Economy Financial News

10.06 / 11:59

FIVE Ball economy Election Trade President Modi Cabinet to reveal list of portfolios allotted to ministers

Narendra Modi on Monday will set the ball rolling for his third consecutive term by announcing the key portfolios allotted to ministers a day after their swearing-in ceremony after the first Cabinet meeting.

10.06 / 09:59

markets COST Citi economy President country International Brazil enables the black market

Foz do Iguaçu, Brazil Fifteen miles upstream from this city, built where the Iguazu River meets the larger Paraná, are the towering Iguazu Falls. The largest of the falls and the main attraction is the “Devil’s Throat," an exhilarating and terrifying site. For a real thrill tourists can view the cascade of rapids, 492 feet wide and 269 feet high, tumbling over the precipice from a catwalk in the river.

10.06 / 09:59

UPS FIVE Manufacturing economy voice Department Mint Explainer: Key policy changes in Nirmala Sitharaman’s first stint as FM

Mint takes a look at some of the key policy changes brought in by Nirmala Sitharaman, an influential voice in the new cabinet, during her first five years as FM. Sitharaman is tipped to retain the finance portfolio in the new government. The union budget for FY24 raised the tax-rebate ceiling under the new personal income tax regime from ₹5 lakh to ₹7 lakh, easing the burden on the middle class.

10.06 / 08:17

economy Research trends reports Rate Cut Fed rate cut 'off the table' as US economy adds 272,000 jobs

This marks an increase in the 175,000 pace notched in April and a higher average monthly gain than the 232,000 over the past twelve months. Wall Street had forecast an increase of around 185,000 jobs. The May employment report also revealed a slight stimulation of average hourly earnings growth from 0.2% in April to 0.4% in May. This means that the average hourly earnings have increased by 4.1% over the past twelve months. Richard Carter, head of fixed interest research at Quilter Cheviot, said: «With average hourly earnings also continuing to trend upwards in the US, this data has t...

10.06 / 07:23

markets Provident economy performer audience reports Features 89% of Indian business leaders embrace AI for visual content creation, reports Canva

Canva has released its second annual Visual Economy Report, featuring insights from over 3,700 global business leaders on the impact of visual communication. The company worked with Morning Consult to understand how business leaders are using visual communication tools and the role AI plays in enhancing productivity, creativity, and workflow efficiency. The survey spanned 12 markets, including India, the US, UK, France, Germany, Spain, Brazil, Mexico, Indonesia, Japan, South Korea, and Australia.

10.06 / 05:25

COST Citi economy Trade country Gold and silver prices today on 10-06-2024: Check latest rates in your city

gold in the last one week has been -1.06%. Whereas in the last month it has been -0.25%.The cost of silver is Rs.90720.0 per kg Gold Price Today in Delhi is ₹73567.0/10 grams. Yesterday’s Gold Price on 09-06-2024 was ₹74286.0/10 grams.

10.06 / 04:25

markets UPS Manufacturing Strategy economy Trade electronic Global demand revival: How is India poised?

global demand remained comparatively muted in 2023 on account of lower consumer consumption and rising inflation in the main markets of Europe and the US. As a result, India’s merchandise exports also took a hit. However, experts now see a gradual revival in global demand because of the 11.86% year-on-year export growth (to $41.4 billion) in February 2024.

10.06 / 03:11

UPS Action economy Food pandemic country Monetary policy: RBI's optimism is tinged with chronic concerns

There are many ways in which designing a monetary policy differs from drafting a Union budget. The budget is an account of money received and spent, overlaid with plans for how to structure expenditure over the next 12 months—depending on a combination of pressing political exigencies and economic imperatives—and proposals for raising money to meet this spending.

10.06 / 03:03

markets Provident Target economy CME track India bond yields seen rising tracking US peers

U.S. Treasury yields after strong economic data weighed on bets of rate cuts in world's largest economy. India's benchmark 10-year yield is likely to move in a 7.01%-7.06% range on Monday, following its previous close of 7.0168%, a trader with a state-run bank said. The yield posted a weekly rise last week, after easing for six.

10.06 / 02:49

markets Target Reuters economy Election Trade show Euro slips to one-month low as Macron calls French election

euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week. The euro fell to $1.0764, its lowest since May 9, in early trading in Asia. It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year.

09.06 / 20:53

UPS Gap Compilation economy performer consequences Statistics ministry sees no major revision of FY24 GDP

The statistics ministry doesn’t expect to undertake any significant downward revision to the official economic growth estimate for FY24, and may disprove many analysts in this regard. It also sees the possibility of the gross domestic product (GDP) expansion in FY25 to exceed 7%, with the “strong momentum” being witnessed.

