Economy Financial News

A parliamentary panel has suggested introducing a composite licence for insurance companies which will enable them to offer both life and non-life insurance products. Saikat Neogi explains how it will give insurers economies of scale and benefit customers at the same time

Jacob Anthony, New Delhi Sectoral mutual funds are equity funds that invest in a specific sector of the economy, such as banking, IT, pharma, infrastructure, etc. These funds aim to benefit from the growth potential and opportunities of the chosen sector. However, they also carry a higher risk as they are exposed to the fluctuations and challenges of that sector.

Narendra Modi gets set to outline its campaign themes for the upcoming Lok Sabha elections. From its elected panchayat heads to district presidents and Union ministers, the BJP's 'national council' meeting is going to be the ruling party's biggest organisational get-together in recent memory — an exercise aimed at galvanising its cadre for the polls. The meet — scheduled to start in the afternoon — will be preceded by a meeting of the party's national office-bearers, who will finalise some of the key agenda items for the convention. BJP chief JP Nadda will inaugurate the meeting and Modi will on Sunday deliver the valedictory address, a speech that is likely to draw the broader contours of the party's campaign and exhort its members to go all out to achieve his target for the party to win 370 seats in the elections.

NEW DELHI : JSW Steel Ltd, India’s largest steelmaker by capacity, will invest ₹65,000 crore in Odisha to set up one of its biggest manufacturing plants, adding to the country’s efforts to boost production of the alloy. The announcement comes close on the heels of the $23-billion JSW Group announcing a ₹40,000-crore investment in Odisha for an electric vehicle and a battery manufacturing unit, taking its investment in the state to more than ₹1 trillion. It has also announced a ₹5,500 crore investment in Karnataka.

NFRA) will initiate the first annual inspection of key audit firms-including the Big Five-latest by April, focussed on their processes and standards adopted, people aware of the regulator's thinking told ET. The regulator will also gauge the Big Five's compliance with the suggestions made in its December 2023 reports in which it had flagged deficiencies in their work processes, including on non-audit services that they provide to the same companies of which they are the statutory auditors, one of the persons said. It will select some other auditors as well for the inspections, based on certain «risk-based parameters» that it's finalising by using data analytics, ET has learnt.

Edited excerpts: So, first thing to say is we are at a historically high point and the bilateral relationship has never seen as much prospect and forward movement as we’ve right now. There are three underlying drivers that are driving this bilateral relationship. One, for the first time in our history, Australia and India have a very high level of strategic alignment.

Former Assistant Treasury Secretary Monica Crowley discusses the strain inflation is having on the middle and lower class on 'The Bottom Line.'

Indian economy a ‘bright spot’ while Japan, UK fall into technical recession: What this means for the global market? The Nifty-50 index remained relatively unchanged, while the Nifty Next-50 showcased robust performance, outpacing blue chips with a gain of 3.7%. Midcap 150 stocks surged by 4.7%, and Smallcap 250 stocks soared by an impressive 7.3%, according to insights report by Geojit. However, the Microcap 250 segment saw the most significant increase, with gains of 9.9%, indicating a broad-based rally across various market segments.

economic growth in India was projected to remain strong at 6.5 per cent in both 2024 and 2025. Also Read: IMF projects strong India growth in 2024, says global 'soft landing' in sight But what happened in Japan and the UK – both of which have long dominated as front-runners in the global economic landscape? And how could it affect the global market footprint in the near-term? Let's take a closer look: A recession is commonly defined a period of two consecutive quarters of contraction. Recessions may last as little as a few months, but the economy may not recover to its former peak for years.

Japan's economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany

Trading on Wall Street was mixed early as markets try to hold on to the thin gains made so far in what’s been an up-and-down week

Chancellor Olaf Scholz has welcomed an announcement by Microsoft that it would invest almost 3.3 billion euros, or about $3.5 billion, in Germany over the next two years to massively expand its data center capacities for applications in the field of ar...

In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad

Fewer Americans filed for jobless claims last week as the labor market continues to show resilience in the face of elevated interest rates

Stocks returned to record heights following some mixed reports on the economy

Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated

Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023

Shares in Asia are higher, with Japan's benchmark Nikkei 225 index approaching a record high

The British economy fell into recession at the end of 2023 as output shrank more than anticipated in the final three months of the year

The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season

By Elena Fabrichnaya and Alexander Marrow