S&P Cuts India's GDP Growth Forecast For FY26, FY27
==========

S&P Global Ratings revised India's GDP growth forecast for FY26 to 6.7% and FY27 to 6.8%, down from previous estimates of 6.9% and 7% respectively; for FY25, the growth rate is pegged at 6.8%; high interest rates and lower fiscal impulse are cited as reasons for the downgrade; S&P expects a growth rate of 7% in FY28; the report follows an update on Asia-Pacific economies post US election results.

#Gdp #S&p #India #EconomicGrowth #Forecast #Fy26 #Fy27 #FinancialYear #Asiapacific #InterestRates

https://www.news18.com/business/economy/sp-cuts-indias-gdp-growth-forecast-for-fy26-fy27-9133359.html 

 From Nitish Reddy To Shashank Singh, The Top Rising Stars From IPL 2024
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IPL 2024 showcased several standout performances from young players; Sameer Rizvi scored 51 runs in 8 matches for Chennai Super Kings; Matheesha Pathirana took 13 wickets in 6 matches; Rachin Ravindra scored 222 runs in 10 matches; Tushar Deshpande claimed 17 wickets in 13 matches; IPL 2025 mega auction scheduled for November 24-25, 2024; players retained by franchises and auction details discussed.

#Ipl2024 #Cricket #RisingStars #Auction #ChennaiSuperKings #Players #Performance #Sports #IndianPremierLeague #MegaAuction

https://www.news18.com/cricket/top-emerging-stars-ipl-2024-full-list-abhishek-nitish-fraser-mcgurk-shashank-jaiswal-badoni-angkrish-harshit-9130448.html 

 India's GDP Growth Likely To Slip At 6.5% For September Quarter, Maintains 7% Estimate For FY25: ICRA
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ICRA projects India's real GDP growth for the September quarter to decline to 6.5% due to heavy rains and weaker corporate performance; maintains FY25 growth estimate at 7%; Q1 GDP growth was 6.7%; official Q2 data to be published on November 30, 2024; RBI estimates 7.2% growth for the fiscal; concerns about growth slowdown due to urban demand; positive trends in government spending and kharif sowing noted.

#Gdp #Icra #India #EconomicGrowth #Fy25 #Q2 #Rbi #CorporatePerformance #HeavyRains #UrbanDemand

https://www.news18.com/business/economy/indias-gdp-growth-september-quarter-fy25-icra-9126525.html 

 'Your Input is Valuable': FM Nirmala Sitharaman Responds To X User Seeking Middle Class Relief
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Finance Minister Nirmala Sitharaman responded to Tushar Sharma on November 17, 2024, acknowledging his request for middle class relief; she emphasized the importance of public feedback in policy-making; Sharma's heartfelt appeal highlighted the financial burdens faced by the middle class; Sitharaman assured that the government listens to citizens' voices; the response reflects ongoing concerns about rising inflation.

#NirmalaSitharaman #MiddleClass #Relief #PublicFeedback #Inflation #TusharSharma #GovernmentResponse #India #Economy #Policy

https://www.news18.com/business/economy/your-input-is-valuable-fm-nirmala-sitharaman-acknowledges-x-users-post-on-middle-class-relief-9123222.html 

 India Needs 2,500 Universities to Accommodate 50% Students: NITI Aayog CEO
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NITI Aayog CEO BVR Subrahmanyam stated that India requires 2,500 universities to accommodate 50% of students, as only 29% of the age cohort currently enrolls. He highlighted that India has 1,200 universities and over 40 million students. Despite opening one university and two colleges weekly over the past decade, enrollment remains low. Subrahmanyam emphasized the need for improved educational delivery and noted India's significant digital public infrastructure achievements, comparing it to Estonia's digital identity system.

#Education #Universities #NitiAayog #BvrSubrahmanyam #DigitalInfrastructure #India #Enrollment #PublicInfrastructure #HigherEducation #Policy

https://www.news18.com/education-career/india-needs-2500-universities-to-accommodate-50-students-niti-aayog-ceo-9123066.html 

 'Sound Economic Fundamentals': Moody's Says India In A Sweet Spot, Forecasts 7.2% For 2024
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Moody's Ratings forecasts 7.2% GDP growth for India in 2024; cites sound economic fundamentals including healthy corporate and bank balance sheets, stronger external position, and ample forex reserves; warns of inflation risks prompting Reserve Bank of India to maintain tight monetary policy; retail inflation reached 14-month high of 6.21%, breaching RBI's upper tolerance limit; forecasts 6.6% growth in 2025 and 6.5% in 2026; mentions potential risks from geopolitical tensions and extreme weather events.

