Economy Financial News

27.07 / 12:20
UPS Digital Manufacturing Strategy economy wellness country 'We are determined to transform Gujarat into a $3.5 trillion economy by 2047', says Gujarat CM Bhupendra Patel
Gujarat Chief Minister Bhupendra Patel emphasised that Gujarat is advancing towards becoming a USD 3.5 trillion economy by 2047.
27.07 / 10:39
economy WhatsApp Bill reports International Congress questions logic of overall taxes on gold being effectively halved
Nilesh Shah reportedly urged Union Finance Minister Nirmala Sitharaman to keep a watchful eye on any surge in India's gold import bill in the wake of the customs duty cut and rising international prices.
27.07 / 09:56
Waters economy Research Bill Trade country G20 Sherpa Amitabh Kant calls for consistent sugar policy, industry seeks export relief
sugar sector, which he said would be crucial in making India a developed economy by 2047. Kant's comments come as the industry presses for lifting a sugar export ban and increasing the minimum selling price of sugar in line with cane prices, among other demands.
27.07 / 07:42
markets Manufacturing Assurant security economy Experts country FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and mature equity investment environment.
27.07 / 07:19
markets CEO Apple economy love consequences Interviews CK Prahalad, the oracle whose wisdom still echoes in Indian boardrooms
From failed steel to soul: Vinay Rai’s dubious reset and redemption During a period when Apple was struggling after Steve Jobs' departure and John Sculley's leadership setbacks, Prahalad still regarded the company as a visionary force. He believed that Apple's recovery, which would indeed occur a few years later, would be driven by its core strength: user-friendliness.
27.07 / 05:39
Cooper security economy Sustainability Food Trade country UAE-India CEPA has transformed trade and startup collaborations: UAE Minister of Economy Abdulla Bin Touq Al Marri
UAE-India CEPA entered into force in 2022, trade between the two countries has grown remarkably by 16.41 percent with total trade growing from $72.87 billion in 2021-2022 to $84.84 billion in 2022-2023, according to UAE Minister of Economy Abdulla Bin Touq Al Marri who was recently in Chennai. In a wide-ranging interview with ET’s Dipanjan Roy Chaudhury, Al Marri mentioned that CEPA has strengthened collaboration to promote startups through exchange of best practices between accelerators, incubators, and other such ecosystem stakeholders
27.07 / 04:17
markets UPS Platform Apple economy Tesla testing Wall Street Week Ahead: Spooked US stock market faces tech earnings minefield, Fed meeting
investors are bracing for earnings from the market's biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the near-term trajectory of U.S. stocks following a bout of severe turbulence. A months-long rally in massive tech stocks hit a wall in the second half of July, culminating in a selloff that saw the S&P 500 and Nasdaq Composite Index notch their biggest one-day losses since 2022 on Wednesday after disappointing earnings from Tesla and Google-parent Alphabet.
26.07 / 19:53
economy WhatsApp Andhra Pradesh lost ₹7L cr due to YSRCP govt policies, says CM Chandrababu Naidu
Andhra Pradesh suffered a loss of Rs 7 lakh crore because of economic policies of the YSRCP government, a new white paper released by chief minister N Chandrababu Naidu has revealed.
26.07 / 18:16
Digital Career Gap economy Sustainability wellness Colleges View: Pudding made well, now the eating
GDP growth — calling for more focused policy reforms and budgetary support.
26.07 / 14:19
COST Target Action economy Trade Russia's Central Bank hikes interest rate as inflation soars
Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine
26.07 / 13:39
UPS economy Food President stage Department Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall
26.07 / 13:31
Analysis BEAS economy US economy beats expectations with 2.8% growth in second quarter
According to figures released by the Bureau of Economic Analysis on Thursday (25 July), the 2.8% gross domestic product growth in the three months to the end of June was double than the 1.4% recorded in the first quarter. The acceleration in GDP quarterly figures came on the back of rising consumer spending, private inventory investment, and non-residential fixed investment. The BEA said the movements in GDP growth were partly offset by a downturn in residential fixed income. Meanwhile, current-dollar GDP rose by 5.2% at an annual rate, reaching a total of $28.63trn in the second quar...
26.07 / 13:19
markets UPS DOW economy NVIDIA reports How major US stock indexes fared Thursday, 7/25/2024
Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose up while superstar Big Tech stocks gave back more of their huge gains
26.07 / 13:19
markets UPS DOW economy Trade show reports Stock market today: Wall Street poised for gains on strong earnings reports ahead of inflation data
Wall Street surged before the opening bell as a broad range of companies posted strong earnings while markets anticipated the latest inflation data from the U.S. government
26.07 / 13:06
COST UPS economy Food pandemic President Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do
26.07 / 10:21
markets security economy Trade country social orienteering Are LTCG tax rates in India too high? Here is a look at tax rates in other major economies
capital gains tax rates across countries to those in India, we observe a range of approaches, from straightforward percentage rates to complex systems with multiple conditions.
26.07 / 08:51
Cooper economy President country social inequality International Plan to tax super-rich divides at G20 meet in Rio
Brazil's vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international accord on the matter.
26.07 / 08:48
markets UPS Digital economy country reports Sitharaman confident she can make savings easier, raise income levels in rural India
Nirmala Sitharaman who presented the Union Budget recently asserted that she can make savings easier for those residing in rural areas through rate rationalisation.
26.07 / 08:44
markets UPS economy trends country inclusion rights Bigger than IT? Are we at the start of a financial inclusion revolution? Raamdeo Agrawal answers
Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Group, says he doesn’t think Nifty is expensive at all. 20-21 times for the India story is not out of line. The economy should pick up as we go forward. Monsoon has been fierce and that will have a very good effect in the second half, in the festival season and hopefully the interest rates will also come down somewhat, at least 50 basis point in next six months. On corporate earnings, Motilal Oswal research department is saying that next year it will be at least 14-15% Nifty EPS. From Rs 1,000 EPS in 2024, it could be Rs 1,130. Agrawal also says FIIs will be back. Maybe not in a big way, but they will be net-net positive going forward. Then there will be a lot more capital market activity in terms of I-Banking, wealth management and those sectors will rocket. It is a kind of revolution in capital market and it feel like what happened in IT in the late 1990s – 1997, 1998, 2000. It has changed the entire country. Capital market industry could be even bigger than that.

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