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Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators. For each indicator, the value in each month is assigned a colour-coding (red, amber and green) to denote where it lies relative to the five-year average (worse, in line, or better).

Genus Power Infrastructure hit 5% upper circuit at Rs 271.6 in Friday's trade after its step-down wholly owned subsidiary bagged a Rs 2,247.37 crore smart meter order. The order includes designing an advanced metering infrastructure (AMI) system with supply, installation and commissioning with FMS of 24.18 lakh smart prepaid meters, system meters including OT meters with corresponding energy accounting under DBFOOT model (HYBRID Model, CAPEX Plus OPEX), the company said in an exchange filing. «We foresee the robust surge in order volumes to continue in the upcoming quarters of fiscal year 2024,» the company said. Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures said, “We are delighted to announce the win of yet another major order for smart meters. This is the third such order in the last two months, and it is a testament to the trust that our customers have in our capabilities." «Our total order book now stands at around Rs.

BHEL) jumped nearly 8% to hit their 52-week high of Rs 130.55 on the NSE in Friday's trade after the state-run bagged an order from NTPC for setting up a thermal power project in Chhattisgarh. The stock has remained undefeated over the past five trading sessions and gained over 24% in this rally. Today’s price action was accompanied by strong volumes as more than 4 crore shares traded on the NSE. The traded value of the shares stood at Rs 5,136.80 crore. The stock was trading in an overbought zone with day’s RSI and MFI at 73.6 and 81.8 according to Trendlyne data.

Union Sports Minister Anurag Thakur felicitated the International Chess Federation FIDE World Cup 2023 runner-up R Praggnanandhaa and his parents on Friday. Speaking during the felicitation programme, Thakur said, "I congratulate him. He has made India proud.

Adani Power shares opened lower and went on to make intraday low of ₹312.25 apiece on NSE, logging over one per cent dip against its Thursday price. Similarly, Adani Enterprises shares are also swinging in gain and loss while Adani Green Energy, Adani Ports, Adani Total Gas, Adani Transmission, Adani Wilmar, etc.

Hiring dipped 3% month-over-month, according to talent platform foundit's Insights Tracker, presenting the latest findings on hiring trends for August 2023. In addition, e-recruitment activities in India fell by 5% in August 2023 compared to August 2022. The index further dropped from 275 in August 2022 to 260 in August 2023.

The counter opened at Rs 672.25 and touched an intraday high and low of Rs 687.6 and Rs 672.15, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd.

Elon Musk on Friday said that X Corp (formerly Twitter) will not use users' data to train its machine learning (ML) and artificial intelligence (AI) models. The tech billionaire reacted after X updated its privacy policy, seeking permission from users to start collecting their biometric data and employment history.

Manufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China. Factories in North Asia experienced weaker new orders, output and export sales, according to manufacturing purchasing managers’ surveys published Friday by S&P Global and au Jibun Bank. The purchasing managers’ index for trade bellwether Taiwan was little changed at a subdued level of 44.3 last month from 44.1 in July, while South Korea’s gauge slumped to 48.9 from 49.4 during the same period. Seoul reported a similarly gloomy reading on industrial production on Thursday, showing a bigger-than-expected drop in July, marking its longest stretch of output decline yet. Japan’s PMI was unchanged at 49.6, below the 50 mark that separates expansion from contraction.Southeast Asia, which until recently was a bright spot, showed the weak sentiment was rubbing off on factories in the region.

By Sahil SwaroopNTPC’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily is showing bullish momentum.

China released the 2023 edition of its 'standard map' on August 28, showing India's Arunachal Pradesh and Aksai Chin as part of its territory. The map also shows China's claims in the South China Sea over the exclusive maritime zones of countries such as Malaysia, Brunei, the Philippines, Indonesia and Vietnam.

G20 Summit weekend: The national capital is gearing to prepare for the upcoming G20 Summit which will be held from 8-10 September. From traffic restrictions, schools closed to shops, commercial and business establishment closed, people in Delhi are looking for nearby short getaways.

Rishabh Instruments IPO: The initial public offering (IPO) of Rishabh Instruments Limited opened for bidding on 30th August 2023 and it will remain open for subscribers till 1sst September 2023. This means, investors have just one day in hand to apply for the public offer as Rishabh Instruments IPO subscription date is ending today evening. In two days of bidding, the Rishabh Instruments IPO subscription status reveals that the book build issue has been subscribed 2.46 times whereas its retail portion has been subscribed 2.79 times.

