Economy Financial News

Indian bonds are likely to attract about $100 billion of foreign inflows in the coming years, lured by the global bond index inclusion, according to HSBC Asset Management.

agriculture sector in India rose from 28.75 per cent in 2009-10 to 37.1 per cent in 2019-20 of the total energy use, according to a new data yearbook by The Energy Research Institute (TERI). The total commercial energy input to agriculture rose from 1496 A 10^9 megajoules (MJ) in 2009-10 to 2050 A 10^9 MJ in 2019-20, it said. Both direct (electricity and fuel) and indirect (nitrogenous and phosphorus fertilisers, and pesticides) energy use in Indian agriculture have increased over the years.

Budget 2024 expectations: In anticipation of the upcoming Interim Budget 2024, Muthoot Finance highlights the importance of granting 'priority sector status' to gold loans and proposes the introduction of a 'Gold linked credit line via UPI' by NBFCs. George Alexander Muthoot, Managing Director of Muthoot Finance, in an email interview with Mint, has outlined key recommendations to leverage the idle gold holdings in Indian households.

Odisha will observe a holiday on Saturday, January 27th, on the occasion of the launch of a temple redevelopment project in Sambalpur, PTI reported, citing officials. According to officials, the decision was taken to give people enough time to join the inauguration of the Samaleswari Temple Area Management and Local Economy Initiatives (SAMALEI) project. Meanwhile, all government offices will also remain closed on that day, as it's the fourth Saturday of the month. Chief Minister Naveen Patnaik is set to inaugurate the hugely anticipated Rs 200 crore project, spread over an area of around 40 acres. Moreover, the initiative also includes works related to the beautification and peripheral development of the temple, a heritage corridor, and modern amenities, the officials added.

₹80,000 crore in current fiscal, while non tax revenue is also expected to exceed budget estimates by ₹50,000 crore. Similarly, expenditure may also exceed budget estimates by around ₹60,000 crore, economists said. Also Read: Cut deficit to 5.4% in FY25: Ind body to govt Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India believes gross tax revenue at 11.6% of GDP in FY24 is likely to be a 16 year high.

India topped the chart for the 10th straight month with the best PMI reading, top-notch stock market performance, and strong exports growth. China climbed two spots to reach No.

Narendra Modi while addressing the first-time voters on National Voters' Day on Thursday said that the family-run parties never allow other youngsters to move ahead. Here are the top ten updates from his address to the new voters. 1.

'The Claman Countdown' panelists Simeon Hyman and John Lonski break down the Federal Reserve's favorite inflation number.

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

BEIJING — Expectations for more support from China to boost its economy and stock markets are rising— especially after the central bank's easing announcements on Wednesday.

I suppose it is tempting, if the only tool you have is hammer, to treat everything as if it were a nail" – Abraham Maslow

cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill.

India in the last 12-18 months, Bain Capital, is on track to invest up to $10 billion in the next 3-5 years, according to one of its top executives. «India's time has come both due to its own internal development and hard work of structural improvements over the years,» said David Gross-Loh, managing partner, Asia, Bain Capital.

companies surged on Wednesday as China's move to prop up its economy is seen boosting demand and prices of metals, but experts remain skeptical of this rally sustaining till there are definitive signs of stronger growth in the world's second-largest economy.

Wall Street ended mixed after strong gains for Netflix and some influential technology stocks helped offset losses across much of the U.S. stock market

A liquor store has opened in Saudi Arabia for the first time in over 70 years

CSX's fourth-quarter profit slipped 13%, but the railroad reported hauled slightly more freight and kept its trains running smoothly

Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce

China's central bank plans to reduce the ratio of reserves banks must keep on hold as part of a slew of measures to support its slowing economy

Canada may not be in a recession right now, but it is likely to enter one very soon and that will prompt the Bank of Canada to cut interest rates, economists at Desjardins Group say.

The Bank of Canada held its benchmark interest rate at five per cent for the fourth consecutive time on Jan. 24. Here’s what economists, who widely expected the bank to hold, had to say about the announcement and when Canadians can expect a rate cut from the central bank.