December Job Data Highlights: • The US economy generated 216,000 jobs, surpassing the anticipated 170,000. • Unemployment rate dropped to 3.7%, outdoing the predicted 3.8%. […]
Category: Business
India’s GDP Growth Forecasts for 2023-24
The initial growth estimate provided by the statistics ministry for the current year surpasses the Reserve Bank of India’s prediction of 7.0 percent. • The […]
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HSBC’s Strategy for India: – FII inflows into Indian equities reached $21 billion by the end of 2023, with expectations for further growth. Target remains […]
Maldives and China Strengthen Ties Amidst Shift from India Focus
Maldives strengthens its ties with China while shifting focus from India, as reported by Reuters. During his inaugural state visit to Beijing, Maldivian President Mohamed […]
Polycab Shares Plunge 21%, Wiping Out Rs 15,500 Crore in Investor Wealth: FPIs Hit Hard Amid Income Tax Raid Fallout
• Foreign portfolio investors incurred a loss exceeding Rs 1,900 crore as Polycab shares dropped by 21% following an income tax raid. • The market […]
Tesla Initiates Major Price Cuts for Model Y in Europe Amidst Demand Concerns
In response to concerning demand, Tesla has implemented substantial price reductions for the Model Y across Europe, mirroring a strategy employed in China a week […]
U.S. Federal Deficit Jumps 52% to $129 Billion in December 2024: Record Outlays and Decreasing Receipts
• In December, the U.S. federal government reported a deficit of $129 billion, reflecting a 52% increase from the prior year, primarily due to higher […]
Breaking: China’s Export Shockwave – 2023 Marks First Annual Decline in Seven Years
1. China’s Export Decline:• China faced its first annual decline in exports in seven years, with a 4.6% drop in 2023, attributed to tensions with […]
India’s Economic Snapshot: CPI Uptick, Financial Indicators Shift, and Industrial Production Declines
India’s Economic Overview: December Data Highlights 1. CPI Trends: – In December, India’s Consumer Price Index (YoY) rose to 5.69%, indicating a slight uptick from […]
2024 Anticipates Unprecedented Rate Cut Spree: 7 Cuts, 3 Debates, and an 18% Chance of Eight
In 2024, markets anticipate continuous rate cuts starting in March, aiming for a total of seven reductions to reach 3.50% to 3.75% by December. • […]
Vibrant Gujarat 2024: Unveiling INR 45.2 Lakh Crore Worth of Investments and 98,450 Project Proposals
– At Vibrant Gujarat 2024, a total of ₹45.2 lakh crore worth of Memorandums of Understanding (MOUs) were signed. – In the 2019 edition, 28,300 […]
Vibrant Gujarat 2024 Highlights:
During Vibrant Gujarat 2024, Memorandums of Understanding (MOUs) worth a staggering ₹45.2 lakh crore were inked, surpassing the 2019 edition which saw 28,300 MOUs and […]