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Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Moody’s Investors Service postponed a planned review of Israel’s rating on Friday, saying it continued to evaluate the wider credit risk of recent hostilities. The resilience of Israeli debt issuers is at stake if a conflict stretches on, the ratings agency said in a separate note earlier last week.

Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.

finance, the delicate balance between interest rates, economic growth, and global currency dynamics often holds the key to stability or turmoil. Lately, an intriguing scenario has been playing out in the United States, with far-reaching implications for the country's financial markets and the global economy. When nominal interest rates, such as those on government bonds, exceed the nominal growth rate of a country's economy, it triggers a cascade of economic consequences. Here are some of the key repercussions:

RK Singh on Sunday said the ministry's aim is to provide enough electricity to power the country's growth even higher than the current levels. «Our mission is to provide electricity so that the Indian economy is able to grow at around 9- 10%» he said while addressing the foundation day of the Central Electricity Authority (CEA). The CEA is the planning cell of the power ministry.

Automobile technology and automation firm Rosmerta Technologies plans to invest Rs 200 crore to set up ten vehicle scrappage units over the next three years, according to a top company executive. The company currently operates a single vehicle scrapping facility in Manesar (Haryana) with a capacity of processing 30,000 vehicles annually. After the capacity addition, the company will be able to process up to 3 lakh vehicles annually. In an interaction with PTI, Rosmerta Technologies President Kartick Nagpal said that with the setting up of the scrappage centres, the company will be able to contribute to the circular economy by helping recycle three lakh vehicles each year. «With this regard, we plan on investing Rs 200 crore across India to leverage this situation and contribute to the circular economy,» he added. The central government believes that the output from scrapped vehicle materials would save about 33 per cent on raw material costs and will bring down reliance on imported metals such as aluminium, copper as well as rubber. India, which is ranked fourth and sixth largest manufacturer of passenger and commercial vehicles respectively, imports metals worth USD 34.7 billion each year. In August 2021, Prime Minister Narendra Modi had launched the national vehicle scrappage policy to help phase out unfit and polluting vehicles and also promote a circular economy. While the government has financially incentivised scrapping old vehicles and replacing them with new ones, over 50 lakh light motor vehicles aged over 50 years (as per industry estimates) continue to ply unchecked. Rosmerta Technologies is the country's leading manufacturer of high-security registration plates (HSRP).

crude oil prices and tightening global monetary conditions pose a risk, said chief economic advisor (CEA) V Anantha Nageswaran. The geopolitical situation needs to be closely watched, he told ET on the sidelines of the International Monetary Fund (IMF) and World Bank meetings in Marrakech, Morocco. «At the moment, we do not see it (developments in West Asia) as something that causes an immediate and significant economic impact, but we will need to watch it closely,» said Nageswaran. He said India's retail inflation is likely to be plus or minus 20 basis points of the Reserve Bank of India's 5.4% forecast for this financial year. A basis point is a hundredth of a percentage point. «But the fact that inflation has come down sharply tells us very clearly that what we experienced in June, July and August was seasonal, rather than something fundamental. Overall, inflation is not a big concern,» said Nageswaran. The CEA said capital investments by the private sector rebounded in 2021-22 and 2022-23.

IMEC) and India-Israel-USA-UAE projects, China has launched dialogue across the region seeking to align BRI with Turkiye's Middle Corridor Initiative. Turkiye had decried IMEC, which is aimed at rivaling BRI in the region and this week's BRI summit in China is expected to witness efforts to align Ankara's Middle Corridor Initiative with BRI. The two sides recently held a high-level dialogue on the issue, ET has learnt. IMEC was announced on the sidelines of the G20 summit here in the presence of leaders of the USA, Saudi Arabia, India and Europe. Trans-Caspian East-West-Middle Corridor Initiative shortly named as 'The Middle Corridor', begins in Turkiye and passes through the Caucasus region via Georgia, Azerbaijan, crosses the Caspian Sea, traverses Central Asia and reaches China, according to a Turkish foreign ministry document.

₹5,200 and ₹4,460 per tonne, respectively. This is being driven by firm domestic demand for steel as iron ore is a key input used in producing steel. Moreover, it helps that the global iron ore prices are on a strong footing.

New Delhi: Late last month, a much-awaited milestone in the development of India’s financial markets was reached, when JP Morgan announced it would include a set of Indian government bonds in its widely-tracked global bond index. India’s inclusion in the JP Morgan Government Bond Index–Emerging Markets Global Diversified will happen in June 2024, and, according to estimates by analysts, could lead to inflows of $20-25 billion into the country over a year. If, as a result, India is included in other global emerging market bond indices as well, inflows could be even higher.

