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United States may not be on the brink of recession as being claimed by major economists as per latest revelation by popular economist Adam Posen, who has claimed that the scares of an imminent recession may actually be far away. His view has opposed the concept of many other economists who have raised the alarm of a major US recession.

IPO-bound Bajaj Housing Finance aims to expand by diversifying its book and exploring multiple sources of funds, Chairman Sanjiv Bajaj tells ET. Bajaj Finance is not exploring a bank licence, however, he says. Edited excerpts from the interview: What are the challenges you foresee for the housing finance industry considering that banks are also getting in the space aggressively? I think that the opportunities outweigh the challenges, this is when you are growing at 7% and the government is also putting support for the larger economy to grow even faster in the coming years, in addition to the fact that the government is also supporting housing, with housing for all, so the opportunity is very large. The challenges will remain in the locations that you want to grow, the kind of customer segments you enter, if you are building a diversified or a monoline book and sources of borrowing. Therefore, the path that we have taken is to build all this in a diversified manner ( such as home loans, loans against property, developers’ loans), we are not just in one line of lending or borrowing, we have multiple lines for this and have diversified it. This makes up most of the challenges, and we can build up the business in the foreseeable future.

A senior official has confirmed a report that Turkey wants to join the BRICS bloc of developing economies but fell short of confirming that the NATO country had formally applied for membership

Boeing has faced a plethora of negative news and nearly nothing but issues. If a new contract isn't reached by September 12, 32,000 workers may go on strike against Boeing. While Boeing struggles with its past decisions and ongoing financial issues, the union demands better wages, benefits, and job security. On September 12 at 11:59 p.m. PT, the agreement between Boeing and the International Association of Machinists is scheduled to expire. The employees who assemble the company's aircraft in Washington state are scheduled to go on strike for the first time in sixteen years if they don't get a new contract. The union's president believes that there is currently little chance of a deal. The major issues that divide them are pay, health care, retirement, and vacation time, according to Jon Holden, the president of IAM District 751, who spoke with CNN last week. They're still working on it, but it's been a difficult process to get there.

The Bank of Canada is widely expected to continue cutting its benchmark interest rate tomorrow and at meetings to come, but how quickly the rate comes down is open to debate.

When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie.

The Bank of Canada is widely expected to cut its policy interest rate by 25 basis points on Wednesday and there are few indications that it will stop there, economists say.

According to a recent ABC News/Ipsos survey, which was released on Sunday, Harris led Trump among all adults and registered voters 50 per cent to 46 per cent. Harris had a 52 per cent to 46 per cent advantage over Trump among likely voters. The results are comparable and statistically unchanged from an August poll, according to pollsters. Before the convention, an ABC News, Washington Post, and Ipsos poll found that among registered voters, Harris had 49% support and Trump had 45%. Everybody's eyes were on the polls that were made public after the Democratic National Convention last month to see if the vice president would gain ground after the convention, as some candidates have in the past. Starting on August 23, the day following the convention's last night, a poll was conducted. Pollsters noted that Harris widened the gender gap, even though most of the numbers were essentially unchanged from before the Democratic convention. Regarding women, Harris had a 13-point advantage (54% versus 41%), while Trump had a 5-point advantage (51% versus 46%). According to pollsters, Harris had a 6-point advantage over women before the convention.

Oil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Libyan production and exports, pushing prices to their lowest since around the beginning of the year. The news of more crude supply possibly returning to the market came as prices had already fallen on the belief that demand was being undercut because of sluggish economic growth in China, the world's biggest crude importer.

Households, which have recently brought down their net financial savings sharply, are likely to build back their financial assets as rising incomes provide a boost going ahead, Reserve Bank of India deputy governor Michael Patra said on Tuesday. “This process has already begun – households’ financial assets have increased from 10.6 percent of GDP during 2011-17 to 11.5 per cent during 2017-23 (excluding the pandemic year),” Patra said at an event organised by the Confederation of Indian Industry here. “Accordingly, households will remain the top net lenders to the rest of the economy in the coming decades,” he said.