09.06 / 17:51

UPS Manufacturing security economy social What to expect from NDA 3.0's budget #1

budget is likely to bake in higher-than-expected growth in the previous year and an unexpected bounty in central bank profits to aim for speedier fiscal correction. This course would support growth by lowering interest rates. If the budget sticks to the medium-term budgetary roadmap, it would be on account of pushing ahead with capex, which is serving as a ballast to slow consumption growth. The desired crowding-in of private investment is in evidence, although widespread capacity expansion is held back by rural consumption. A middle path — and the most probable scenario — would be a somewhat quicker fiscal consolidation in the budget alongside a delayed tapering of capex.

09.06 / 12:43

Target security economy Trade War reports G7 plans to warn small Chinese banks over Russia ties, sources say

Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions, according to two people familiar with the matter.

09.06 / 10:03

markets COST UPS Target economy wellness show NOT Policy rate divergence is not a narrative that will last for long

After a period of relative uniformity among major monetary authorities, it’s suddenly fashionable to talk of divergence in the path of interest rates. Unfortunately, this easy description papers over some important—and subtle—differences that have emerged over the past year. Such course corrections are healthy.

09.06 / 09:27

markets COST Provident CEO economy Align Sustainability Expect stability in interest rates for prospective homebuyers in short term: Developers

In its post-election RBI policy announcement, the MPC opted to maintain the repo rate at 6.5% for the eighth successive time. The RBI’s cautious stance reflects acknowledgment of persistent food inflation alongside a robust growth trajectory, evident in the revised growth forecast for FY25, now elevated to 7.2% from 7%.

09.06 / 09:27

COST Citi CEO economy Sustainability wellness Unchanged repo rate bodes well for housing sector, say property consultants

The Reserve Bank of India today decided to keep the repo rate unchanged at 6.5%, leading to a rate pause for the eighth consecutive time. This decision bodes well for the housing sector which is already witnessing a strong demand across the country.

09.06 / 08:41

markets Provident economy Research Trade information International Revive political economy: Economics must go back to its basics to stay relevant

The world economy is at a turning point. As global supply chains face frequent disruptions, the structures underpinning markets and international trade are unravelling, leading to economic instability which is spilling over into other domains and fuelling conflict and political polarization. It is worth asking why, despite an unprecedented influx of data, mainstream economic thinking and policymaking appear to be failing.

09.06 / 06:01

markets Merit Strategy economy Election Research Experts Value vs growth stocks: What should investors prefer amid Indian stock market optimism? Here's what experts say

5 key money lessons on value investing one can learn from Warren BuffettExperts point out that growth and value are two distinct investment philosophies that represent contrasting approaches, each with its own set of merits and risks.Value stocks are shares of companies that appear to be priced lower than their true worth. These companies usually have stable finances, steady earnings, and low valuation measures. Investors in value stocks look for bargains—stocks that are temporarily unpopular or ignored by the market, hoping their true value will eventually be recognised, leading to price increases.

09.06 / 06:01

COST Citi economy Trade country Gold and silver prices today on 09-06-2024: Check latest rates in your city

gold in the last one week has been -1.51% whereas in the last month it has been -1.02%.The cost of silver is Rs.90720.0 per kg Gold Price Today in Delhi is ₹73998.0/10 grams. Yesterday’s Gold Price on 08-06-2024 was ₹75085.0/10 grams and last week’s gold price on 03-06-2024 was ₹73948.0/10 grams. Silver Price Today in Delhi is ₹90720.0/Kg.

09.06 / 00:39

markets IPO Target economy Sustainability reports recommendations inflation data Week Ahead: Inflation data, US Fed policy, global cues among key market triggers as Nifty 50 eyes 23,500 this week

The upcoming week will also place a significant focus on monetary policy decisions of central banks, as the US Federal Reserve will begin its two-day policy meeting on June 11. The US Fed will announce its interest rate decision after its two-day policy meeting on Wednesday, June 12, 2024.Analysts noted that the US economic landscape has shown signs of moderation in recent months.

08.06 / 21:09

markets Blockchain Digital Platform security economy Dreams GambleFi: Your Gateway To The Lucrative World of Crypto Casinos

Ever dreamed of owning a piece of a casino? It might sound like a privilege reserved for the ultra-wealthy, but thanks to the advent of blockchain technology, this opportunity is now open to anyone interested in the growing world of crypto casinos.

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