US economy rose 2.9 per cent in third quarter, upgrade from initial estimate

Last quarter's rise in the U.S. gross domestic product, the economy's total output of goods and services, followed two straight quarters of contraction.

published on : 30th November 2022

S&P cuts India's growth forecast to 7 per cent for FY23

While the World Bank has pared its growth estimate for India by 100 basis points to 6.5 per cent, IMF has trimmed it to 6.8 per cent from 7.4 per cent.

published on : 28th November 2022

India will stay ahead of the curve amid global economic slowdown: Stellantis CEO Carlos Tavares

While reports are pointing out that Europe is the number one risk in terms of the technical recession, followed by the US, he said India is not a risk and it has so much potential to grow, he said.

published on : 24th November 2022

Deloitte expects India to post 6.5-7.1% growth in FY 2022-23

An impending global slowdown or even a recession in a few advanced nations as early as the end of 2022 or early next year is likely to make the situation worse.

published on : 20th November 2022

RBI pegs Q2 GDP growth rate in range of 6.1-6.3 per cent

The apex bank pegged the current fiscal year gross domestic product (GDP) growth at 7%. In India, supply responses in the economy are gaining strength.

published on : 19th November 2022

Dravidian movement boosted industrial growth in TN: Stalin

The chief minister also listed the steps taken to spur industrial growth and make Tamil Nadu a trillion-dollar economy.

published on : 19th November 2022

Earth at 8 billion: Consumption, not crowd is key to climate

The 8 billionth baby on Earth is about to be born on a planet that is getting hotter. But experts in climate science and population both say the two issues aren't quite as connected as they seem.

published on : 15th November 2022

Disney set to reduce its workforce, freeze hiring amid revenue drop

"We are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time" he added.

published on : 12th November 2022

Moody's cuts India's growth projection for 2022 to 7 per cent on global slowdown, rising rates

Moody's expects growth to decelerate to 4.8 per cent in 2023 and then to rise to around 6.4 per cent in 2024.

published on : 11th November 2022

World population at 8 billion humans, still growing

The UN Population Division estimates that the number of humans on Earth will grow to eight billion on November 15, more than three times higher than the 2.5 billion global headcount in 1950.

published on : 7th November 2022

Energy prices to fall 11% in ’23 on slowdown: World Bank

Energy prices are expected to fall by 11% in 2023 as global growth is likely to slow down, according to a World Bank report.

published on : 28th October 2022

China's economic growth accelerates but weak amid shutdowns

Growth for the first half of the year was 2.5 per cent over a year earlier, one of the weakest levels in the past three decades.

published on : 24th October 2022

Striking balance between growth and sustainability

With consumers’ growing demand for climate action, adopting Environmental, Social and Governance (ESG) measures are important for businesses of all sizes to thrive.

published on : 21st October 2022

Fight against inflation will be prolonged, dogged: RBI

Retail inflation rose to 7.4 per cent in September, up from 7.0 per cent in August.

published on : 18th October 2022

Reform, economic growth focus to boost FDI opportunities to USD 475 bn in 5 years: EY-CII report

In particular, MNCs are enthused by the impact of GST, the government's digital push in various spheres, and transparency in taxation, amongst other reforms.

published on : 16th October 2022

Indian economy doing fairly well; additional monetary tightening required, says IMF chief economist

Daniel Leigh, Division Chief of the IMF's Research Department said he expects inflation will be back towards the four per cent mark in 2023-2024.

published on : 11th October 2022

E-commerce firms clock Rs 40,000 crore sale in festive season, Flipkart tops order volume

Flipkart Group maintains its leadership position, while Meesho is the second largest contributor in order volume, according to Redseer.

published on : 6th October 2022

WTO predicts slow trade growth next year amid economic crisis, Covid-19 pandemic

WTO said that the number of goods shipped between countries is expected to rise 3.5% this year, up from the anticipated 3% increase in its first forecast for the year in April.

published on : 5th October 2022

Centre 'singularly responsible' for India's economic problems: Congress

The UN report on India's GDP estimate for 2022-23 makes for disturbing news as India's economic growth is expected to decline to a shocking 5.7 per cent from 8.2 per cent, Avijit said. 

published on : 4th October 2022

S&P pegs India's GDP growth at 7.3 per cent this fiscal; expects inflation to be above 6 per cent

S&P Economist Vishrut Rana said the rupee may continue to see volatility in the coming days, but India has 'substantial buffer' to withstand foreign fund outflows.

published on : 26th September 2022
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