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2 mins read
Festive consumption growth halved in 2024 as urban demand slacks, notes Nomura
Nomura reports festive consumption growth has dropped to 15% this year. Analysts observed slower gr…
2 mins read
Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge
The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …
ANI
2 mins read
Global manufacturing production rapidly moving toward emerging markets like India, says IMF
The International Monetary Fund (IMF), in its latest World Economic Outlook report, has highlighted…
ANI
2 mins read
Asian markets decline amid economic slowdown fears, experts say limited impact on India
Asian stock markets on Monday plummeted early as selling pressure mounted after lower-than-expected…
ANI
2 mins read
Investors are pouring into this defensive corner of the stock market amid fears of an economic slowdown
The the S&P 500's consumer staples sector has risen sharply in the last month as investors play def…
Kelly Cloonan
2 mins read
Indian manufacturers see softer increases in new business, output in August: PMI
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. …
PTI
3 mins read
The economy seems to be firing on all cylinders — but a veteran JPMorgan strategy chief says one underappreciated risk could cause a serious global slowdown
The US economy looks strong, but a major risk looms. JPMorgan Asset Management's David Kelly shared…
James Faris
3 mins read
Sensex and Nifty fall sharply on inflation and foreign fund exodus, marking multi-month lows with five-day losing streak
Both the Sensex and Nifty faced significant losses on November 13, driven by a combination of weak …
2 mins read
SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth to be closer to 7%
Economists at SBI predict a dip in India's GDP growth to 6.5% for the September quarter, citing pre…
1 min read
The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but…
Theron Mohamed
3 mins read
Indian markets under pressure as global rate cuts stir uncertainty, new report says
Indian markets experienced volatility as global economic shifts and political developments impacted…
2 mins read
Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024
The Indian IT sector, which has seen contraction in hiring amid global economic slowdown and fundin…
6 mins read
India could emerge as an economic superpower amid dull global economic landscape
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…
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…
3 mins read
The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s…
Filip De Mott
1 min read
Global economic slowdown headed for worst phase in three decades: WEF study
Global economic growth is estimated to fall to its lowest rate in three decades by 2030 amid the on…
PTI
4 mins read
S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years
In a statement on Wednesday, the US-based agency said India's rating can be upgraded in the nex…
PTI
2 mins read
India to clock 7% growth in FY25 despite headwinds: Deloitte
According to Deloitte projections, growth is likely to be 6.7% in the next fiscal year (2025-26). T…
PTI
3 mins read
India’s economic growth expectedly slows to 6.7% in Q1 — lowest in the last five quarters
India's GDP growth slowed to a 15-month low of 6.7% in the first quarter of FY 2024-25 due to weake…
3 mins read
RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty
The US Federal Reserve's first cut in interest rates in more than four years happened today, tr…