The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first … Read more
New Delhi: The government is likely to stay on the fiscal course-correction glide path in the interim budget for FY25, shunning populist spending or incentives ahead of the summer general election, said people aware of deliberations on the subject. The post-Covid-19 fiscal consolidation roadmap proposed by the government estimates the fiscal deficit at 4.5% of … Read more
The Indian economy kept its momentum, growing nearly a percentage point higher than expected at 7.6% in the second quarter, buoyed by the manufacturing and construction sector, with experts suggesting an upside to the full-year number. “Given the higher than forecast outcome for Q2, we are revising our FY2024 growth forecast to 6.2% from 6.0%,” … Read more
Delegations of South Korea, China and Japan attend the 10th trilateral Foreign Ministers’ meeting in Busan, South Korea on November 26, 2023. | Photo Credit: Reuters The top diplomats from South Korea, Japan and China met on November 26 to discuss when to resume their leaders’ trilateral summit after a four-year hiatus and how to … Read more
Nipah outbreak | Number of cases rises to six in Kozhikode One more person tested positive for the Nipah infection in Kozhikode district of Kerala on Friday, taking the total number of infected persons to six now. Meanwhile, lab tests have proved that E. Mohammedali, the first patient who died on August 30, too was … Read more
MUMBAI – UTI Asset Management is bullish on five major sectors and believes that smart money is set to chase them in the near term. The fund house is overweight on the financial services sector and has major exposure to it. “India with bank credit to GDP at less than 60% and retail credit to … Read more
“If you are a long-term investor, the best bet would be on multi-cap funds. Money flowing from large caps to small caps or vice versa is a never-ending story,” says Vivek Sharma, Director (Strategy) and Head of Investments at Gulaq, a part of Estee Advisors. In an interview with ETMarkets, Sharma said: “Timing the market … Read more
“There has been a big threat simply because of the fact that paints is a very high margin business. If you look at the operating margins of Asian Paints which is the market leader, they are so high that it makes sense for a disruptor to come in price lower and still make healthy margins,” … Read more
“Also, in the OEM segment, we are seeing, truck commercial segment coming back up, cars are also coming back up, so a pretty positive trend in India currently,” says Neeraj Kanwar, MD, Apollo Tyres.What is the trend that you are witnessing in the auto sector? Now we are seeing an uplift in both truck and … Read more
“So obviously your GDP because you have net exports, takes a bit of a hit. You give up some of the GDP gains but over and above that you actually gain vis-à-vis the lower crude prices and the impact on BOP is not as meaningful,” says Jigar Mistry, Co-Founder, Buoyant Capital. Can you just set … Read more