Shock Financial News

By David Lawder

A strong pick-up in private investment is yet to materialise, and the desirable overall investment rate of 35% is still “some distance away”, says TT Ram Mohan, member, Prime Minister’s Economic Advisory Council. In an interview with Priyansh Verma, Mohan says that India’s economy in FY25 will grow at a slower rate than the projected 7% in the current fiscal. “It may be appealing to talk of taking our growth rate to 8% but such talk will not take us anywhere,” he notes. On RBI’s monetary policy, Mohan says that India is not in a position to sacrifice growth in order to reach the 4% inflation target in the short-term.

Mickey Mouse has traded his cheerful persona for a menacing turn in the horror comedy film "Mickey Mouse Trap." Breaking away from the familiar realm of animated joy, this surprising venture unfolds on the first day Disney's classic "Steamboat Willie" entered the public domain. Brace yourselves for a spine-chilling ride as we explore the shocking transformation of Mickey Mouse into an unlikely antagonist, set to star in a horror thriller that has already begun to make waves in the film industry.

housing demand in India. The affordable housing segment, by virtue of being in the smaller ticket segment, is relatively less rate-sensitive than the mid and luxury segments. Rate hikes of 250 bps in a short period of less than a year have had some impact on the consumer's psyche and we did see some degree of postponement in purchase when the cycle was underway.

Jr NTR was already somewhat of a sensation in Japan after the phenomenal success of the 2022 magnum opus ‘RRR’. However, a thoughtful gesture towards the earth-quake-stricken country has made the ‘Janatha Garage’ star even more popular in the ‘Land Of The Rising Sun’. Taking to X (formerly Twitter) on Tuesday, the ‘RRR’ star extended his support to Japan and her citizens. “Back home today from Japan and deeply shocked by the earthquakes hitting. Spent the entire last week there, and my heart goes out to everyone affected. Grateful for the resilience of the people and hoping for a swift recovery. Stay strong, Japan,” wrote the actor. The post went viral on the microblogging site, gaining more than 39K likes and 887K views.

Jr NTR returns from Japan after series of powerful earthquakes jolt the country According to the Japan Meteorological Agency, more than 140 tremors were detected since the quake first hit on Monday. The agency has warned more strong shocks could hit in the coming days. The Japanese government has sent around 10,000 quake survivors to sports halls and school gymnasiums, commonly used as evacuation centres in emergencies.

Supreme Court, claiming they suffered from many «defects and discrepancies». The Lok Sabha had on December 21 passed three key legislations — the Bharatiya Nyaya (Second) Sanhita, Bharatiya Nagarik Suraksha (Second) Sanhita, and the Bharatiya Sakshya (Second) Bills. President Droupadi Murmu gave her assent to the bills on December 25.

Benjamin Kiplagat has died. According to local media reports, the 34-year-old athlete, who represented Uganda at three Olympic Games and six World Championships, was found dead in Kenya. Confirming it, Kenyan police in the city of Eldoret said that they have begun a probe into the death of the runner. Kiplagat reached the semi-finals of the 3,000m steeplechase at the 2012 Olympics in London. He won 2008 world junior silver in Poland & 2012 Africa Senior bronze in Benin. Kiplagat had been training in the Eldoret area before going to Uganda to participate in athletics competitions.

weight loss, and hitting the gym. Especially due to the pandemic-induced shock, the majority of people are focussing much on health and fitness and this is a growing category.

The year 2023 has been marked by major global economic shocks such as the Russian-Ukraine war, NATO tension, stressed US-China relations, energy and food crisis, cyber-attacks, and climate risk. These shocks have led to significant geo-political reorientation. It has also resulted in an impending economic downturn in western economies, placing the global economy in a very vulnerable position. COVID-19 is another polarizing issue with many economic and social ramifications. India’s GDP and economic growth rate have also been adversely affected by these global tensions.

Arvind Panagariya is expected to start consultations with all states once the chairperson and members assume charge. Revenue sharing among states is a controversial subject given that there is always fund crunch and the welfare needs are different. Besides, in a vastly diverse country, the parameters have to accommodate the interests of all the states which are on different development trajectories.

HONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? The Chinese internet sector has lost more than $1.2 trillion in market value since the start of a regulatory crackdown that has resulted in fines, troubled restructuring attempts and changes to business strategies.

Head of state. Commander in chief. Oil-trading whale? President Biden’s unprecedented release of oil from America’s petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market.

Xi Jinping's military modernization drive amid geopolitical tensions, analysts say. China's top lawmakers ousted nine senior military officers from the national legislative body on Friday, state media reported, a step that typically precedes further punishment for wayward cadres. Many of these were from the Rocket Force — a key arm of the PLA overseeing tactical and nuclear missiles. The purges are a setback for Xi who has pumped billions into buying and developing equipment as part of his modernising efforts to build a «world-class» military by 2050, with Beijing's outsized defence budget growing at a faster pace than the economy for some years. The recent downfall of generals and military equipment suppliers, however, has punctured some of this aura, and raised questions over whether there has been adequate oversight over these massive military investments as China vies with the United States in key areas, including Taiwan and the South China Sea. Since Xi took power in 2012, he has embarked on a wide-ranging anti-corruption crackdown among Communist Party and government officials, with the PLA being one of its main targets. The nine PLA generals removed from the legislature hailed from several military divisions; three were former commanders or vice commanders of the PLA Rocket Force; one a former Air Force chief and one a Navy commander responsible for the South China Sea. Four officers were responsible for equipment. «It is a clear sign that they are being purged,» said Andrew Scobell, Distinguished Fellow for China at the United States Institute for Peace.

Hulk Hogan's daughter, Brooke Hogan, has pleasantly shocked her fans with the revelation that she quietly tied the knot with professional hockey player Steven Oleksy more than a year ago. The intimate ceremony occurred on June 8, 2022, in Orlando, FL. A glimpse of the couple, brimming with joy, has been shared, capturing them hand-in-hand after the wedding.

Endurance Technologies Ltd. with a target price of Rs 2000.

Gypsy Rose Blanchard, who conspired with her online ex-boyfriend to kill her mother, has been released from prison.Gypsy, now 32, was originally handed a 10-year sentence after she encouraged her then-boyfriend Nicholas Godejohn to kill Clauddine (Dee Dee) Blanchard in June 2015.On Thursday, after serving over eight years behind bars, Gypsy walked free. She left the Chillicothe Correctional Centre in Missouri around 3:30 a.m.

With 2024 around the corner, it is a good time to take stock of the prevailing political uncertainties around the world and their possible economic consequences. It is a vast subject. In this short column, I will touch on only a few key political fault-lines and share some speculations on their possible economic consequences.

₹50,000 had at least one overdue personal loan. Das said the health of the financial system is steadily improving on the back of multi-year high earnings, low level of stressed assets, and strong capital and liquidity buffers at financial institutions. “We have made significant progress since the onset of the covid-19 pandemic in steering the economy and the financial system.

Bank of America reviewed Huawei-owned AITO’s M9 SUV following the vehicle’s official launch on December 26th. AITO is offering the M9 in both EREV and BEV versions available in Max and Ultra variants.

NEW DELHI : India is expected to sign a much-awaited deal on two more pillars of the US-led Indo-Pacific Economic Framework—clean economy and fair economy—early next year, two officials aware of the matter said. India’s law ministry is currently vetting proposals for IPEF’s clean economy and fair economy pillars, following which the commerce ministry will move for cabinet approval, the officials said. “Both the pillars are very important for the country.