The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. "All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields.
Infosys co-founder N R Narayana Murthy stirred a storm on X when he said young people should work 70 hours a week to level up the country's productivity. In a conversation with former Infosys CFO Mohandas Pai in the inaugural episode of 3one4 Capital's podcast 'The Record,' Murthy said that youngsters should put extra hours at work to compete with leading economies. "India's work productivity is one of the lowest in the world. Unless we improve our work productivity...we will not be able to compete with those countries that have made tremendous progress," he said, comparing India with China, Japan and Germany.
In 2022, he raced past Usain Bolt, 'the world's fastest man', to become the world's most written-about athlete. The attention has followed a stream of medals: Asian Games gold twice, an Olympic gold, and silver and gold at the World Athletics Championships.
Images from Day 1 of the 2024 Australian Open in Melbourne on Sunday.
Images from Day 2 of the 2024 Australian Open in Melbourne on Monday.
'We've got a huge track record and success in bringing several biosimilars to the market.'
The United Kingdom has shown its disagreement with India's action after the India-Canada standoff which resulted in the departure of 41 Canadian diplomats from India and called for resolution of differences through discussion.
The Wall Street major Morgan Stanley has upgraded India to "standout overweight" citing that the relative economic and earnings growth is improving and the macro-stability setup looks sufficient to withstand the higher real rate environment. "India remains standout overweight. "We increase our overweight stance on Indian equities and as our most-preferred emerging market," the brokerage said in a note on Friday.
India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.
Puri said that Gandhi's "initial life" in the UK, his education prepared him for an "English-style barrister".
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
Even as the Supreme Court's five-judge Constitution bench on Tuesday refused to grant legal recognition to same-sex marriages, there are 34 countries where marriage between same-sex couples is legally performed and recognised with the most recent country being Andorra.
India voted in favour of a resolution that condemns Israeli settlement activities in the Occupied Palestinian Territory.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
India's voting pattern in the United Nations with regard to the Israel-Palestine conflict is lately marked by a calibrated distancing from Israel, observes Ambassador M K Bhadrakumar.
Global financial markets are not yet fully factoring in any escalation in the Israel-Palestine geopolitical conflict, said Christopher Wood, global head of equity strategy at Jefferies in his latest weekly note to investors, GREED & fear. The pertinent point about ongoing events in West Asia from a financial market perspective, according to him, is that, despite much talk about a pending ground invasion of Gaza, no such invasion has yet happened. "This is beginning to make GREED & fear wonder if it is ever going to happen.
Sindhu sweats past Nguyen to enter Arctic Open semis
Equity benchmark indices Sensex and Nifty declined for the second straight session on Friday following selling in banking, financial and select IT shares amid a weak trend in global markets. The 30-share BSE Sensex dropped by 125.65 points or 0.19 per cent to close at 66,282.74 as 16 of its constituents fell and 14 advanced. The index opened lower and fell further by around 513 points to the day's low of 65,895.41 in morning deals.
Get more people working, get more people working in modern manufacturing and services in our cities, and get people working better and longer, suggests Naushad Forbes, past president, CII.
Profit taking in Bajaj Finance, Nestle, Kotak Bank, SBI, Bharti Airtel L&T and Asian Paints also weighed on the benchmark index. Maruti bucked the trend by gaining 1.73 per cent after strong retails sales in September. Power Grid, M&M. JSW Steel and Tata Steel also advanced.
Pro-Palestinian protests were registered in Tokyo, Japan; Beirut, Lebanon; Dublin, Ireland; Amman, Jordan on October 11, 2023.
Apparel exports to Japan are expected to grow by 20-25 per cent year on year from the current $220 million on account of rising opportunities for domestic exports, AEPC said on Saturday. Apparel Export Promotion Council (AEPC) said that rising opportunities due to changing geopolitical landscape, government supports like production linked incentive, mega park scheme, improving the quality standard, getting sustainable and utilising benefits of free trade agreements with major markets are the key growth drivers. To promote exports to Japan, the council is organising a two-day show in Gurugram.
India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of $7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year. India's gross domestic product (GDP) is expected to grow 6.2-6.3 per cent in the fiscal year ending in March 2024, being the fastest-growing major economy this fiscal year.
The Indian gymnast also secured a position in 18 competitors selected to compete in the women's all-round final which will take place on Wednesday, September 27.
Yokohama beat Shandong to book Asian Champions League last 16 berth
Brazilian Rebeca Andrade won gold in the women's vault at the Artistic Gymnastics World Championships in Antwerp on Saturday after a fall by Simone Biles denied the American another win.
The country's largest lender SBI on Saturday reported a 9.13 per cent rise in consolidated net profit to Rs 16,099.58 crore for the September quarter, weighed down by money it had to set aside for employees' impending wage and pension revisions. On a standalone basis, the State Bank of India (SBI) had a 8.03 per cent increase in the profit after tax for the reporting quarter at Rs 14,330 crore. However, the same was down 15.13 per cent compared to Rs 16,884 crore in the June quarter.
Indian wrestlers return with six medals
The Indian women thus avenged their 0-1 defeat against Japan in the last edition of the Games in Jakarta in 2018.
India's iconic Vande Bharat train project may finally find a solution to its two Russian-related issues.
Following is India's schedule at the Asian Games in Hangzhou, on Saturday, October 7.
Repechage gives losing wrestlers from the pre-quarterfinal round onwards a shot at the bronze medal if the winning grappler makes it to the title round.
The Chinese managed to enter their opponent's circle on frequent basis but failed to find the back of the net as the Indians defended stoutly.
India on Thursday set up a semifinal clash with Pakistan in the men's kabaddi competition
Olympic and World Champion Neeraj Chopra successfully defended his Asian Games gold medal in a thrilling duel with fellow Indian athlete Kishore Jena, overcoming a technical glitch that added to the drama.
Indian men's team outwitted China 2-1 to reach the final of the bridge competition, assuring the country of at least a silver medal at the Asian Games in Hangzhou on Wednesday.
Men's team outclassed Thailand 63-26, the women's side prevailed 54-22 in two Group A matches
India's race walkers Manju Rani and Ram Baboo won the bronze medal in the inaugural 35km mixed team event at the Asian Games.
'The policy of our UP government is that if someone wins a gold, s/he will be made deputy superintendent of police. That was in my mind,' she shared, as she looked forward to the recognition she rightfully deserves.
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