Economy Financial News

23.01 / 18:36

UPS economy Continental Trade blues SOLIDARITY EAM Jaishankar says India 'betting on Africa's rise', seeks to take India-Nigeria ties to "higher level"

India-Nigeria ties to a «higher level,» External Affairs Minister S Jaishankar on Tuesday said India is «betting on Africa's rise» and the rebalancing and the multi-polarity of the world will not be complete until the continent takes its due place. Addressing the Nigeria-India Business Council (NIBC) here, the minister said the rebalancing and reordering of a new global order will only happen «when the core of it is economic… which is the rise of Africa has to be the economic rise of Africa.» The minister, who arrived in Nigeria on Sunday after attending the Non-Aligned Movement (NAM) Summit in Uganda, concluded his two-nation tour with an address to the NIBC.

23.01 / 18:27

Gap economy Election wellness trends country Women's political empowerment will enhance governance and boost the economy

India’s electoral landscape is set for a transformative gender shift. A gender gap in voter turnout still exists, although it has reduced considerably since the early years of Indian democracy.

23.01 / 18:01

markets UPS Target economy Trade reports Don't suddenly turn off the bourses

market closure on Monday during a trading week already shortened by Republic Day has raised eyebrows over India's business-friendly credentials. India's market capitalisation has overtaken that of Hong Kong, where a slump in valuations is being fed by China's weak economic prospects. In contrast, India offers global investors steadier and higher growth rates over a longer horizon.

23.01 / 17:55

markets economy Nikkei Trade show reports Asian stocks Stock market today: Asian stocks gain after Wall St's latest record. Bank of Japan keeps policy lax

Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact

23.01 / 17:55

markets UPS economy Trade reports Stock market today: Wall Street drifts near records as earnings reporting season heats up

Wall Street is hanging around its record heights as earnings reporting season for big U.S. companies gets going

23.01 / 17:31

Aware Gap economy Research Experts reports International India's statistics system has been a mess. The PMO is looking in.

The Prime Minister’s Office (PMO) has begun an important stock-taking of India’s statistical system in the wake of several controversies related to official surveys and estimates, according to two persons aware of the discussions in the government. Some of these controversies were around the reliability of growth estimates, delays in conducting some economic surveys and the census, comprehensiveness of sampling methods, and the gap in the number of covid-19 deaths estimated by India and the World Health Health Organization. Officials from the statistics and finance ministries are part of the effort led by PMO officials, one of the two persons said.

23.01 / 17:31

Gap economy wellness President Experts shock International The reliability of economic forecasts has been questioned again

Every economic crisis tends to also become a crisis in economics—as events throw an unsparing light on the gaps in our knowledge of how an economy works. It is not different this time round either. Christine Lagarde, a former managing director of the International Monetary Fund who is now president of the European Central Bank, did not pull any punches in a speech she delivered at the annual World Economic Forum jamboree at Davos this month.

23.01 / 17:19

markets COST UPS Fighting economy trends show Bank of Canada readies for its 1st rate decision of 2024. Here’s what to know

As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin.

23.01 / 17:19

COST Manufacturing economy Research show reports Headlines Canada hit technical recession in 2023, small business group forecasts

Canada’s economy hit a technical recession at the end of 2023 and will continue to struggle to grow in the new year, according to forecasts from the Canadian Federation of Independent Business.

23.01 / 17:12

economy Continental Trade President reports Traffic International Risk of EU prices rising, growth slowing from Red Sea attacks -EU trade chief

BRUSSELS (Reuters) — The European Union faces a risk of consumer prices surging and growth slowing due to disruptions to shipping through the Red Sea, though it has yet to feel an economic impact, a top EU official said on Tuesday.

23.01 / 14:47

markets Extreme economy wellness Trade show reports economic data Oil prices retreat on supply concerns; central banks, economic data in focus

Investing.com — Oil prices fell Tuesday, handing back early gains as worries over rising supply countered continued Middle East tensions.

