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₹238,168 with OAEs reporting only 127,073 per unit. That means 85% of unorganized-sector enterprises were generating around ₹10,000 per month. The situation for hired workers was no better.

Zerodha chief executive officer Nithin Kamath has sought tax exemptions for startup investments, which he believes will eventually help address the unemployment issue plaguing the country. Taking to microblogging site 'X' (formerlyTwitter) days before the presentation of the Union Budget for FY25, he said that encouraging entrepreneurship is one of the ways to tackle unemployment.

In its latest Global Economic Outlook, KMPG's chief economist, Yael Selfin, claimed «the UK economy has shown tentative signs of renewed momentum» amid 0.5% growth anticipated this year, rising to 0.9% in 2025. UK GDP grows faster than expected at 0.7% in first quarter of 2024 Falls in inflation in the UK and globally, coupled with increased mergers and acquisitions activity, were two of the reasons cited for this growth. Cuts to National Insurance contributions are also predicted to bolster real household income by 1%, leading to greater consumer confidence and a more broadly opti...

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon

Kenyan farmers' financial security and optimism have been shaken by recent flooding

As expected, India has drawn the interest of both foreign and domestic investors eager to invest in its equity markets, a trend anticipated to persist. Flipping through news channels or the morning newspaper these days, it’s hard to miss a headline about the Indian stock markets’ stellar rise. Nifty50, the stock market index which represents the 50 largest listed businesses in India, is currently at all-time highs. The businesses that form part of the Nifty50 index represent major sectors of the Indian economy such as Banks & Financial Services, Oil, Gas and Consumable Fuels, Information Technology, Automobiles, and so on.

Sergey Lavrov has praised Prime Minister Narendra Modi's recent visit to Russia, calling it a success, adding that he stated the two leaders discussed almost each and every issue mentioned on the agenda including cooperation in global organizations like G20, BRICS, and the UN. While speaking to ANI, Sergey Lavrov mentioned Russia's support for India to become a permanent member of the United Nations Security Council. «I think the visit was very successful. They discussed each and every issue on the bilateral agenda. They discussed the international situation, our cooperation in G20, BRICS, the Shanghai Cooperation Organization, in the United Nations, where we support the Indian interest to become a permanent member of the Security Council, like we do for Brazil and African candidates,» said Lavrov.

Investing.com-- Most Asian currencies fell slightly on Friday as traders turned cautious amid increased volatility in the Japanese yen, which sparked speculation over whether the government had intervened in markets.

‘Innovation will be key differentiator in SaaS’ In a secondary transaction, existing shareholders sell shares to other existing investors or new ones, and no new capital is injected into the company itself. Secondary transactions generally take place at a discount to the primary shares. In 2022, a $72 million Series D funding round led by Technology Crossover Ventures (TCV), made Darwinbox a unicorn – a private company valued at more than a billion dollars.

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Toyota has come out with an all-new 2024 Land Cruiser

Rohit Sharma's announcement to retire from T20Is after winning the ICC T20 World Cup, all-rounder Hardik Pandya is likely to lead the Men in Blue in the shortest format of the game. Meanwhile, wicketkeeper-batter KL Rahul will lead the team in ODIs, as per the sources. «Hardik Pandya is all set to lead the Indian team in the T20, Rohit Sharma's announced his retirement. Hardik is also unlikely to be rested for the upcoming series vs Sri Lanka,» BCCI Sources told ANI. In the T20 WC, Pandya scored 144 runs in six innings at an average of 48.00 and a strike rate of 151.57, with a half-century and best score of 50*. He also took 11 wickets in eight games at an average of 17.36 and an economy rate of 7.64, with the best figures of 3/20.

Canada’s poor productivity is the result of a lack of investment in business and technology while investment in housing has soared, says a new report from the Fraser Institute.

premiere date for its latest Taylor Sheridan drama, "Landman," featuring Billy Bob Thornton. The series will debut on November 17 with a double-episode premiere. Premiere Date Paramount+ has set the premiere date for «Landman,» its new drama series created by Taylor Sheridan. The show will begin streaming on Sunday, November 17. The series will launch with two episodes. The first season will have 10 episodes, with new episodes released weekly on Sundays.

NEW DELHI : Private companies spending lakhs of rupees on training their employees may receive an additional boost in the upcoming budget to ensure their workers are skilled enough to be among the world's best. The finance ministry is evaluating a proposal to incentivise private companies to train and upgrade the skills of their workers, two officials aware of the development told Mint.

economic data continued to point to slowing growth, although that gave little relief to the yen, which was pinned around a 38-year low that kept the market on alert for government intervention. The euro held not far off a three-week high against the greenback, and sterling firmed ahead of UK elections later in the day.

World Gold Council (WGC) in its mid-year outlook 2024 has said that the catalyst for gold could come from falling rates in developed markets, that attract Western investment flows, as well as continued support from global investors looking to hedge bubbling risks amid a complacent equity market and persistent geopolitical tensions. Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes. Gold has thus far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a steady drumbeat of geopolitical uncertainty. As we look forward, the key question in investors’ minds is whether gold’s momentum can continue or if it’s running out of steam. With a few exceptions, the global economy is showing wavering growth indicators – eager for rate cuts – amid lower but still uncomfortable inflation. And the market’s outlook is not too dissimilar.

defeat against Zimbabwe in the 1st T20I, India spinner Ravi Bishnoi said that they lacked partnerships which made the difference in the game. Ravi Bishnoi displayed a stunning performance in the first inning after he picked up four wickets and gave 13 runs in his four-over spell at an economy rate of 3.20. Speaking after the match, Bishnoi said that if the Indian batters had made a 20-30 run stand while chasing, they could have won the match.

General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards

It didn’t move markets, but during two days of congressional testimony this week, Fed Chair Jerome Powell made the beginning of a pivot on interest rates that might prove more durable than one that sparked a big market rally at the end of last year. Around December, Powell and several colleagues signaled they could begin the process of dialing interest rates down as soon as the middle of the year if inflation, which cooled notably in the second half of last year, continued on that path. When Powell testified on Capitol Hill in March, he allowed that the Fed was “not far" from achieving the confidence it needed to cut rates.

Mint soon after a town hall with engineers at Siemens Ltd, the conglomerate's Indian subsidiary. On Thursday, Siemens shares touched a lifetime high of ₹7950, marking an 112.43% return on investment over the past year. India's economic growth rate of 6-7% significant and speaks for itself; however, if the share of industry in India's GDP grows from the current 17% to 25%, this would add a potential $1 trillion to the economy, he added.