An economy (from Greek οίκος – “household” and νέμoμαι – “manage”) is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. Understood in its broadest sense, ‘The economy is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources’. A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of human practices and transactions. It does not stand alone.
Mumbai: Like the proverbial bad penny in the money market, they are caught in the glare of authorities every few years, albeit with new names and a different cast of characters. More than 50 individuals and firms are in the crosshairs of the Enforcement Directorate (ED) over suspicion of money laundering by rigging the prices … Read more
Rajiv Jain-backed GQG Partners on Tuesday raised stakes in five Adani Group companies via multiple block deals. The stocks in which he added his stakes are Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Green Energy, Adani Energy Solutions and Adani Power. The investment company spent a total of Rs 5,094 crore to … Read more
India’s second-largest IT services company Infosys‘ Rs 18,000 crore share buyback window will open on Thursday, November 20 and will close on Wednesday, November 26. The company received shareholders’ approval on November 6 for the share buyback up to ten crore fully paid-up equity shares. Infosys will buy the shares at a price of Rs … Read more
Groww‘s strong post-listing rally has thrown up an unusual after-effect, with a massive 30.8 lakh shares having entered the auction market today (November 18), according to NSE data. This unusually high number is mainly due to short sellers getting stuck, unable to deliver shares amid a sharp price surge and extremely tight supply. “Groww has … Read more
As global markets ride the wave of AI-driven rallies, attention is turning to India’s market valuations and the sectors poised for growth. Speaking with ET Now, Vikash Kumar Jain from CLSA Investment shared his perspective on where investors might find comfort in the current market landscape. On valuations, Jain said, “On an absolute basis, India … Read more
According to newly released data, China has executed a critical and major shift in how it gives out loans to others. The direction of the loan flow from China has changed markedly, and the name of its biggest current recipient is raising many eyebrows in the world of international credit financing. China is now directing … Read more
The highly anticipated Rs 3,600 crore initial public offering (IPO) of Tenneco Clean Air will make its market debut on Wednesday, November 19, with expectations of a bumper listing. Grey market trends indicate the stock could open at an impressive 29% premium to its issue price of Rs 397 per share, potentially listing at Rs … Read more
Abidur Chowdhury, the celebrated designer of iPhone Air fame, has left Apple, unsettling the consumer electronics giant’s design team, news agency Bloomberg reported on November 18. Chowdhury, an industrial designer, was instrumental in developing the iPhone Air and had even fronted its global introduction. His exit has been confirmed by people familiar with the matter, … Read more
A US congressional commission is ringing alarm bells about China’s growing dominance over America’s drug supply, saying it is putting the country’s health in the hands of an adversarial nation. Roughly one-in-four generic drugs taken by Americans rely on key ingredients from China, according to a report released Tuesday by the US-China Economic and Security … Read more
Larry Summers, Harvard University’s former president and a former treasury secretary, said Monday that he would be stepping back from public commitments following the release of emails between him and Jeffrey Epstein, a convicted sex offender. “I am deeply ashamed of my actions and recognize the pain they have caused,” Summers said in a statement … Read more