Economy Financial News

01.11 / 03:53

Target economy WhatsApp President country reports Joe Biden, Xi Jinping to hold constructive meeting in San Francisco this month, confirms White House

Modi has also been invited for the APEC Leadership summit by President Biden. India is most likely to be represented by a Cabinet-level minister. Coming back to the Pierre's statement on Biden's meeting with Xi, she told reporters, “We've been talking about it.

01.11 / 03:53

Manufacturing economy awards Nano Pride information testing From Singur to Delhi via Sanand: Did Nano reshape Modi's ideas on capitalism?

₹1 lakh car dubbed “the people’s car". The price tag became a goal by accident when he happened to mention it during an interview with a journalist. Sure, the idea had a philanthropic ring to it, but it wasn’t a charity project, which the Tata group has several anyway. Tata Motors aimed to make money by launching a small car capable of unlocking the mass market of aspirational, not-so-rich Indians wanting safer and more comfortable lives.

01.11 / 03:37

economy Yellow Nestle Experts show performer etmarkets ETMarkets Smart Talk: Caution ahead! Small & midcap stocks can see correction and so can largecaps: Sahil Kapoor

“Small and midcap stocks can see a correction and so can large caps as valuations have been stretched overall,” says Sahil Kapoor, Head of products and Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Gold can benefit from the global chaos and volatility in other assets. It has all the ingredients to do relatively better than other assets” Edited excerpts: A mixed October for markets in the middle of India's festive season. What is capping the upside is it geopolitical concerns or valuations? Whenever markets trade at expensive valuations, it find reasons to correct. Currently, Nifty is trading at 22.7 times trailing earnings and at a return of equity (ROE) of 13%.

01.11 / 03:29

Software economy Enterprise Annual results Freshworks forecasts annual results above estimates on strong demand

Freshworks forecast annual revenue and profit above expectations as it sees sustained demand for its relatively inexpensive software products for enterprises in a tough economy. The company competes with larger rivals such as Salesforce and Zendesk for a share of customer relationship management pie, while attracting small- and medium-sized enterprise customers with cheaper offerings.

01.11 / 02:03

Target economy Experts band track recommendations Day trading guide for today: Six buy or sell stocks for Wednesday —November 1

Day trading guide for today: Domestic equity indices the Sensex and the Nifty 50 snapped their two-day winning run and resumed their downward march in the previous session, amid mixed global cues. Tracking mixed global cues, Nifty 50 closed the day at 19,079.60, down 61 points, or 0.32 per cent while the Sensex ended with a loss of 238 points, or 0.37 per cent, at 63,874.93.

01.11 / 01:09

Provident Digital Manufacturing Compilation economy show Capex and spending double engine: Core strong; car dispatches hit a fresh high

India's infrastructure sector closed the September quarter on a firm note, while frantic festive demand lifted automobile dispatches to yet another record in October, highlighting the twin drivers of the economy — government capital expenditure and high-end consumption. The Index of Eight Core Industries rose 8.1% in September from a year earlier, with coal, steel and electricity posting robust growth, data released on Tuesday showed.

31.10 / 20:43

Citi Target Fighting economy track country reports Reserve week What to expect from the Federal Reserve's meeting this week

Panelists Yelena Shulyatyeva and JC Parets react to the inflation report on 'The Claman Countdown.'

31.10 / 20:37

economy WhatsApp track country innovations Optimistic about Q2 growth: RBI's Das

MUMBAI : Second quarter gross domestic product (GDP) numbers, “in all probability", will surprise on the upside, Reserve Bank of India governor Shaktikanta Das on Tuesday said. The RBI’s monetary policy committee (MPC) has pegged Q2 GDP growth at 6.5%. GDP growth in Q1 stood at 7.8%.

31.10 / 20:37

Digital Gap economy country information reports recommendations Govt reviews legal framework to remove gaps

NEW DELHI : The government is reviewing the country’s legal framework to identify gaps that financial offenders could exploit for laundering money, with possible tweaks in rules and regulations expected over the next few weeks, two people familiar with the development said. The focus is to ensure the legal system stands the scrutiny of the Financial Action Task Force (FATF) recommendations. India is undergoing a peer review by the UN body, which assesses the technical compliance of its recommendations and the effectiveness of a country’s anti-money laundering and anti-terror financing framework.

31.10 / 20:37

Aware Landmark Fighting Mobile economy country voice Taiwan may get ISA toehold

NEW DELHI : Taiwan may get a “representation" in the International Solar Alliance (ISA), said two people aware of the development, a move that underscores sharpened rivalry between India and China. Although Taiwan has sought membership of the alliance, ISA is unlikely to accord it full membership as it is not recognized by the United Nations. The ISA is the first treaty-based international government organization headquartered in India, and it has been a key part of India’s foreign policy outreach to the developing world.

