Economy Financial News

GDP data for the first quarter of the current financial year is scheduled to be released on 30 August. If these projections hold, it would mark the lowest GDP growth in five quarters. Economists have projected GDP growth in the range of 6.0-7.3% for the quarter.

The Dow Jones Industrial Average inched up to another record high on a mixed day of trading for Wall Street

IPO) of Ecos Mobility and Hospitality has opened for subscription today and will be available for public to bid till August 30. The IPO is entirely an offer for sale (OFS) of 1.8 crore shares. Since the IPO is an OFS, all the proceeds will go to the selling shareholders.

The focus of market players and borrowers has turned towards monetary policy in the US, particularly the two questions of when and by how much will its central bank, the Federal Reserve, cut the US Fed funds rate. Anticipation of imminent cuts rose after the Jackson Hole huddle of central bankers and economists, an occasion that market participants across the world were watching for cues.

South Africa has active investigations into alleged corruption totaling more than $7 billion at some of its top state-owned companies

Families are looking for relief from the high cost of caring for children

American consumers felt more confident as their outlook for the future improved.

In this article

sterling trading just off multi-year highs, as markets focussed on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the early Asia spotlight, dropping over 6% after breaking below support around $60,000.

Bharatiya Nyaya Sanhita liberates our democracy from the colonial mindset, and its basic spirit should be made as effective as possible. «Our country has changed rapidly in a decade. We have risen from the 10th position ten years ago to become the 5th largest economy in the world. Today, the dreams and aspirations of our countrymen are significant. It is important that we innovate according to the new India and modernize our systems. This 'Justice for All' is equally crucial. We are seeing how technology can play a significant role in our judicial system,» said PM Modi during the Platinum Jubilee celebrations of the Rajasthan High Court in Jodhpur. Modi said that justice is always simple and clear but sometimes the process makes it difficult and now it is our collective responsibility to make justice as simple and clear as possible.

Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a new report funded by Bank of America and condu...

The German government has announced plans to provide about 3.3 billion euros ($3.7 billion) in funding for projects to make industry more climate-friendly, including by storing carbon dioxide underground at offshore sites

Congress on Sunday claimed that a combination of slow wage growth and «back-breaking» inflation has caused an unprecedented decline in real wages and said that like the "proverbial ostrich", the government continues to remain blind to the most fundamental challenge faced by the Indian economy. Congress general secretary in-charge communications Jairam Ramesh said a new report by a noted brokerage firm has once again shed light on the truth that the Union Government has consistently denied — real household incomes in India are facing a persistent decline. «A combination of slow wage growth and back-breaking inflation has caused an unprecedented decline in real wages (wages adjusted for price rise) and therefore incomes,» he said in a statement. Ramesh pointed out that several surveys and data sets — including the Annual Survey of Unregistered Enterprises (ASUSE), the Reserve Bank of India's KLEMS data, and the Household Consumer Expenditure Survey (HCES) — have demonstrated financial distress among working class Indians.

Asian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy

Canada’s government says it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission

Venkat Nageswar Chalasani, Chief Executive, AMFI, says 9.34 crore is the total number of accounts and Rs 24,000 crore is the total amount that has been raised in this particular month. If you derive that number, 24,000 divided by 9.33, it will be around Rs 2,500. So, it is just a mix. Some people are investing around Rs 1,00,000 and some people would be putting around Rs 500 to Rs 600 per month. The average, as I said, is derived and works out to around Rs 2,500. But this number is also growing. One year back, it was around Rs 2,200, today it is Rs 2,500. My sincere compliments for all the great work which the Association of Mutual Funds of India (AMFI) is doing. Venkat Nageswar Chalasani: Thank you very much. Retail investors are coming into the mutual fund fold. In fact, on the SIP front, there are around 9.33 crore accounts as we speak now. The AUM under SIP is around Rs 13 lakh crore, around 20% of my total AUM.

FOX Business’ Edward Lawrence shares highlights from Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium.

The ferocious exchange of fire by Hezbollah and the Israeli military is raising fears of a regional war beyond the tense border

The Conference Board issues its monthly index of U.S. consumer confidence Tuesday

Canada will impose a 100 per cent surtax on nearly all Chinese-made electric vehicles, including certain hybrids as well as trucks and buses, in a bid to create a protective barrier around the country’s auto industry.

tech giants dragged down Wall Street, as focus shifted from the Federal Reserve’s policy outlook to Nvidia Corp.’s earnings later this week. Japanese and South Korean stocks turned slightly higher after earlier losses, with mild gains in Australia. Hong Kong futures pointed to a weak opening, while contracts for US peers were steady after some of the world’s largest tech names pushed US stocks lower.