Wall Street-correlated stock markets are facing the risk of correction, as Christopher Wood, the global head of equity strategy at Jefferies, conveys to investors in his latest edition of GREED & fear. Rising crude oil prices, which are nearing $100 a barrel (Brent), pose a threat to the global central bank's battle against inflation and have led to a re-evaluation of its exposure to Indian stocks. "The potential for more US Federal Reserve (Fed) rate hikes, combined with the risk that monetary tightening finally bites as regards the economy, remains a risk for Wall Street-correlated world stock markets. "There is also the oil factor. This is why GREED & fear continues to believe the pain trade is down. "Areas in Asia, such as Indian midcaps, which have already done very well, are at obvious risk of some profit-taking," writes Wood.
Energy-hungry India is scouting for oil and gas assets in Central Asia, Africa and Latin America to feed the requirements of its rapidly expanding economy.
With Christmas and the New Year approaching, doctors at some hospitals in the city also referred to the detection of the first case of the new JN.1 variant of the coronavirus in the country and asked people to exercise extra caution.
Close on the heels of initiating a dialogue with Iran and Myanmar on importing gas through onland pipelines, Petroleum Minister Mani Shankar Aiyar will soon visit Turkmenistan and Afghanistan to explore the possibility of bringing natural gas from Ce
33 per cent of all road accidents and 35 per cent of fatal accidents took place on national highways and expressways.
The mega solar power project is comprised of three solar generating units of 250 MW each located on a 500-hectare plot of land situated inside a solar park.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
'Holding on to superstardom is far more difficult than the struggle to get there.'
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
While Modi has spent fewer days abroad than his predecessor (270 days versus Dr Singh's 306), he has travelled more extensively and actively than any other Indian PM.
India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
'India needs to be cautious that its differences with Pakistan do not obstruct SCO's functioning,' says Sana Hashmi.
Former doubles world No. 1 Leander Paes was recently elected to receive the Ultimate Honour in Tennis - induction into the International Tennis Hall of Fame - as the Class of 2024.
India's full membership of the grouping would extend its reach to the Central Asian region in whose peace and stability it is a major stakeholder, says Sana Hashmi.
'India is an equity market with a breadth and depth of companies to invest in.'
The satellite will enable a full range of services to neighbours including the areas of telecommunication, television, direct-to-home, VSATs, tele-education and tele-medicine.
Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.
A combination of strong earnings and economic growth, and hopes of the Federal Reserve ending the rate-hike cycle have pushed gross buying of Indian equities by foreign portfolio investors (IPO) to a new high. In 2023, FPIs have been gross buyers of shares worth Rs 25.5 trillion, the highest ever in a calendar year. FPIs also sold shares worth Rs 23.9 trillion. On a net basis, they were net buyers to the tune of Rs 1.6 trillion, the highest since 2020.
India's voting pattern in the United Nations with regard to the Israel-Palestine conflict is lately marked by a calibrated distancing from Israel, observes Ambassador M K Bhadrakumar.
IS-Khorasan was sanctioned for its links with Al Qaeda and involvement in several deadly attacks in Afghanistan and Pakistan that killed over 150 people.
'It's dull because this time the election is spread over such a long period.'
The US drone strike that killed Ayman al-Zawahiri has raised questions over Pakistan's possible role in the raid amid reports suggesting that the country's airspace could have been used for carrying out the precision strike on the Al Qaeda chief's safe house in Kabul.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
Cognizant Technology Solutions has restructured its global growth markets (GGM) by appointing two internal leaders who will now share the responsibility. The move follows the exit of former GGM leader Rob Walker last month and is among the slew of leadership changes the company has seen in the recent past. GGM refers to the company's emerging markets outside of North America.
In his opening remarks at the virtual summit of the Shanghai Cooperation Organisation (SCO), Modi also said that some countries use cross-border terrorism as an instrument of their policy and the grouping must not hesitate to criticise them.
'Shooting with Pankaj was a delightful experience because he was a charming, easy and effortless singer.'
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
In a bid to boost economic and trade ties with energy rich Central Asia, India has agreed to actively participate in building trans-Afghanistan road and rail links between Uzbekistan's Termez to Iran's Chahbahar Port in the Gulf.
The need for an inclusive government in Kabul and a zero-tolerance stance on the use of Afghan territory by terrorist groups are among four aspects that Prime Minister Narendra Modi listed on Wednesday for countries in the region to focus on in the backdrop of the developments in the war-torn nation.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
Pakistan Prime Minister Shehbaz Sharif will take the USD 60 billion China-Pakistan Economic Corridor forward with new vigour, vitality and in a rejuvenated manner, ensuring the multifaceted development of the flagship project of China's ambitious Belt and Road Initiative, a top leader of the ruling PML-N has said.
BCCI puts Asia Cup in Pakistan on Indian team's roster for 2023
The project was announced by Prime Minister in September.
To this end, India has recently committed USD 400 million in steel to construction of the railway connecting Chabahar and Zahedan, near Afghan border, the report said.
Besides vice president N A Harris, treasurer Ajay Kipa, all other newly elected executive committee members, and the six eminent footballers co-opted in the committee, except Bhutia, were present in the meeting.
Meanwhile, the sports ministry has asked the PCB not to offer a long-term contract to its incumbent director of cricket Mohammad Hafeez yet, who came into the role after the 50-overs World Cup last year.
India is expected to contribute 15 per cent to the global growth in 2023, an International Monetary Fund (IMF) official said on Tuesday. "Both India and China are expected to contribute 50 per cent of the global growth in the upcoming year (2023). "However, the share of India's contribution to global growth is expected to be around 15 per cent," Krishna Srinivasan, director, Asia and Pacific Department (APD) at IMF said at a roundtable with reporters from south Asian countries.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
China is emerging as a naval entity and India cannot turn a blind eye to this, says West Bengal governor and former National Security Advisor M K Narayanan
