Economy Financial News

Piyush Goyal said on Monday. “We should involve the scientific community and popularise sustainable practices in our industries,” he said. The minister was speaking at the inauguration of the 5th World Coffee Conference (WCC) at the iconic Bengaluru Palace, where he expressed his hope that the conclave would “brew a better world.” The WCC’s theme is ‘Sustainability through circular economy and regenerative agriculture.’ Praising the concept, Goyal said it resonated with the G20’s theme of ‘One Earth, One Family, One Future.’ “While sustainability is very relevant today, Basaweshwara, the 12th century saint from Karnataka, had brought forth the same concept in his philosophy that one must consume only as much as one needs,” he said. This is the first edition of the WCC taking place in Asia.

By Howard Schneider

By Karl Badohal, Pawel Florkiewicz and Gergely Szakacs

There is a rare and powerful trend occurring in bond markets.

ICC World Cup 2023: India is looking in top form ahead of the ICC World Cup 2023. The batting unit is churning out big runs against a strong bowling attack and the bowlers are also grabbing wickets. The recent Asia Cup win and series win against Australia have provided the team with much more optimism.

Check out the companies making headlines before the bell.

As the benchmark equity indices touch all-time highs, investors are looking for value in sectoral funds. In August, net inflows in these funds touched `4,806 crore, the highest among all equity mutual fund categories and a whooping 236% rise over July inflows. Sectoral/thematic funds accounted for 24% of the total monthly net flows in August on the back of five new fund offerings.

By Joice Alves

By Amanda Cooper

What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa.

Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut bets surfaced. The trade has all but fizzled out. 

soft landing of the US economy. Weakness in the US economy will have an impact on major economies across the globe.

Chinese regulators have taken a novel approach to prop up the country’s faltering stock market by banning many companies’ biggest shareholders from selling. The country’s $11 trillion domestic stock market has slumped this year after a post-Covid rally, hurt by a weak economy, an outflow of foreign money and a rising sense of nervousness among small investors. The CSI 300 index of the country’s largest listed companies is down 4.1% in the year-to-date period, following losses in the previous two calendar years.

Jerome Powell appears cautious as he acknowledges that such an outcome is merely a possibility which will depend on numerous factors beyond the control of the US Fed. Powell indicated that a "soft landing" for the economy is not the most likely or expected outcome, but it is still considered a possibility.

Indonesia may issue on Tuesday a regulation on the use of social media to sell goods in the country, President Joko Widodo said, a move intended to quell threats to offline markets in Southeast Asia's biggest economy. Ministers have repeatedly said that ecommerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.

₹625 crore. This fund will also be allocated to cybersecurity projects and be used by the cyber security response team: the Indian Computer Emergency Response Team (CERT-In). The sum allocated signals India's commitment to building a robust cybersecurity infrastructure.

Starting today, Mint’s Plain Facts section will bring out a monthly update on key global economic data to thread together the biggest developments that are worth paying attention to. The accompanying analysis and charts will explain how each story is creating ripples in the global markets, where it is headed in the coming weeks, and how it could possibly impact India. In September, rising oil prices, China’s economic slowdown, and a possible US government shutdown are leading the news.

A string of inflationary shocks has challenged the Federal Reserve’s effort to control price increases. Investors are worried the latest could be $100-a-barrel oil. Crude’s march closer to that mark has made Americans’ commutes more expensive.

A projected 23 per cent increase in Australia’s sheep flock since the last drought in 2020 has created a glut that has sent prices into free fall, as farmers scramble to sell before hot weather hits this summer.

But if you include students from other states of India who go to Canada for post-secondary education, the number could be near $20 billion. Such a huge amount of money pouring in every year from India underlines the importance of Canada-India ties. Rising consumer demand in India not only boosts the Indian economy but is now contributing to foreign economies too.How Indians fund Canadian education system College fees constitute a significant part of the total annual expenditure of Indian students in Canada, and the Indian money going into the education sector in Canada has made headlines in recent times. Indian students have even left behind the government in Canada in funding of the public education system. International students from India have outpaced the government of Ontario, a province in Canada, in funding public colleges, a recent report has highlighted. Given that tuition fee for international students is something like three times what it is for domestic students (exact data is difficult to pin down because Statistics Canada chooses not to track tuition fees at the college level), that means that something like 76% of all tuition fees in the sector come from international students, says a recent report published by Higher Education Strategy Associates, a Toronto-based consulting firm that provides research, analysis and strategic advice related to higher education.

financial year 2022-23, India's growth rate came in at 7.2 percent, higher than the RBI's estimate of 7 percent. However, the pace of growth was slower as compared to the 9.1 percent recorded in FY22. Coming back to S&P, the rating agency retained its growth forecast for the current fiscal at 6 percent, S&P also maintained that India's economy will grow 6.9 percent in both 2024-25 and 2025-26 fiscal years.