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₹13.8 trillion, compared to ₹17 trillion in 2021-22. During the same period, gross financial assets of households grew 14% from a year ago to reach ₹29.6 trillion. However, the financial liabilities witnessed a substantial 76% growth during the period, outpacing the growth in assets.

FMCG), automotive and e-commerce sectors are expected to significantly increase their spending during the festive season, with an estimated growth of 12-14% over last year. Notably, some flagship programmes such as Kaun Banega Crorepati, Sa Re Ga Ma Pa and Khatron Ki Khiladi are already on the air, and once shows such as The Kapil Sharma Show and MasterChef India commence, they are expected to generate even more excitement. “This year’s sentiments are more positive compared to last year, when in the aftermath of the pandemic advertising revenues were severely impacted.

airport across Asia-Pacific and the Middle East in offering direct connectivity to foreign destinations, followed by the Doha and Incheon airports. In fact, the Middle East registered a 26% growth in total connectivity in 2022 compared to 2019, with direct connectivity to airports in North America, Africa and Asia-Pacific.

Edited excerpts: Why is Niantic entering India seven years after the launch of Pokémon Go? India has been a massive market for Android,and we are seeing fast adoption of new devices, with over 500 million active smartphone users. That is great for us, because for augmented reality, we need to have a graphics accelerator and advanced features in the phones. Today, you can find sub-$100 smartphones that have good enough features to match our needs, and within two years we may find similar features in sub-$50 phones, which will only expand the market.

Federal Reserve kicks off a two-day policy meeting on Tuesday with officials widely expected to keep interest rates on hold for now, but also flagging in new economic projections whether they feel rates still need to rise further before the end of the year. A new policy statement and interest rate decision will be released at 2 p.m. EDT (1800 GMT) on Wednesday, with Fed Chair Jerome Powell scheduled to hold a press conference at 2:30 p.m. to elaborate. Investors in contracts tied to the federal funds rate consider it a near certainty the U.S. central bank will leave the benchmark federal funds rate at the current range of between 5.25% and 5.5%, a step consistent with the Fed's shift to a slower and more considered pace of rate increases. From March 2022 through May 2023 the Fed raised rates at 10 successive meetings — by anywhere from a quarter to three quarters of a point — as it fought the worst rise of inflation since the early 1980s. In June the Fed paused, but the quarterly economic projections accompanying that decision showed 12 of 18 policymakers still anticipated two more quarter-point rate increases by the end of the year.

UK inflation is making the Bank of England's already difficult decision on when to pause rate hikes even harder. UK inflation data due out Wednesday will likely show that price gains notched higher to 7% last month from 6.8% in July, according to the median of more than 30 estimates in a Bloomberg survey. It would mark the first acceleration since February, with economists attributing the move to fuel price fluctuations. While some downturn in inflation had been anticipated by the BOE, it would make for a complicated backdrop when policymakers meet the next day to decide whether to raise rates for what could be the last time of the cycle.

Rocky have introduced their new baby boy, Riot Rose, in a photo shoot posted by photographer Diggzy on Instagram. The pictures show Rihanna in casual attire, and Rocky holding baby Riot with a smile.

Manipuri film actor Soma Laishram from acting and social functions for three years sending shockwaves to the film fraternity of the strife-torn state. The group, Kangleipak Kanba Lup (KKL) alleged her of taking part as a show stopper in a beauty pageant in New Delhi on Saturday despite a general appeal it made to the people and personal advice to her to desist from partaking in such programmes when Manipur is “still burning” for the last four months. Film Forum Manipur (FFM), the umbrella body of all film bodies of the state, nevertheless expressed dissatisfaction over KKL’s decree on Soma and said it would move on to bring a solution to it. Soma, who has acted in over 150 Manipuri films and bagged numerous awards, clarified that certain misjudgements on her participation at the Delhi event were there. On 16 September, Soma participated as a show stopper in a concluding programme of the North East Students’ Festival held at Talkatora Stadium, New Delhi that celebrated the cultural heritage of the northeast where she passionately spoke on the unprecedented current turmoil in Manipur and used the platform to appeal for support from all for peace and normalcy in the Manipur. “As a professional actor and a social influencer it is my responsible to communicate and speak up about the crisis in Manipur and I chose this platform,” the celebrity actor said. “The event I participated is a northeast festival hosted by My Home India, a non-profit organisation and the programme I took part is a cultural program celebrating cultural heritage of northeast,” she said. A resident of the Kongeng Hajari Leikai in Imphal West district said, she got a call from the concerned organisation a day prior to the programme and suggested that she

