Economy Financial News

KKR vs RR IPL 2024: Yuzvendra Chahal is already the leading wicket-taker in IPL history. He has taken 198 wickets so far in 151 matches. In his IPL career since 2013, he has taken a wicket in every 16.69 balls that he has bowled.

IPL match against Sunrisers Hyderabad (SRH) on April 15. He did not play the match because he had decided to take a temporary step back from IPL 2024. His decision follows a challenging start to the current season where he struggled with form, managing only 32 runs over six games with an average score of 5.33.

“The equity markets reaching record highs can be attributed to various factors, including the overall strength of the economy, corporate earnings, and investor sentiment. These characteristics have historically led to an increase in volatility,” says Vipul Bhowar, Director — Listed Investments, Waterfield Advisors. In an interview with ETMarkets, Bhowar said: “The market is expected to continue its growth in the next 12 months, with government spending likely to be the growth driver in the first half and investment growth re-accelerating, especially from the private side, in the second half,”. Edited excerpts: FY25 started on a good note, with benchmark indices hitting fresh record highs. How do you see markets panning out in the next 12 months? Will the momentum continue? Vipul Bhowar: The market is expected to continue its growth in the next 12 months, with government spending likely to be the growth driver in the first half and investment growth re-accelerating, especially from the private side, in the second half.

Middle East drove investors towards the safe-haven metal. FUNDAMENTALS

San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target. «The worst thing to do is act urgently when urgency is not required,» Daly said at the Stanford Institute for Economic Policy Research. Daly is one of 19 U.S. central bankers who set U.S. monetary policy.

China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 4.6% from a year earlier, compared to 5.2% in the previous three months.

Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter.

DISTILL CEO Neely Tamminga discusses whether the Fed has been restrictive enough to rein in inflation on Making Money.

Private equity (PE) investments in India’s real estate have been falling over the last five years, through a residential boom and recovery in the commercial office segment. While the number of deals has remained constant, the average deal size has shrunk. Mint explains why: The value of PE deals in real estate fell from $5.1 billion in FY20 to $3.7 billion in FY24, says Anarock Capital, the investment banking and advisory arm of Anarock Group.

Gold rate today: Israel-Iran war continues to fuel gold prices despite US dollar rate touching 34-year high against Yen The dollar experienced a 0.1 per cent uptick, while 10-year Treasury yields reached a five-month peak. These movements were spurred by data indicating that U.S. retail sales surpassed expectations in March, providing further evidence of a robust end to the first quarter for the economy.

ALSO READ: SRH vs RCB IPL 2024: Sunrisers break their own record, score 287 runs in 20 overs However, both Siraj and Maxwell have not been effective in this IPL. While Siraj has picked just 4 wickets in 6 matches at an economy rate of 10.41, Maxwell has scored just 32 runs in 6 innings and with the ball he has claimed four wickets. Speaking about Maxwell's batting approach, Indian cricket legend Sunil Gavaskar pointed out his weakness.

70 hours a week. We at Wakefit have been following this debate for a while now. With the start of a new financial year and appraisal season in top gear, today seems to be a good time to share our views.

The European Union and UK have been world leaders for implementing policy to promote clean energy technologies, but their crown is starting to slip.

MUMBAI : Gazing down at Bengaluru from the top of the iconic Cafe Coffee Day building, known as the Square, one can sense the emerging power in India’s real estate market. Owned by Strata, the country's largest fractional real estate platform, the building symbolizes a major shift in property investments. Propelled by the concept of fractional ownership, Strata has rapidly grown to a formidable ₹1,800 crore in assets under management in just four years.

Amundi, Europe's largest asset manager, said on Monday that equities in India and emerging markets outside China will offer the most appealing returns in the coming 10 years, with U.S. stocks overall likely to lag. In a note on 10-year expected returns, Amundi said it has downgraded its predictions on U.S. market returns given that investors have now fully priced in growth expectations, especially in mega cap stocks.

In a dreadful moment for the world, Iran fired hundreds of drones and missiles at Israel on Saturday, although about 99% were claimed to have been intercepted by Israeli and allied forces, with losses kept down by an iron dome to damage of an army base and a child’s injury. Tehran had retaliated against Israel’s strike on its consulate in Syria and its United Nations message was that the “matter can be deemed concluded".

The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer.

₹6,200 crore from ₹4,645 crore in 2023-24 (budget estimate). Similarly, the allocation for the Modified Programme for Development of Semiconductors and display manufacturing ecosystem was more than doubled to ₹6,903 crore for 2024-25 (BE) from ₹3,000 crore in 2023-24 (BE).

Edited excerpts: The economy has been prudently managed and is well placed cyclically, i.e. demand is picking up and there is spare capacity available to meet that demand. This means output (gross domestic product) and, consequently earnings growth, is likely to be healthy over the next 2-3 years.

A series of weak auctions for U.S. Treasurys are stoking investors’ concerns that markets will struggle to absorb an incoming rush of government debt. A selloff sparked by a hotter-than-expected inflation report intensified this past week after lackluster demand for a $39 billion sale of 10-year Treasurys.

It has been two years since forecasters felt this good about the economic outlook. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the chances of a recession within the next year to 29% from 39% in the January survey. That was the lowest probability since April 2022, when the chances of a recession were set at 28%.