#Moody's #India #GdpGrowth #Inflation #ReserveBankOfIndia #EconomicOutlook #ForexReserves #CorporateBalanceSheets #Banking #GeopoliticalRisks

https://www.news18.com/business/economy/indian-economy-in-a-sweet-spot-may-post-7-2-growth-in-2024-says-moodys-9121680.html 

 Japan's Economy Grows for Second Straight Quarter on Back of Consumer Spending
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Japan's economy grew at an annual rate of 0.9% in the July-September 2024 period; this marks the second consecutive quarter of growth, following 0.5% growth in April-June; domestic demand increased at an annualized rate of 2.5%; private consumption rose by 3.6%, driven by healthy household spending; exports grew by 1.5%; the yen weakened from 160-yen to 150-yen levels; prior to this growth, the economy contracted by 0.6% in January-March 2024; government data released on November 15, 2024.

#Japan #Economy #ConsumerSpending #Gdp #Growth #Exports #Yen #HouseholdConsumption #FiscalQuarter #GovernmentData

https://www.news18.com/business/economy/japans-economy-grows-for-second-straight-quarter-on-back-of-consumer-spending-9121039.html 

 RBI Should Definitely Cut Rates; Average Inflation in India Lowest Under Modi Govt Since 1947: Piyush Goyal
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Piyush Goyal stated that average inflation in India during the Modi government is the lowest since 1947; he urged the RBI to cut interest rates; October 2024 CPI inflation rose to 6.1%, the highest in 14 months; food inflation reached 10.87%; Goyal predicted inflation will decrease again in December or January; he emphasized understanding the factors behind inflation spikes.

#Rbi #PiyushGoyal #Inflation #InterestRates #ModiGovernment #Cpi #FoodInflation #Economy #India #Policy

https://www.news18.com/business/economy/indias-average-inflation-lowest-under-modi-govt-since-1947-rbi-should-cut-rates-piyush-goyal-9120034.html 

 Opinion | From Countering China To Terrorism: How India Could Gain From Trump’s Presidency
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Donald Trump is set to re-enter the White House on November 9, 2024; India may align its geopolitical and economic strategies with US priorities under Trump; Prime Minister Modi was one of the first leaders to speak to Trump after his victory; Trump's leadership could enhance US-India intelligence-sharing and counterterrorism efforts; Trump's firm stance on Islamist terrorism may pressure neighboring nations like Pakistan to act against terror networks; Trump's focus on bilateral trade deals could support India's manufacturing and technology sectors; Trump's backing of the Quad may strengthen India's strategic position in the Indo-Pacific.

#India #Trump #Us #China #Terrorism #Trade #Quad #Modi #Geopolitics #Counterterrorism

https://www.news18.com/opinion/opinion-from-countering-china-to-terrorism-how-india-could-gain-from-trumps-presidency-9114534.html 

 US Fed Meeting LIVE: Will Jerome Powell's Rate Cut Bolster Indian Markets? Policy Announcement Shortly
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US Federal Reserve Chairman Jerome Powell to address media at 1:00 am IST on November 8, 2024; Fed expected to cut key interest rates by 25 basis points; previous cut in September 2024 was 50 basis points to 4.75-5 percent; Fed projected 2.5 percentage points rate cuts by end of 2026; dollar index down 0.64 percent at 104.41; Dow Jones down 0.05 percent, Nasdaq up 1.27 percent; gold prices up 1.41 percent; first monetary policy after Donald Trump's return to presidency; policy backdrop includes Trump's proposals for tariffs and taxes expected to boost inflation.

