Economy Financial News

29.09 / 16:39

Target Digital Platform economy track social Framework Trai seeks views on policy framework for economic development driven by 5G ecosystem

Digital Transformation Through 5G Ecosystem", the Telecom Regulatory Authority of India (Trai) has identified emerging technologies like drones, the internet of things, and metaverse, among others, that can boost 5G utilisation and later on 6G. «The authority has come out with consultation paper on suo-moto basis to identify the policy challenges and suggest the right policy framework for faster adoption and effective utilisation of new technologies for the holistic and sustainable development of economy driven by 5G ecosystem,» the regulator said.

29.09 / 16:39

Citi Action economy Remark Continental Hudson country UN lacks credibility and, to large degree, effectiveness: Jaishankar

United Nations, External Affairs Minister S Jaishankar on Friday said the world body lacks credibility and, to a large degree, effectiveness. Without naming India, Jaishankar lamented that the fifth largest economy of the world is not in the United Nations Security Council. Jaishankar made the remarks while participating in a discussion at Hudson Institute in Washington, DC.

29.09 / 16:33

UPS Provident Lowe's economy DXY Is the US Dollar Finally Losing Momentum?

The US dollar index, after reaching a peak of 106.84 during its 11-week bullish streak, now faces the risk of ending this streak by potentially falling as low as 105.5.

29.09 / 16:03

Progressive economy WhatsApp social Union Minister Anurag Thakur cites factors hindering India's progress towards $5 trillion economy: ‘Need to dismantle….’

Anurag Thakur said that India must display its commitment to preserving its hard-earned economic strength. The minister added that such illicit trades fund acts of terror.

29.09 / 15:15

COST FIVE Cooper economy WhatsApp track Government's gross liabilities rose 2.2% sequentially in June quarter

₹159.54 trillion at the end of Q1 FY24 from ₹156.09 trillion at the end of Q4 FY23. The Indian government’s fiscal deficit during the first five months of the current financial year stood at ₹6.43 trillion, or 36% of the annual estimates of ₹17.87 trillion, according to the data released by the Controller General of Accounts on Friday.

29.09 / 14:03

Citi Provident economy Experts show social Department Indian CSR funds can breathe new life into Indian tourism

₹175 crore in FY19 to ₹362 crore in FY22, a year-on-year increase of 27%. This is still less than 3% of the total CSR spending leaving the bulk of funds untapped for tourism development. If planned better, “Adopt a Heritage 2.0" can leverage these funds to create thriving tourist ecosystems across India, and those ecosystems are sorely needed.

29.09 / 14:01

UPS ETF NASDAQ DOW economy reports Rocky 4 Factors to Watch Out for in October as Wall St. Wraps Up Rocky September

Stocks on Wall Street tumbled throughout September as renewed worries over inflation and fresh uncertainty surrounding the future path of the Federal Reserve’s interest rates rattled investors.

29.09 / 13:19

UPS economy pandemic performer country 2020 Revisions show UK economy no longer the post-pandemic laggard

By David Milliken and Andy Bruce

29.09 / 13:05

UPS NASDAQ Strategy economy COMPOSITE show track The 2023 Stock-Market Rally Sputters in New World of Yield

It seemed like nothing could stop the 2023 market rally. Then the third quarter arrived. Yields on longer-term government bonds soared, blunting the advance of a stock market powered by richly valued technology shares.

29.09 / 12:57

Provident Fighting Mobile economy show performer country Indian Time Time to change size and scale of Indian industry: Amit Shah

Home Minister Amit Shah said on Friday that the time has come to change both the size and scale of the Indian industry and the need of the hour is companies should go multinational. Addressing the 118th annual session of the PHD Chamber of Commerce and Industry (PHDCCI), he said the network of small industries along with big industries will have to be strengthened, and the chamber will have to come forward strongly to provide guidance and infrastructure in this.

29.09 / 12:33

Lowe's Target economy DXY band performer testing US Dollar, Oil Overbought: Will They Correct Enough?

They are two of the world’s biggest trades and both are overcrowded on the long side, with charts suggesting the need for meaningful corrections.

29.09 / 12:15

Provident economy ICE country beautiful travelers Your Iceland holiday is about to get more expensive, all thanks to a new tourism tax

Iceland is responding to the exponential growth of tourism and its impact on the country's pristine wilderness by turning to tax measures, according to Prime Minister Katrin Jakobsdottir. In an interview with Shery Ahn on Bloomberg Television from New York, Prime Minister Jakobsdottir acknowledged the significant and rapid expansion of tourism in Iceland over the past decade. This growth not only affects the environment but also exerts pressure on the unspoiled natural landscapes that draw visitors to the island. To address the climate impact of increased travel, Iceland is considering the introduction of taxes for tourists staying in the country.

29.09 / 12:05

UPS Target economy President cover Inflation drops sharply in Europe. It offers a glimmer of hope, but higher oil prices loom

Inflation has sharply dropped in Europe

29.09 / 12:05

UPS DOW economy DAX reports Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday

Shares are higher in Europe after a mixed day of sparse trading in Asia, where many markets were closed for public holidays

29.09 / 12:05

Citi Booking economy pandemic country travelers Millions take to China's railways, roads, air for autumn holiday

Many millions of Chinese tourists are expected to travel within their country, splurging on hotels, tours, attractions and meals in a boost to the economy during the 8-day autumn holiday period that began Friday

29.09 / 11:55

NYSE economy Matthews President stage reports patient Investors fear US data disruption from looming government shutdown

By Laura Matthews

29.09 / 10:13

Provident Manufacturing Gap economy CAD country Mint Explainer: What the widening current-account deficit means for the economy

New Delhi: India's current account deficit (CAD) widened in the April-June quarter to $9.2 billion or 1.1% of GDP from $1.3 billion in the preceding three months. The September quarter is expected to see a substantial widening of the deficit as the trade balance has been worsening sequentially, oil and higher core imports are rising, and services exports are slowing further. Mint explains the relevance of the data in the context of the Indian economy The current account measures the flow of trade, including goods and services and investments in and out of a country.

29.09 / 09:46

Reuters economy Boeing Browser show information recommendations UK business confidence slips in September: Lloyds Bank

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29.09 / 09:46

UPS economy Browser country reports 500 UK households face tax rise of £3,500 a year by next election, finds IFS

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29.09 / 09:37

COST Target Digital economy country 2020 Euro zone inflation falls to lowest in 2 years as economy slows

FRANKFURT (Reuters) — Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth.

29.09 / 09:37

UPS Lowe's Target economy Morningstar shock 4 Key Reasons US Treasury Market Selloff Is Likely to Continue in the Months Ahead

A perfect storm may be brewing for the bond market as a combination of factors drives yields higher.

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