Economy Financial News

The dollar index retreated on the last trading day of the previous week. This week, jobs data, along with statements from Fed President Powell, are set to determine the dollar's next move.

flat at $88 billion during April-January compared with the year-ago period. The total export value of petroleum products declined to $67.11 billion during the first 10 months of the fiscal year, down from $75.65 billion in the year-ago period.

Bond traders are laying down wagers hours ahead of key readings on the U.S. economy, a sign of confidence that they know how new data will shift markets. After the pandemic’s disruptions and the Federal Reserve’s fastest interest-rate hiking campaign in decades, many now feel like they know which way the central bank and the economy are generally headed.

Onramp Invest, the turnkey asset management platform dedicated to providing blockchain-based investments for RIAs, is giving advisors a new opening to invest in the world of cryptocurrencies.

Ramsey Solutions personality Jade Warshaw on younger generations living with their parents, 'buy now pay later' risks and how to best diversify stock allocation.

Investing.com -- Stock futures on Wall Street are mixed heading into a new trading week. Federal Reserve monetary policy will likely be a major focus for markets, particularly when the closely-watched February labor market report is released on Friday. Elsewhere, an investor group hikes its takeover offer for department store chain Macy’s (NYSE:M), while Super Micro Computer (NASDAQ:SMCI) is due to join the benchmark S&P 500 later this month.

consumer landscape is shifting in various ways which keeps retailers on toes. Recently released Household Consumption Expenditure Survey data showed Indians are spending less on food, particularly staples like rice and wheat, and more on discretionary items such as processed food, as well as durables like televisions and fridges. Already a premiumisation trend is sweeping across categories for the past few years. Charting out shifts in India's retail sector, a joint study by Boston Consulting Group (BCG) and Retailers Association of India (RAI) brings good news as well as bad news for Indian retailers. The good news is Indian retailers have a vast business growth opportunity to capture. India continues to be a bright spot among top global economies with a robust GDP growth of 7% in 2023. It is projected to overtake Germany & Japan to claim the 3rd spot by 2030. Private consumption at the same time remains strong. India retail is expected to reach $2 trillion in the next 10 years and presents a large opportunity for retailers, says the report titled 'Unlocking the $2Tn retail opportunity in the next decade'.

FMCG) companies exceeded pre-Covid levels for the first time in the December quarter, reflecting a push to spur demand amid a booming economy. Dabur, Colgate-Palmolive, Emami, Godrej Consumer Products, United Spirits, and Jyothy Labs have gone past levels of FY19, an ET study showed. Advertising and promotion (A&P) spending has been rising at Hindustan Unilever (HUL), India’s biggest consumer goods company, and Marico, but hasn’t crossed pre-COVID levels. The study covered the eight companies, which have consistently reported A&P data since FY18.

Jyotiraditya M. Scindia, addressed a gathering at the inauguration of India's first green hydrogen plant within the stainless steel sector in a landmark moment for India's industrial landscape. The inauguration ceremony marked a milestone in India's journey towards sustainable industrial practices, with the Jindal Stainless' Green Hydrogen project paving the way for a greener, eco-friendlier future. Speaking at the inauguration ceremony, Minister Scindia expressed his immense pleasure at inaugurating the first green hydrogen plant, which symbolizes the collaborative efforts of two innovative powerhouses, Jindal Stainless and Hygiene Co.

NEW DELHI : Rating agency Moody's on Monday raised its forecast for India's GDP growth in 2024, reflecting both global and domestic optimism in the country's economy on the back of robust manufacturing activity and infrastructure spending. "India’s economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%," the rating agency said in its Global Macro Outlook 2024-25.

The economy is looking up, and that’s a challenge for the Federal Reserve. The pandemic shock prompted excessive monetary and fiscal responses, generating inflation. The Fed responded with aggressive rate hikes that reduced inflation within reach of its 2% longer-run target.

LONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday.

Delhi Budget 2024 highlights: Delhi Finance Minster Atishi today presented the budget for the financial year 2024-25, centered around the concept of «Ram Rajya.» Delhi government is trying to realise the dream of Ram Rajya, Finance minister Atishi said in her maiden budget speech in Delhi assembly. Chief Minister Arvind Kejriwal had previously emphasized the principles of «Ram Rajya,» highlighting the government's efforts to improve the lives of Delhi residents through various initiatives. The AAP party sees «Ram Rajya» as a governance model that prioritizes the welfare of the poor, providing them with free and high-quality healthcare, education, and other essential services. Here are all the key highlights from Delhi Budget 2024:

Moody's on Monday raised India's GDP growth estimate to 6.8 per cent from 6.1 per cent for 2024. India's economic growth in the three months through December was much higher than most estimates. This was attributed to a sharp fall in key subsidies which provided a boost to GDP, reported Reuters, citing two government officials. India's economy grew 8.4 per cent during the October-December quarter, its fastest pace in one-and-half years, and much faster than the 6.6 per cent estimated by economists polled by Reuters.

Gold And Silver Prices Today: Gold prices witnessed a slight decrease on Monday. The price of 24 carat gold is Rs.6432.4 per gm, down by Rs.502.0. The price of 22 carat gold is Rs.5892.1 per gm, down by Rs.460.0.

MintGenie, Nayar said that SoftPOS technology transforms regular smartphones or tablets into payment terminals, eliminating the need for separate hardware. Payment service providers are utilizing the Open Network for Digital Commerce (ONDC) to streamline customer experiences by integrating with its infrastructure. Through ONDC, providers can access a standardized platform, facilitating interoperability among various digital commerce players.

NEW DELHI, MUMBAI : Latin America's largest lender Itau is looking to open a branch in India, two people aware of the development said. Representatives from Itaú Unibanco Holding SA's retail, wholesale and asset management divisions held preliminary talks with government officials in New Delhi and expressed their willingness to open shop in the country, the people cited above said on condition of anonymity. Foreign banks seeking to enter India need to secure approval from the Reserve Bank of India (RBI).

₹500 crore for local industries, particularly micro, small and medium businesses, in states such as Punjab and Haryana, and border areas of the National Capital Region (NCR). The disruption caused by the government’s road blockades has not only caused traffic issues but also hampered critical distribution networks, affecting the livelihoods of residents and commuters. India boasts a rich history of protests dating back to the Independence movement.

Investing.com-- Most Asian stocks fell slightly on Monday, weighed chiefly by caution ahead of China’s national congress for 2024, although a sustained rally in technology stocks saw Japanese markets make new highs.

Investing.com-- Adani Group is marketing a $409 million bond in potentially its first dollar debt sale after a damning short seller report last year, Bloomberg reported on Monday.

Investing.com-- Federal Reserve Chair Jerome Powell is likely to reiterate his hawkish stance on interest rates and inflation when testifying before Congress this week, analysts at ANZ Group said in a note on Monday.