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Dow topped 40,000 for the first time on Thursday in an all-time high, giving U.S. President Joe Biden an opening to prove his Republican election rival's 2020 predictions wrong. The state of the U.S. economy looms as one of the larger factors weighing on the Democratic president's bid for reelection. Persistently high prices have hindered Biden's efforts to win credit from voters for his handling of the economy, although inflation in recent months has been easing.

economic growth performance and has become an alternative investment destination for many western companies as «less and less» foreign investment is going into China, an expert at the UN said as the global body revised upwards the Indian GDP growth for 2024. «India is also benefiting from more investments coming into India from other western sources as less and less foreign investment is going into China, western investment is going into China. India has become an alternative investment source or destination for many western companies. I think that is also benefiting India,» Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs (UN DESA), Hamid Rashid, told reporters here Thursday. He was briefing on the mid-year update of the World Economic Situation and Prospects 2024 that has revised upwards India's growth projections for 2024, with the country's economy now forecast to expand by close to seven per cent this year.

U.S. Federal Reserve good news on two fronts but policymakers haven't openly shifted views yet about the timing of rate cuts investors are convinced will start this year. Comments from Fed officials including the vice chair of the rate-setting Federal Open Market Committee, New York Fed President John Williams, acknowledged the positive turn this week when U.S. government agencies reported that consumer prices rose more slowly than expected in April, and that retail spending had not increased at all during the month in a possible sign consumers are pulling back.

Indian Express, Minister Hardeep Puri revealed that Prime Minister Narendra Modi and the BJP's claim that the NDA would win over 400 seats was based on arithmetic the minister has adhered to since the 2019 Lok Sabha poll win. When Puri was asked why the BJP is seeking "400 par" this time, the Union minister said that ahead of the 2019 Lok Sabha elections, Union Home Minister Amit Shah had asked him to "undertake a granular analysis of central schemes and the beneficiaries". Upon doing the same, Hardeep Puri concluded that there were "22 crore" beneficiaries.

Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined

Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing

The Dow Jones Industrial Average topped the 40,000 level for the first time, as U.S. stocks drift around their records

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced

MSME lender Kinara Capital on Thursday reported its FY24 results, marking the ninth consecutive year of profitability. The company said it closed the previous fiscal year with profit after tax (PAT) of Rs 62 crore, registering a 51 per cent growth from FY23.

U.S. import prices increased 0.9% last month, a jump that raised market fears that the Federal Reserve's fight to tame inflation is not done and could delay plans for policymakers to cut interest rates. The market also was grappling with a drop in the number of Americans filing new claims for

remittances peaked till the election year and then slowed down. India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances. What are inward remittances? They are money sent by an Indian who is residing overseas to their families back home for their daily maintenance. In India, in terms of data, it is reflected in “ private transfers” in the balance of payments and is a major source of foreign currency resources for any economy.

Measuring a country’s growth can be contentious.

By Jessica Brandon-Jepp

and otherCentral Bank purchases are the key drivers of gold prices. Demand in India has remained resilient despite higher prices. These two countries together account for approximately half of the global physical demand.

offers a smart lock screen platform for Android-based smartphones. Tewari, who refers to the lock screens as "surfaces", is "aiming to build a 'surface economy' by promoting consumption of the internet in a very different way", which he describes as 'app-less' consumption".

₹258 and ₹272. Also Read: Go Digit IPO day 2: GMP, subscription status, price to review. Should you apply to this Virushka-backed IPO? The Go Digit General Insurance IPO consists of an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and other selling shareholders, together with a fresh issue of ₹1,125 crore.

₹209, China Mobile's Arpu is about ₹550. However, before investors get excited about Airtel’s Arpu catching up, they should note the significant difference in per capita income. In 2023, China’s per capita income stands at $12,500, nearly five times that of India, driven by the size of its economy.

demat accounts and robust inflows into mutual funds. Millennials, in particular, are actively investing in equities, mutual funds and ETFs. This robust participation has been a key factor behind the unprecedented surge in Indian equities in recent years.

“Phases of strong economic growth have seen healthy stock returns in the mid cap and small cap categories,” says Hitesh Zaveri, SVP & Head, Listed Equity Alternatives, Axis AMC. In an interview with ETMarkets, Zaveri who manages more than Rs 1600 cr said: “The Indian economy is currently in a multi-year high growth phase with growth being broad-based across sectors,”. Edited excerpts: Please take us through the investment philosophy of Axis Brand Equity Portfolio and Axis Core & Satellite portfolio? Hitesh Zaveri: Axis Brand Equity and Core & Satellite are both multi-cap strategies. Axis Brand Equity Portfolio invests in companies where Brands are an important factor for their customers/ clients.

Bitcoin’s price surged by 7.50% to $66,350 amid the latest U.S. inflation data release. The U.S. consumer price index (CPI) rose by 0.3% in April, down from 0.4% in March and February.

Bureau of Labor Statistics said it inadvertently released Consumer Price Index data 30 minutes early on Wednesday. “In advance of today’s CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior to the release,” BLS said in a statement posted on its website Wednesday evening.