GoI has tabled the Women's Reservation Bill to provide a 33% quota for women in Lok Sabha and state assemblies. While the Bill is likely to have a smooth passage, it's unlikely to come into force until the next census (2027) and delimitation exercise are completed. Better late than never.

artificial intelligence (AI) in their operations are at risk of falling behind, as the emerging technology has the potential to accelerate 20% of worker tasks without compromising quality, Bain and Company said in a survey report on Tuesday. The Global Technology report, which surveyed over 570 executives, found that 89% of software companies are already employing AI to distinguish their products. Also, early adopters of AI are reaping rewards in terms of productivity gains as companies continue to explore novel ways to integrate AI into their business operations.

After experiencing a surge during the pandemic, Pfizer (NYSE:PFE) entered a long-term downtrend in December 2021. The stock showed signs of a potential recovery in the October-December period last year. However, it struggled to fend off the persistent selling pressure, ultimately resulting in the price returning close to pre-pandemic levels.

By Gertrude Chavez-Dreyfuss

MUMBAI : PSU banks have rallied sharply in the past month, culminating in volumes on the Nifty PSU Bank Index, comprising 12 lenders, hitting a record high of 1.78 billion shares on 18 September. Normally this is a sign of worry, as the index has plunged 20-25% in the near term on previous occasions after volumes peaked. But, analysts remain unfazed despite stocks like Indian Overseas Bank (IOB), UCO Bank, Punjab & Sind Bank, Central Bank of India and Bank of Maharashtra rising 25-50% in last month alone and their valuations looking stretched compared to State Bank of India (SBI), the country’s largest bank by assets.

market capitalization—is an excellent example of it. Data published recently by the Association of Mutual Funds in India—the mutual fund lobby—tells us that the number of folios of small cap equity mutual funds (MFs) as of August had shot up to 13.85 million, a jump of a little over 27% from March. To put it another way, more than a fifth of the investment folios of small cap MFs that are currently in existence were created during this financial year.

For her latest book club pick, Oprah Winfrey broke the news to author Nathan Hill in modern style

Key Takeaways Among S&P 500 companies that fully disclosed the race & ethnicity breakdown of their boards, the average number of non-white board members rose to 2.4 in 2022 from 2.2 in 2021. That number ranged from 3.2 in the financial sector to 1.9 in the renewable-energy sector.Companies in the technology and communications sector showed the largest increase in the number of non-white directors.

Traders have moved swiftly to bet that the European Central Bank’s interest-rate cuts will start earlier than previously thought after it signalled last week that rates may now have hit a peak. Focus is switching quickly to concerns about the eurozone’s fragile economy, though some analysts warn that inflation remains a major risk which markets are turning a blind eye to for now.

Retirement savers are in better shape than last year. But they had better beware the worsening “financial vortex” that could suck them in.

In the sustainable investing world, motivating companies to do better has happened through two basic strategies: divestment and engagement — and new research shows that using elements of both can accomplish the most.

Investing.com — Oil prices rose Tuesday, gaining for the fourth consecutive session as forecasts of a drop in U.S. shale output added to concerns about tightening global supply for the rest of the year.

As Federal Reserve officials conclude their two-day meeting on Wednesday, it is widely anticipated that interest rates will remain unchanged.