US Economy boom raises inflation alarm
Concerns loom large over persistent inflation and stringent monetary policies in the world's largest economy. As financial leaders from around the globe convene in Washington for the spring meetings of the International Monetary Fund and World Bank, attention pivots to the outlook for short-term economic fortunes worldwide.News Arena Network - New Delhi - UPDATED: April 15, 2024, 01:48 AM - 2 mins read
Economy
See All![Benchmark indices Nifty and Sensex experienced a sluggish start on July 8, reflecting the previous session's trend as profit booking, particularly in bank stocks, weighed on the market. In contrast, the FMCG and Pharma indices traded in the green, offering some support. Benchmark indices Nifty and Sensex experienced a sluggish start on July 8, reflecting the previous session's trend as profit booking, particularly in bank stocks, weighed on the market. In contrast, the FMCG and Pharma indices traded in the green, offering some support.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1720421174201.jpg&w=3840&q=8)
July 7, 2024, 11:46 PM - 2 mins read
Among sector trends, FMCG and Pharma sectors were the bright spots. The FMCG index emerged as the frontrunner, led by gains in Hindustan Unilever, ITC, and Marico stocks. Conversely, the Nifty Bank index traded lower, slipping 0.6 percent, with major laggards including ICICI Bank and Bank of Baroda.
Read more![Indian Prime Minister Narendra Modi will visit Russia on Monday for the first time in five years, at a time when Moscow is deepening its embrace of New Delhi’s rival, China. Indian Prime Minister Narendra Modi will visit Russia on Monday for the first time in five years, at a time when Moscow is deepening its embrace of New Delhi’s rival, China.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1500800-11jpg_1720420896676.jpg&w=3840&q=8)
July 7, 2024, 11:41 PM - 2 mins read
Modi is set to meet with Russian President Vladimir Putin during the visit, which will extend into Tuesday. India’s Foreign Secretary Vinay Kwatra told reporters in New Delhi that given the lack of recent summits, several issues on the bilateral agenda “have piled up, which need to be addressed.” Senior Indian diplomats, speaking on condition of anonymity, said that while major announcements are unlikely, Modi’s visit is intended to send a signal that the two sides remain close.
Read more![With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said. With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fkeir0jpg_1720360811678.jpg&w=3840&q=8)
July 7, 2024, 06:54 AM - 3 mins read
With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.
Read more![Image for representative use. Image for representative use.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fcargonaijpg_1720254992313.jpg&w=3840&q=8)
July 6, 2024, 01:36 AM - 2 mins read
The airport's integrated cargo terminal was formally launched on Friday in the presence of officials from AAHL Cargo, Mangaluru International Airport, Customs, IndiGo, Air India Express, and CISF.
Read more![Benchmark stock market indices ended Friday's trading session on a weak note as banking and financial stocks declined. Benchmark stock market indices ended Friday's trading session on a weak note as banking and financial stocks declined.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1720176949345.jpg&w=3840&q=8)
July 5, 2024, 03:55 AM - 2 mins read
Despite the dip in major indices, most broader market indices ended in positive territory as volatility declined. Among sectoral indices, Nifty Financial Services and Nifty Bank were the top losers, primarily due to a significant 4.5% drop in HDFC Bank shares.
Read more![The average cost of a vegetarian thali saw a significant increase of 10% in June, driven primarily by the rising prices of onions, potatoes, and tomatoes, according to Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report released on Friday. The average cost of a vegetarian thali saw a significant increase of 10% in June, driven primarily by the rising prices of onions, potatoes, and tomatoes, according to Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report released on Friday.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fveg-food-indianjpg_1720173333445.jpg&w=3840&q=8)
July 5, 2024, 02:55 AM - 2 mins read
The report highlighted that the cost of a vegetarian thali, which includes roti, vegetables (onions, tomatoes, and potatoes), rice, dal, curd, and salad, rose to Rs 29.4 per plate in June. This marks an increase from Rs 26.7 in the same period last year and from Rs 27.8 in May 2024.
