Economy Financial News
26.05 / 12:21
Booking
economy
social
reports
travelers
Updates
Interviews
After boycotting Maldives, EaseMyTrip quietly restarts flight bookings to island nation
Mint has reached out to co-founder Prashant Pitti and will update the story with the response once shared.On January 8, the online travel company indefinitely suspended flight bookings to the Maldives. This decision was prompted by social media posts critical of Indian Prime Minister Narendra Modi made by three Maldivian ministers, who have since been suspended.
26.05 / 09:13
markets
economy
Fallout
Election
recommendations
Questions on India's economy that Modi and Gandhi should answer
law-backed MSPs, agriculture economist Ashok Gulati said, was rejected by Manmohan Singh of the Congress when he was PM. Gulati was chairman the official body that recommends MSP hikes during Singh’s tenure. Has the party disregarded Singh’s position on this subject or has he had a change of heart? Either way, the Congress must explain how price discovery can take place in farm markets if a legal MSP is made binding on all buyers.
26.05 / 05:57
markets
Progressive
economy
Election
Bill
Trade
Charting the Global Economy: New policies considered to be trade-restrictive hit a record in 2023
Inflation is set to ease across Group of Seven economies, according to those countries’ central bankers, but the progress will be uneven. G-7 leaders meeting in Italy are weighing the durability of America’s growth momentum against the perennial sickliness of Europe’s expansion. However, the softer inflation outlook could be challenged by an aging global population as more old people are spending and fewer young people are producing. In the UK, figures on inflation, migration, private-sector activity, retail sales and consumer confidence have all been published since Wednesday morning, hours before Prime Minister Rishi Sunak called a snap general election. An announcement on household energy bills highlighted the political divide.
25.05 / 20:57
economy
Election
Trade
show
country
exclusive
gatherings
G7 criticise China, warn of escalation in trade disputes
China's engagement in the global system of commerce was roundly criticised by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world's second-biggest economy by name and accused the country of hurting the economies of its trade partners.
25.05 / 17:49
UPS
economy
reports
Equality
cricket
bowling
KKR vs SRH IPL 2024 Final: From Sunil Narine to Abhishek Sharma, here are players to watch out for
Indian Premier League finale will be played between Shreyas Iyer-led Kolkata Knight Riders and Pat Cummins-led Sunrisers Hyderabad at the M Chidambaram Stadium in Chennai on 26 May.Both the teams are IPL trophy holders – KKR won twice in 2012 and 14, while SRH lifted the IPL trophy in 2016.With much talk about the weather conditions, pitch report, and batting and bowling conditions ahead of the IPL final, the players of both sides have the mettle to turn the tides. Here are the names of a few.ALSO READ: Tomorrow’s IPL Match: KKR vs SRH - who’ll win Kolkata vs Hyderabad final on May 26? Fantasy team, pitch report and moreShreyas Iyer: The KKR skipper is known for his silent, yet resilient nature to play cricket shots.
25.05 / 14:55
COST
UPS
Booking
economy
MakeMyTrip
show
Indian Railway train ticket booking: MakeMyTrip, Ixigo offer options to book tickets with zero-cancellation charge only if you do this
train ticket will incur some charges as specified by the Indian Railway Catering and Tourism Corporation (IRCTC). However, if you use the services of some IRCTC-authorised ticketing agents such as MakeMyTrip and Ixigo and pay some extra amount, then you will get a full refund without any cancellation charges. To avail of this facility and use it for your benefit, you must know certain terms and conditions. Read here to find out.
25.05 / 14:03
economy
film
love
social
travelers
Videos
cricket
MS Dhoni travels in economy class from Bengaluru to Ranchi, co-passengers cheer Thala | Video
MS Dhoni's video of silently walking away from the field went viral on the internet, and most people thought that this was his last year in professional cricket.MS Dhoni soon returned to Ranchi from Bengaluru, and a latest video of his travel has emerged on the internet. In it, he can be seen very normally placing his luggage in the aircraft cabin as cricket fans film him on their phones and even shout his name before erupting in cheers and claps.People were amazed to see MS Dhoni traveling in economy class and adjusting his luggage like normal people.
25.05 / 12:53
markets
UPS
economy
Election
Opinion
wellness
cover
strategies
Sudip Bandyopadhyay on strategies to navigate Nifty's pre-election volatility
“The volatility will continue effectively till June 4th, because there will be all kinds of speculation, news flow, exit polls, and opinion polls. So, we have to brace for that,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Edited excerpts: ET Now: Help us understand what next for the markets because after touching this record high, now the question that naturally pops up in all investors' minds is, what next? Where do we go from here? Two phases of elections are still left and do you think the Street has digested that volatility? Do you expect more to come as and when the election results or the outcome arrive on the 4th of June? What next for Nifty overall?
25.05 / 07:41
Ball
economy
Dreams
show
beautiful
bowling
Pat Cummins hails Daniel Vettori's 'masterstroke' after reaching IPL 2024 final, 'That was a surprise'
Travis Head. The 29-year-old showed his mettle with both bat and ball, scoring 18 runs and taking 3 wickets at an economy rate of 5.75.Also Read | ‘Abhishek Sharma is ready’: Former greats back SRH batter for India berth after all-round show against RRAfter the match, SRH skipper Pat Cummins was asked who made the call to bring in Shahbaz Ahmed as the impact player.