#UsFed #JeromePowell #InterestRates #MonetaryPolicy #Inflation #Trump #IndianMarkets #GoldPrices #DowJones #Nasdaq

https://www.news18.com/business/markets/us-fed-meeting-today-live-interest-rates-outcome-gold-prices-inflation-data-9112860.html 

 Here’s What Donald Trump is Proposing for the US Economy
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Donald Trump, on November 6, 2024, proposed measures to strengthen the US economy and make life more affordable, emphasizing the need for congressional approval. He aims to extend individual income and estate tax cuts from the 2017 Tax Cuts and Jobs Act, which are set to expire at the end of 2025. Trump also plans to eliminate the $10,000 cap on state and local tax deductions (SALT) that was introduced by the TCJA. Trump's proposals come as he has been projected to win the 2024 election, becoming the 47th President of the USA.

#DonaldTrump #UsEconomy #TaxCuts #2024Election #Congress #Salt #TaxPolicy #AffordableLiving #PoliticalProposals #EconomicStrength

https://www.news18.com/business/economy/heres-what-donald-trump-is-proposing-for-the-us-economy-9111236.html 

 US Election: What Does It Mean for Indian Economy? Donald Trump, Kamala Harris Policies Explained
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The US presidential election has significant implications for the Indian economy; opinion polls show a tied race between Donald Trump and Kamala Harris; traders estimate a 56.5% chance for Trump and 43.5% for Harris to win; final US election results expected on November 6, 2024, by 8:45 am IST; Trump may favor global geopolitics, crude oil prices, defense technology, and pharma; Harris likely to continue Biden's multilateral approach; Trump's return could lead to aggressive trade tactics and stricter immigration policies; geopolitical tensions in South Asia and the Indo-Pacific are critical factors.

#UsElection #IndianEconomy #DonaldTrump #KamalaHarris #Geopolitics #TradePolicies #2024Elections #OpinionPolls #PlCapital #SouthAsia

https://www.news18.com/business/economy/us-election-what-does-it-mean-for-indian-economy-donald-trump-kamala-harris-policies-explained-9107785.html 

 Economic History And Its Importance To Bharat’s Rise
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Bharat aims to become a superpower and developed nation; the indigenous Bharatiya model of economic growth is under exploration; cultural influences on economic decisions are significant yet under-researched; historical context is crucial for understanding economic policies; notable researchers include Garry Becker and George Akerlof; cultural identity impacts economic behavior in Bharat uniquely compared to other nations.

#Bharat #EconomicGrowth #CulturalInfluences #History #Policy #Superpower #Research #IdentityEconomics #SriramBalasubramanian #News18

https://www.news18.com/opinion/opinion-economic-history-and-its-importance-to-bharats-rise-9103200.html 

 Trump Vs Harris: 'World's Most Accurate Economist' Picks His Clear Favourite In US Election
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Christophe Barraud predicts Donald Trump will win the Nov. 5, 2024 presidential election against Kamala Harris; he bases his forecast on betting odds, polls, and financial market signals; Trump has diminished Democrats' advantage among Hispanic men; Barraud warns that a Harris victory with a split Congress could lead to market corrections; he has been ranked the best economic forecaster by Bloomberg since 2012.

#Trump #Harris #UsElection #Economist #Forecast #Polls #BettingOdds #Republicans #Democrats #EconomicGrowth

https://www.news18.com/world/trump-vs-harris-worlds-most-accurate-economist-picks-his-clear-favourite-in-us-election-9102951.html 

 Crude Oil Slides on Mideast Respite, Yen Down as Japan Govt Loses Majority
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Brent crude futures fell 4.2% to $67.80 a barrel after Israel's strike on Iranian missile sites did not target oil supplies; Japan's yen hit a three-month low at 153.3 per dollar following the Liberal Democratic Party's (LDP) loss of parliamentary majority with 215 seats, below the 233 needed for control; the LDP's performance is the weakest since 2009, prompting expectations of dovish economic policies; Japan's Nikkei rose 1.6% as technology stocks gained.

#CrudeOil #Yen #Japan #Israel #Iran #Ldp #Nikkei #Economy #Elections #Market

https://www.news18.com/business/crude-oil-slides-on-mideast-respite-yen-down-as-japan-govt-loses-majority-9101358.html 

 Woman Complains About Getting 'Wedged' Between Obese Passengers. Here's How Airline Reacted
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Dr. Sydney Watson complained about being 'wedged' between two obese passengers during a three-hour flight; she expressed discomfort and frustration on social media, stating she couldn't use the armrests and felt physically constrained; the flight attendant noticed her discomfort but did not provide a solution; the incident sparked backlash against the airline on social media; complaints about airlines' inability to accommodate obese passengers are common.

