Economy Financial News

In the always-changing world of industrial real estate, location is the first thing among the most important things to consider. Besides geographical coordinates, the industrial hub’s performance greatly depends on how it is networked to the largest transport systems. Chandigarh Tricity (Chandigarh-Mohali-Panchkula) has become the foremost site of recent developments as it demonstrates how proper infrastructure implementation can stimulate growth in industrial real estate area.

By Natalie Grover

Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized — and potentially uncomfortable — election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts. Rate cuts will also invite critics — Republican challenger Donald Trump chief among them — to argue an agency set up to be an independent monetary authority is tipping the political scales toward Biden.

Also Read: Will the rise in crude oil prices impact the markets in the near term? Moreover, the recent surge in geopolitical tensions has further propelled oil prices upward. Notably, Ukraine's launch of drone attacks on Russian oil refineries, including Lukoil Nizhny, Rosneft Ryazan, and Surgut Kirishi, has caused partial shutdowns.

Ahmedabad Municipal Corporation (AMC) has announced the establishment of a 300-tonne-per-day solid waste to steam plant in Ahmedabad, operating under the Public-Private Partnership (PPP) model. The plant, to be constructed by Surat-based Steamhouse India on a 5-acre plot at the Pirana Waste dumping site, is set to significantly reduce environmental pollution by decreasing reliance on fossil fuels. Ahmedabad, the seventh largest metropolis in India, produces approximately 4,000 metric tonnes of solid waste daily. The shift towards sustainable waste management is crucial due to the adverse effects of organic waste decomposition in landfills, which release harmful greenhouse gases contributing to climate change, and the health hazards posed by toxic substances from various waste types to nearby communities, a spokesperson from the Ahmedabad Municipal Corporation explained. Utilizing waste to steam (WTS) technology, the project aims to establish a circular economy by utilizing Refuse Derived Fuel (RDF). This German technology, making its debut in India, offers numerous benefits, including reduced environmental impact, low operational costs, and efficient resource utilization. Additionally, the project is anticipated to provide a more cost-effective solution for steam generation, with capital expenditure projected to be 70 percent lower compared to conventional waste to energy plants, according to the AMC.

California's unemployment rate is now the highest in the country

Louisiana crawfish are in demand despite a shortage of the mudbugs driven by last summer’s drought, extreme heat, saltwater intrusion on the Mississippi River and a hard winter freeze

The Conference Board on Tuesday issues its consumer confidence index for March; on Wednesday workplace uniform company Cintas reports its latest earnings and on Thursday the National Association of Realtors releases its pending home sales report for Fe...

Kentucky lawmakers have wrapped up work on a bill meant to help attract nuclear energy projects to a state where coal has been king for generations

job advertisement in China seeking cashiers aged 18 to 30 at a grocery store has ignited debate on social media about the perils of «middle-age unemployment», amid a scramble to fill jobs across age groups and energise a sluggish economy. With tens of millions of college graduates set to join the workforce in the next few years, the nation of 1.4 billion is grappling with the threat of high youth unemployment, but people over 30 also face unrelenting pressure in finding jobs.

China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia's largest economy moves to upgrade and strengthen its industrial chains. «China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China with confidence and peace of mind,» Vice Commerce Minister Guo Tingting said at the China Development Forum in Beijing. Guo did not give details about how China would guarantee «national treatment», or the equal treatment of locals and foreigners as per World Trade Organization (WTO) principles.

Methodology note: The tracker is a monthly summary of economic activity across nine large emerging markets based on seven high-frequency indicators: real GDP growth, manufacturing PMI, export growth, retail inflation, import cover, exchange rate movement, and stock market capitalization. Latest available data is used. On each indicator, the best-performing economy gets a score of 100, the worst one gets zero, and the others get linearly-interpolated relative scores. A country's composite index score is the simple average of its seven indicator scores. Earlier, the tracker had a 10th country, Russia, but it has been dropped temporarily as some data has not been reliably available since the Ukraine war began.

Asian equities traded within narrow ranges early Monday as investors looked ahead to a busy week of economic data including the Federal Reserve’s preferred inflation gauge. China’s currency pared some of Friday’s losses following support by authorities. Shares in Australia and Hong Kong edged higher, while those in Japan and mainland China slipped. US equity futures were little changed after a muted end to the week on Wall Street with the S&P 500 declining 0.1% and the Nasdaq index rising by the same margin on Friday.

Fox News senior national correspondent William La Jeunesse reports on proposed changes to California's electric bills on 'Special Report.'

Moon Train." Spearheaded by aerospace giant Northrop Grumman and supported by the US Department of Defence, this visionary endeavor aims to facilitate the seamless transportation of both goods and people across the lunar surface, heralding a new era of human presence and economic activity beyond Earth, as per a report by The Sun.

Congress MP Naveen Jindal on Sunday joined the Bhartiya Janata Party. He had announced his resignation from Congress on social media platform X, a short while ago. After joining the BJP, Jindal said, «Today is a very important day of my life. I am proud that I joined the BJP today and I will be able to serve the nation under the leadership of PM Modi. I want to contribute to the 'Viksit Bharat' dream of PM Modi.» He joined the BJP in the presence of its general secretary Vinod Tawde, who said Jindal's presence in the party will help the government's agenda of boosting the country's economy and prosperity.

By Colleen Howe and Jing Xu

By Lewis Krauskopf

₹35,011 cr and ₹31,195 cr dated 19th March. Furthermore, buying activity has persisted throughout this week, suggesting that institutional investors do not perceive any significant concerns regarding the fallout of domestic momentum. This trend may be linked to the fact that most corrections have targeted Mid & Smallcaps.

gold in the last one week has been -1.93%, whereas in the last month it has been -5.87%. The cost of silver is Rs.76500.0 per kg Gold Rate Today in Delhi is ₹67991.0/10 grams. Yesterday’s Gold Rate on 23-03-2024 was ₹67985.0/10 grams, and last week’s gold rate on 18-03-2024 was ₹66674.0/10 grams.

World Economic Forum (WEF) official said. The Centre for Fourth Industrial Revolution (C4IR), a platform of the WEF, launched the space technology programme in India last week to forge global collaborations among various stakeholders as the private space sector takes wings in the country. «India is seen as a role model, a lighthouse for smaller, aspiring space nations, which also look to India for support. This is something the WEF would like to facilitate, an exchange between large and emerging space nations in the interest of growing the space sector overall in an inclusive and responsible manner,» Sebastian Buckup, member, Executive Committee, C4IR told PTI in an interview. He said there was immense interest among entrepreneurs keen on leveraging the space sector.