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gold has always been fascinating. Its value is not merely measured in carats or purity but in its ability to provide a haven of stability in turbulent economic waters. Gold can act as a smart signal to understand if the economy is going well.

Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations. In her inaugural speech at the Kautilya Economic Conclave 2023 in the capital, a few months ahead of the interim Budget for FY25, she said: «For every decision that we take today, we are conscious of what burden it is going to leave to the next generation. It's very easy to be profligate.» The Centre aims to bring down its fiscal deficit to 4.5% of GDP by FY26 from the budgeted 5.9% for FY24. The global economy, she said, is bearing the brunt of simultaneous wars in places that can severely affect supply chains. The Israel-Hamas war has already stoked fresh uncertainties about the global supply chains — especially of food and energy — already hit by the Ukraine war and the pandemic. Debt-to-GDP ratio In such critical junctures, however, the decades-old multilateral institutions have become less effective, Sitharaman said, highlighting the urgent need for reforming them. As for the government's debt policy, she said: «We are conscious of the debt of the government.

Kotak Mahindra Bank Q2 Results Preview: Kotak Mahindra Bank is all set to announce its July-September quarter results for fiscal 2023-24 (Q2FY24) on Saturday, October 21. The leading private sector lender is expected to report a healthy quarter aided by higher net-interest income (NIIs), strong loan growth and net profit, according to estimates by analysts and leading brokerage houses. This is the first quarterly earnings results since the bank's managing director (MD) and chief executive officer (CEO) Uday Kotak resigned from his position in September, three months ahead of schedule, and passed on the baton to Dipak Gupta - who is currently serving as interim CEO till December 31, 2023.

Investing.com — The Dow slumped Friday, closing out the week with a loss as investors weighed up a surge in Treasury yields and mixed quarterly corporate earnings this week. 

By Andrea Shalal and Jeff Mason

Canadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest rates steady next week.

Economists raised their U.S. growth projections through early 2024 and trimmed recession odds to a one-year low as consumers continue to spend.

New Delhi: The finance ministry is looking at ways to bring down government debt and is monitoring the debt reduction measures taken by emerging market economies, finance minister Nirmala Sitharaman said on Friday. While India’s public debt is not as high as other major economies’, it needs to be tackled with a sense of responsibility so that the future generations don’t feel its burden, she told the Kautilya Economic Conclave. “Data about some emerging market countries, about how they are managing their debt, is something which is actively in our minds in the ministry," Sitharaman said.

₹8 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹13,645.57 crore of Indian equities, while they sold ₹13,189.36 crore --- resulting in an inflow of ₹456.21 crore on Friday.

₹2,773 crore net profit for the September quarter against a net loss in the same quarter last fiscal. The Mumbai-based steel manufacturer reported a 6.71% year-on-year increase in its consolidated revenue from operations to ₹44,584 crore. Consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda) stood at ₹7,886 crore, with an Ebitda margin of 17.7%.

Based on the Ethereum (ERC20) blockchain, Sensei Inu is a trending new MemeFi project offering an innovative "Proof of Value (PoV)" consensus mechanism. 

ICC World Cup 2023: The current edition of the ICC World Cup is witnessing some fiery bowling from all teams. In particular, Team India's and New Zealand's bowling lineup has impressed a lot and one more team which has destroyed giant batting lineups with its bowling has been Afghanistan. Too much was said about the bowling lineups of Australia and Pakistan, but they are yet to display any major performances in bowling.

By Shivansh Tiwary and Raechel Thankam Job

By Shubham Batra and Shashwat Chauhan

RBI is to align inflation to the target and control inflation expectations, said Reserve Bank of India (RBI) Governor Shaktikanta Das in minutes. "Our fundamental goal is to align inflation with the 4% target and anchor inflation expectations," Reserve Bank of India (RBI) Governor Shaktikanta Das said in the minutes released on Friday. As an impact of surging inflation, people are not increasing discretionary spending in view of high inflation, according to RBI Deputy Governor Michael Patra.

Xi Jinping won power in 2012, the government has grown more repressive and society less vibrant. Censors have turned the internet into a drearier place, while letting nationalist trolls drum in the state’s talking-points. At university students must grapple with Mr Xi’s forbidding personal ideology.

spacecraft. Addressing a function here, the prime minister said India's Gaganyaan will soon ferry Indian astronauts to space and the country also plans to establish its own space station. «We have drawn a strong roadmap till 2040 for the space sector...that day is not far when we will land an Indian on the Moon on our own spacecraft,» Modi said after flagging off the first Namo Bharat train on the 17-km stretch of the Delhi-Meerut Regional Rapid Transit System.

Akasa Air might be slowly coming out of the turbulence caused by sudden pilots' exits but the airline's chief Vinay Dube is «dead set against» the idea of having any kind of no-poaching agreement between airlines, asserting that it will not be right. The airline, which has been flying for more than a year, has more than 450 pilots and the number will go up as it expands the fleet from 20 aircraft now. «We had about 330 pilots in April.

global economy has reversed since the 2006 financial crisis with the agriculture sector witnessing a growth while manufacturing and non-agricultural sectors have slowed down, Ramesh Chand, member, NITI Aayog and chairman-BoG of the Institute of Economic Growth said. “The agricultural sector’s contribution to global GDP has increased from 3.2% in 2006 to 4.3% in 2021 while the growth rate in manufacturing and non-agricultural sectors has slowed even in the developing countries,” Chand said while speaking at the inaugural session of Kautaliya Economic Conclave 2023 on Friday. According to Chand, the slowdown in growth of the non-agricultural sector and manufacturing has also led to not enough employment opportunities being created by these sectors. “The industry and non-agricultural sector has failed to pull out workforce from agriculture,” said Chand, adding that the youth who want to move out of the agriculture sector are stuck there. Further, the widening gap between the incomes of agricultural and non-agricultural workers is a serious implication of the structural shift in the global economy. Agriculture contributes 4.3% of global GDP but provides employment to 26.4% of the world workforce.

Investing.com — U.S. Treasury yields soar to the highest levels since the financial crisis after a speech by Fed chair Jerome Powell, dragging stocks lower. Crude rises as the U.S. looks to refill its strategic reserves, while U.K. retail sales slumped in September.

(Reuters) — Global equity funds registered their fifth weekly outflow in a row in the seven days to Oct. 18 hit by the persistent rise in U.S. bond yields with strong economic data heightening expectations of sustained high interest rates.