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dollar dropped from three-week peaks on Friday in choppy trading after data showed the U.S. services sector slumped in December, negating gains posted after a report showing higher-than-expected nonfarm payrolls last month. The Institute for Supply Management (ISM) said its non-manufacturing index fell to 50.6 last month, the lowest reading since May, from 52.7 in November.

debt, gold or real estate which asset classes are likely to outperform in 2024, is a question most investors are looking for an answer. This becomes important for investors to give a final shape to their asset mix decision so that their investment portfolio not only delivers good return but also becomes secure enough to deal with any volatility or adverse market movements.

₹171.79 trillion against the provisional estimate of ₹160.06 trillion for FY23 released in May last year. The ministry estimates nominal GDP growth of 8.9% in FY24, lower than the 10.5% estimated in the union budget for this year. However, some economists expect India’s full-year economic growth to range closer to the RBI’s forecast of 7%, as government expenditure, which was high during the first eight months of the ongoing fiscal, is expected to slow down in the last quarter.

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

₹1 lakh for farm-sector registrations, ₹27 lakh for new manufacturing units and ₹4.2 lakh on average for services firms, indicating the small size of the new firms. More than 13,300 firms were formed in November, the shares of which were sold to investors for ₹1,232 crore, showed the ministry’s data.

By Lucia Mutikani

Investing.com -- The U.S. economy added far more jobs than expected in December, according to a new labor market report that could impact how Federal Reserve policymakers approach potential interest rate cuts this year.

Workplace expert Andy Challenger on why CEOs have left and how this has impacted companies

The United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters

The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates

India’s foreign minister has concluded a two-day trip to Nepal during which he signed an agreement to increase the amount of electricity India imports from its neighbor

Asian shares are mostly lower after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar

Inflation is on the rebound in Europe

Wall Street is drifting higher after reports showed the job market remains solid, but key parts of the economy still don’t look like they’re overheating

U.S. job growth picked up in December and wage gains exceeded expectations, diminishing prospects for an imminent Federal Reserve interest-rate cut.

By John Kemp

The Indian economy grew 7.7% in the year's first half, prompting economists to revise their growth forecast upward, but the first advance estimates based on first eight months data, point to an even higher growth. The Reserve Bank of India had pegged growth at 7%, whereas the ET poll median suggested 6.7% growth. The government estimates highlight the economy may grow 6.9% in the year's second half, spurred by higher investment and manufacturing. “India’s GDP growth for FY24 as per FAE at 7.3% has come as a positive surprise. The stellar growth has been led by the manufacturing sector and construction sector, while there has been some moderation in the services sector growth,” said Rajani Sinha, chief economist, CareEdge. Investment rate, measured as gross fixed capital formation as a proportion of nominal GDP, is expected to rise to a nine-year high of 29.8% in FY24, compared with 29.2% in the previous year. Economists noted that the 10.3 % growth in gross fixed capital formation, a proxy for investment, in FY24 reflects the sustained focus of the government on capex. “This is more heartening because it has come on high base of FY23, whereby GFCF had grown 11.4% yoy,” said Sunil Kumar Sinha, principal economist and Paras Jasrai, senior analyst, India Ratings & Research.

Ayodhya has proved that they can actually be mutually inclusive. The Ram temple is not just about religion, but business and economy too. Addressing a public meeting in Ayodhya recently, Prime Minister Narendra Modi said that the campaign for making India a developed country is getting a new speed from Ayodhya.

NEW YORK (Reuters) — U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March.

Harris Financial Group managing partner Jamie Cox predicts the latest job report numbers will show signs of 'moderating.'

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election. The world's biggest economy added 216,000 jobs in the final month of 2023 despite expectations of a slowdown from the prior month, according to Department of Labor data.