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2 mins read

India's economic momentum stays strong with composite PMI at 60.7 in July 2024: Anand Rathi report

The Services PMI, recorded 60.3 in July 2024, has consistently held above the 60-mark for seven con…

ANI   


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SBI Caps report highlights optimistic outlook for the Indian economy, despite deteriorating global pitch

State Bank of India (SBICAPS) report titled "Maintaining Momentum on a Deteriorating Global Pitch" …

ANI   


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1 min read

Governor CP Radhakrishnan vows to make Maharashtra's economy larger than that of Japan and Germany

He emphasised the importance of ensuring that the wealth created reaches "the remotest, isolated vi…

PTI   


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5 mins read

US economy's fate hangs on jobs report as Fed decides how deep cuts will go

Data on unemployment may influence how deep the Fed cuts interest rates as the US economy is at a t…

Dan DeFrancesco   


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3 mins read

India to surpass Japan, become world's fourth largest economy worth USD 4 trillion, in FY25: EAC-PM member

India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become …

PTI   


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2 mins read

Russia's economy is still raking it in, but many billions of dollars are stranded overseas

Russia's foreign financial assets rose $44.6 billion in the first seven months of this year, with a…

Huileng Tan   


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Skoda plans to launch an updated electric vehicle in India in 2025

Skoda Auto will roll out its electric vehicle in the Indian market in 2025. In an exclusive interac…

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3 mins read

Russia pitches trading centers in a widening plan to move away from the US-dominated global financial order

Heavily-sanctioned Russia is a commodity giant and a major producer of oil, natural gas, gold, and …

Huileng Tan   


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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   


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1 min read

A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments

A Russian company will reportedly barter with Pakistan as the Kremlin struggles to make payments ac…

Kelly Cloonan   


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5 mins read

We're on track for a soft economic landing, but it still feels like the economy stinks

After a scary few months of economic data that had investors fearing a recession and stagflation, t…

Dan DeFrancesco   


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3 mins read

Americans aren't having enough kids. That's bad news for the economy — and immigration may be the answer.

China, Japan, and Italy are all battling low birth rates, but high immigration has so far stopped t…

George Glover   


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3 mins read

India wants to be the new China. Modi's shock election result shows it won't be easy.

Decision-making and policy changes in the world's largest democracy will take far longer than they …

Huileng Tan   


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2 mins read

Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…

Huileng Tan   


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3 mins read

Forecast of ‘above-normal’ monsoon sparks hope for economy, but there’s a catch!

Amid ongoing impacts of climate change, scientists have been warning us that not all ‘above-normal’…

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3 mins read

India is likely to benefit if Trump wins US elections, per Nomura Global Research

"We see India as a relative beneficiary, due to its domestic demand-driven growth model and benefit…

ANI   


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3 mins read

Gold loses sheen in August as economic data shows no sign of slowdown

Gold is not glittering all that much as central banks continue to hike rates and bond yields contin…

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4 mins read

Bangladesh crisis: India will have to be "prepared" and "very vigilant" on border, alerts former envoy

Pankaj Saran, a veteran diplomat and former envoy of India to Bangladesh, said that one cannot say …

PTI   


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1 min read

Stock market: Sensex and Nifty reach record levels, cross 82,000 and 25,000 point marks respectively!

Benchmark BSE Sensex jumped 388 points to breach the 82,000-level for the first time while broader …

PTI   


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2 mins read

US Fed cuts interest rates by 25 bps, Powell notes Trump's victory to have no impact on policy decisions

The US Federal Reserve cut interest rates for the second time this year, lowering them to 4.5-4.75%…