The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United States border.

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

Nouriel Roubini, Professor Emeritus of Economics and International Business, Stern School of Business, New York University, says there is an element of frothiness in US stock markets. Part of it is driven by the optimism about artificial intelligence (AI) radically changing industry, economies, and the world. Some correction might occur, but it is unlikely to be massive, especially if the economy keeps on growing and the Fed starts cutting rates. Roubini says in case of a Trump win, if he has a radical economic policy, there could be higher inflation, lower economic growth, and a significant correction with higher bond yields and lower stock prices. If he wisely chooses economic advisors who are more mainstream, and if he realises that the debt of the US is unsustainable and he has to do fiscal retrenchment, maybe those economic advisors can suggest a more moderate course of action.

«We are moving some part of the money from smallcap, midcaps into the largecaps, turning a bit more defensive from a near-term perspective. I personally believe that the economic growth driven by investment cycle is very much on a strong footing,» says Mahesh Nandurkar, Jefferies. What is your view on the market and what exactly are you communicating to your clients after the Union Budget and ahead of US elections? Mahesh Nandurkar: So, what we have been communicating to investors and what has been our strategy is that over the last couple of months we have toned down the risk or the beta factor in our portfolios.

IIT Bombay has completed final placements with an average annual package of Rs 23.5 lakh, a 7.8% jump from last year’s average of Rs 21.8 lakh but fewer students compared to last year have landed jobs during the process, a report released by the institute has revealed. In one of the most challenging years for placements to date, about 74.5% of the 1979 students who actively participated in the campus drive have got jobs, with 1475 job offers accepted. This is compared to about 82% last year when 1845 students actively participated and 1516 job offers were accepted. This is despite 364 companies making offers, compared to 324 last year. Seventy-eight international offers were accepted in both Phases of the IIT Bombay placements 2023 — 24, while 22 offers of above Rs 1 crore per year were accepted during this drive, according to data from the institute. Around 206 students received salaries of less than Rs 10 lakh.

Asian shares are trading mixed as investors look ahead to a key report on U.S. employment set for release later in the week

Madan Sabnavis, Chief Economist, Bank of Baroda, says the steps announced by the government cover both crops – horticulture as well as allied activities – and this is required for overall enhancing and creating more steady growth and output as well as income for farmers. Today when we are talking in terms of rural consumption lagging, one of the factors behind it is that we are not seeing a commensurate increase in terms of income. Sabnavis also says that we may not see the impact in the immediate quarter. 3.5% to 4% should be the trend growth that we should see in the case of overall GDP growth of 7% to 8% at the aggregate level. It will take a couple of years before all these pieces are put together.

Indian High Commissioner to Brunei, Alok Amitabh Dimri termed Prime Minister Narendra Modi's visit to the nation «historic» and said the two nations have been civilizational neighbours. PM Modi embarked on the visit to Brunei on Tuesday. Notably, this is the first visit by an Indian PM to the nation. He is expected to hold high-level engagements with Sultan Haji Hassanal Bolkiah and other members of the Royal Family.

Navya Naveli Nanda, the granddaughter of Bollywood icon Amitabh Bachchan, is making headlines for her recent admission to the prestigious Indian Institute of Management (IIM) Ahmedabad. Navya has enrolled in the Blended Post Graduate Programme (BPGP) for an MBA, a specialized two-year course tailored for working professionals and entrepreneurs. Beyond her academic pursuits, Navya is a stakeholder in her father's company and a dedicated advocate for women's rights. She is the founder of Project Naveli, a non-profit organization focused on gender equality in India, emphasizing key areas such as education, healthcare, and financial independence for women.

The National Financial Reporting Authority (NFRA) has proposed a revision of accounting rule SA600 so that a parent company’s auditor would be held responsible for the work of the auditor of a subsidiary. The idea has met with resistance. The Institute of Chartered Accountants of India (ICAI) has flagged its concern that it could weaken smaller chartered accountancy firms and lead to greater market dominance by a few big ones.