The International Monetary Fund on Wednesday raised India's growth forecast to 5.4 per cent for 2009 and said that the global economy is beginning to pull out of a recession.
According to a survey, almost 40 per cent of male respondents have admitted to feeling low with job security, work and money playing on their minds -- yet, men are unlikely to talk about their feelings than women.
Several mutual funds (MFs) have recently approached the Reserve Bank of India (RBI) as they renew efforts to increase their overseas investment limit. In June 2022, the capital markets regulator Securities and Exchange Board of India (Sebi) permitted MFs to invest in foreign stocks within the aggregate mandated limit of $7 billion after a correction in stocks. One of the proposals shared with the RBI is to link MFs' foreign investment limit to the country's foreign exchange reserves.
Remunerations of senior executives have, however, increased considerably.
Obama said when he came into office America was going through the worst ever recession.
FM P Chidambaram is expected to address the IMF-WB's spring meeting on April 12 & 13 that is likely to be dominated by the impact of US recession, global inflation & consequent credit crunch leading to global economic slowdown. He is expected to take up India's concerns of rising global food & commodity prices, besides spiraling crude oil prices in the backdrop of domestic inflation, which has touched a 3-year high of 75%. India will take up hike in assistance issue with WB.
'You need to polish your skills and be prepared to be an asset in the 'new normal' work environment.' 'Access MOOCs (massive open online courses) and keep your brain razor sharp, despite not having a job offer or having your job offer rescinded.'
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
America's economic recovery from the current financial crisis is slower than the previous ones, a White House official said on Monday, adding that this is apparently because the crisis has been worse-than-ever.
The Congress 'Bharat Jodo Nyay Yatra', led by Rahul Gandhi, is scheduled to enter West Bengal from Assam on Thursday, amid political ripples within the Indian National Developmental Inclusive Alliance (INDIA) in the state.
The arrest of Umar Farouk Abdulmutallah's has yet again brought to light the fact that terror groups prefer recruiting techies for their operations. Reports of the Intelligence Bureau and a study by two European sociologists have shown that the recruitment of techies into terror outfits are constantly on the rise and Indian security agencies say the recruitment of techies was maximum in 2009 when the recession hit the world.
It also marks the end of the first half of the Budget session in the Lok Sabha.
Over 70 per cent of these companies have increased staff since 2005, and expect to create another 3,400 jobs this year.
Stephen S Roach, chairman of Morgan Stanley Asia, warned that Asia and India will be hit hard due to a likely recession in the US in 2008, saying "if US sneezes, Asia will catch a cold." Predicting a significant correction in emerging market equities, which would also not spare the fast rising Indian stock markets, Roach, who is regarded as one of the Wall Street's most influential economists, said he did not believe in the global de-coupling theories.
Expressing concern over the crisis that has ravaged Eurozone, Prime Minister Manmohan Singh said on Tuesday that the developing world may be hit by these recessionary trends and urged the rich nations to adopt quick and effective measures 'to prevent the global economy from slipping into a double-dip recession'.
Proving that all the financial action in the movie business is on the digital platform currently, Director Kabir Khan's underproduction biopic Chandu Champion -- on the life of paralympics winner Murlikant Petkar -- has been purchased for satellite, OTT and music rights for...
Moreover, many feel that distorting the company's financial performance is 'justifiable' in the current economic turmoil. The latest European Fraud Survey by global consultancy firm Ernst & Young revealed that 'unethical business behaviour' is gaining more acceptability.
In the fifth part of our series 'Happy days are here again', reader Ismail Pervez tells us how he got a new job after 5 months of being laid off, albeit at a lesser salary than he earned in his earlier job.
Barn owl, an endangered species, has come under increased threat in Kerala's Western Ghats, one of its natural habitats, with many recession-hit businessmen from some states seeking it for sacrifice in the belief that it will help them tide over the meltdown.
While Communist Party of India-Marxist Politburo member Sitaram Yechury said the Interim Budget was nothing but a 'perorative' (lengthy and pompous) document and government had in fact lowered the expenditure on major social structure schemes, CPI leaders Gurudas Dasgupta and D Raja called it a 'lollipop' budget meant for the coming elections.
'The biggest risk to the Indian markets from a 12-18-month view is that the current government does not get re-elected, or loses in a way that is not represented at all in the next central government.'
Rajnath Singh outlined the major measures and initiatives taken by the Modi government to provide basic needs to people of India, including providing homes, building toilets to end open defecation, electricity, cooking gas and focusing on infrastructure development.
Analysts said declining sales across the board from high end to low end stores points to the possibility of prolonged recession with consumers refraining from spending because of weakening job markets with hundreds of thousands losing jobs. Even those who have jobs are cutting down on spending because of fears of possible lay off as no one is sure how long the economic difficulties would last.
Are we mired in a long-term recession or will the 'green shoots' of economic growth we're seeing be the real thing?
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
Here's some good news for women who are cutting down on their shopping expenses due to recession: a new 'zipper' dress that can be worn 100 ways has hit the fashion circuit.
Republican presidential presumptive nominee Donald Trump would throw the United States economy back into recession, his Democratic rival Hillary Clinton said.
Formal negotiations are due to start in Athens on Friday.
A recession in the US and a steeper depreciation of the dollar will not have much impact on India, a United Nation Economic and Social Commission for Asia and the Pacific (Escap) report has said. On most other economics of the region, like Taiwan, South Korea and Singapore, the impact would be harsh, The Economic and Social Survey of Asia and the Pacific 2008 said.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
Bangalore-based Ittiam Systems, which is in the digital signal processing space, is a case in point. Its business model is royalty-driven. It creates intellectual property by way of software and hardware designs, which are used by original equipment manufacturers in areas like mobile internet devices, IP-based networks, video security systems and medical screening.
'Investors should hold equity assets for 3 to 5 years.'
The US, which witnessed one of the worst economic crisis in recent times, is coming out of recession faster and stronger than many countries of the world, a top Obama Administration official has said.
The Queen could be broke in two years courtesy the recession.
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
US President Barack Obama on Wednesday said the 'distasteful but necessary' steps taken by his administration had pulled the recession-hit American economy 'back from abyss' and vowed not to rest until the country was put back to work.
The department also concedes that the industry was hit by recession. The shack owners also faced the brunt of unseasonal rains, which has hit the coastal state much in advance.
RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy. Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, Das said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession,"yet uncertainties lie ahead of us." "Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as threat to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains.
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