Economy Financial News

21.05 / 12:57

markets Provident Maxim security Strategy economy information Financial Navigating Financial Strategy in Real Estate: Building wealth and managing risk in Indian economy

With the Indian economy on a robust growth trajectory, buoyed by record-high forex reserves, stable inflation rates, and a burgeoning middle class with increased purchasing power, the real estate sector stands out as a lucrative avenue for investors seeking substantial returns. With the rapid digitalization of the Indian economy, technological advancements have revolutionized the real estate industry, making investment processes more efficient and accessible.

21.05 / 12:57

markets FIVE Ripple economy Election performer PM Modi gives big clue to investors: After June 4, Indian markets will be…

As speculation over the BJP-led NDA’s seats in the ongoing Lok Sabha polls ripples through financial market corridors, Prime Minister Narendra Modi has indicated that the Indian stock market will break all its previous records and participants will be tired of managing the rush after June 4 election results.

21.05 / 12:57

markets Assurant Mobile economy Sustainability Experts information In-depth: RBI warning to NBFCs on algo lending sparks concerns among MSME lenders?

Lack of access to affordable bank credit for MSMEs has remained a perennial issue for not just the entrepreneurs but also for lenders and the government alike to bring businesses in the informal economy into the formal fold. Poor credit access emanates from the lack of collateral with MSMEs to pledge against the credit. To tide over this challenge, over the past few years, banks and non-banking financial companies (NBFCs) have been gradually integrating historical data of MSMEs including GST filings, cash flow information, and more to underwrite business or working capital loans to them.

21.05 / 12:33

Cooper economy War prevention International America hits the global snooze button

“This is 1938," historian Timothy Snyder said at a weekend conference in Estonia. He warned that a Ukrainian defeat would shift the calendar to 1939. Many Americans still don’t fully grasp how serious the international situation has become.

21.05 / 12:33

JPMorgan economy Election community wellness show travelers Customers JPMorgan’s consumer business is doing great. Its customers are just OK

The US’s biggest bank says its consumer customers are healthy and stable. But doing well from a bank’s point of view might not be the same as how a customer sees it.

21.05 / 12:09

markets UPS Citi economy Sustainability Research reports Household savings likely revived in FY24: Crisil

household savings in FY24 after falling to their lowest level in FY23, Crisil said in its report released Tuesday. “Bank deposits, which constitute the largest chunk of gross financial savings, grew 13.5% in FY2024, compared with 9.6% in the previous year,” it said. Moreover, Crisil noted that mutual fund investments rose further in FY24, and even a continued rise in equity market returns may have attracted more retail investors.

21.05 / 11:52

markets economy Universities Financial What does financial success look like to the average American?

Success is one of those words that is often considered to have a universal meaning but is actually quite personal. But what about financial success?

21.05 / 11:52

Target economy Sustainability Nov Universities reports This Week: Home sales, Fed meeting minutes and consumer sentiment index

The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday

21.05 / 11:41

UPS Manufacturing economy Research shooting reports India's Q4 GDP growth expected to moderate to 6.7%, says rating agency ICRA

Indian economy's report card moving away from the red: Mint tracker "For the full-year FY24, ICRA expects the GDP and GVA growth to print at 7.8% and 7%, respectively, unless the growth for 9M FY2024 (April-December 2024) is revised," it added. Senior government officials said the divergence in GDP and GVA data during Q3 could be attributed to reduced fertiliser subsidy disbursements, suggesting the government hadn't fully disbursed these subsidies, leading to a disparity between GDP and GVA.

21.05 / 11:35

Extreme Manufacturing economy pandemic poverty International Extreme deprivation, once synonymous with India, is set to become extinct: RBI

economy is cognisant of the fact that the Indian economy is on the cusp of a long-awaited takeoff, the Reserve Bank of India on Tuesday said that extreme deprivation is set to become extinct. The central bank in its monthly bulletin noted that external agencies like International Monetary Fund and the World Bank have shown considerable appreciation for the dramatic reduction in poverty seen in recent decades. The World Bank has estimated that only 12.9 per cent of the Indian population lived on $2.15 per day at the height of the Covid-19 pandemic in 2021. $2.15 is the the global benchmark for extreme poverty.

