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Searched Tag: economic instability

Renowned banker and Kotak Mahindra Bank founder, Uday Kotak, has issued a stark warning about the potential for turbulence in the global economy.

Uday Kotak warns of global economic uncertainty amidst higher US inflation

April 11, 2024, 01:24 PM - 2 min read

The latest policy review by the US Federal Reserve indicated a belief among officials that the key interest rate had likely peaked. However, they suggested a gradual easing of the monetary policy stance later in the year if economic conditions align with their projections.

ICRA report: India anticipates 7-8% dip in steel consumption growth for FY2025, signals operating profit decline

March 7, 2024, 05:26 PM - 2 min read

In FY2025, India's steel consumption is forecasted to decrease to 7-8%, down from the current fiscal year's 12-13%, with factors like elevated input costs and import pressures expected to lower operating profit margins by 110-115 basis points. This slowdown follows three years of double-digit growth, driven partly by increased government infrastructure spending.

Nawaaz Shareef with his brother Shehbaz Shareef

Pak’s concerns ruled Shehbaz Shareef’s maiden speech in inaugural assembly session

March 4, 2024, 02:20 PM - 2 min read

Shehbaz Shareef accepted that the country was reduced to its knees, owing to an unstable economy. Shareef said that his term would start while the government is suffering a fiscal deficit of more than one trillion rupees.