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equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy Nasdaq Composite extended losses to notch its first 10% correction from a record high since early 2022. Equities plunged in Europe and Asia as well, with Japan's Nikkei index losing nearly 5% for the week.

The NSE Nifty 50 fell 1.17% to 24,717 points, while the S&P BSE Sensex shed 1.08% to 80,981, logging losses for the first time in six sessions. They also ended an eight-week winning run, their longest in 14 years.

report this week, the elderly are squirrelling away money, motivated by ever-longer retirements, the risk that they will need to pay for old-age care, the inevitable uncertainty about how long they will survive and the desire to pass on assets to their children. Whereas in the mid-1990s Americans aged between 65 and 74 spent 10% more than their income, the same age group has been a net saver, in aggregate, since 2015. A similar picture is found across the rich world, from Canada to Japan.

equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed. There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments.

Everywhere you look, the world’s politicians face tough economic choices. In many countries, they must raise taxes, cut spending or put up with high interest rates to keep inflation in check and make room for investment in the future. China is different.

interest rates this week as a long-awaited, but potentially short-lived, divergence in monetary policies deepens. The Bank of Japan kicked off the action on Wednesday by unexpectedly hiking before the Federal Reserve decided to stay on hold while signaling a potential cut in September. On Thursday, the Bank of England lowered borrowing costs for the first time since the start of the pandemic. Data out Friday showed US hiring slowed markedly in July and the unemployment rate rose to an almost three-year high, raising recession concerns and putting the Fed solidly on a path to cutting interest rates in September. It also spurred a deep selloff in the stock market.

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Assam Tourism Development Corporation (ATDC) signed an MoU with Amalgamated Plantations Private Limited (APPL) and the Indian Hotels Company Limited (IHCL), subsidiaries of Tata Group companies. The function held at Lok Sewa Bhawan in presence of Chief Minister Himanta Biswa Sarma and Chairman Tata Sons Natarajan Chandrasekaran. It may be noted that MD ATDC Padmapani Bora, CEO IHCL Puneet Chhatwal and MD and CEO APPL Sukhjeet Singh Malhotra signed the memorandum of understanding. As a part of the MoU, a Taj Resort and Spa will be opened with an investment of Rs. 120 crores. Moreover, under the MoU, Amalgamated Plantations Private Limited in collaboration with Indian Hotels Company Limited will establish hotel and hospitality infrastructure with modern facilities at Kaziranga. ATDC on behalf of Government of Assam will be acting as a nodal agency to implement the project.

citizenship in 2023, the Congress on Saturday said the exodus of high-skilled and high net worth Indians is an "economic travesty" that will shrink the country's tax revenue base over the next few years. Congress leader Jairam Ramesh said business personalities are increasingly relocating to places such as Singapore, UAE, the UK and other places renouncing their Indian citizenship. In a written response to queries on Indian citizens who have renounced their citizenship, Minister of State for External Affairs Kirti Vardhan Singh recently told the Rajya Sabha that more than 2.16 lakh Indians renounced their citizenship in 2023. Ramesh, the Congress general secretary in-charge communications, said the number was almost double than what it was in 2011, at 123,000.

real estate investments in the Asia-Pacific region, attracting 9% of the total volume of investment within the region in the first half of 2024, showed a Knight Frank India study. The total cross-border investments in the Asia Pacific region during this period reached $11.5 billion, with India receiving $3 billion from global private equity investors. In terms of investment in Indian real estate, the office sector accounted for 36% of the total global capital allocation, reflecting the strong appeal of commercial real estate assets. The industrial sector followed closely with 30% of the investment share, while the residential sector received 15%, and retail accounted for 10%.

Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth. Alarming economic data in recent days have deepened those concerns. U.S. job growth slowed more than expected in July, a Friday report showed, while the unemployment rate increased to 4.3%, heightening fears that a deteriorating labor market could make the economy vulnerable to a recession.

employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours. Employers added 114,000 jobs, below expectations for an increase of 175,000. The unemployment rate rose to 4.3%, above economists expectations that it would be unchanged on the month at 4.1%.

employment data on Friday stoked fears of a recession ahead, prompting investors to dump stocks and turn to safe-haven bonds. Treasury prices surged, sending yields to multi-month lows.

Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added more pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%, at $73.52.

stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession. The Labor Department said nonfarm payrolls increased by 114,000 jobs last month, well short of the 175,000 average forecast by economists polled by Reuters, and the at least 200,000 that economists believe are needed to keep up with population growth. The unemployment rate jumped up to 4.3%, near a three-year high.

₹2.39 lakh to ₹2.54 lakh. The claimed fuel efficiency is 29.5 kpl.

economics were uttered by former US President George W Bush at the peak of the economic crisis in 2008. Bush said: “If money isn’t loosened up, this sucker could go down!” Participating in an interview with billionaire Dan Gilbert at the Detroit Homecoming event at the College for Creative Studies in 2014, Buffet said that what the president said were “the 10 most important words in the history of economics.”

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

industry that's been a major drag on the economy. The IMF called on China to deploy «one-off» fiscal resources to complete and deliver pre-sold properties or compensate homebuyers, according to an annual review of the its economy published on Friday. It put the cost at 5.5% of GDP over four years. That would amount to almost $1 trillion based on last year's GDP, according to Bloomberg calculations.