US Federal Reserve will not hike interest rates further. The US dollar index - which measures the currency against a basket of six developed-market peers, including the euro, sterling and yen - edged 0.05% lower to 103.58 on Friday, bringing declines this week to 0.53%. On Thursday, the rupee ended 6 paise lower at 82.79 a dollar.

Also Read: OpenAI goes for Microsoft’s pie with enterprise offering The improved outlook comes as the company benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products. The company is expected to see a demand boost for its PowerEdge servers and generative AI designs with Nvidia from rising investments in AI by Big Tech companies.

OTT platforms this week. Let's dive into what's new as we check OTT releases this week for movies and web series. This is a Netflix interactive movie starring Laura Marano, Avan Jogia and Scott Michael Foster.

Gold rose on Friday and was poised for a second straight weekly gain, helped by diminished chances of U.S. interest rate hikes this year after a data-filled week that concludes with the pivotal jobs report later in the day. FUNDAMENTALS * Spot gold gained 0.2% to $1,942.56 per ounce by 0130 GMT, looking set for a more than 1% weekly gain after prices touched one-month highs on Wednesday.

rising wages. The yen has come under pressure in recent months, weighed by the Bank of Japan's ultra-loose monetary policy, which has in turn inflated the costs of imported goods. The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) was at 49.6, unchanged from the previous month and slightly down from the flash reading of 49.7. It was the third month the index has come in below the 50.0 threshold that separates growth from contraction. Output and new orders, which contribute the most to the headline figure, remained in contraction, although the reduction in orders was slower than in July, data by S&P Global Market Intelligence showed. Input cost inflation re-accelerated for the first time since September, while output price inflation slowed, squeezing companies' profits. Rising wages also fuelled cost pressures, according to the survey, with the subindex for employment showing the weakest growth in 29 months. «Firms noted that the filling of existing vacancies due to staff shortages were offset by a number of voluntary resignations as staff looked for higher paying jobs,» said S&P's Usamah Bhatti. The soft PMI reading comes a day after government data showed Japanese factory output falling more than expected in July, dented by weak demand for capital goods and electronic devices in China.

China stepped up efforts to support its housing sector and stabilise the yuan, though investors remained cautious ahead of U.S. jobs data that could make or break the case for further rate hikes. U.S.

India are set to rise steadily in single digit percentages over the coming years along with economic growth, according to a Reuters poll of property analysts who expect affordability for first-time buyers to worsen. Following a relatively modest 250 basis points of interest rate rises from the Reserve Bank of India to 6.50%, expectations of a resilient economy have underpinned property market strength, along with relentless demand for housing. Average home prices were expected to rise 7.0% nationally this year and next, according to the Aug. 14-31 Reuters poll of 12 property analysts, up from 6.0% and 5.5% in a June poll. The outlook was more upbeat and stable compared with companion polls of property markets in developed economies, where house prices are expected to fall or stagnate after surging as much as 50% during the COVID-19 pandemic. There was no such panic buying of property in India during the past three years, with modest rises of 2-3% annually leaving more room for house prices to climb. «Multiple factors are driving the real estate market in India: a healthy economy, market optimism, higher estimated GDP, economic diversification...(and) inflation is under control, which is adding to renewed optimism,» noted Ankit Kansal, managing director of 360 Realtors. While July consumer price inflation was running well above the top end of the RBI's 2-6% tolerance range, it is expected to ease back over coming months as food price inflation subsides.

Walking Dead' and the next season of 'Interview With the Vampire' can resume production despite the ongoing Hollywood strikes after reaching an agreement with the actors' union. The three AMC series are the highest-profile television productions yet to get what's known as an interim agreement from the Screen Actors Guild-American Federation of Television and Radio Artists. The approval was granted Wednesday because the cable channel AMC and production company Stalwart Films are not part of the Alliance of Motion Picture and Television Producers — the coalition of studios the actors are striking against — though they are what's known as «authorized companies» that abide by the contracts reached by the AMPTP. 'The Walking Dead: Daryl Dixon' and 'Interview With the Vampire' will now resume shooting their second seasons. And the deal will allow actors to do post-production work on the first season of 'The Walking Dead: Those Who Live.' No new writing will be allowed on the series because the Writers Guild of America, in perhaps the most significant divergence in strategy with the actors union, has opted not to grant any such agreements. SAG-AFTRA's tactic of granting interim agreements — which have been given to hundreds of films and shows produced outside the major studios so long as they grant actors the terms the union asked for in their last offer before the strike began July 12 — has drawn objections from many union members who feel they're undermining their objectives. Union leaders, while conceding that they did an insufficient job of explaining the strategy at first, have consistently defended it and touted its effectiveness in recent weeks.