Economy Financial News

05.12 / 11:49

Provident economy country hospital reports patient guidelines Cash-for-kidney scam: Health Ministry body orders probe against Apollo Hospitals unit

Health Ministry Tuesday ordered an inquiry into ‘cash-for-kidney racket’ allegations against Indraprastha Medical Corporation Ltd, a unit of the Apollo Hospitals group, news agency PTI reported citing sources. Earlier on Monday, the Indraprastha Medical Corporation Ltd (IMCL) rejected the allegations of ‘cash for kidney racket’ asserting that the hospital follows every legal and ethical requirement for transplants, including government guidelines.

05.12 / 11:49

Reuters Manufacturing economy show reports testing Low Low oil prices could fuel the next phase of India’s growth

Reuters reported. Another development favouring soft oil prices is the record production of US crude oil, which set a record for the second month running in September. India also resumed imports of crude from Venezuela in October, ending a three-year hiatus forced by US sanctions that have since eased.

05.12 / 09:19

Digital Career economy Actor audience social Influencers turn entrepreneurs banking on digital fame

Shrenik Gandhi, co-founder and chief executive officer at digital agency White Rivers Media. “Influencers frequently partner for startups, and some even invest in them. Initial funding may come from influencers’ personal funds or partnerships with brands," Karan Pherwani, vice-president of influencer marketing agency Chtrbox said.

05.12 / 09:12

Provident Target economy Moodys track country Moody's cuts China credit outlook to negative, cites lower growth, property risks

(Reuters) -Ratings agency Moody's (NYSE:MCO) on Tuesday cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the country's vast property sector.

05.12 / 08:21

Target Progressive economy Experts performer country record high ICICI Bank stock hits new record high; is there more rally ahead?

ICICI Bank, one of the largest private sector banks in India, gained 2.28% in today's trade, setting a new record high of ₹1,013.85 apiece. The stock's previous peak was recorded in July 2023 at ₹1,008.70. According to the latest data from BSE, ICICI Bank is currently ranked as the fourth most valued Indian listed firm.

05.12 / 08:13

Target economy Moodys country reports gatherings Moody's downgrades outlook for China to negative on structural issues, property sector woes

“The outlook change reflects increased risks in China related to structurally, persistently lower medium-term economic growth,” Moody’s said. The agency affirmed China's overall rating at 'A1'. The agency expects China’s property sector to remain smaller in proportion to the entire economy than it was before the property correction which began in 2021. Moody’s now expects China’s annual GDP growth to be at 4 per cent in 2024 and 2025 and at an average of 3.8 per cent between 2026 and 2030.

05.12 / 05:59

Ripple economy MSCI show Marketmind: RBA holds and the dollar pauses, too

A look at the day ahead in European and global markets from Tom Westbrook

05.12 / 05:33

Target Reuters Manufacturing economy Nov show services India Nov services growth softens but still solid

By Shaloo Shrivastava

05.12 / 05:11

Provident Target Waters economy information reports Australia's central bank holds rates steady until at least February

By Stella Qiu

05.12 / 04:51

Target economy RBA keeps rates steady in final meeting of 2023; inflation risks remain

Investing.com-- The Reserve Bank of Australia kept interest rates on hold as expected on Tuesday, citing the need for more macroeconomic data to spur another rate decision, but warned that risks from high inflation still remained in play.

05.12 / 04:51

economy AutoZone Broadcom President reports testing 500 Weekly Dow Jones, Nasdaq, S&P 500 weekly preview: Can this rally hold?

The S&P 500 (SPX) recorded its fifth consecutive candle last week (+0.8%), matching the May-June streak. The index is now testing the 2023 highs around 4600. A break above this level would pave the way towards the record highs around 4800 while a failure would increase the risk of a double top pattern.

05.12 / 04:51

Target Fighting economy pandemic show travelers Inflation in Japan's capital slows, clouds BOJ exit path

By Leika Kihara and Takahiko Wada

05.12 / 04:51

Reuters Manufacturing economy show Japan Q3 GDP seen contracting at slower pace on capex: Reuters poll

TOKYO (Reuters) — Japan's economy likely shrank slightly less than initially estimated in July-September, reflecting an expected upward revision in private sector capital investment, a Reuters poll showed on Tuesday.

05.12 / 04:43

FIVE Digital Manufacturing CEO economy Enterprise innovations We understand, listen to and watch our clients: Hewlett-Packard Enterprise CEO

TechCircle, the Argentinian-Italian executive discusses HPE’s cutting-edge technology innovations in artificial intelligence (AI), data, and hybrid cloud, the importance of culture and employee engagement, what drives his energy as a CEO, the technology landscape in India, and his plans for the Indian market. Edited excerpts: Currently, the global economy is going through some uncertainty and readjustments. However, India has been at the forefront of digital transformation and is probably the fastest-growing economy in terms of gross domestic product (GDP).

05.12 / 04:43

Provident Booking economy Bill Parliament Winter session Day 2: Discussion to be held on J-K Reservation Act, economic situation

Mallikarjun Kharge calls meeting of parliamentary leaders of INDIA bloc today The Bill provides for reservation in appointment in state government posts, and admission to professional institutions, for certain reserved categories. The Bill provides for reservations in professional institutions for economically weaker sections. It provides for the reorganisation of the state of Jammu and Kashmir into the union territories of Jammu and Kashmir and Ladakh.

05.12 / 03:23

economy MSCI Nikkei show reports Department Asian stocks Asian stocks slide as focus turns to US jobs

Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. An interest rate decision is due in Australia in the meantime, with traders all but certain the central bank will keep rates steady, leaving the focus on the outlook and tone. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9% in early trading.

05.12 / 02:53

economy shock The market’s BJP boost

For markets that tend to look for policy certainty, Sunday’s election results in favour of the Bharatiya Janata Party (BJP) came as a boost. Reacting to the ruling party’s 3:1 sweep of four states, the Sensex jumped 2.05% to 68,865 on Monday, extending Friday’s gain of nearly 1% on the back of exit polls pointing to the BJP faring well and better-than-expected GDP growth.

05.12 / 02:53

Target economy Align Remark pandemic reports Inflation pressures in the US eased in October, says Federal Reserve Bank of New York

inflation pressures in the United States decreased in October compared to the preceding month. The Multivariate Core Trend (MCT) inflation gauge, disclosed by the bank, revealed a reading of 2.6 percent for October, down from September's 2.88 percent. The bank attributed the higher MCT level, compared to its pre-pandemic average, to specific trends in housing and non-housing services.

05.12 / 02:53

economy Southern performer country voice testing The upcoming 16th Finance Commission has a highly critical task at hand

GST launched in 2017—then its job is tougher still. Even so, the task before the 16th FC will be truly unenviable. This is because a Lok Sabha constituency rejig may overlap with its span of coverage from 2026-27 to 2031-32.

05.12 / 02:53

Target ETF Manufacturing Strategy economy reports India boosts emerging market ETFs as US yields dip, dollar falls

Indian equities, followed by Taiwanese and South Korean stocks. “Ultimately, India stands out as its own story, as it offers more attractive scale and demographic dividends than most emerging markets, and does so under a democracy," said Malcolm Dorson, the head of emerging-market strategy at Global X Management Co.

05.12 / 02:01

Provident Manufacturing economy Nov show country reports services China's Nov services activity accelerates on boost from new orders - Caixin PMI

BEIJING (Reuters) — China's services activity expanded at a quicker pace in November, a private-sector survey showed on Tuesday, as the upturn in new businesses were the best seen for three months amid reports of firmer market conditions.

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