Economy Financial News

09.12 / 11:01

economy country end India to be $5 trillion economy by end of 2025: Amit Shah

Home Minister Amit Shah on Saturday said India will become a USD 5 trillion economy by the end of 2025. Addressing the valedictory session of the Uttarakhand Global Investors Summit, Shah said India has grown exponentially on every front over the past one decade due to the farsighted and visionary leadership of Prime Minister Narendra Modi.

09.12 / 09:03

Citi Manufacturing economy President show reports China can’t shake deflation

SINGAPORE : Consumer prices in China fell for the second straight month, a deepening bout of deflation that shows Beijing’s efforts to reignite faltering growth are falling short. China’s top leaders telegraphed Friday that more support is coming for the economy, with pledges of new fiscal stimulus and supportive central-bank policy in the months ahead. Still, the Communist Party’s ruling Politburo signaled that stimulus will be measured rather than aggressive, reinforcing expectations for steady if unspectacular growth in 2024 as the economy grapples with a drawn-out property bust and a global backdrop darkened by war and slowdowns in the U.S.

09.12 / 09:03

Citi Progressive economy Infinity Experts Celebrity dance India’s GDP growth reflects a strong economy and reforms, says Prime Minister Narendra Modi. Top 10 things to know

Narendra Modi hailed India's robust economic growth, speaking at the 'Infinity Forum 2.0' conference at GIFT City via video link, he emphasised the pivotal role of transformative reforms conducted over the past decade in fostering this progress. 1. Modi hailed India's growth, citing a GDP surge of 7.7 percent in the initial half of the fiscal year as evidence of the nation's burgeoning economy.

09.12 / 05:47

economy Enterprise awards country social Option World recognises that there's no option but to come to India for a large demand: Piyush Goyal

Piyush Goyal, speaking at the 23rd Apparel Export Promotion Council (AEPC) Excellence Honours, stated that the world recognises the need to engage more deeply with India due to its substantial demand. «The opportunities (in India) are huge.

09.12 / 03:29

BLOCK Citizens CEO economy Ozon performer cover How Russian businesses handled sanctions to boost economy

Sanctions were imposed on Russia as soon as an Ukraine conflict broke out and it impacted common citizens and industrialists alike. Russian citizens can no longer use Visa and Mastercard cards abroad. Industrial companies that had been supplying raw materials to neighboring Europe for years redirected their sales to China, India and rest of Asia. Foreign assets of many Russian companies were blocked, including nearly half of Russia's gold and currency reserves, totaling $ 300 billion.

09.12 / 02:11

Google economy Remark BAY Honeywell reports Global Market at 2023 Highs: Wall Street soars amid economic speculations

US Market: Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. The S&P 500 rose 0.4%, enough to clinch a sixth straight winning week for the index, which is its longest such streak in four years.

09.12 / 00:05

Aware Action economy Loblaw cover stars reports Canada Bread denies price fixing scheme, points finger at Maple Leaf Foods

The bread supplier that admitted to price-fixing earlier this year says in new court filings that any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods.

08.12 / 20:21

Manufacturing economy social hospital information reports Department November jobs breakdown: Which industries hired the most workers last month?

SlateStone Wealth Chief Market Strategist Kenny Polcari discusses how the robust September jobs report could impact the Fed's inflation battle on 'Varney & Co.'

08.12 / 20:13

Provident FIVE Gap economy stage reports RBI policy: Tone’s hawkish, and there’s nothing ‘inadvertent’ about it

Reserve Bank of India (RBI) Governor Shaktikanta Das did so on Friday. In just about two hours after what appeared to be a declaration of victory over inflation after nearly 20 months of tense battle, Das damped it. «We do not communicate anything inadvertently, let me make it very clear,» Governor Das told reporters during the customary interaction after the latest policy review that was earlier interpreted as setting the stage for an easing of monetary policy.

08.12 / 19:31

economy CEA says more pvt investments can rev up economy

Bank of India left the policy repo rate unchanged at 6.5%, while lowering the inflation projection for Q3FY24 (September-December) to 5.4% from 5.6% earlier. It left the forecast for Q4FY24 (January-March) retail inflation unchanged at 5.2%. Nageswaran said that it was good news that the range of outcomes RBI has forecast for economic growth rate was narrower than that of inflation.