31.10 / 20:17

Strategy economy CIBC stage country Cameco reports Live news: Mark Carney questions Liberals' carbon tax retreat on home heating oil

Finance Minister Chrystia Freeland says she will meet provincial and territorial finance ministers later this week to discuss the possibility of Alberta’s withdrawal from the Canada Pension Plan (CPP).

31.10 / 20:17

Provident Target economy country 2020 reports 'Record spike' in number of immigrants leaving Canada in recent years, study says

There was a “record spike” in the number of immigrants who left Canada between 2016 and 2019, according to a new study that urged the government to make retaining newcomers a top priority to boost the economy.

31.10 / 20:17

FIVE economy show voice reports 'Crystal clear sign' for Bank of Canada: What the economists say about GDP

The Canadian economy could already be in a “modest” recession, one economist says, after Statistics Canada released the latest GDP numbers for August and a preliminary forecast for September and the third quarter.

31.10 / 18:13

Reuters Strategy economy Bill show country testing Italy wants more public debt in domestic hands -economy minister

By Giuseppe Fonte

31.10 / 18:13

Fighting economy Pfizer vaccine blues reports fall U.S. stocks fall, on pace to close out October on a down note

Investing.com — U.S. stocks are falling to close the month of October on a down note, with the major indexes on pace to notch monthly declines.

31.10 / 17:37

Provident FIVE Manufacturing economy Micron electronic information India to turn hub for chip fab, design in five years: Vaishnaw

New Delhi: India is set to emerge as a design and manufacturing hub for semiconductors in the next five years, said Ashwini Vaishnaw, the Union minister for electronics and information technology, in a conversation with Hindustan Times editor-in-chief R. Sukumar during a virtual session that kick-started the 21st edition of the Hindustan Times Leadership Summit on Tuesday. India, Vaishnaw argued, has three core strengths that will power its growth in this sector.

31.10 / 16:53

Waters Extreme Manufacturing economy Nov reports Canada at risk of ‘tipping into a mild recession’ after flat GDP reading

gross domestic product (GDP) was essentially unchanged in August, Statistics Canada said Tuesday, pointing to the impacts of extreme weather.Higher interest rates are weighing on economic growth as people and businesses pull back on spending. Drought conditions and forest fires raging through the month also helped to pull down economic growth.Resource extraction sectors such as mining and oil and gas saw growth in August, while manufacturing and the accommodation and food services industries faced declines.Retail trade also fell for the third month in a row.Air, rail and water transportation sectors all saw gains, with StatCan saying the latter’s rebound fully offsetting declines tied to the B.C.

31.10 / 16:13

Provident economy Northrop What Makes This Market Correction So Confusing

A former editor of the Economist magazine explained the craft of journalism as “simplify, then exaggerate." The stock-market correction offers plenty of opportunities to do exactly that, but none are satisfactory on their own. Simplification 1: It is all about the Fed. Investors have finally begun to believe the Federal Reserve when it says it will keep rates higher for longer, although it isn’t expected to raise rates at its meeting this week.

31.10 / 15:39

Mobile Apple economy Highways rock reports How the monsoon upset Himachal's applecart

Shimla: July-August 2023 is a period Girish Minocha would dearly like to forget. But each day, he continues to experience the impact of the tragedy that played out in Himachal Pradesh during those two months after the state was battered by heavy rains. Minocha is the chief executive officer of Minchy’s Food Products, a Shoghi-based company that processes apple juice, apple cider vinegar, jams and marmalades, among other items.

31.10 / 15:13

Career Manufacturing economy WhatsApp show reports India's Q2 GDP number will surprise everyone: RBI Governor Shaktikanta Das

Shaktikanta Das on Tuesday said the growth momentum in the economy continues to be strong, and that the GDP number for the second quarter will surprise everyone on the upside. Shaktikanta Das said that geopolitical uncertainty is the biggest risk to global growth but was quick to add that India is better placed to deal with any potentially risky situation.

31.10 / 15:13

Assurant economy WhatsApp pandemic show country shock A sustained consumption boom is far from assured yet

Bank of India (RBI) released data in September that showed how the incremental flows of financial liabilities of Indian households have been rising sharply over the past two years, though it is still not clear whether they borrowed money to support consumption or to buy new homes (which shows up in national statistics as an investment activity). Third, households with a steady income still have some excess savings that were accumulated during the two major covid lockdowns. Financial savings of households had gone up sharply in fiscal year 2020-21, as people were either unable or too worried to spend.

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