting consumer behaviour, disposable income, and overall market conditions. Its performance mirrors economic growth, with demand and supply tied to economic cycles.

credit card additions at Indian lenders even through the festive season, with analysts anticipating a circumspect approach from banks as pockets of the consumption economy show signs of a demand fatigue. Latest Reserve Bank of India (RBI) data published recently showed credit card additions fell almost 50% year-on-year in October, taking the total card base to about 107 million. Lenders added 786,000 new cards for the month over September. «Net new card additions are expected to moderate in the near term due to rising delinquencies in the credit card receivables,» said Bunty Chawla, research analyst at IDBI Capital Markets. «Most lenders remain cautious on new card disbursements also due to RBI's risk weight norms. Though we expect card spends to remain range bound in the coming months.»

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Scotiabank says it expects to see continued loan pressure and political uncertainty in the months ahead as it reported profits that were up from a year ago but below analyst expectations.

Subscribe to enjoy similar stories. A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production to developing-world countries, from Indonesia to Pakistan to Brazil.

US economy.

Union Minister Nitin Gadkari, who is also Member of Parliament from Nagpur, expressed his concern over the worsened pollution levels in Delhi as he often hesitates to visit the national capital because it poses health risks. On Tuesday, while speaking at an event, Gadkari confessed that this city’s pollution causes infection very frequently, making him reluctant to travel there.

Subscribe to enjoy similar stories. Investors are fretting that France may be on the verge of triggering a new eurozone crisis, and the amazing thing is that it took this long for everyone to notice that the country’s public finances, and its economy, are a mess. We don’t mean to make light of the worry gripping markets in recent days as the National Assembly has failed to pass a budget.

Subscribe to enjoy similar stories. ISLAMABAD, Pakistan—When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. The bill, for June and July, was all he earns in a month of ferrying passengers on his motorbike in the scrappy suburbs outside Pakistan’s capital Islamabad.

The NFO period begins from 26th November to 10th December, 2024. With a focus on disciplined allocation across large-cap, mid-cap, and small-cap segments, the fund leverages structural tailwinds such as improved access to talent, capital, and markets, alongside trends like export growth, premium consumption, and financialization. Balancing diversification with a robust stock selection process, Tiwari highlights the fund’s commitment to being a true-to-strategy multicap offering, designed to create sustainable wealth for investors. Edited Excerpts -

Subscribe to enjoy similar stories. The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar.

Subscribe to enjoy similar stories. The Indian economy is in the midst of a cyclical slowdown. The government statistics office reported last week that economic growth had declined for a third quarter in a row.

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

Bvlgari, the Italian maker of luxury jewellery, watches, fragrances, accessories, and leather goods, is looking at India to make up for falling demand in China. Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari chief executive officer Jean Christophe Babin said in an interview with Bloomberg TV. In October, Bulgari announced the launch of its first digital boutique in India in partnership with Tata CLiQ Luxury.

Subscribe to enjoy similar stories. India has achieved remarkable economic success, ranking as the world’s fifth-largest economy. Economic experts predict India will rise to third place within five years.

The death sentence for real estate tycoon Truong My Lan has been upheld in Vietnam’s largest fraud case, the scale of which had raised concerns about the country’s economy

Asian shares are mostly higher after technology stocks pulled Wall Street to another record finish

V Srivatsa, Fund Manager — Equity, UTI AMC, sees opportunities in cement, metals and durables companies as they are disappointed in earnings and the worst may be over for them in terms of downgrades. «Given the low base and strong festive season, we see some turnaround around consumption-oriented sectors such as FMCG, autos and durables. We may also see a recovery in the oil and gas companies as the refining margins and oil realizations could be better in the second half,» he says. Edited excerpts from a chat: Mutual fund inflows have been strong even when the market is falling. How much cash are you deploying in your portfolios amid the market correction? V Srivatsa: UTI Large and Mid-cap Fund typically has around 4-5% cash in the fund at current levels. We are in the process of deploying some of the cash into buying equities, however we would need to maintain at least 2-3% cash to meet any unforeseen redemptions.

Subscribe to enjoy similar stories. Three-quarters of a century after freedom from British rule, Nehruvian policies continue to animate debates on the extent to which they aided or hobbled the emergence of India’s economy. Even before we made a decisive shift in 1991 to reduce the state’s role, a leftist critique sought to skewer the policy choices of our formative years for investing in elite education at the cost of mass learning.