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Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

Ridham Desai, Head of India Research and Chief India Equity Strategist,Morgan Stanley, says India is in a strong position and there's no need for concern. However, stricter policies could pose challenges in the latter half of next year. The recent growth slowdown was temporary, influenced by elections and heavy rains. By the end of September, the government's cash balance with the RBI was nearly Rs 3.6 trillion, indicating deferred spending, resulting in a fiscal deficit of 3.4%, well below the 4.9% target. The government's cash balance has now decreased to below Rs 60,000 crore, and since October 1, they have spent Rs 3 lakh crore in addition to tax revenues. Desai says India will be one of the rare exceptions which will stop borrowing to pay interest in about three years and will move to primary balance. When that happens, government debt to GDP will fall because nominal GDP in India is still 10-11%. It will create major space for the private sector to re-lever and a major lending boom in the private sector can be expected, accompanied by a big capex cycle.

Subscribe to enjoy similar stories. NEW DELHI : Japanese telecom and technology major Rakuten Group, Inc. expects growth from open radio access network (Open RAN) solutions it offers to telecom service providers in global markets, though some of its deals are yet to pan out in the Indian market.

Subscribe to enjoy similar stories. Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting.

Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products.

There are few industries that reward a job well done with a big pay package and termination. Banking is one of them.

Axis Bank and Krishna Institute of Medical Sciences (KIMS) are among HSBC Global Research’s 12 ‘actionable’ stock ideas in Asia. “We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.

Subscribe to enjoy similar stories. When a master strategist makes a move, the market takes notice. According to data from Screener.in, a platform that tracks substantial holdings by top investors, one of India’s “Warren Buffetts," known for his Midas touch in small and midcap stocks, has quietly added a new stock to his portfolio.

UFOs has revealed hundreds of new reports of unidentified and unexplained aerial phenomena but no indications suggesting an extraterrestrial origin. The review includes hundreds of cases of misidentified balloons, birds and satellites as well as some that defy easy explanation, such as a near-miss between a commercial airliner and a mysterious object off the coast of New York, as per a report. While it isn't likely to settle any debates over the existence of alien life, the report reflects heightened public interest in the topic and the government's efforts to provide some answers. Its publication comes after House lawmakers called for greater government transparency during a hearing on unidentified anomalous phenomena, or UAPs — the government's term for UFOs, AP reported. Federal efforts to study and identify UAPs have focused on potential threats to national security or air safety and not their science fiction aspects. Officials at the Pentagon office created in 2022 to track UAPs, known as the All-Domain Anomaly Resolution Office, or AARO, have said there's no indication any of the cases they looked into have unearthly origins.

Donald Trump has endorsed a line of guitars, following up on the Bibles, sneakers, watches, photo books and cryptocurrency ventures launched during his third White House campaign, as per a report. Trump on Wednesday posted to Truth Social a photo of himself holding what he said was a “Limited Edition ‘45’ Guitar,” an electric model emblazoned with an American flag and eagle on the body, and Trump's “Make America Great Again” slogan inlaid into the neck. Both acoustic and electric styles are available, for $1,250 and $1,500, respectively, as well as “Presidential” and “God Bless the USA” models and “Signature Edition” guitars, which — with a $10,000 price tag — also include Trump's signature, AP reported. What's not clear is the financial relationship between Trump and proceeds from the guitar sales.

A judge has ruled that Virginia can’t withdraw from a multistate initiative designed to reduce greenhouse gas emissions unless the Legislature agrees to it

Philadelphia’s mass transit system has reached a tentative contract deal with its largest workers union

Former prime minister Stephen Harper has been appointed chair of Alberta Investment Management Corp., a move that has been widely anticipated since the province fired AIMCo’s board of directors and relieved chief executive Evan Siddall of his duties less than two weeks ago.

We are now on day six of the nationwide mail strike, after year-long negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) failed last week and 55,000 postal workers hit the picket lines — just ahead of Black Friday and the busy holiday season. Here’s the latest on the ongoing talks and the strike’s impact on Canada Post customers.

Finding the perfect gift can be daunting

RPG Enterprises is scouting for strategic M&A opportunities to drive growth across group companies including Ceat, KEC International, RPG Life Sciences and Zensar Technologies, Anant Goenka, vice chairman of the $4.8-billion diversified conglomerate, told ET's Rica Bhattacharyya and George Smith Alexander in an interview. The RPG scion also talked about plans to double the group's market capitalisation in 3-5 years, grow Zensar into a $1-billion company, expand Ceat's global business, and strengthen KEC's position by executing premium and challenging infrastructure projects. Edited excerpts: It's been over a year since you took charge as vice chairman. What is your plan for the group? At a group level, we set forth a vision for ourselves some time back, which was more of values in terms of what we call as «unleash talent», «touch lives», «outperform» and «be happy». Recently we converted these mottos to define what they mean. So, 'touch lives' is about having an impact on the lives of customers and being number one in customer satisfaction. Whichever industry we are in, we should be in the top 10% of sustainable practices. By 'unleash talent' we're talking about being number one in terms of employee happiness. 'Outperform' is about beating industry in whichever businesses we run.

Subscribe to enjoy similar stories. A few months back, Prosus, one of the world’s largest technology investors, faced a debilitating condition in India. It wrote off its entire $500 million investment in Byju’s, six years after it first backed the edtech company once valued at $22 billion.

At ages 57 and 52, Leo* and Siobahn would like to semi-retire when they each turn 60, but they will be carrying a significant mortgage well into retirement – something to be avoided at all costs, according to many of the financial planning guides Leo has read. Is this really such a bad thing — especially since their $2.6 million forever B.C. home has a separate, two-bedroom income-generating suite?

When choosing a water pump, it’s important to consider factors such as flow rate, power consumption, material construction, and ease of maintenance. A reliable water pump will not only save time and energy but also offer long-term reliability, reducing the need for frequent repairs or replacements. Whether for residential, industrial, or commercial use, selecting a pump that combines efficiency, durability, and versatility will ensure optimal performance in every task.

MUMBAI: The stock markets have been experiencing heightened volatility amid selling by foreign portfolio investors, downgrades to corporate earnings, and slower economic growth. The Nifty 50 has corrected over 10% since 27 September 2024.