Pandemic Financial News

Bitcoin surpassed $40,000 for the first time since May 2022. In the early hours of Monday morning, the token added about 1% to trade at $40,005 on Monday in Singapore, taking its 2023 jump to 142%. Before the TerraUSD stablecoin collapse, Bitcoin was last at $40,000, contributing to a rout in digital assets.

IDBI Bank Ltd and a couple of other state-run banks. “Well, IDBI has been going on for years. Nothing has happened.

general elections, two people with direct knowledge of the matter said. However, the Centre could take a relook at some of these schemes, especially the ones started during the pandemic, for further rationalization in the next budget, these people added.

residential real estate market has prompted property developers to actively pursue and conclude transactions for land parcels, and the trend is not limited to metropolitan regions and peripheral locations but is also evident in tier-II and -III cities, too. Homebuyers' interest in plotted developments has spiked, particularly after the outbreak of Covid-19 pandemic. The buoyant demand for warehousing has also pushed finalisation of land deals higher. During the 22-month period from January 2022 to October 2023, real estate developers purchased about 3,294 acres of land.

Colliers-FICCI report. Flex space stock across the top six cities has almost doubled since 2019, and is currently at 43.5 mn sq ft, comprising 6.3% of the total Grade A office stock. India's flex space market has outpaced peers in the Asia Pacific region as it grew stronger and bigger post pandemic amid evolving workplace trends, increasing diversification of occupier-base and realignment of real estate portfolio by corporates. «The spurt in flex activity continued in 2023 as well, reinforcing the gradual shift in the way businesses are realigning their real estate portfolio decisions. By the end of 2023, flex space leasing is estimated to constitute an impressive 15-20% of overall office leasing and this is noteworthy.

The author behind the best-selling book «The Psychology of Money» is trying to relieve investor anxiety over market downturns.

Bank of India (RBI) forecasts retail inflation to average 5.4% in 2024-25. That would make it four straight years of higher inflation than RBI’s target of 4%. While inflation remains on the higher side, economic growth, though robust, has not been in double digits since the pandemic and was muted before that, but India’s employment rate has increased, according to Periodic Labour Force Surveys (PLFS) data.

FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the Covid-19 pandemic.

DeBeers completely revolutionized the Diamond industry through arguably one of the best marketing campaigns of all time….A Diamond is Forever. The famous line, coined by a young copywriter, Miss Frances Gerety in 1947, hit home at a subliminal level, creating a desire that enraptures with its magic and its promise.

Rosie and Alba are hard at work on their canvases, redefining the essence of abstract art — one tail swish at a time. To the untrained eye, their work at Bristol Animal Rescue Centre (ARC) could be seen as boisterous, childish at times and even just plain old messy. But the two canines have a far more important job than pleasing critics. Inflation and high interest rates across the UK plus people abandoning pets they bought during the Covid-19 pandemic has caused a surge in strays and stretched the ARC to its financial limits. «People just can't afford insurance and veterinary care and just to look after their dogs in general,» Bee Lawson, an animal behaviour specialist at the ARC, told AFP. «At the moment, we are just taking in strays because we are experiencing such a high level of dogs coming in.»

The demand for luxury holiday homes in India is on the rise, thanks to the country’s rapid economic growth and increasing disposable income. It’s not just the high net-worth individuals (HNIs) who are buying luxury villas in tourist destinations for self-use and investment purposes, but also the aspirational class who are keen on investing in properties in holiday destinations. This trend is reflected in the growing market size of holiday homes.

As the real estate market continues to evolve, experts are examining the factors that contribute to its growth and stability. In this analysis, we explore the current situation and offer insights into the potential trajectory of the real estate market.

ED) has registered a case of money laundering concerning the alleged fraud in setting up oxygen plants in hospitals during the COVID-19 pandemic, police said on Saturday. The police's economic offences wing (EOW) had on November 24 arrested contractor Romil Chheda of M/s Highway Construction Company for allegedly causing the Brihanmumbai Municipal Corporation (BMC) a loss of Rs 6 crore, an official said.

RBI Governor Raghuram Rajan's comments on India's GDP growth, KV Subramanian, Executive Director of the International Monetary Fund (IMF) and Former Chief Economic Advisor to the Government of India, expressed optimism. Speaking to ANI he highlighted the robust growth of the Indian economy, citing a 7.2 percent growth last year and a 7.7 percent growth in the first half of the current year.

Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector?

Relationships are weakening, while reducing the sense of safety and security, which, in turn, are causing fragmentation and spurring conflicts. This is becoming increasingly evident in both the geopolitical situation and the business world. And stakeholders, be it consumers, employees or the wider community, are looking at organisation leaders to cement the widening trust deficit. The CXO community has become cognisant of this responsibility and appreciate that building and retaining trust is not merely an amorphous 'feel-good' goal, but a very tangible asset that, in today's world, comes at a premium. From a stakeholder's perspective, trust enables transparent communication, creates a sense of security and cultivates confidence.

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation.

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₹1.68 lakh crore, as of November, as announced by the Ministry of Finance on December 1. Although the November GST collections of ₹1.68 lakh crore represent a 2 percent decrease from the October figure of ₹1.72 lakh crore, it marks the ninth consecutive month where monthly GST collections have consistently surpassed the ₹1.5-lakh-crore threshold. The most recent GST data brings the average monthly collection for the fiscal year 2023-24 to ₹1.67 lakh crore.

BERLIN (Reuters) — The downturn in Germany's manufacturing sector, which accounts for about a fifth of the country's economy, eased in November, a survey showed on Friday.

economy, India's housing market barely suffered a scratch from the Reserve Bank of India's 2.5 percentage points of interest rate rises from May 2022 through February this year. Average home prices were forecast to rise 6.8% this year and next, poll medians from a Nov. 16-30 survey of 12 property market experts showed, more than double the just over 3% increase in 2022 according to Reuters calculations based on the RBI's House Price Index.