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Also read: Women Equality Day today: Know significance and history In his recent post on X (formerly Twitter), Nithin Kamath said, “Empowering women to join the workforce is an obvious way to increase our economic growth. Our female labor force participation rate is among the lowest in the world." He also underlined thed drastic fall in female labour force participation rate from 30% to 20% post 90s era.

Fitch’s recent downgrade of the U.S. debt rating alarmed investors as the deficit and debt steadily increased. The downgrade sent 10-year Treasury bond yields above 4%, causing concern about America’s deteriorating financial condition. The problem is that if radical steps aren’t taken to curb spending, such will cause interest rates to rise. To wit:

Sui Network (SUI) appears to be in the midst of a relief rally, after SUI pushed up +30% over the last week - but with upper trendline resistance stalling upside momentum - is it too late to buy SUI?

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Once again, the low cost of Chandrayaan-3 is being highlighted by comparing it to movies. At nearly $75 million, it is cheaper than 2014 sci-fi movie 'Interstellar' and even the recent Bollywood movie 'Adipurush' which cost slightly more than the mission.

Pakistan rupee hit 300 to the U.S. dollar in interbank trade on Thursday, traders said, as it touched a record low for a third consecutive day. The currency closed at 299.6 against the dollar on Wednesday, extending losses from the previous day, when it had weakened to close at 299 to the U.S.

HDFC Capital Advisors and the House of Abhinandan Lodha (HoABL) have formed an alliance to set up a joint venture platform with investments of over ₹1,500 crore to undertake both plotted developments and low-rise projects across key property markets in India. HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over ₹4,500 crore. «We believe there is a significant unmet demand for mid-income low-rise housing in the peripheral areas of tier 1 cities and tier 2 cities, driven by improved connectivity on the back of rapid development of road, rail and air infrastructure projects across India,» said Vipul Roongta, MD & CEO, HDFC Capital Advisors. According to him, through this platform, HDFC Capital will continue to focus on partnering with trusted realty brands to meet the increasing demand for high-quality low-rise developments at affordable prices. «The joint venture with HDFC Capital is a testament to our shared vision of creating exceptional living experiences. By combining our expertise and resources, we are set to redefine the landscape of branded low-rise projects.

If the world ever stood a chance at landing on and... moreIf the world ever stood a chance at landing on and exploring Moon’s south pole, it is now.

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication.

While sales of previously occupied U.S. homes fell again last month, the national median home sales price rose to $406,700, marking its first annual increase since January, the National Association of Realtors said Tuesday

wheat stocks held with the Food Corporation of India (FCI) is at its lowest in the month of August since 2017. However, the government has set a target of procuring 521 lakh metric tonnes of rice for the kharif marketing season 2023-24 against last year's 495 lakh metric tonnes. While the low stocks are worrying from inflation point of view, experts said it is not a concern from the food security angle. The total foodgrain stocks with the FCI on August 22 are 523.35 lakh metric tonnes, out of which 242.96 lakh metric tonnes are rice and 280.39 lakh metric tonnes is wheat. «While this is not worrying from a food security point of view since the stocks are still higher than the required norms, there is an overall hit to production this year which will keep the pressure on prices though government intervention by increasing domestic supplies can soften the price impact to some extent» said Dipti Deshpande, principal economist, Crisil, adding that India has historically stored more than required norms and so the current levels are not worrying. With acreage under rice increasing this kharif season, the country will be fine on the rice side, said Rahul Bajoria, MD & Head of EM Asia (ex-China) Economics, Barclays adding, «wheat could be a little bit of a worry.» Sowing of wheat happens in the rabi season which commences in October. The Centre's procurement of wheat under its minimum support price (MSP) program, which is crucial for keeping its wholesale rates under control, stood at around 26.14 million tonnes much below the target of 34 million tonnes. This has led the prices to stay firm, even during the harvest season, when they should be on the lower side.

The second quarter was tough for Canadian banks, with higher provisions for potential credit losses and escalating costs for employees and technology eating into earnings. But the extent to which the trouble spills over into third-quarter results, which the banks will report beginning Aug. 24, has sector watchers divided.

Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action.

IMD) on Tuesday said that low to moderate flash floods can occur in multiple districts of the state in the next 24 hours. «Low to Moderate flash flood risk is likely over a few watersheds and neighbourhoods of Chamba, Kangra, Kullu, Mandi, Shimla and Sirmaur in Himachal Pradesh during the next 24 hours,» bulletin issued by IMD said.Met department further said that surface runoff and Inundation may occur at some fully saturated watersheds and low-lying areas due to expected persistent rainfall. Earlier as many as 10 people, who got stuck in a motorboat at the Kol dam reservoir in Himachal Pradesh's Mandi after their vessel malfunctioned, were rescued in a midnight operation, NDRF officials said on Monday. According to officials, personnel of the 14 Battalion of the National Disaster Response Force saved the lives of the 10 persons who were trapped in the dam.

dollar on Tuesday, traders said. The rupee has continue to decline as the country's caretaker government struggles to stabilise the crisis-ridden economy. Its previous record low was 298.93, which was hit on May 11.

Last Monday, the rupee slipped below the psychological level of 83 per U.S. dollar for the first time since October 2022, when it hit a record low of 83.29. Indian exporters last Monday and Thursday hedged a total $3.6 billion via forwards, data from clearing house CCIL shows.

crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Saudi Arabia volunteered to cut output by another 1 million barrels per day (bpd) from July through September, and Russia will reduce exports in August by 500,000 bpd, part of a deal among members of the Organization of the Petroleum Exporting Countries and its allies, a grouping know as OPEC+, to curb supplies and support prices. India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season.Russian oil imports declined 5.7% to 1.85 million bpd and Saudi shipments fell by 26% to 470,000 bpd, the data showed. India imports more than 80% of its overall oil needs. Indian refiners that have been diversifying their oil import sources to cut costs began snapping up Russian oil at a discount as some Western companies stopped purchasing from Moscow following its invasion of Ukraine in February 2022. India's import of Russian oil may now decline further in August and September, however, as refiners plan maintenance at their plants and as Russian crude prices are above the $60-a-barrel ceiling imposed by the European Union and G7 economies after spot discounts shrank, sources said. Russia was still the top oil supplier to India in July, though, followed by Iraq and Saudi Arabia.

textile sector which has conventionally served as the bedrock for most of its industrial labour is staring at a gloomy future. Once a thriving sector of Pakistan's economy, the industry now struggles with low exports amid a deepening crisis. The past two years have seen the country’s finances struggling including forex reserves, inflation, debt to GDP ratio, fiscal and current account deficit.

cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets. On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed. It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since June 16.

rupee is within a whisker of a record low, but it’s still a favored emerging-market currency with some investors. A reserves stockpile of $600 billion, more than $16 billion worth of foreign inflows for stocks this year and economic growth forecast at 6.5% are among the reasons behind the optimism for Neuberger Berman Singapore and Columbia Threadneedle Investments. “The reserve number is very comfortable right now,” said Prashant Singh, senior portfolio manager for emerging-markets debt at Neuberger Berman Singapore, who favors the rupee.

The price of Bitcoin fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward, but that was obviously not the case. With the substantial liquidations, it’s important to address whether professional traders gained from the price crash.