Hiring sees 1 per cent dip amidst inflation fear

As per the Monster Employment Index report, IT (-6%) continues to make hiring corrections with several organisations laying off employees post excessive appointments from the past year. 

published on : 9th August 2022

No question of India getting into recession, says Sitharaman in Lok Sabha; Congress walks out

The Finance Minister emphasized that due to the measures taken by the government, India is in a much better position than most countries.

published on : 1st August 2022

Will recession fears hit IT spending?

A potential macro slowdown can affect EBIT margins of IT companies. IT firms’ margins already came under pressure in the first quarter and executives attributed it to supply side pressure.

published on : 1st August 2022

India won't go the Pakistan, Sri Lanka way: Ex RBI Governor Raghuram Rajan

According to Rajan, low foreign debt and high foreign exchange reserves make Indian economy resilient.

published on : 30th July 2022

Markets surge on Fed commentary

The negative US GDP numbers may play spoilsports on Indian market sentiment today. However, the US equity markets on Thursday recovered the early losses and remained flat during the day.

published on : 29th July 2022

US Fed poised to cool inflation with another interest rate hike

Fed Chair Jerome Powell has made it clear they will keep raising interest rates until they see clear evidence inflation is moving back towards the two percent goal.

published on : 27th July 2022

Global economy facing a knife-at-the-throat situation, warns IMF; cuts India's growth forecast

As for price rise, the IMF made no bones about the fact that inflation is here to stay. Its baseline projections for global inflation are pessimistic.

published on : 26th July 2022

Reliance Industries shares fall over 3 per cent as it faces near-term headwinds

Going ahead, slowing demand for crude oil amidst fear of a global recession is expected to weigh heavily on RIL.

published on : 26th July 2022

MSMEs not to be affected by recession: Government

According to a government official, most countries import Indian petroleum products, chemicals & drugs and pharma items, for which demand will never fade.

published on : 16th July 2022

India's inflation could dip to 5 per cent by March 2023: SBI Research Report

In India, retail inflation has been over the RBI's upper tolerance band of 6 per cent for the sixth consecutive month in a row in June. Retail inflation came in at 7.01 per cent in June. 

published on : 14th July 2022

Global economic outlook has 'darkened significantly': IMF

"It is going to be a tough 2022 -- and possibly an even tougher 2023, with increased risk of recession," the IMF's managing director Kristalina Georgieva said

published on : 13th July 2022

Rupee hits new low of 79.59 as dollar surges to 20-year high

The rising prices could force the ECB to raise its policy rate even as Europe stares at a potential recession. 

published on : 13th July 2022

Volatile crude, impending recession roil global markets

High inflation driven by high energy prices and a drop in the US GDP by 1.4% is other worrying signs.

published on : 10th July 2022

TCS sees no footprint of recession on its demand: TCS CEO Rajesh Gopinathan

The IT company, which announced a hiring target of 40,000 for FY23, said it is on track to hire the same numbers.

published on : 9th July 2022

Asian benchmarks mostly lower after tepid Wall Street session

Early Wednesday, U.S.benchmark crude oil was up 60 cents at $100.10 per barrel. Brent crude, the international standard, gained $1.24 to $104.01 per barrel.

published on : 6th July 2022

Rupee plunges to record low as dollar climbs, trade deficit widens 

Amid these challenges, certain brokerages expect further weakness in the local unit in the coming months.

published on : 6th July 2022

Ready to stamp out surging inflation: Europe Central Bank 

Other central banks around the world, including the US Federal Reserve, have moved quicker than the ECB. But they face the threat of spurring a recession as they make borrowing more expensive.

published on : 29th June 2022

Post oil’s fall, relief rally likely to follow

The fall in the markets from the record high of 18604.45 in October 2021 could have been sharper had domestic institutional investors not been counterparties to Foreign institutional investors' sales.

published on : 20th June 2022

Investor wealth tumbles over Rs 5.47 lakh crore in early trade amid market plunge

In line with the weak trend in equities, the market capitalisation of BSE-listed firms eroded from Rs 5,47,410.81 crore to Rs 2,46,36,948.05 crore in morning trade.

published on : 13th June 2022

Indian rupee hits record low on Fed rate hike worries, crosses 78 per US dollar

Inflation has also jumped in India owing to the fallout from the Ukraine war, overshooting the central bank's two-to-six percent target range from January to April.

published on : 13th June 2022
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