#Airline #PassengerComplaint #Obesity #SocialMedia #FlightAttendant #Discomfort #EconomyClass #Backlash #DrSydneyWatson #Travel

https://www.news18.com/viral/woman-complains-about-getting-wedged-between-obese-passengers-heres-how-airline-reacted-9100398.html 

 Man Sues Airlines, Claims His Dog Died After Moving From First Class To Economy
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Michael Contillo, a San Francisco resident, filed a lawsuit against Alaska Airlines on October 16, 2024, after his French bulldog, Ash, died during a flight from New York to San Francisco on February 1, 2024. Contillo purchased first-class tickets for himself and his father to ensure comfort for Ash and his companion, Kora. Alaska Airlines staff required them to move to economy for 'safety reasons,' causing distress to Ash. After take-off, Ash was found dead upon arrival in San Francisco, with the lawsuit alleging negligence and failure to consider the respiratory risks for bulldogs during air travel.

#Lawsuit #DogDeath #Airline #AlaskaAirlines #FrenchBulldog #Negligence #Travel #PetSafety #SanFrancisco #NewYork

https://www.news18.com/viral/man-sues-airlines-claims-his-dog-died-after-moving-from-first-class-to-economy-9100292.html 

 Cryptocurrencies Are Huge Risks To Financial Stability: RBI Governor Shantikanta Das
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RBI Governor Shantikanta Das stated on October 26, 2024, that cryptocurrencies pose significant risks to financial and monetary stability. He expressed concerns that they could lead to a loss of control over money supply by the central bank, impacting liquidity management and inflation control. Das emphasized the need for international cooperation to address these risks, noting that this perspective may not be popular but is crucial for financial stability. He spoke at the Peterson Institute for International Economics.

#Cryptocurrency #FinancialStability #Rbi #ShantikantaDas #MonetaryPolicy #InternationalCooperation #BankingSystem #Inflation #MoneySupply #EconomicRisks

https://www.news18.com/business/banking-finance/cryptocurrencies-are-huge-risks-to-financial-stability-rbi-governor-shantikanta-das-9099721.html 

 Scholz’s India Visit Marks Strengthened Indo-German Ties, Focus On Skilled Migration And Strategic Partnership
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German Chancellor Olaf Scholz arrived in India on October 26, 2024, with a delegation of eight ministers to enhance economic ties; Germany seeks skilled labor from India due to workforce shortages; the visit coincides with the release of Germany’s 'India Focus Paper' outlining objectives for a strategic partnership; key discussions include expanding the Migration and Mobility Agreement to facilitate Indian professionals' work and study opportunities in Germany; German Finance Minister Robert Habeck emphasized the alignment of Germany’s skill needs with India’s youthful demographic.

#IndogermanRelations #OlafScholz #SkilledMigration #Germany #India #StrategicPartnership #RobertHabeck #Workforce #Economy #MigrationAgreement

https://www.news18.com/india/german-chancellor-olaf-scholz-india-visit-strategic-partnership-strengthen-ties-9099789.html 

 As Israel-Iran War Escalates, How Netanyahu Plans To Strike The Islamic Republic? What Are The Risks?
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Israel plans to retaliate against Iran for the October 1 missile attack; potential targets include Iranian oil facilities, military bases, and nuclear sites; logistical challenges exist for strikes over 1,500 km; former PM Yair Lapid advocates targeting Iran's oil industry; Naftali Bennett emphasizes the need for decisive action; Israel's covert operations against Iran include a 2020 sabotage of a nuclear facility; Iran launched 180 ballistic missiles in response to assassinations of Hezbollah and Hamas leaders; Netanyahu calls for regime change in Iran; Iran's leadership is perceived as weakened amid internal uprisings.