23.01 / 14:43

Career economy awards performer testing International Naman Awards 2024: Mohammed Shami wins men's best international cricketer award

Mohammed Shami has been the backbone of India's pace in the past few years and successfully complemented Jasprit Bumrah in the team. In the ICC World Cup 2023, Mohammed Shami single-handedly decimated dangerous batting orders of the world and played a crucial role in taking India to the finals. In One Day International cricket, Mohammed Shami has wonderful numbers as the pacer clinched 195 wickets in 100 innings with best performance of 7/57.

23.01 / 14:43

COST economy Remark trends Department Net direct tax collection rises by 160% to ₹16,63,686 crore in 10 years

₹6,38,596 crore in 2013-14 to ₹16,63,686 crore in 2022-23. Official data further revealed that the income tax department is allocating increased resources to the collection of direct taxes, despite a substantial rise in the number of taxpayers. This trend suggests a growing reliance on advanced technology and enhanced compliance measures.

23.01 / 12:53

markets economy Discover Trade show country International 'Snowball' derivatives feed China's stock market avalanche

stock market is leading to losses on billions of dollars worth of derivatives linked to the country's equity indexes, fuelling further selling as retail investors offload their positions.

23.01 / 11:45

markets economy Parke country reports Indian economy set to hit $5 trillion by 2024-25; $10 trillion by 2030, says Hardeep Puri

GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian stock market. India's stock market capitalization crossed $4 trillion for the first time on December 5, 2023, with about half of that reportedly coming in the past four years.

23.01 / 10:57

markets UPS Citi CEO economy performer Hero MotoCorp to expand electric two-wheeler range; 3 e-scooters to be rolled out by next year

JAIPUR : With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said on Tuesday. The company, which unveiled its new performance bike MAVERICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. "In FY25, we will launch electric scooters in the mid-price segment and in the economy segment to extend our Vida range," Gupta said in an interaction on the sidelines of the Hero World 2024 event here.

23.01 / 10:57

Citi Extreme economy Align Metro President Diversity Budget 2024 expectations: Perks for first-time homebuyers, tax sops, industry status top real estate players' wish list

NAREDCO Maharashtra, emphasised the real estate industry's anticipation of transformative changes in the upcoming Budget 2024-25. He highlighted the sector's pivotal role in the economy and its significant employment contribution. Acknowledging past reforms, Runwal called for an increase in the interest rate deduction cap to ₹5 lakh and a redefinition of affordable housing, particularly in metro cities.

23.01 / 10:57

markets Target Strategy economy wellness Trade Financial strategies Budget 2024: Trading Strategies by Geojit Financial Services

Also read- Interim Budget 2024: 5 key things to watch out for Major public capex is unlikely as per Vijayakumar since the FM has to achieve the fiscal deficit target of 5.9 percent for FY24 targeted in the 2023 budget, . Also the massive public expenditure done through the budget provision last year has helped in triggering growth in the Indian economy. Therefore, the government’s priority would be to achieve fiscal discipline, added Vijayakumar.

23.01 / 10:13

UPS Waves Manufacturing economy wellness country Schools India has to work on the levers around capital absorption and capital flow incentivisation: Gokul Chaudhri

Gokul Chaudhri, Tax Leader,Deloitte India, says “the energy transition is going to be involving, let us say, the rollout of green bonds and green financing and so forth. And that will also bring in its own tax levers, because there will have to be an incentivisation around the entire green space as to how to enable the energy transitions to happen, including the PLI for a number of products that go into the green economy, plus also the incentivise around the green bonds. So there are a fair number of levers that India today has to enable that capital absorption as well as capital flow incentivisation.”

23.01 / 10:13

Provident economy cover innovations travelers Mantra Narayana Murthy, traveling in IndiGo economy class, gives a 'detachment mantra' to Bengaluru passenger, chat goes viral

Bengaluru IndiGo flight, a passenger experienced a surprise when Narayana Murthy, co-founder of Infosys, was found seated in the economy class. Despite his immense wealth, Murthy is renowned for his humble choice of travel.

23.01 / 09:03

UPS FIVE Career economy information testing Schools Mint Explainer: Why Indian schools continue to fail rural teens

Mint decodes the study and what it means for the Indian economy. The teens contacted for the study were given five tasks. For instance, they were asked to read basic text in their own language to test their ability to read it as sentences with ease and without making too many mistakes rather than as a string of words.

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