Hamas in Gaza will have an impact on the budget but it will be manageable since the country entered the conflict with a very solid fiscal position, Bank of Israel Governor Amir Yaron said on Sunday. In a speech to a G30 panel, Yaron said it was difficult at this time to put exact numbers on how the budget may be affected by the conflict. «But there is no doubt this war will have fiscal implications that will depend on its intensity and duration,» he said in published remarks.

At a journalism clinic I hosted in Asia some years back, one of my pleas was “don’t throw the entire kitchen sink at the story”.

Investing.com — Geopolitical tensions remain to the fore, while earnings and U.S. retail sales data will give an insight into the health of the consumer. Federal Reserve Chairman Jerome Powell is to speak while economic data out of China and the U.K. will be closely watched. Here’s what you need to know to start your week.

Yesterday I reviewed numbers that show that the 2023 advance in the S&P 500 Index continues to post a high return when set against historical calendar-year results. Encouraging, but it’s still premature to dismiss the view that the market remains in a bear-market rally.

Adani Ports & SEZ is “confident” of repaying by Feb 2024, the $650 million of foreign currency bonds that are maturing next year, its CEO said Sunday. “We have already prepaid $120 million and then another $190 million,” Karan Adani told reporters on the sidelines of the inauguration of its Vizhinjam port in Kerala. “We are very confident that by January-February we will prepay the balance amount. And that was part of our commitment at the start of the year, when we had said our net debt-equity ratio will be 2.5X,” Adani had in February said his company would repay Rs 5,000 crore worth of debt by next financial year. Adani’s debt-prepayment is part of its efforts to win back investor trust, large swathes of which were eroded after an American short-seller Hindenburg alleged it of stock price manipulation. As of June, the company had prepaid $2.65 billion worth of loans. The company, that aims to become the world’s largest port operator by 2030, is looking at brownfield international port projects in Vietnam, Kenya and Tanzania, said CEO Adani. The Vietnamese government had, in a statement in May, said it welcomed Adani’s investment in its Lien Chieu port and renewable energy projects.

Zoramthanga on Sunday asserted that his party, the Mizo National Front, will return to power and bag 25-35 seats in the upcoming polls for the 40-member assembly. He also claimed that the Congress, which was ousted by the MNF in the 2018 polls, could draw a blank in this year's election to be held on November 7. «We are busy preparing ourselves for the upcoming assembly polls.

Economists are turning optimistic on the U.S. economy. They now think it will skirt a recession, the Federal Reserve is done raising interest rates and inflation will continue to ease.

Israel but so far there are no reports of any Indian getting injured or kIlled, just as the government has mounted Operation Ajay to evacuate Indian citizens. That's the immediate threat the conflict poses to India. However, India will be impacted in many serious ways if the conflict drags on or explodes into a bigger war. The conflict could widen as Israel began ground raids inside the Gaza Strip. Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the Palestinian terror group's deadly rampage in southern Israel. Live: The latest on the Israel-Hamas conflict The possibility of Israel-Hamas conflict dragging in many other countries is spooking the economy since any trouble in West Asia will have an immediate impact on oil supply, a frightening prospect after another geopolitical crisis, the Russia-Ukraine war, rattled the world last year disrupting energy and food trade. Given that the global economy is not in good health and the threat of recession looms in the US, the conflict poses a serious threat. How exactly will India be hit by the conflict? It seems a contained conflict that does not last long will not upset India in any significant manner but a longer conflict can destabilise India's economy.

Putin will travel to China this week to meet Xi Jinping, the Kremlin chief's first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting?

Q2 Results Outlook: In the struggle of a global economic slowdown, India is witnessing a stroke of fortune. Post initial hurdles, the outlook for FY24 is poised for a gradual, yet promising, transformation. FY23 wrapped up on a subdued note, with subpar earnings growth and soaring valuations.

Also Read: These 50 smallcap stocks log double-digit rise as Sensex settles marginally higher on volatile week; do you own? "The rebound from the sluggish start, propelled by positive expectations on Q2 earnings and moderation in global bond yield despite concerns over the Middle East conflict continues to hover. The release of higher-than-anticipated US inflation data and resulting increase in treasury yields marginally offset the positive trend by the end of the week,'' said Vinod Nair, Head of Research at Geojit Financial Services. Domestic benchmark equity indices slipped into the negative territory in the previous session despite some intraday recoveries.

By Jorgelina do Rosario and Elisa Martinuzzi