Economy Financial News

₹100 crore by 2036—a momentous year for Odisha as it will complete 100 years of statehood. India ranks among the world’s top three countries assessed in terms of startup ecosystems, and is expected to see a consistent year-on-year growth of 12-15%. India’s youthful demographic advantage serves as a fertile ground for startups.

interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a reduction in the repo rate by a quarter point and a shift in monetary stance to neutral from withdrawal of accommodation, said the economy is not overheating and the MPC needs to send a signal it is living up to its dual mandate on inflation and growth. “Inflation is projected to average 4.5% in 2024-25, and, therefore, the current policy rate of 6.5% translates into a real rate of 2%,’’ Varma wrote in the minutes of the meeting of the last policy review. “The time has come for the MPC to send a clear signal that it takes its dual mandate of inflation and growth seriously, and that it would not maintain a real interest rate that is significantly more than what is needed to achieve its target.’’ But the members from the central bank led by the governor are a lot more cautious given that behaviour of inflation in the past have caught policy makers on the wrong foot.

There is a large literature on the varieties of capitalism seen around the world. In their Introduction to the much-cited volume on Varieties of Capitalism (Oxford University Press, UK, 2001), Hall and Soskice classified capitalist countries into two broad groups: Liberal market economies (LMEs) such as the US, UK, Canada, Australia, New Zealand, and coordinated market economies (CMEs) such as Germany, France, Japan, Sweden and Austria. In LMEs, firms coordinate their interaction with each other and other stakeholders through hierarchies and the market.

'Fox & Friends' co-host Lawrence Jones speaks to a business owner at the Golden Egg diner in Surfside Beach, South Carolina.

By Philip Blenkinsop

The escalating risk of a direct military confrontation between the US and Iran is hitting the Middle Eastern country's economy hard: its currency the rial has been tumbling against the US dollar in recent months. 

The nation’s market, currently the world’s fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%, leaving ample scope for foreigners to ramp up investments, analysts including Mahesh Nandurkar and Chris Wood wrote in a Feb. 21 note.

The market has been dominated by the magnificent 7, driving key indexes upward in 2023 and 2024. Meanwhile, smaller asset classes, such as small and mid-caps, have struggled due to the high interest-rate environment.

Investing.com — The U.S. dollar retreated in early European trade Thursday, with risk sentiment boosted by Nvidia’s stellar earnings, with traders awaiting the release of key business activity surveys for clues of the health of the global economy.

Investing.com — European stock markets rose Thursday, continuing the Nvidia-inspired global surge as investors digested more earnings reports ahead of important regional business activity data. 

NEW DELHI : The Indian economy, which expanded at a four-month high in January, continued to strengthen in February, seeing accelerations in both manufacturing and services sectors during the month. While services sector output climbed to a seven-month high in February, manufacturing sector output reached a five-month high, firming India’s position as one of the fastest-growing major economies.

Narendra Modi said on Thursday while addressing farmers at the golden jubilee celebrations of the Gujarat Cooperative Milk Marketing Federation in Ahmedabad. «We are leaving no stone unturned to ensure farmer welfare. The government has built 60,000+ Amrit Sarovars across the country. This initiative will not only benefit farmers but will also strengthen the rural economy. Our goal is to provide modern technology and its know-how even to the small farmers of the country,» PM Modi said. «Our focus is to improve the life of small farmers, to increase the scope of animal husbandry, to improve the health of animals, to encourage animal husbandry as well as pisciculture and beekeeping in the village,» PM Modi.

Alberta Premier Danielle Smith promised not to cut spending this year in a pre-budget speech on Wednesday but said the province still needs to show more restraint than previously expected.

By Anant Chandak

Investing.com-- Gold prices rose slightly in Asian trade on Thursday, but remained largely within a recent trading range as a slew of signals from the Federal Reserve reiterated the prospect of higher-for-longer U.S. interest rates.

By Nick Carey

₹814 per share during today's trading session, amid a strong surge in volumes, marks the end of the stock's two-day decline. By 10:15 a.m., a total of 3.2 lakh shares were traded on both the NSE and BSE.

China's parliament approaches next month, its leaders are facing the greatest pressure in almost a decade to take bold policy decisions that safeguard the economy's long-term growth potential. The start of the year saw Chinese stocks tumbling to five-year lows on growth concerns and deflation deepening to levels unseen since the global financial crisis, prompting comparisons with the 2015 turmoil that forced policymakers into action.

Supportive global geopolitics: As per the brokerage India has a vibrant democracy with 57 national/regional parties. The upcoming national elections in Apr/May’24 will have 1bn eligible voters. Successive governments have adopted consistent growth & external relations policies.

Graphite India and HEG share prices rose more than 6% in morning trades on Thursday. The share prices already have already risen 68-78% in a year as both stocks scaled 52-week highs in first week of the current month. Graphite India and HEG ltd though are seeing volume growth as was visible in their quarterly performance during December quarter, all eyes are on the improvement in operating performance that can lift their earnings.

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Thursday. The price of 24 carat gold in Delhi is Rs.6319.2 per gm, a decrease of Rs.3.0, while the cost of 22 carat gold is Rs.5788.3 per gm, down by Rs.4.0. The price change in 24 carat gold over the last week has been -2.17%, whereas in the last month it has shown a decrease of -0.05%.