#Israel #Iran #Netanyahu #Military #Oil #Nuclear #Mossad #Hezbollah #Retaliation #Geopolitics

https://www.news18.com/explainers/as-israel-iran-war-escalates-how-netanyahu-plans-to-strike-the-islamic-republic-what-are-the-risks-9082933.html 

 TCS Q2 Results Today: Earnings Likely to be in Single Digit, Know Key Things to Watch Out For
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TCS to release Q2 FY25 results on October 10, 2024; earnings expected in low single digits; previous quarter saw 9% net profit rise to Rs 12,040 crore; revenue increased 5% to Rs 62,613 crore; BSNL deal worth Rs 15,000 crore may support financials; Kotak expects 30 bps QoQ EBIT margin increase; HSBC predicts 1.5% cc QoQ revenue growth; Nuvama forecasts 1.3% cc revenue growth; TCS shares rose 0.02% to Rs 4,252.3; Ratan Tata passed away on October 9, 2024, affecting TCS's press conference.

#Tcs #Q2Results #Earnings #RatanTata #Bsnl #Financials #MarketOutlook #ItServices #India #Business

https://www.news18.com/business/tcs-q2-results-today-earnings-likely-to-be-in-single-digit-know-key-things-to-watch-out-for-9080726.html 

 'We’ll Get It Solved': Donald Trump Vows To End Ukraine War After Meeting Zelensky
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Donald Trump met with Ukraine's President Volodymyr Zelensky on September 27, 2024, at Trump Tower in New York; Trump vowed to end the Ukraine war if elected, stating, 'It’s a shame but this is a war that should have never happened and we’ll get it solved'; Zelensky expressed a common view that the war must stop and that 'Putin can’t win'; Trump criticized Zelensky for not making a peace deal and has faced backlash for his past support of Putin; Zelensky met with Kamala Harris and Joe Biden prior, securing nearly $8 billion in military aid; Tensions rise as the US election approaches, with concerns over future support for Ukraine.

#DonaldTrump #VolodymyrZelensky #Ukraine #Russia #UsElections #MilitaryAid #ForeignPolicy #Putin #PeaceTalks #TrumpTower

https://www.news18.com/world/very-good-sign-trump-on-meeting-ukrainian-president-zelensky-in-new-york-9065559.html 

 'Fighting With Full Force': Israel Rejects Lebanon Ceasefire Plan, Kills Hezbollah Drone Chief In Beirut Strike | Updates
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Israel has rejected a proposed 21-day ceasefire with Hezbollah, continuing airstrikes in Lebanon; Israeli airstrikes on September 27, 2024, killed Hezbollah commander Mohammad Surur in Beirut, wounding 15 others; since September 23, 2024, over 690 people have died in Lebanon due to the conflict; Israeli Prime Minister Benjamin Netanyahu stated that the IDF will continue fighting with full force; the Israeli military intercepted a missile fired from Yemen amid rising tensions; Palestinian President Mahmoud Abbas condemned US support for Israel at the UN General Assembly, citing a death toll of 41,534 in Gaza since the October 7, 2023, Hamas attack; cross-border exchanges have resulted in approximately 600 deaths in Lebanon and around 48 in Israel; the conflict escalated following an Israeli attack on September 18-19, 2024.

#Israel #Hezbollah #Ceasefire #Airstrikes #Lebanon #Netanyahu #Gaza #Palestine #Houthi #RegionalConflict

https://www.news18.com/world/israel-hezbollah-crisis-lebanon-ceasefire-plan-us-back-proposal-drone-chief-dead-in-beirut-strike-9064833.html 

 Harris Makes “Capitalist” Pitch, Trump Pushes For Populism | US Economy | US Elections
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Vice President Kamala Harris pledged to build a pro-business economy that supports the middle class during her speech at the Economic Club of Pittsburgh on September 26, 2024; she emphasized her commitment to fairness, dignity, and opportunity, and proposed doubling registered apprenticeships and increasing home ownership; Donald Trump, speaking shortly before her in Mint Hill, North Carolina, defended his economic vision, advocating for a special lower tax rate for U.S. manufacturers and high tariffs to encourage domestic job growth; he claimed foreign countries have historically taken American jobs.

