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Adani Enterprises (down 27 per cent) and UPL (down 19 per cent) - in the red this year so far. Stocks such as Tata Motors and NTPC have surged 87 per cent and 82 per cent, respectively. As many as 27 Nifty 50 stocks have gained over 20 per cent while 40 stocks have gained over 10 per cent in the year so far.

decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country's oil and other sectors, as part of a deepening of decades-old ties. Angola said on Thursday it was leaving OPEC, effective from Jan. 1, following a row with the producer group over the size of its output quota.

White House on Friday said it was closely monitoring Houthi attacks on ships in the Red Sea, but did not expect the situation to have a significant impact on holiday prices or the availability of products. Lael Brainard, director of the White House National Economic Council, told reporters that the U.S. economy was proving resilient, with inflation having come down faster than even the more optimistic forecasts had indicated, the labor market rebounding, and growth remaining solid.

Argentina’s newly elected leader, Javier Miliei, has struck down forced legal tender laws forcing Argentinians to settle debt obligations in specific currencies, enabling use of alternatives like USD and Bitcoin (BTC).

MEXICO CITY (Reuters) — Mexico will review whether workers at a Fujikura auto parts plant in the northern border city of Piedras Negras were denied the right to choose their union after a U.S. request under a trilateral trade agreement, authorities said on Friday.

US Commerce Department will begin gathering information on Chinese production of legacy semiconductors chips that aren't cutting-edge but are still vital to the global economy as it looks to track how deeply reliant US companies have become on the technology from China. In January, the agency's Bureau of Industry and Security will survey more than 100 companies in autos, aerospace, defense and other sectors to understand how they procure and use legacy chips, according to a Commerce official.

By Ann Saphir

why one is doing much better than the other. This is not a story of a startup, but a well-established and highly regulated insurance company that started rejecting claims of its customers on flimsy grounds. Star Health is a top health insurance provider in India.

By Lucia Mutikani

NEW DELHI : Tata Group-backed Air India is set to induct the first of the 470 aircraft it had ordered, with the Airbus A350 expected to arrive at Delhi airport Saturday morning, people aware of the development told Mint. Air India received regulatory approvals for engineering line maintenance of the A350 aircraft from the Directorate General of Civil Aviation earlier this month. “The aircraft will be put into commercial domestic flight operations for metro-to-metro connectivity by the end of January as it will take at least 3-4 weeks since its arrival in India to complete extensive checks and approvals," an Air India official said.

Investing.com — The main indices point toward a weaker open on Wall Street, amid a degree of caution ahead of the release of key U.S. inflation numbers. A weak outlook from sporting retail giant Nike also weighed, although a continuation of the year-end rally with weekly gains still looked likely. The news in the U.K. was less impressive, as its economy retreated in the third quarter, opening up the possibility of a recession to end the year.

UBS technical analysts have a bearish outlook on equities for the first half of the next year, although they expect to see a buying opportunity moving in the third quarter (Q3) as part of the next regular 4-year cycle bottom.

It is one of the first statistics you will encounter in an economics class. Gross domestic product per capita, the size of the economy divided by population, is the go-to data point for comparing living standards and prosperity across countries and over time. Yet as the world ages, GDP per capita is becoming less useful.

rupee posted its biggest weekly loss in over two months, even as it closed stronger on Friday tracking a rise in its Asian peers and aided by dollar sales from large foreign banks. The rupee ended at 83.14 against the U.S. dollar, compared to its previous close at 83.2775. The rupee's gains on Friday were aided by dollar sales from two large foreign banks, likely on behalf of custodian clients, a foreign exchange at a private bank said. For the week, however, the currency declined 0.16%, its worst week since Oct.

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Sonam Udasi, Senior Fund Manager at Tata Mutual Fund expects the Budget 2024 to continue on its stated path of fiscal deficit targets. Moreover, Udasi does not expect a populist budget ahead of the General Elections 2024. In an interview with Mint, Udasi shared his views on markets and the rise of retail investors.

jewellery consumption growth (in value terms) for FY2024 to from 8-10% estimated earlier, according to ICRA's revised estimate. The revised growth is primarily driven by the rise in gold prices.

global conflict looms large, fuelled by ideological divisions, resource scarcity and climate change, said Chief of Air Staff, Air Chief Marshal Vivek Ram Chaudhari on Friday. The Air Chief was speaking on India and Global South at the 20th Subroto Mukherjee Seminar organized at Manekshaw Centre. The Air Chief said that the landscape of international relations is constantly shifting and traditional power structures are increasingly being challenged by new players and the threat of global conflict looms large, fuelled by ideological divisions, resource scarcity and climate change which has created interconnected challenges like economic disparity and resource exploitation. «Black Swan events like COVID-19 and conflicts like those we are witnessing across the world have aggravated the situation. In spite of all this, we are witnessing resilience and sustained economic growth by countries of the Global South.

International Monetary Fund (IMF) has raised concerns about the long-term sustainability of India's debts. It cautioned that general government debt is likely to exceed 100 percent of India's gross domestic product (GDP) in the near future, Business Standard reported.

rupee settled at 83.28 against the dollar. However, outflow of foreign funds and increased volatility in crude oil prices triggered by geopolitical situation put pressure on the Indian currency, forex traders said. “Dollar is moving south as fresh economic data from US signaled that economy is feeling the heat of aggressive rate hikes, which may prompt US Fed to start cutting rates in early 2024.