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India stands out as the top remittance recipient, showcasing the evolving dynamics in this financial landscape. Remittances to LMICs grew by an estimated 3.8% in 2023, totaling USD 669 billion. Resilient labor markets in advanced economies and Gulf Cooperation Council (GCC) countries played a crucial role in supporting migrants' ability to send money home. Want to know if you qualify for immigration? Click here The report suggests a potential risk of a decline in real income for migrants in 2024 due to global inflation and low growth prospects. In South Asia, remittance flows to India experienced notable growth, contributing to the region's overall positive trend.

IndusInd Bank and IT companies such as Infosys. Meanwhile, among the top picks are also Hero MotoCorp, Piramal Enterprises, and Zomato (being a new addition to the list). Going ahead, the brokerage predicts a turning point in the rate cycle, with the Fed's dovish comments indicating three rate cuts in CY24.

global market macros in the coming year, foreseeing another positive period. This optimism is grounded in expectations of interest rate cuts by the Federal Reserve and a resilient performance from the US economy, avoiding a hard landing.

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances.

Sailesh Raj Bhan, CIO, Nippon India Mutual Fund, says: “Logistics is one space which post-GST has become a scalable, large, all India opportunity which is possible. This is directly available to us. Second area is while pharmaceuticals might seem to have done well over the last 20 years, the same opportunities as young as it was maybe a decade back because the country itself is changing, the demographics are changing, the scale itself is changing there. Within manufacturing or energy transition, the power side, the activity levels in India could be way higher and way different in the next 7-10 years. That will throw in a lot of activity on transmission and power networks. Bhan also says: “These spaces appear to be extremely attractive and the most commonly talked about luxury space in India because of what is really happening in the upper end, the top 10% of India behaving exactly like how the high-income countries globally behave.” Everyone is smiling this year, do you think the smiles will last for 2024 as well? I think the micro conditions have significantly improved and policy continuity is also being anticipated by the market.

Rich countries are raising more money from taxpayers than they have in decades to finance a burst of state spending as surging interest rates make borrowing less attractive. Tax revenues have risen to record levels as a share of economic output in a number of major economies, including France, Japan and South Korea, according to data published by the Organization for Economic Cooperation and Development, the club of mainly rich countries. The increases are worth hundreds of billions of dollars in additional revenue for governments that are navigating an array of new spending needs, from military priorities to industrial policy.

The lowest mortgage rates since the summer are starting to lure frustrated home shoppers back to the market. The problem is that few homeowners who have locked in much lower rates appear ready to sell. Home sales this year are on track to be the lowest since at least 2011.

US Federal Reserve on the possibility of reversing rate hikes, there is a growing sense of optimism in global financial markets. In the US, flows have surged to an 18-month high, reaching $26.3 billion. Notably, there has been a significant influx of funds into US mid and small-cap investments, which had lagged in the recovery since October 2022, informed the report.

However hard it is, the market-coming-of-age of many of those co-founders took years, under the shadow of the lead founder. Many of them took a chance at the CEO role. Many critics even argue that some of them needed that CEO tag to affirm their presence.

stock market saw many companies coming up with their IPOs. While some have done well, many have given flat to negative returns. This begs the question - how have the IPOs of the past fared over a longer term? But before we take a look at the data, let us look at the Nifty performance.

Hamas has been the focus of a relentless Israeli onslaught in Gaza but with resilient and diverse finances, it is expected to have a significant war chest at its disposal as the conflict drags on. Israel's Prime Minister Benjamin Netanyahu has vowed to annihilate the Palestinian Islamist movement behind the October 7 attack — the deadliest in the country's history.

Israeli government on Sunday approved the appointment of Reuven Azar as the new Ambassador to India. Azar, who is in his late 50s, will also serve as the non-resident Ambassador to Sri Lanka and Bhutan, a statement from the Israeli Ministry of Foreign Affairs said. His appointment is one of the 21 new Heads of Missions cleared by the Israeli government to assume service soon.

