The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy remains strong.Economists see the personal consumption expenditures price index rising just 0.1% in August for the second time in three months. The inflation gauge probably … Read more
Despite robust macro-economic growth, India grapples with micro unpredictability due to technology among others, a survey by Aditya Birla Sun Life Insurance Company Limited. Based on the responses gathered from 7,978 participants across all age groups and professions, the survey reveals that 88 percent of respondents anticipate high or very high levels of financial uncertainty … Read more
The domestic air passenger traffic in India experienced a 7 per cent year-on-year (YoY) increase in July 2024, reaching 1.30 crore passengers, according to the data by Director General of Civil Aviation. The data pointed out that this growth follows a period of slowed expansion over the previous nine months, primarily due to elevated airfares … Read more
New Delhi: According to a recent report by the State Bank of India (SBI), the moderation in India’s GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1. As per the Ministry of Statistics and Programme Implementation’s official … Read more
One should always pick Large and Midcap 250 Index, if they want to pick one and only one index fund, said Edelweiss Mutual Fund CEO, Radhika Gupta. According to Gupta, The index covers the broad Indian economy with reasonable allocation to large and midcaps. She posted on social media platform X, “Since I am always … Read more
The government is setting up 12 new industrial parks across the country and has 5-6 mega textile parks lined up, Minister of Commerce and Industry Piyush Goyal said on Tuesday.He urged the private sector to take advantage of these initiatives. Speaking at a conference organized by the Confederation of Indian Industry (CII), the Minister asked … Read more
As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let’s have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that ‘inflation is under control’, the bad part is the … Read more
“FII ownership at 16% is probably the lowest level of ownership. At the peak, we had 24% of the market owned by FIIs,” says Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance. In an interview with ETMarkets, Banerjee said: “FIIs reversed their selling trend and collectively purchased equities amounting to ₹2,061 crore in the … Read more
“Healthcare as a sector could turn out to be the dark horse in FY25,” says Aditya Khemka – Fund Manager, InCred Asset Management. In an interview with ETMarkets, Khemka said: “One could allocate higher capital to relatively smaller companies which are reasonably valued and would likely participate meaningfully in the Indian growth story,” Edited excerpts: … Read more
Kolkata: The Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. “The outlook for the Indian economy remains bright, underpinned by a … Read more