21.05 / 09:31

markets UPS economy President consequences Equality America’s strong dollar: Would a Trump presidency weaken it?

The United States’ dollar has strengthened sharply in recent months, and against Asian currencies in particular. A rising crescendo of apocalyptic financial talk threatens to spook markets. The Japanese yen, for example, appears to be on the verge of collapse.

21.05 / 09:31

markets COST Action Strategy economy Election Trade Elections 2024: How to position your portfolio ahead of significant events

“There’s always been a market for people who pretend to know the future." —Charlie Munger Recently, social media has been inundated with inquiries from people seeking advice on how to position themselves in anticipation of significant events, such as trends emerging from the general election at 9.15am on 4 June, when India’s equity markets open for trade. Big events often create anxiety for most people regarding the decision to act or not. This response is quite natural and is part of human evolution.

21.05 / 08:19

markets Extreme economy Experts performer country innovations Expert view: It's a good time to enter the market; one can look at banking, defence, retail, says Hemant Sood of Findoc

Hemant Sood, the managing director of Findoc, is positive about the prospects of the Indian stock market. Sood says this could be a good time to enter the market and suggests buying on dips to average out the portfolio's overall performance. He adds that there is huge potential for a double-digit return this year, but this cannot be guaranteed due to overvaluation.

21.05 / 08:19

markets Provident MET economy RPG Photos 'Have you met next PM?' Industrialist Harsh Goenka makes a big statement

Mukesh Ambani, Harsh Goenka and Anand Mahindra's throwback pictures go viral One netizen asked Goenka whether he was planning to enter politics. "Harsh ji, if given the opportunity by Modi ji, would you be interested in going to Rajya Sabha?". "Character should be assessed by observing whom one meets and whom one avoids to meet," a user commented on Goenka's photo.

21.05 / 08:19

markets economy wellness Trade reports prevention Explained: What's driving the ongoing uptrend in metal stocks?

Also Read: Copper prices hit all-time high to break March 2022 record; what's driving the rally? Copper on the LME has surged by 28% this year, while SHFE copper has increased by 25%. SHFE copper inventories remain low compared to the beginning of 2024, despite May typically being a period of strong copper demand in China. Nickel prices have also risen sharply, nearing $21,000 per ton in the previous trading session, marking their highest level since September 2023.

21.05 / 06:03

markets COST Digital economy innovations reports Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey

India’s small businesses last year. Among various costs, staff costs and materials were the costs that caused the most harm to small businesses in 2023, findings by global accounting body CPA Australia revealed in its latest survey. To cover increasing expenses and support business growth, many Indian small businesses sought external funds, the survey noted. “68% sought external funds last year, dropping 20 percentage points from 2022. However, reflecting strong growth expectations, 81% plan to access finance this year,” it stated. The survey, which collected views from 4,222 small businesses in 11 Asia-Pacific markets across Australia, Mainland China, and Malaysia, also included 505 respondents from India.

20.05 / 17:27

markets UPS economy Remark President track reports Higher inflation in 2024 likely: NABE

O'Leary Ventures Chair Kevin O'Leary discusses the outlook for the U.S. economy and stock market on «Kudlow.»

20.05 / 17:07

markets BLOCK Digital Action economy Bill country Competition Commission of India to soon bring new set of merger regulations

₹2,000 crore, even if the deal does not otherwise meet the asset and sales threshold for merger regulations. The amendments also said CCI has to make a first impression of a deal within 30 days, failing which it will be deemed to be approved. Kaur also explained that the emergence of new-age markets has led to a revamp in competition laws around the world, as digital economy adds to the complexities.

20.05 / 13:13

markets Target JPMorgan economy recommendations Morgan Stanley’s prominent bear turns bullish on US stocks

One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks.

20.05 / 10:41

COST UPS Fox economy President recommendations rights Inflation is up 20% since Biden took office

'Making Money' host Charles Payne argues inflation has not come down at all while President Biden has been in office.

20.05 / 07:43

Provident Citizens security economy Election Food NOT Welfarism: We’re not just beneficiaries but citizens and voters too

This story is possibly apocryphal, but nevertheless worth telling. Just after independence, Jawaharlal Nehru instructed his party workers to go to the masses in the hinterland and spread the good news. That the British had left, and we were a free nation now.

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