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«I would say that the broader trend for the market still looks up because one would believe that the slowdown what we are seeing is temporary cyclical slowdown, to some extent impacted because of the government spending in the first half has been weaker because of elections and it took time for the ministries to be formed so that is now gaining momentum,» says Mahesh Patil, CIO, Aditya Birla Sun Life AMC. It has been pretty much more of the same, this phase of consolidation that is kicking in. Do you believe that the undertone of the market is still looking bullish and that, yes, there may be speed bumps along the way, but by and large, we are okay? Mahesh Patil: We have seen the momentum clearly has kind of broken down what we saw earlier. And not only the market it is more to do with the earnings momentum. So, the strong earnings growth what we saw in the last three years until FY24, so that in the last two quarters has kind of slowed down and for the first time we have seen downgrades to earnings after the second quarter and the first quarter numbers. So, clearly there is some bit of a slowdown and that is leading to a sluggishness or even for the matter we have seen that the market breadth also has weakened quite a bit. Now that is kind of coming back.

Subscribe to enjoy similar stories. Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. The first was on retail inflation, which breached the 6% upper tolerance limit in October, climbing to 6.21%, the highest since August 2023.

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.

automatic work permit renewal period for spouses of H-1B and L-1 visa holders from 180 days to up to 540 days. This change, effective January 13, 2025, applies to applications filed on or after May 4, 2022. The extension aims to prevent work interruptions due to processing delays, a problem previously reported. Spouses of H-1B visa holders (H-4 visa) seeking green cards and spouses of L-1 visa holders (L-2 visa) are eligible for work permits. “Since January 2021, the American economy has created more than 16 million jobs, and the Department of Homeland Security is committed to helping businesses fill them,” said Secretary of Homeland Security Alejandro N. Mayorkas.

Subscribe to enjoy similar stories. Dr. Vikram Ambalal Sarabhai, father of India’s space programme, once said, “We do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space flight.

Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve

Professional Capital Management CEO and founder Anthony Pompliano analyzes whether to buy bitcoin, the de-banking debate and latest developments in the UnitedHealthcare CEOs fatal shooting.

The World Bank forecasts that Myanmar's economy will contract this year, as flooding and fighting take a severe toll nearly four years after the military ousted its government headed by Aung San Suu Kyi

Midsize three-row SUVs are among today’s primary modes of family movement, but some are roomier than others

U.S. stocks are rising after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve

Sanjay Malhotra, a career civil servant, has become India’s new central bank governor at a time when the country’s economic growth is slowing and inflation is surging

Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated

Here’s the Bank of Canada’s official statement for its rate decision:

The Bank of Canada cut its benchmark lending rate by 50 basis points on Wednesday to 3.25 per cent.

The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets.

Consumers saw inflation pick up slightly in November, as price increases in categories like groceries, gasoline and new cars outweighed a deceleration in others like shelter during the month.

In an exclusive interview with FOX Business Edward Lawrence, Federal Reserve Bank of San Francisco President Mary Daly talks next rate decisions, keeping the economy in a good place and potential impacts from a second Trump administration.

Subscribe to enjoy similar stories. President-elect Donald Trump said his administration would speed the approval of big construction projects for companies that invest more than $1 billion, signaling his intention to push the limits of federal law to boost the economy. In a post on his social-media site, Truth Social, Trump said Tuesday that any person or company investing $1 billion or more in the U.S.