Investors' wealth eroded by Rs 9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers. The 30-share BSE benchmark tanked 2,401.49 points to 78,580.46 in early trade. Following the sharp decline in equities, the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore ($5.35 trillion) during the morning trade.
"My aim is to make Maharashtra the world's big financial powerhouse and to make Mumbai a global fintech capital," he said.
The BJP president said that the focus of development should be on agriculture and its allied industries and called for the promotion of PPP model to encourage private entrepreneurs to participate in development projects.
The most publicized measure of U.S. unemployment tells only part of the story.
The state's joblessness is three times higher than the national average of 7.8 per cent.
The leaders said the list of seats each party will be contesting, as well as the names of the candidates, will be issued later.
The unemployment rate in the United Kingdom slipped to 7.8 per cent in the three months leading to May, and the number of unemployed people declined to 2.47 million during the same period.
The Budget for 2024-25 should focus on employment generation, besides promoting the manufacturing sector, economists attending the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman here on Wednesday said. The meeting was attended by National Co-convenor Swadeshi Jagran Manch Ashwani Mahajan, Director and Chief Executive of the Institute for Studies in Industrial Development (ISID) Nagesh Kumar, and TCA Anant among others.
Months before the Haryana assembly polls, the Bharatiya Janata Party replaced its strongman Manohar Lal Khattar as chief minister with low-profile OBC leader Nayab Singh Saini, a decision that surprised many.
Speaking to reporters in Delhi, Patole asserted there are no disagreements within the MVA, adding that discussions on seat-sharing were underway and would conclude soon.
Countries such as Pakistan, Indonesia, Kazakhstan, and Sri Lanka have a lower unemployment rate compared to India.
Ahead of counting of votes, National Conference president Farooq Abdullah on Monday said his party was open to the idea of taking support of Mehbooba Mufti's People's Democratic Party to form government in the Union territory.
Showing total disregard for the US constitution, Trump has said that this could be the last election to be held in the country. A Trump presidency could lead to mass deportation of undocumented migrants and harsh family separation, warns Aseem Chhabra.
Congress's South Goa candidate Viriato Fernandes has claimed the Indian Constitution was 'forced' on Goa after its liberation from the Portuguese rule in 1961.
'It is the responsibility of industry to take the very bright talent whose knowledge of software engineering basics is very high, and then give them additional skills.'
Movement in the stock market this week will largely be driven by global trends, macroeconomic data announcements and trading activity of foreign investors, analysts said. Equity benchmark indices, which are on a dream run for the past several days, will also track trading in global oil benchmark Brent crude and movement of rupee against the US dollar. "The next FOMC (Federal Open Market Committee) meeting is scheduled for mid-September, but before that, the market will be closely watching upcoming US economic data.
Kharge's remarks came after Modi on Friday said the Congress stands "badly exposed" in front of people for promising to them what the party knows it will never be able to deliver.
From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
A survey conducted during 2004-05 showed that in rural and urban areas, the percentage of unemployed Christians was 4.4 and 8.6 respectively.
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
This would give BJP the chance to explore Constitutional options for government formation if there is no clear-cut mandate, explains Sheela Bhatt.
The unemployment rate among women came down to 12.4 per cent in urban areas
'Over 200 of Australia's most senior cricketers are unemployed as of the 1st of July'
Sharma's letter comes at a time the Congress has intensified its demand for a nationwide caste census and promised to carry out the exercise if elected to power in the Lok Sabha elections.
Notwithstanding marginal growth in employment, there were as many as 28 million unemployed persons in the country in 2009-10.
Inaugurating the 'Yuvashree' scheme, Chief Minister Mamata Banerjee said 100,000 youths enrolled in employment exchanges would receive the amount every month in the first phase, while maintaining that it was not an unemployment allowance but 'assistance' for them to meet their expenses.
The Bharatiya Janata Party, which pulled off a hat-trick of wins in Haryana by bucking anti-incumbency, managed to make significant inroads into the Dalit seats and Jat strongholds.
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
Noting that elections will be held in four states, she urged party leaders to sustain the momentum and goodwill that had been generated for the party in the Lok Sabha elections.
While Jamaat cannot take part in the elections due to the ban imposed on it by the Union home ministry, it had shown interest in participating in the polls during the Lok Sabha elections if the ban were removed.
She emphasised security and employment as her primary issues for the upcoming elections.
The US unemployment rate in June has remained unchanged at 7.6 per cent as more than 195,000 jobs were added to the economy this month, latest official figures said.
"PWD officials had informed us that a wall of the mosque was in PWD land and we were served a notice. So we decided to demolish the wall," Iqbal Ali, a member of the mosque committee, said earlier.
The second annual employment and unemployment survey 2010-11, by the Labour Bureau, will show an improvement in the employment situation, officials said, while attributing the positive trend to a change in methodology, sample size and some extent to an improved labour situation in the country.
Unemployment rates are increasing all across the world.
'Over the next 20 years, we would be adding almost 10 million people to the workforce every year!' 'And we won't be able to give employment to even 2 million out of the 10 million every year.' 'Don't forget, it keeps adding every year.'
India's jobless rate stood at 3.8 per cent during the last fiscal, with Daman and Diu and Gujarat topping the list of least unemployed among states and UTs.
Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results. The Nifty IT closed 3.26 per cent down, as major IT services companies' stock value fell. Tata Consultancy Services (TCS), India's largest IT services firm, saw its stock price fall 4 per cent during intraday trading.
Let's take a look at unemployment rate of people under 25.
The unemployment rate in the euro zone has hit the highest since 1995 with the economic crisis forcing many companies to slash jobs.