08.12 / 19:31

Waves Manufacturing Software economy band 2020 Nifty posts best winning streak in 3 years on RBI pause

MUMBAI : The Nifty and Sensex scaled fresh record highs, driven by FPI buying, as RBI’s rate setting committee kept the repo rate unchanged but raised the economic growth forecast by 50 basis points to 7% from FY24. However, analysts remain divided on the near-term market prospects, with the Fed meeting next week being the only immediate trigger. The Nifty logged the longest winning streak in three years this Friday, hitting a fresh record of 21,006.10 while the Sensex surged to an all-time high of 69,893.80, falling shy of the 70,000 mark by just 106 points as FPIs net purchased shares worth a provisional ₹3,632.30 crore.

08.12 / 18:07

economy performer shock MPC alters tone, embracing growth optimism for FY24

Bank of India governor’s and MPC’s assessments of the fundamentals of the Indian economy, we remain cautious about the near-term outlook for growth. Our concerns are driven by the agriculture sector, amid the sharp decline in kharif output for major crops, and lag in rabi sowing, in the backdrop of seasonally low reservoir levels. We expect this to manifest into little-to-no growth in agri gross value added (GVA) in H2, with attendant, non-negligeable risks for rural consumption.

08.12 / 18:07

Citi Target economy show reports Department Confident RBI sees FY24 growth at 7%

Bank of India (RBI) on Friday said the Indian economy may expand 7% in the current fiscal year against its previous projection of 6.5%, taking comfort from rising rural consumption, increasing capital expenditure, and a slew of high-frequency indicators. Still, it does not expect inflation to cross its estimate of 5.4%, even as growth kicks into high gear in the world’s fifth-largest economy.

08.12 / 18:07

Booking economy Experts recommendations week PUMP FIIs pump over ₹9,000 crore in Indian equities this week, DIIs net sellers in 3 sessions: What's behind this trend?

₹9285.11 crore. Last week, FIIs snapped their three month -sustained selling streak which was over global headwinds. The return of FIIs, along with the monetary policy announcement of the Reserve Bank of India (RBI) were among key factors which drove the benchmark Nifty 50 to hit its fresh record high of 21,006.10 in the intraday session on Friday, December 8.

08.12 / 17:51

Action economy country cover 2020 reports prevention New creditors, differing interests and coordination issues are hobbling sovereign debt restructuring

debt of developing countries surged to 29% of GDP in 2021 from 19% in 2010. As the debt level rose, the profile of external public debt also changed. Paris falling The share of multilateral institutions and the Paris Club, which was 83% of the total external debt of 73 countries — the debt servicing of which was suspended in 2020 under the G20 Debt Service Suspension Initiative (DSSI) in 2006 — fell precipitously to 58% in 2020. China rising The share of other official and private creditors — the non-Paris Club members, including China, India and Saudi Arabia — rose sharply to 42% in 2020 from 17% in 2006.

08.12 / 17:21

Target Manufacturing economy show hospital reports patient Jobs market strengthens in November, defying forecasts

The U.S. labor market unexpectedly strengthened in November with pickups in employment and wages, deflating hopes for the Federal Reserve to cut interest rates early next year.

08.12 / 16:19

Target Ripple ETF Action economy show reports week Markets Brace for Pivotal Week Amid CPI Inflation, Fed Meeting

Next week is expected to be another volatile one, as investors brace for two of the biggest economic events that remain for 2023.

08.12 / 16:17

economy Align President country information shock Jack Mintz: Justin Trudeau’s existential problems with oil and gas

Talk at the latest climate-change shindig in Dubai has centred around the future of the oil industry and whether countries should pledge to phase out oil and gas production entirely or simply transform the industry in decades to come. Canada always talks a deep-green game at these affairs but are we really ready to nail shut the oil and gas coffin?

08.12 / 16:17

Target FIVE economy Align Remark consequences Mohamed El-Erian: Investors are ignoring signals from the world's most powerful central bank at their peril

Something peculiar is unfolding once again in the relationship between financial markets and the United States Federal Reserve.

08.12 / 15:53

FIVE Strategy economy Parke Ex-Barclays trader leaves Singapore to start hedge fund office in Dubai

Sanchit Jain, Barclays' former head of emerging market options trading in Singapore, is leaving.

08.12 / 15:43

economy Actor show reports Department US economy adds 199,000 jobs in November, unemployment rate unexpectedly falls

XPO Executive Chairman Brad Jacobs discusses his new company specifically designed to make acquisitions in the industrial space on 'Making Money.'

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