#KamalaHarris #DonaldTrump #UsEconomy #Populism #Capitalism #Elections #Tariffs #Apprenticeships #HomeOwnership #PoliticalSpeech

https://www.news18.com/videos/world/harris-makes-capitalist-pitch-trump-pushes-for-populism-us-economy-us-elections-9064821.html 

 'He Challenged Us To Think…': Google's Sundar Pichai Shares Details Of PM Modi's Meeting With Top US CEOs
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Prime Minister Narendra Modi held a roundtable with CEOs of leading US tech companies on September 22, 2024, at the Lotte New York Palace Hotel; Google CEO Sundar Pichai emphasized PM Modi's focus on transforming India and promoting the 'Digital India' vision; Modi encouraged collaboration in AI, healthcare, education, and infrastructure; CEOs from 15 major firms, including Adobe's Shantanu Narayena and NVIDIA's Jensen Huang, attended; Modi highlighted India's goal to become the third largest economy and a global hub for semiconductor manufacturing; Modi's government is committed to protecting intellectual property and fostering tech innovation.

#PmModi #SundarPichai #UsCeos #Ai #DigitalIndia #Technology #Semiconductors #Innovation #Collaboration #India

https://www.news18.com/business/economy/google-sundar-pichai-pm-modi-meeting-with-top-us-ceos-9060029.html 

 Major Drivers For Markets This Week: Global Trends, Trading Activity of Foreign Investors
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Foreign Institutional Investors (FIIs) invested over Rs 14,000 crore on September 20, 2024; US Federal Reserve's rate cut led to a record-breaking rally in Indian stock markets; BSE Sensex reached an all-time high of 84,544.31 points, gaining 1,359.51 points or 1.63%; NSE Nifty closed at a record 25,790.95, up 375.15 points or 1.48%; combined market valuation of 6 top firms increased by Rs 1.97 lakh crore; ICICI Bank's valuation rose by Rs 63,359.79 crore; HDFC Bank's valuation increased by Rs 58,569.52 crore; geopolitical risks may threaten bullish momentum; upcoming US macroeconomic data will be crucial.

#Markets #Investments #Fiis #StockExchange #Bse #Nse #UsFederalReserve #EconomicTrends #India #FinancialNews

https://www.news18.com/business/markets/global-trends-trading-activity-of-foreign-investors-major-drivers-for-markets-this-week-analysts-9059384.html 

 Will US Fed Rate Cut Increase Gold Prices in India?
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The US Federal Reserve cut its benchmark interest rate by 0.5% to approximately 4.8% on September 18, 2024, down from a two-decade high of 5.3%. This rate cut is expected to increase gold demand globally, including in India. Spot gold prices were steady at $2,562.85 per ounce after reaching a record high of $2,599.92. Analysts predict gold could reach between $2,640 and $2,700 this year. Colin Shah from Kama Jewelry anticipates a 10-15% rise in gold demand during the festive season, with prices potentially hitting Rs 78,000 domestically. Dr. Renisha Chainani from Augmont expects gold prices to retrace to around $2,500 after touching $2,600. The rate cut may weaken the US dollar, making gold more attractive as a safe-haven asset.

#UsFed #GoldPrices #India #InterestRate #Inflation #Demand #Investment #Economy #Currency #MarketAnalysis

https://www.news18.com/business/economy/us-fed-rate-cut-impact-on-gold-price-in-india-9055899.html 

 US Fed Meeting LIVE Updates: Jerome Powell to Shortly Address Media, Will FOMC Go For 50 bps Rate Cut?
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Jerome Powell to address media on September 19, 2024, at 11:30 pm IST; FOMC expected to cut interest rates by 25-50 basis points; last rate cut occurred on March 15, 2020; Fed held rates steady 11 times since July 2023; previous rate hikes totaled 525 basis points from March 2022 to July 2023; inflation decreased from 9.1% in June 2022 to 2.5% in August 2024; Fed funds futures indicate over 60% chance of a 50 bps cut; potential impacts include lower borrowing costs and positive effects on US and Indian markets; gold prices near lifetime highs amid geopolitical tensions.

#UsFed #JeromePowell #InterestRates #Fomc #RateCut #Inflation #GoldPrices #Markets #Economy #FinancialNews

https://www.news18.com/business/us-fed-meeting-september-2024-live-updates-fomc-interest-rate-cut-decision-outcome-stock-market-9055595.html 

 Stock Market Update: Sensex Jumps Over 150 Points, Nifty Above 25,200; Sona BLW Gains 3%
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On September 5, 2024, the BSE Sensex opened up 122 points at 82,474, while the Nifty 50 rose 51 points to 25,250; Sensex later jumped over 150 points during trading; Sona BLW gained 3%; Wall Street saw significant drops with the S&P 500 down 0.16%; Japan's Nikkei 225 fell 0.92% after wage data showed a 3.6% year-on-year increase; US crude oil prices fell 1.6% to $69.20 per barrel; Atlanta Fed President Raphael Bostic warned against keeping interest rates too high; upcoming US economic data includes jobless claims and nonfarm payrolls report.

