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Citigroup Inc. raised its growth forecast for China to 5% this year, as promising data helps build consensus around the nation’s ability to achieve its official government target.

A selloff in global bond markets could have major implications for Canadian households and investors as experts say financial markets are readjusting their long-term expectations for interest rates.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! RBI MPC Meeting Date: The three-day meeting of the RBI's rate-setting panel started on Wednesday, October 4 and the outcome is due on Friday, October 6.

Experts say investors' focus may also be on the medium-term forecasts laid out in the October Monetary Policy Report. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Mint collated the views of five analysts on what the RBI can decide on repo rate and monetary policy stance.

Google has agreed to change its user data practices to end a German antitrust investigation aimed at curbing its data-driven market power, the German cartel office said on Thursday. The German antitrust watchdog in January issued a charge sheet known as a statement of objections to Google over its data processing terms, saying that users were not given sufficient choice as to whether and to what extent they agree to the far-reaching processing of their data across the company's services.

Larsen & Toubro (L&T) share price rose 3% to hit a fresh 52-week high Thursday after the construction major said its buildings & factories business bagged orders in the large category which are in the range of ₹2,500-5,000 crore. L&T shares gained as much as 2.90% to ₹a high of ₹3,114.00 apiece on the BSE. The business has secured an order to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers.

arrest of its senior leader and Rajya Sabha MP Sanjay Singh, in connection to his alleged role in the Delhi liquor policy case. AAP leaders and workers were seen raising slogans and holding placards close to the Bharatiya Janata Party (BJP) headquarters, accusing the Centre-ruling party of “misusing" probe agencies to target its senior functionaries. "I want to challenge the BJP that even if a single rupee of corruption is found from Sanjay Singh's residence, then the proof should be presented before the country.

food ministry. Paddy worth Rs 2,689.77 crore has been procured from 99,675 farmers in Tamil Nadu, Punjab and Haryana at MSP, the ministry said in a statement on Thursday.

Marico fell nearly 5% to Rs 543.9 in Thursday's trade on BSE after the September quarter business update by the Indian consumer products maker disappointed investors. Marico's domestic volumes grew in a low single-digit percentage range over the previous year, dragged by a persisting weakness in rural demand. «During the quarter, demand trends largely mirrored the trends observed in the preceding quarter,» the company said in an exchange filing. Rising food prices and below-normal rainfall distribution in some regions impeded the anticipated recovery in rural demand, according to the company. The packaged consumer goods maker, however, is hopeful of a recovery in consumption trends, particularly in rural areas, in the second half of the fiscal. This is thanks to retail inflation levels staying within the Reserve Bank of India’s target range, a hike in MSPs, a healthy sowing season, easing liquidity pressures, and government spending. The company's domestic volumes grew 3% in the preceding quarter. Subdued rural demand, coupled with a move to cut prices of its Saffola edible oil, also impacted the company's revenue in the September quarter. Additionally, the company said that currency depreciation in certain overseas markets negatively impacted the reported INR growth of the international business. The firm experienced low single-digit year-on-year growth in domestic volumes for its known products like Parachute coconut oil and Saffola Edible Oils. The company's international businesses logged a double-digit constant currency growth.

Anju Bobby George also accused the Chinese officials of deliberately targeting the Indians. "They are trying to cheat us and trying to disturb our athletes. Neeraj's first throw was very good and it was a kind of disturbance.

(Reuters) — Citigroup (NYSE:C) economists raised their forecast for China's economic growth for the year to 5%, from 4.7%, citing stabilizing economic indicators and Beijing's supportive policy measures of late.

₹546.40 apiece on the BSE. Marico said that during the second quarter of FY24, domestic volumes grew in low-single digits on a year-on-year basis, with low single digit volume growth in Parachute Coconut Oil and Saffola Edible Oils, and low single-digit value growth in Value Added Hair Oils.

Both harness a natural propellant that oceangoing vessels have depended on for centuries: the wind. And they’re part of a growing effort to move the shipping industry away from fossil fuels. “We want to decarbonize — why not use what’s available?” said Jan Dieleman, president of Cargill Ocean Transportation, which charters about 700 ships. “Wind is free fuel.” The worldwide shipping industry is responsible for about 3% of the greenhouse gases that are dangerously heating the planet.

Also Read: Stocks to buy: HAL, Bharat Electronics, Mazagon Dock among top defence stock picks by Antique Broking Here are top railway stocks to have in your portfolio: IRCON International (IRCON) is engaged in railway EPC works and the railways garner the lion’s share of around 73% of its order book. The company’s order book stands at ₹324 billion as on June 30, 2023. It wishes to foray aggressively in high speed rail, semi high speed, solar and road projects.

MPC) meeting is being held in a tough global economic environment. The US treasury yields have shot up to a 16-year high even as the US Fed has signalled that it won't be backing down against its inflation fight.

MANILA (Reuters) — Philippine inflation quickened for a second straight month in September due to increases in food and transport costs, the statistics agency said on Thursday, opening the door to further central bank interest rate hikes.

Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision marks the institution's first notable personnel reduction since 2010. Currently, the Federal Reserve system, which consists of 12 regional reserve banks, employs around 21,000 individuals.

House Republicans may have shot themselves in the foot this week with the historic ouster of Speaker Kevin McCarthy but that doesn’t mean they’ll be taking their aim off the SEC.

By Chris Prentice and Andrew Goudsward

By Daniel Wiessner

(Reuters) — BlackBerry (NYSE:BB) said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units into two separate entities.