OECD cuts UK growth forecast and warns of higher inflation than peers Newsflash: Britain’s economy will grow slower this year and next than previously thought, the Organisation for Economic Co-operation and Development has warned. New OECD forecasts also show the UK will suffer higher inflation than its peers. The OECD cuts its British economic growth … Read more
Kotak Mahindra Bank shares fell 4% to hit a fresh 52-week-low of Rs 1,561 on Thursday after the private lender delivered the bad news of the resignation of Joint Managing Director KVS Manian. Domestic brokerage Nuvama has downgraded the stock to reduce from buy. Kotak shares had ended last week 10% weaker after RBI restricted … Read more
For more than a decade, numerous economists – primarily but not exclusively on the left – have argued that the potential benefits of using debt to finance government spending far outweigh any associated costs. The notion that advanced economies could suffer from debt overhang was widely dismissed, and dissenting voices were often ridiculed. Even the … Read more
KINSHASA, Congo: Congo is struggling to contain its biggest mpox outbreak, and scientists say a new form of the disease detected in a mining town might more easily spread among people. Since January, Congo has reported more than 4,500 suspected mpox cases and nearly 300 deaths, numbers that have roughly tripled from the same period … Read more
Indian market is likely to edge higher on Thursday tracking positive global cues. The US Federal Reserve holds rates steady but signaled fresh concerns about inflation. However, the session could turn volatile as we are trading near record highs, suggest experts. Positive factors that could support the uptrend include record-high GST revenue, FIIs and DIIs … Read more
Synopsis India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period … Read more
Equity indices ended lower on Tuesday as a fag-end sell-off wiped out early gains amid a mixed trend in global markets. The 30-share Sensex declined 188 points to settle at 74,482 and the Nifty dipped 38 points to finish at 22,604. Stocks that were in focus include names like Star Health, which rose 1.69%, M&M, … Read more
Mumbai: Gift Nifty futures saw a significant increase in volumes at the NSE International Exchange (NSE IX) in Gujarat over the last four months, reaching a record turnover of $82 billion in April. This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during … Read more
Mumbai: The old stock market adage ‘Sell in May and go away’ has not been proven true consistently for Indian equities for several years now. Benchmark Nifty, which closed at 22,604 on Tuesday after hitting a new high of 22,783 during the day, has closed positive in May on seven occasions in the last 10 … Read more
UK house prices have fallen unexpectedly in April for a second consecutive month, according to the building society Nationwide, as interest rate uncertainty and more expensive mortgages put a dampener on the traditional spring homebuying season. With some economists saying that two month-to-month falls in the closely watched index “start to look like a trend”, … Read more
