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Indian economy to stay as ‘star performer’ with key indicators in its favour

Dec 31, 2023

New Delhi, Dec 31 (IANS) India continues to be a ‘star performing’ economy as against other emerging markets, as per a report by Axis Securities.“We firmly believe that India is likely to continue its growth momentum in 2024 and remain the land of stability against the backdrop of a volatile global economy. The majority of the high-frequency…

Drop in global prices a relief for oil import-dependent Indian economy

Dec 31, 2023

New Delhi, Dec 31 (IANS) The decline in global oil prices, despite the geopolitical uncertainty in West Asia, has come as a major shot in the arm for the Indian economy as the country imports over 85 per cent of its crude oil requirement.…

Business

India’s external position resilient despite pessimistic global trade outlook

Dec 31, 2023

New Delhi, Dec 31 (IANS) Global trade is projected to end the year 5 per cent down compared to 2022’s record levels, shrinking by about $1.5 trillion to below $31 trillion, according to UNCTAD’s latest Global Trade Update.The outlook for…

Business

India emerged as a leader in IPOs in 2023: Report

Dec 31, 2023

Hong Kong, Dec 31 (IANS) 2023 was a year of divergence for investors in Asian markets, as Japan's benchmark index touched a 33-year high, Hong Kong rounded out its fourth straight year of decline and India emerged as a leader in IPOs,…

Business

Markets to have a tough time as new year unfolds

Dec 31, 2023

New Delhi, Dec 31 (IANS) The week has come to end and this week becomes special because the calendar year 2023 ends at the stroke of midnight as well. The week was a four-day affair with it beginning with a trading holiday on account of…

Business

Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24

Dec 31, 2023

New Delhi, Dec 31 (IANS) Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on…

Business

Investors to focus on series of economic data globally in the coming week

Dec 31, 2023

New Delhi, Dec 31 (IANS) We expect a modest return of 10 to 12 per cent on the main market in CY24, says Vinod Nair, Head of Research at Geojit Financial Services.It is advised to diversify the investment pattern to multi-assets. It is…

Business

Cybersecurity sector was not immune from job losses in 2023

Dec 31, 2023

New Delhi, Dec 31 (IANS) As tech layoffs are set to continue unabated in 2024, the cybersecurity industry was not immune from job losses and more than 110 cybersecurity companies fired thousands of employees in 2023. Once largely…

Business

Chinese stocks were big losers of 2023

Dec 31, 2023

London, Dec 30 (IANS) While 2023 has been the best year for global stocks since before the pandemic, with markets in the United States, Europe, Japan and India enjoying strong rallies, investors have soured on China, a media report said.A…

Business

Wall Street hits record high in 2023

Dec 30, 2023

New York, Dec 30 (IANS) Wall Street hit record high after record high in 2023, a year investors had feared would be a washout as elevated interest rates threatened to grind the economy to a halt, media reports said. However, a resilient…

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