Pandemic Financial News

US Federal Reserve Chair on Friday said the time has come for the central bank policy to adjust, indicating rate cuts anytime in the near future. «The upside risks to inflation have come down,» Powell said while addressing the Jackson Hole Symposium.

Remote work, a trend that sprang to prominence during the Covid-19 pandemic, appears to be an entrenched fixture of the U.S. labor market, according to economists.

Meera Mukherjee: Breaking Moulds, there is a lovely anecdote about how the late sculptor’s tryst with art started. “It all began at the chaukhat of their home in Calcutta. Meera sat with her Maa to decorate the doorway with alponas while the rest of the house was bustling with the celebrations of Laxmi Pujo," writes author Vaishali Shroff in this book from Art1st Book’s Art Exploration series meant for kids aged eight-plus, illustrated beautifully by Shivam Choudhary.

ET Markets analysed data of all companies with a market capitalization of at least Rs 5,000 crore and found that there were 40 companies which reported over 50% drop in their net profits in Q1.

Chancellor Olaf Scholz has pledged that his government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty

BCCI) has released the full schedule for India's tour of England for 2025, which includes five test matches. Prior to this the England team will be visiting India to play five T20Is and three ODIs. India's tour to Englad is particularly crucial for India, as they seek their first series win in England since 2007 and aim to strengthen their position in the ICC World Test Championship 2025-27 cycle. India last toured England in 2021 for a series of four Tests under the captaincy of Virat Kohli, leading 2-1 before the final match was rescheduled to July 2022 due to the COVID-19 pandemic. In that decisive Test at Edgbaston, led by Jasprit Bumrah, India lost by seven wickets, resulting in a 2-2 draw and missing the chance to secure a series win in England.

A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country's biggest trading partner

The Bank of Canada’s view that the worst is behind us was challenged recently by warning signs from two key sectors of the economy, say economists.

U.S. officials say they referred 43 cases of unruly airline passengers to the FBI for possible prosecution in the last year

Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off

117, the world's oldest person passed away and shared a heartbreaking farewell note. After French nun Lucile Randon passed away in January of last year at the age of 118, Maria Branyas Morera, a Spanish retiree, was awarded and felicitated with the amazing title of being the oldest living person in the world. Maria Branyas Morera, who survived two pandemics and two world wars, died peacefully and without pain in her sleep, just as she had desired. She gave great pieces of advice and will always be remembered for her kindness, as quoted in a report by The Sun.

Retail investors have grown used to riding the wave of the peaks and troughs over the last few years, from pandemic era paranoia to various macroeconomic events, including two ongoing wars.  When the S&P 500 plummeted by 5.9%, Nasdaq by 8% and the Tokyo's Nikkei 225 slid by as much as a 12% in the first five days of trading in August, according to data from MarketWatch, retail investors overwhelmingly opted against trimming their portfolios.  'Today is going to be carnage': How funds dealt with a week of market volatility Instead, many took advantage of the fire sale was underway w...

Steel Authority of India (SAIL), a steel behemoth, and Infosys, the iconic IT services company? They are as different as chalk and cheese, but, interestingly, both are getting more flexible about their workplace policies and, in the process, paving the way to explore new work models for organisations. In May, SAIL announced the Work from Other than Workplace (WoW) policy. Under this policy, employees could choose to work from a place other than their normal office/base location.

From a batch of MBBS students who had seen Covid pandemic break out as they learnt their craft, she had chosen respiratory medicine as her specialisation. At RG Kar, the campus she called her «second home», she immersed herself in patient management, the report said further. On August 9, after a shift and study cycle that stretched for 36 hours without a break, she had dozed off on a platform in the college's seminar room when she was sexually assaulted by one or more individuals (still the subject of a probe), and murdered in an attack of depraved brutality. Interns and fellow postgraduate trainees who had come to the seminar room the next morning found her body. Her laptop, a notebook & cellphone lay intact beside it.

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing, medicine, and food

Mpox by health officials in the region.

mpox cases are now being reported outside Africa too. Sweden has confirmed its first case of mpox on Thursday just as Pakistan reported three cases. China's customs administration said it will monitor people and goods entering the country for mpox for the next six months. Danish drugmaker Bavarian Nordic said Thursday it was ready to produce up to 10 million doses of its vaccine targeting mpox by 2025, The WHO’s declaration of mpox as a global health emergency aims at galvanizing action and resources to mitigate the spread of the virus.

Former Assistant Treasury Secretary for Economic Policy Michael Faulkender says there is nothing changing to cause a cutback on the inflationary pressures on 'Kudlow.'

Nifty delivered a 4% year-on-year (YoY) growth in profit after tax (PAT), surpassing Motilal Oswal's estimate of 3%. This is the slowest growth since the pandemic quarter of 2020. Nifty heavyweights HDFC Bank, Tata Motors, ICICI Bank, Maruti Suzuki, and Tata Consultancy Services (TCS) contributed 127% of the incremental year-on-year earnings growth. In contrast, Bharat Petroleum Corporation (BPCL), JSW Steel, ONGC, Reliance Industries (RIL), and Grasim Industries had a negative impact on Nifty earnings, according to a preview note by the brokerage. State-run Coal India, Dr Reddy's Laboratories, Apollo Hospital, Adani Ports & Special Economic Zone (APSEZ), and Tata Steel have received earnings upgrades from Motilal Oswal. In contrast, BPCL, Bharti Airtel, Hero MotoCorp, JSW Steel, and IndusInd Bank are the top five earnings downgrades.

₹27 lakh for the batch of 2022-24, unchanged from the previous 2021-2023 group, but higher than ₹26.5 lakh for the students of 2020-22 session. The institute, which last worked upon its course in 2020, is again reviewing it to improve engagement with companies so that placements do not suffer, "irrespective of the markets", said Chatterjee. The campus placement reports of some of the older IIMs also show a dip in the median compensation.

Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech coming up in North Carolina