Economy Financial News

The mayor of Maui County in Hawaii wants to stop owners of thousands of vacation properties from renting to visitors

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

For one weekend day this fall in New York — and for a price — MSNBC fans can see many of their favorite personalities in real life

Beckn-ONIX (Open Network in a Box), an open-source stack that enables rapid deployment and configuration of Beckn-enabled networks through a virtual appliance, can now allow anyone to build an open network in minutes, ensuring faster rollouts of networks, be it in agriculture, energy, healthcare or ecommerce, said a company executive. Created by the Bengaluru-based non-profit Foundation for Interoperability in Digital Economy, the Beckn protocol powers e-commerce networks like the Open Network for Digital Commerce (ONDC). Launching a basic open network involves setting up a registry, gateway, consumer app, and provider app, and can typically take a month to a few weeks.

It’s been pretty smooth sailing for stocks so far in 2024 with the S&P 500 returning over 15 percent and the VIX bumping along at historic lows. And judging from the market’s fundamentals, there’s no reason right now for financial advisors to rock the boat in the second half, according to Steven Chiavarone, head of the multi-asset group at Federated Hermes.

The Supreme Court agreed on Monday to consider reviving a critical approval for a railroad project that would carry crude oil and boost fossil fuel production in rural eastern Utah. The justices will review an appeals court ruling that overturned the approval issued by the Surface Transportation Board for the Uinta Basin Railway, an 88-mile (142-kilometer) railroad line. Arguments will take place in the fall.

Adani group capitalize on upcoming opportunities, especially with its expertise in executing complex, large-scale projects, chairman Gautam Adani said. The core infrastructure group which has businesses ranging across ports, green energy, cement, airports, power and transmission will be setting up the largest energy installation, redeveloping the largest slum and making the largest single location copper smelter of the world in the country over the next few years.

financial inclusion through better coordination with government and NGOs in credit planning and promoting digital financial literacy. Observing that the role of SLBCs in fostering inclusive and sustainable growth is crucial and multifaceted, he said, it can drive significant progress in bridging the gap between financial services and the underserved populations. «By focusing on effective coordination with government and NGOs, adopting a scientific approach to credit planning, and emphasising digital financial literacy, SLBCs can create a more inclusive financial ecosystem,» he said at the Conference of Convenors of SLBCs at Pune on June 19. «As we move forward, it is essential to monitor and measure the tangible outcomes of our efforts, ensuring that the benefits of financial inclusion reach every corner of our country,» he said.

Abhishek Sharma and Riyan Parag and pace sensation Mayank Yadav are likely to get their maiden Indian team call-up for the upcoming T20I series against Zimbabwe, as per sources. India will be touring Zimbabwe for a five-match T20I series following the conclusion of the ongoing ICC T20 World Cup. The series will start on July 6 and go on until July 14 with all matches taking place in Harare. The sources added that the series will witness a lot of senior players being rested as well.

«There will always be some slowdown or pickup in the economy, but I do not envisage a material and a broad-based general slowdown from a pure macro perspective,» says Vinay Paharia, CIO, PGIM India Mutual Fund. There is a sense in the market that maybe some amount of fatigue maybe actually coming in with all triggers playing out and there is, in fact, some concern that first quarter numbers may actually not be that great. Is that a legitimate concern? Vinay Paharia: You will have to look at concerns from a different angle. From a broad macroeconomic perspective, we are clearly cruising at high speed. There will always be some slowdown or pickup in the economy, but I do not envisage a material and a broad-based general slowdown from a pure macro perspective.

Earlier this year, the US bureau of labour statistics landed in an unusual controversy. An email sent to a group of ‘super users’ about methodological tweaks in inflation calculations for the month of January found its way to the press. Since the group of super users included leading investment banks and hedge funds, it raised suspicions about the agency sharing market-sensitive information with a closed group.

Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track the upcoming monetary policies, the G7 summit held in Italy, and how rising temperatures are ringing alarm bells.

₹34,000 crore in April and May, overseas investors bought Indian equities worth more than ₹12,000 crore this month so far.However, for the first fortnight of June, FPIs remained net sellers in domestic markets, as their total outflows stood at ₹3,064 crore. In precise, between June 1 and 15, FPIs were sellers to the tune of ₹12,519 crore across 11 sectors, while they infused funds worth ₹9,455 crore in 12 sectors, data from National Securities Depository Ltd (NSDL) showed.Sunil Damania, Chief Investment Officer, MojoPMS believes FPIs have altered their position in the equity market following the election results.

In France, parties of the far right and the far left are making election promises that are appealing — and expensive

Cab drivers and bikers at red lights in June in Tehran tap away furiously on their mobile phones, ignoring police officers

Non-Resident Indian (NRI) investors. The NDA's consistent emphasis on economic reforms, infrastructural development, and ease of doing business has historically resonated well with the investor community.This new tenure promises to build upon these foundations, potentially offering numerous opportunities for NRI investors.

The price change in 24 carat gold in the last one week has been -1.59% .whereas in the last month it has been -1.95%.The cost of silver is Rs.90850.0 per kg Gold Price Today in Chennai is ₹74274.0/10 grams. Yesterday’s Gold Price on 23-06-2024 was ₹74274.0/10 grams. and last week’s gold price on 18-06-2024 was ₹73806.0/10 grams.

Mint. "We worked with a good master distiller and started contract manufacturing but the branding began about a year ago. This is a celebration drink, and there's a unique way that India celebrates.

Philosopher George Santayana said the world is in “perpetual caricature" of itself because, every moment, it is presented with a contradiction of what it is pretending to be. This holds especially true even for the knowledge universe, where an eternal cycle of conflicts and contradictions ensures that the graveyard of old ideas is always full, leaving behind a vacuum for new ideas to take birth. This never-ending sequence becomes the source, the wellspring, for renewal and endless optimism.

Mumbai: The two monetary policy committee (MPC) members who voted to cut interest rates and change monetary policy stance at its last meeting believe the Indian economy needs to grow at joined its potential growth of 8%, as inflation continues to approach the target of 4%. The MPC had voted to keep repo rate unchanged at 6.5% for the eighth consecutive time in its June meeting. Jayanth Varma, who had been voting for a rate cut since February this year, argues that MPC should start cutting rates this quarter to give a boost to growth in FY26.

South Carolina Gov. Henry McMaster is off to Germany next week to strengthen the business ties that have fueled an economic boom this century in the formerly struggling Southern state