BOJ) kicked off its two-day monetary policy meeting, with traders nervously awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose monetary settings. In the broader market, currencies started the week on a cautious note after large swings last week mainly driven by a slew of central bank meetings, which included rate decisions from the Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE). The yen fell 0.2% to 142.41 per dollar in early Asian trade, reversing some of the nearly 2% gain it made last week on the back of the dollar's decline. The Japanese currency has had a volatile few weeks as markets struggle to get a grip on how soon the BOJ could phase out its negative interest rate policy, with comments from Governor Kazuo Ueda earlier this month initially sparking a huge rally in the yen. That was later reversed on news that a policy shift was unlikely to come as early as December, and investors now await Tuesday's BOJ decision for further clarity on the bank's rate outlook. «The meeting will be relevant and important in terms of what the BOJ does, and there are some in the market that still expect that maybe there's a surprise,» said Rodrigo Catril, senior FX strategist at National Australia Bank. «We tend to lean to the idea that they're still on wait-and-see mode… for more evidence, in particular the labour market and wages growth are rising towards the 2% level, at the minimum. »The best case scenario would be for the bank to set the stage for things to come in 2024, conditional on these economic outcomes being delivered." Against the euro, the yen edged 0.1% lower to 155.11.

Oil prices rose nearly 1% in early Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures climbed 69 cents, or 0.9%, to $77.24 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude was at $72.08 a barrel, up 65 cents, or 0.9%. «The bad weather in Russia has played a part in the stronger open this morning as has the Houthis attack on ships close to Yemen,» IG analyst Tony Sycamore said. Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than promised, as the world's biggest exporters try to support global oil prices. This comes after Moscow suspended about two-thirds of loadings of its main export grade Urals crude from ports due to a storm and scheduled maintenance on Friday. Shipping firms, including the world's biggest container shipping lines MSC and A.P.

Wall Street, 2023 is a year to forget. Global investment banks turned almost unanimously optimistic on the market around this time last year, only to be confounded by a 14% drop in the MSCI China Index. Now, as policymakers ramp up efforts to arrest a housing slump and extend funding support for the broader economy, hopes are building again that 2024 will be better. But it's a case of once bitten, twice shy. This time around, expectations are much more modest. «It's like we've stood still in time for 12 months.

Sarvam AI, the newly launched artificial intelligence startup which released its Hindi language model ‘OpenHathi’ last week, will soon launch a platform that businesses can leverage for their needs. Founded by former AI4Bharat researchers Vivek Raghavan and Pratyush Kumar in July, Chennai-headquartered Sarvam is planning to release models in other Indian languages in the coming weeks.

Floydwiz Technologies has grabbed nearly 3% of the Indian laptop market with its Primebook brand of affordable devices in just nine months of entering the online marketplace, according to its co-founder, Chitranshu Mahant, who expects sales to touch 50,000 units by the end of 2023. The company has a revenue of Rs 10 crore per month and is projected to touch Rs 60 crore for 2023 at this run rate, Mahant told ET.

NEW DELHI : The Quality Council of India (QCI) is set to come out with regulations that will make it compulsory for private certification agencies to register themselves with accreditation bodies. The idea is to ensure accountability of these agencies so that ‘brand India’ does not suffer from indiscriminate certification by unregulated agencies. There are concerns that private agencies have been issuing ISO 9000 certificates without getting themselves registered with apex accreditation bodies.

Making Money host Charles Payne discusses the Dow being on pace for a record close, automakers announcing layoffs and Democratic Rep. Ro Khanna proposing legislation to ban stock trading in Congress.

MUMBAI : Pushed back by a lull in private sector investments, India’s state-owned banks continued to lose market share in loans to private rivals, showed data from the Reserve Bank of India (RBI). The loss in market share was visible in deposits too. The share of public sector banks in deposits shrunk 119 basis points (bps) between March and September 2023.

Unilever's chief executive officer Hein Schumacher said the company should not be complacent about its market share and indicated its historical strong position may weaken with increasing competition. «We should not be complacent about it (India). Yes, we have great positions, but with some slowdown in China, I do see international competitors flocking into India and putting a greater amount of resources behind it,» said Schumacher at a Barclays Fireside conference.