#StockMarket #Sensex #Nifty #SonaBlw #EconomicData #WallStreet #CrudeOil #InterestRates #GlobalMarkets #India

https://www.news18.com/business/markets/stock-market-update-sensex-jumps-over-150-points-nifty-above-25200-sona-blw-gains-3-9039489.html 

 At 6.7%, India Leads Global Economic Growth: A Look at Country-Wise GDP Performance
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India's Q1 FY25 GDP growth is 6.7%, the lowest in five quarters but the fastest among major economies; US grew 3%, UK 0.4%, Germany 0.3%, China 4.6%; Deepak Sood from ASSOCHAM notes strength in manufacturing despite weather impacts on agriculture; GVA growth at 6.8%, construction sector grew 10.5%; Ravi Singh cites high base effect and election restrictions for GDP slowdown; CPI inflation at 3.54%, lowest since August 2019; GDP growth estimates for FY25 range from 6.8% to 7% due to government spending and rural demand; Aditi Nayar expects growth above 7% in H2 FY2025.

#India #Gdp #EconomicGrowth #Inflation #Assocham #GovernmentSpending #RuralDemand #Q1Fy25 #Gva #Construction

https://www.news18.com/business/economy/at-6-7-indias-gdp-growth-still-remains-fastest-in-the-world-9033972.html 

 US Fed Chair Jerome Powell Hints at Big Rate Cut in September: 'Inflation Falling, Unemployment Faces Risks'
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Jerome Powell, US Federal Reserve Chairman, indicated a potential rate cut in September 2024, citing evolving inflation and unemployment data; current unemployment stands at 4.3%, nearly 4 percentage points higher than early 2023; job vacancies have decreased and nominal wage gains have moderated; Powell noted the labor market is less tight than pre-pandemic levels; the Fed has maintained interest rates since July 2023 after raising them by 525 basis points from March 2022 to July 2023; the last rate cut occurred on March 15, 2020; the next FOMC meeting is scheduled for September 17-18, 2024.

#JeromePowell #UsFederalReserve #InterestRates #Inflation #Unemployment #EconomicPolicy #Fomc #JacksonHoleSymposium #FinancialMarkets #2024

https://www.news18.com/business/economy/us-fed-chair-jerome-powell-hints-for-big-rate-cut-in-september-inflation-falling-unemployment-faces-risks-9025709.html 

 India's Holding of American Securities Hits High of $241.9 Billion in June
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India's holding of US government securities reached $241.9 billion in June 2024, the highest in a year, up from $237.8 billion in May 2024; Japan leads with $1.11 trillion, followed by China at $780.2 billion; UK holds $741.5 billion; India ranks 12th among countries; previous holdings were $233.5 billion in April and $240.6 billion in March; June 2023 holding was $235.4 billion; global economic challenges noted, with US GDP growth at 2.8% in Q2 2024; IMF projects 3.2% global growth for 2024.

#India #UsSecurities #Investment #Economy #Finance #Gdp #Imf #GlobalEconomy #Treasury #Markets

https://www.news18.com/business/markets/indias-holding-of-american-securities-hits-high-of-241-9-billion-in-june-9019230.html 

 Navigating Geopolitical Landscape: India Faces Challenges Amid Iran-Israel Conflict
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India is facing challenges in navigating the conflict between its two key allies, Israel and Iran. While maintaining strong economic and strategic ties with both nations, India also advocates for a peaceful resolution to their conflict. Recent events, such as the assassination of Hamas Chief Ismail Haniyeh and Iran's direct drone and missile strikes against Israeli military targets, have raised tensions and fears of a wider regional conflict. India's strategic interests in the region, including energy security, trade, and investment, are at stake. India has maintained a cautious and neutral approach, emphasizing the importance of dialogue and peace while avoiding taking sides. India's balancing act requires careful diplomacy and a nuanced understanding of the complex geopolitical landscape.