25.05 / 05:15
markets
COST
UPS
economy
show
country
Rate Cut
Asian markets fall after US data dent rate cut hopes
Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year. A weeks-long rally in equities has petered out in the past few days on profit-taking and as central bank officials pushed back against bets on an early reduction.
24.05 / 19:03
markets
Manufacturing
economy
Food
reports
shock
gatherings
Growth momentum likely to stay in Q1FY25: FinMin
economic activity in FY25 and the growth momentum is expected to continue through the first quarter, the finance ministry said on Friday, flagging, however, risks from volatile global oil and other commodity prices. In its monthly economic report for April, the ministry said the industrial activity is rising and fixed investment is gathering strength on the back of elevated government capital spending that is also crowding in private investment. «Major pillars of India's macro-economic strength, including growth, price stability and fiscal management, are directionally positive and mutually reinforcing,» it said.
24.05 / 19:03
Progressive
Manufacturing
security
economy
WhatsApp
country
Courts
India's progress would have been faster, if borders were more secure, says NSA Doval
security advisor Ajit Doval on Friday said India would have progressed at a much faster pace if its borders had been more secure, defined and not in «adversarial dispossession» while underlining that the country's power has grown immensely in last 10 years. Delivering the Rustamji Memorial Lecture organised by the BSF on its 21st investiture ceremony, he said, «In the foreseeable future, I don't think our borders are going to be as secure as we will require for our fast economic growth. So, the responsibility on border guarding forces has become very, very heavy. They have got to remain on alert 24X7 in perpetuity. They have got to see that our national interests and country are protected.» Borders are important because that is the limit which «defines our sovereignty», he said. «Zameen par jo kabza hai wo apna hai, baaki to sab adalat aur kachehri ka kaam hai, us se fark nahi padta (The land which is in our possession is ours, the rest is the matter of courts and that is immaterial),» Doval said. He said the government has paid «very, very high attention» to border security during the past 10 years, a period in which «our comprehensive national power has grown immensely».
24.05 / 16:49
markets
Progressive
economy
Research
Bill
electronic
reports
Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending
24.05 / 16:47
Waters
Strategy
economy
Highways
Experts
Universities
reports
Brazil’s Rio Grande do Sul faces economic woes after floods, and an unclear path to rebuilding
Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches
24.05 / 16:47
24.05 / 16:47
UPS
Provident
Digital
economy
Continental
President
Harris announces plans to help give 80% of Africa access to the internet, up from 40% now
Vice President Kamala Harris is announcing the formation of a new partnership to help provide internet access to 80% of Africa by 2030, up from 40% now
24.05 / 15:59
COST
Extreme
Gap
economy
Research
students
Colleges
Is a college diploma still worth it? Americans are split
While economic outcomes for young adults have improved over the past decade, including those without a college degree, there’s an ongoing debate on the value of a four-year college education, according to a recent survey by the Pew Research Center.
24.05 / 15:29
Manufacturing
economy
Food
wellness
Trade
performer
country
Normal rains, stable food prices to firewall India, says finance ministry review
NEW DELHI:The Union finance ministry on Friday exuded confidence about India's economic resilience, amid global conflicts and commodity price spikes. Positive indications in the farm sector like the prediction of a normal monsoon and stabilizing food prices will help the country “firewall against any adverse pressures" from such external factors in the coming months, the ministry's monthly economic review said.The April review by the ministry's Department of Economic Affairs said that while a normal monsoon will stabilize food prices, strong macroeconomic buffers will help the economy navigate external headwinds smoothly and continue the growth momentum of the previous fiscal year (FY24).According to government estimates, India is expected to report a GDP (gross domestic product) growth of at least 7.6% during FY24, which would be the fastest in any major global economy.
24.05 / 15:29
UPS
security
economy
Align
Sustainability
country
prevention
Preserving Prosperity: How India’s UHNWIs are securing their future generations
As India’s economy grows, the population of ultra-high-net-worth individuals (UHNWIs) — those with a net worth exceeding $30 million — is projected to surge by 58.4%, from 12,069 in 2022 to 19,119 by 2027. UHNWIs, who often have assets in multiple countries, face intricate financial and family situations. Due to complex asset portfolios and the need for strategic legacy planning, estate planning is becoming particularly crucial for UHNWIs for the following reasons:
24.05 / 14:55
COST
Target
economy
Trade
Features
Fed's Waller ponders future path of underlying interest rates
Federal Reserve Governor Christopher Waller said on Friday it's possible that a key underlying interest rate that influences the potency of monetary policy may rise in the future after years of declines, but it's too soon to say if that will happen. «There has been a lot of debate during the past year as to whether or not 'R-star' has increased,» Waller said in a speech to the Reykjavik Economic Conference in Iceland.
24.05 / 13:47
security
economy
Trade
track
country
Investigations
International
How global trade is undergoing combative transformation
The world’s three dominant economies are entering a combative phase that threatens to deepen fractures and challenges decades of free-market orthodoxy as the US uses trade weapons borrowed from China’s playbook, leaving Europe with big decisions to make.
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