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3 mins read
India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report
This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…
ANI
3 mins read
ICRA forecasts slowdown in India's economy: GDP growth expected to hit six-quarter low in Q1 FY2025
In a rather dampened forecast for the Indian economy, ICRA has forecast a sharp slowdown in India's…
2 mins read
Russia is looking to rein in the country's property boom as it tries to cool an overheating economy
Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …
Jennifer Sor
3 mins read
India’s growth to mirror China’s trajectory over next decade with private consumption more than doubling to $4.5 trn
India is at a point where China was 15 years ago in terms of per-capita income and working-age popu…
2 mins read
Generative AI could add up to $4.4 trillion to the global economy annually, McKinsey report says
Around 75% of the value generative AI could deliver is across areas like customer operations, marke…
Sawdah Bhaimiya
3 mins read
Investors' wealth soars ₹28.65 lakh crore in three days of market recovery after rout
Investors' wealth has soared by ₹28.65 lakh crore in the three-day rally to Friday in the stock m…
PTI
4 mins read
Economic implications of Lok Sabha Election 2024 results: Would lack of a clear majority for BJP impact India’s growth story?
Less than a week ago, India reported a remarkable GDP growth rate of 8.2% for the fiscal year 2023-…
3 mins read
The consumer slowdown is here and its flashing a recession warning for the economy
American consumers - the backbone of the resilient US economy in recent years - appear to be windin…
Jennifer Sor
1 min read
Watch out Hong Kong – India's $4 trillion stock market is fast catching up
The value of companies listed on India's stock exchanges hit $4 trillion for the first time on Tues…
Kai Xiang Teo
2 mins read
Russia's war economy is so hot that at least 12 of its oligarchs received $11 billion in dividends over 15 months
The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.
Huileng Tan
1 min read
Putin's social media ban cost Russia's economy more than $4 billion last year
Russia experienced 1,353 hours of internet disruption last year, which cost its economy $4.02 billi…
Jennifer Sor
2 mins read
A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime
The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% to tame inf…
Huileng Tan
2 mins read
Extreme disasters claimed 2 million lives and cost the world economy over $4 trillion since 1970: WMO report
What's predictably worse, perhaps, is that an astronomical portion of these natural disasters atta…
2 mins read
India's energy consumption is expected to rise by 3-4 times over a decade: IECC
Growing industrialization, urbanization, and rising incomes have led to the country's energy consum…
ANI
7 mins read
Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy
Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …
Juliana Kaplan
2 mins read
El Nino on the way, could wipe out $3 trillion of world economy
El Nino is on the horizon, which can lead to severe heat waves and droughts in many countries, incl…
2 mins read
Stock market today: US stocks end higher to hit a 4-month winning streak as soft landing hopes rise
Looking ahead, investors will be eagerly awaiting the August jobs report, due out next Friday. Expe…
Matthew Fox
2 mins read
4 bullish signals are pointing to more stock gains ahead, according to Bank of America
"Rotation, which is the lifeblood of a bull market, suggest that the SPX hit last week's highs from…
Matthew Fox
3 mins read
5 indicators that show the US economy is still firing on all cylinders despite slowing GDP
"The workhorse of the US economy remains the consumer, and there's really not much sign of a slowdo…
Matthew Fox
2 mins read
The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
The top 10% of Americans have gained a whopping $30.5 trillion in wealth since 2020, according to F…