#India #Iran #Israel #Geopolitics #Conflict #Diplomacy

https://www.news18.com/world/navigating-geopolitical-landscape-india-faces-challenges-amid-iran-israel-conflict-9018930.html 

 Trend Alert: Gold Prices Remain Strong; Crude Witnesses Sharp Up-move - News18
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Gold prices are expected to remain strong, driven by heightened geopolitical tensions and anticipation of key US inflation data; Oil prices surged by over 4% on Monday, marking their fifth consecutive day of gains; Rising gold prices often reflect investor concerns about inflation and economic instability; A soaring oil price can fuel inflationary pressures while also impacting consumer spending and business costs; Gold prices surged over 1% on Monday, reaching their highest level since August 2, as safe-haven demand increased; Crude oil prices are expected to remain elevated as geopolitical tensions in the Middle East continue to fuel concerns over potential supply disruptions; Copper prices rose on Monday as traders covered short positions, anticipating that prices may have reached a bottom ahead of crucial economic data from China and the United States; Copper prices are expected to remain under pressure, driven by weak demand from China and rising inventories.

#GoldPrices #CrudeOilPrices #GeopoliticalTensions #InflationData #SafehavenAsset #SupplyConcerns #GlobalDemand #EconomicInstability #ConsumerSpending #BusinessCosts #MiddleEast #SupplyDisruptions #CopperPrices #China #UnitedStates

https://www.news18.com/business/economy/gold-rate-today-international-market-us-fed-impact-crude-oil-prices-9013883.html 

 Crude Oil Hovers at 8-Month Lows as US Recession Fears Offset Mideast Tensions
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Oil prices hover at 8-month lows due to US recession fears and concerns about escalating tensions in the Middle East; Brent crude futures down 4 cents to $76.77 a barrel, while US West Texas Intermediate crude futures down 13 cents to $73.39 a barrel; Persistent fighting in Gaza and the threat of retaliation from Iran and its allies Hamas and Hezbollah add to concerns about crude exports being impacted; OPEC+ sticks to plan to phase out voluntary production cuts from October, dragging down oil prices; Weak economic data across the globe and slumping diesel consumption in China also weigh on oil prices.

#CrudeOil #UsRecession #MideastTensions #BrentCrudeFutures #WestTexasIntermediateCrudeFutures #Gaza #Iran #Hamas #Hezbollah #Opec+ #VoluntaryProductionCuts #EconomicData #DieselConsumption #China

https://www.news18.com/business/economy/crude-oil-hovers-at-8-month-lows-as-us-recession-fears-offset-mideast-tensions-8990365.html 

 Is US Economy Facing Recession As Jobs Data Signals Slowdown?
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The weaker-than-expected latest jobs data in the US has sent fears across the globe of a likely recession in America; US Federal Reserve Chairman Jerome Powell signaled a rate cut in September amid falling inflation; According to the latest data in the US, employers added 114,000 jobs, below expectations for an increase of 175,000; The unemployment rate rose to 4.3%, above economists’ expectations that it would be unchanged on the month at 4.1%; Traders are now pricing in a 71% probability that the Fed will cut rates by 50 basis points in September; Geojit Financial Services chief investment strategist V K Vijayakumar said there was consensus expectations of a soft landing for the US economy; Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said the recent rise in unemployment rate activated the Sham rule which states that when the three-month moving average of the national unemployment rate rises by 0.50% or more, it onsets the recession fears in the economy; US macroeconomics expert George Gammon said there is likely hard landing for the US economy; Ace investor Warren Buffett has also cut its Apple shares by 50% and moved towards US treasuries; According to a note by rating agency ICRA, weak US manufacturing data of July 2024 along with mixed earnings from tech companies sparked worries about a recession in the US; Crude oil prices hovered at eight-month lows on Monday offsetting concerns that escalating tensions in the Middle East may affect supplies from the largest producing region; The stock markets across the globe also witnessed massive sell-offs, with Japanese stock market falling as much as 12%; US Federal Reserve Chair Jerome Powell hinted at a rate cut in September, depending on jobs data and inflation trend.

#UsEconomy #Recession #JobsData #FederalReserve #RateCut #UnemploymentRate #StockMarket

https://www.news18.com/business/economy/is-us-economy-facing-recession-8990397.html