Read more![Swiggy, the prominent online food and grocery delivery platform, has introduced its own UPI (Unified Payments Interface) service, aiming to reduce reliance on external payment apps, minimize payment failures, and streamline the checkout experience. Swiggy, the prominent online food and grocery delivery platform, has introduced its own UPI (Unified Payments Interface) service, aiming to reduce reliance on external payment apps, minimize payment failures, and streamline the checkout experience.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fswiggyjpg_1720166062178.jpg&w=3840&q=8)
July 5, 2024, 12:54 AM - 2 mins read
A source revealed that Swiggy has been testing the UPI service with its employees for the past month and plans to gradually roll out the service to all users in phases over the coming months. The UPI Plugin, launched by the National Payments Corporation of India (NPCI) in 2022, allows merchants to offer UPI payment services within their apps without needing a TPAP license.
Read more![The ninth Governing Council meeting of Niti Aayog, chaired by Prime Minister Narendra Modi and comprising state chief ministers, is expected to convene in August to deliberate on the ‘Viksit Bharat @2047’ vision document. The ninth Governing Council meeting of Niti Aayog, chaired by Prime Minister Narendra Modi and comprising state chief ministers, is expected to convene in August to deliberate on the ‘Viksit Bharat @2047’ vision document.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fmodi-meeting-niti-ayogjpg_1720160479750.jpg&w=3840&q=8)
July 4, 2024, 11:21 PM - 2 mins read
Sources reveal that ahead of the Council meeting, Finance Minister Nirmala Sitharaman will provide an initial overview of the ‘Viksit Bharat’ vision and action plan in the upcoming Budget later this month. The ambitious goal includes positioning India as a $30 trillion economy by 2047, driven by significant policy reforms and governance changes by 2030.
Read more![In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory. In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fbull-bse-nsejpg_1720091173090.jpg&w=3840&q=8)
July 4, 2024, 04:06 AM - 2 mins read
Top gainers of the day included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the flip side, the day's laggards were HDFC Bank, Bajaj Finance, Adani Entertainment, Wipro, and Tech Mahindra. Sectoral indices showed a mixed performance. Financial services, FMCG, media, and metal ended the day in red.
Read more![As the Monsoon Session of the Parliament gears up to begin on July 22, the nation eagerly awaits the presentation of the Union Budget 2024 by Finance Minister Nirmala Sitharaman. This event is more than just a routine fiscal exercise, it marks a historic occasion as Sitharaman becomes the first finance minister to present seven consecutive Union Budgets. As the Monsoon Session of the Parliament gears up to begin on July 22, the nation eagerly awaits the presentation of the Union Budget 2024 by Finance Minister Nirmala Sitharaman. This event is more than just a routine fiscal exercise, it marks a historic occasion as Sitharaman becomes the first finance minister to present seven consecutive Union Budgets.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsitharaman-budgetjpg_1720087357845.jpg&w=3840&q=8)
July 4, 2024, 03:02 AM - 3 mins read
Industry leaders like Jasvinder Bedi and Ramesh Alluri Reddy have rightly pointed out the need for a focus on skill development and formal job creation. The staffing industry plays a vital role in this regard and deserves official recognition and support. The upcoming budget must prioritize initiatives that bridge the skill gap and create a workforce ready for the demands of the modern economy.
Read more![Equity benchmark indices Sensex and Nifty reached their lifetime peaks in early trade on Thursday, driven by firm global market trends, significant buying in blue-chip stocks, and robust Foreign Institutional Investors (FII) inflows. Equity benchmark indices Sensex and Nifty reached their lifetime peaks in early trade on Thursday, driven by firm global market trends, significant buying in blue-chip stocks, and robust Foreign Institutional Investors (FII) inflows.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1720074595029.jpg&w=3840&q=8)
July 3, 2024, 11:29 PM - 2 mins read
Among the top performers in the Sensex pack were Tata Motors, ICICI Bank, Mahindra & Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services. Conversely, HDFC Bank, IndusInd Bank, Adani Ports and Special Economic Zone, and Bharti Airtel were among the laggards.
Read more![Sri Lanka has successfully reached a debt restructuring agreement with its international sovereign bondholders, marking a significant step in the nation's efforts to restore debt sustainability. Sri Lanka has successfully reached a debt restructuring agreement with its international sovereign bondholders, marking a significant step in the nation's efforts to restore debt sustainability.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Franilwickremesinghejpg_1720074006653.jpg&w=3840&q=8)
July 3, 2024, 11:20 PM - 2 mins read
The announcement follows the finalisation of debt restructuring agreements with bilateral lenders, including India and China, in Paris on June 26. President Ranil Wickremesinghe described this earlier agreement as a “significant milestone” in bolstering international trust in Sri Lanka's debt-ridden economy.
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