Shares of auto component major, Samvardhana Motherson International, has gained 11.5 per cent on the bourses after the company approved the qualified institutions placement (QIP) issue and announced the calculation methodology for its compulsorily convertible debentures, or CCDs, into equity shares. Analysts cite strong investor response to the issue that has kept the sentiment positive for the stock. Brokerages, however, have a mixed view on the outlook for the auto parts supplier.
A Citi strategist, Guillermo Felices, in a study has enumerated eight shocks that are hitting, or are soon going to hit, the global economy.
Calling the United States a 'parasite' on the global economy, Russian Prime Minister Vladimir Putin said, "They are living beyond their means and shifting a part of the weight of their problems to the world economy."
The global economy in 2011 and 2012 is shifting into a phase of slower but solid growth, with India and China contributing towards almost half of the global growth, says the World Banks latest Global Economic Prospects 2011 report.
With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt. The contraction could be even higher if governments fail to provide income support and help boost consumer spending.
Noting that India's rapid growth is a critical engine of global economy, PepsiCo chief Indra Nooyi has said the business community in the United States was eager on playing an active role in the country's future economic development.
BRIC nations will become the "locomotive" to pull the global economy out of the current crisis as two major countries of the bloc -- India and China -- have suffered least from the downturn, Russian Deputy Prime Minister Sergei Ivanov has said.
Obama said for the last several months he has been calling for a balanced approach to deficit reduction that combines some tough spending cuts, and a tax reform agenda that without raising tax rates further could in fact raise sufficient revenues that combined would yield about $1.5 trillion in deficit reduction over the next decade.
The advanced economies have been experiencing their longest period of slow growth.
More than half (56 per cent) of chief economists expect the global economy to weaken in 2024, with most saying the pace of geo-economic fragmentation will accelerate, according to the latest "Chief Economists Outlook" released on Monday at the World Economic Forum (WEF). The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative artificial intelligence (AI).
It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.
Crude oil has fallen about 40 per cent since mid June and the price on Monday touched its lowest level since mid 2009 before US oil prices posted their biggest one-day gain in two years overnight.
Combining their respective strengths in creativity and research, Indian and US firms can grow their business relationship in the coming years and contribute to the global economy, says a study.
The Japanese triple tragedy earthquake, tsunami and the very dangerous situation in the nuclear power plants has also brought into sharp focus how the effectiveness of complex supply chains, which are at the heart of globalisation of output, is crippled if there is a crisis in a large manufacturing or high-technology economy.
As many as 20 Indian companies have been identified, in a list of 100 firms from emerging markets in a report of 'BCG Global Challengers 2011', as businesses that can challenge existing Fortune 500 firms over the next five years.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
'China is India's primary strategic challenge, which will not go away.
Meanwhile, an ADB report presented at the seminar said this year could prove crucial for the global economy as financial tensions in Europe could escalate further and there remains concern over fledgling economic recovery in the US.
History books will document that the global economy experienced a sudden stop after September 15.
The Bank's projections show that developing countries face a financing shortfall of $270 to $700 billion this year, as private sector creditors shun emerging markets, and only one quarter of the most vulnerable countries have the resources to prevent a rise in poverty.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
Prime Minister Narendra Modi on Wednesday said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth. He also said that in the rapidly changing world order, India is moving forward as 'vishwa mitra' (friend of the world).
The steps taken by the G-20 have helped the recovery of the global economy, said US Treasury Secretary Timothy Geithner.
Jaishankar emphasised that the stability of the Middle East region was essential because about one crore Indian citizens live there and said, "a large part of our shipping passes through this region and also, oil comes from there."
The global economy is projected to expand by 4.2 per cent this year, but rising oil and commodity prices and European debt crisis could hurt the overall recovery, according to Paris-based think-tank OECD.
'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'
The ongoing Greece economic crisis poses a little threat to the rest of the world as the global economy has withstood the stress tests of the last two weeks fairly well.
There are several companies that are trading at attractive long-term valuations and are likely to provide investors with adequate returns.
Prime Minister Narendra Modi on Saturday exuded confidence that people have voted in record numbers to re-elect the National Democratic Alliance government and said the 'opportunistic INDI Alliance' failed to strike a chord with the voters who rejected their 'regressive politics'.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
With the United States and Europe struggling to shake off their recent doldrums, Japan mired in a punishing deflationary cycle, the global economy could have done without the weight of war with Iraq.
The Reserve Bank of India's (RBI's) state of the economy report observed that any durable alignment of headline retail inflation with the target of 4 per cent could recommence in the second half of FY25 and sustain until numbers closer to the target are seen during the course of FY26, dashing hopes of any reduction in the policy repo rate in the current financial year. The report, authored by RBI staffers, including Deputy Governor in charge of monetary policy Michael Patra, said though headline numbers may fall in July and August due to base effect, it is likely to reverse in September.
The Indian economy continues to sustain the momentum achieved in the first half of 2023-24 and expectations of a fresh round of capex by the corporate sector is likely to fuel the next leg of growth, the Reserve Bank Bulletin said on Tuesday. "The likelihood of the global economy exhibiting stronger than expected growth in 2024 has brightened in recent months, with risks broadly balanced," said an article on 'State of the Economy' published in the bulletin.
'We need to do more to accelerate growth.'
A referendum will be held on Thursday, June 23, to decide whether Britain should exit (Britain's exit, hence the term Brexit) or remain in the European Union.
Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.
The humans have "selective amnesia" about the significance of forests, the Supreme Court said on Thursday while advocating the need for a change in approach towards natural resources from anthropocentric to ecocentric.
Prime Minister Manmohan Singh on Tuesday expected the Summit of world's 20 leading economies to signal a 'strong and coordinated approach' to put the global economy back on track, while addressing medium term structural issues.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
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