CATEGORIES

Globalize or De-globalize in a Changing World Order?

IT is said that \"Those that fail to learn from history are doomed to repeat it.\" But what happens when history seems ill-equipped to offer solutions for the future, simply because the ground rules are undergoing tectonic shifts?

US Technically in a Recession

The U.S. economy contracted for two consecutive quarters in the first half of 2022, according to a government report, which places it technically in a recession. The country's gross domestic product (GDP) fell by 0.6 percent on an annualized basis in the second quarter; the first-quarter GDP dropped by 1.6 percent.

Ignoring Dr. Doom Wouldn't be a Good Idea

Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a \"long and ugly\" recession in the US and globally occurring at the end of 2022 that could last all of 2023.

Economic Growth Projections Reflect Significant Slowdowns

The global economy continues to face steep challenges, shaped by the lingering effects of the Russian invasion of Ukraine, a cost-of-living crisis caused by inflation pressures, and the slowdown in China. Indian economy may not be directly affected by some major issues yet it is not decoupled.

The Story of Inflation

Once upon a time in a village in India, a man announced to the villagers that he would buy monkeys for ₹10.

Adani Port to develop Tajpur deep-sea port

Adani Ports and Special Economic Zone (APSEZ) has received a Letter of Award from West Bengal Industrial Development Corporation for the development of deep-sea port at Tajpur, West Bengal on Design, Build, Finance, Operate, and Transfer basis.

HCC Completes Debt Resolution Plan

Hindustan Construction Company has successfully completed its debt resolution plan with 23 banks and financial institutions.

"INDIAN MARKETS WILL REMAIN VOLATILE BUT MAY SHOW UNEXPECTED BUOYANCY"

In an engaging interview, the market veteran Sudip Bandyopadhyay, Group Chairman of Inditrade (JRG) Group of Companies, whose diverse experience of over three decades in the world of Finance includes long stints with ITC, Reliance ADA Group and Destimoney, shares his views with Indian Economy & Market, on the global economy, the market upheaval, recent OPEC decision, and his favorite sectors.

Shri Keshav Cement Infra Ltd. In a Constantly Evolving Mode

Shri Keshav Cement Infra Ltd., formerly known as Katwa Udyog Limited, operates two cement plants and Captive solar plant. It was started by well-known industrialist and visionary H D Katwa, who after trading for sometime as a trader in textiles, entered into cement arena by setting up a small mini plant of 30 Tones Per Day (TPD). Although he has retired from active participation in the company operations yet he is a guiding force behind the organization.

WORLD ECONOMY IN SHAMBLES

According to UNCTAD’s Report the world economy is expected to grow 2.5 per cent in 2022. This is more than one percentage points below the rate projected in last year’s Report and prospects appear to be worsening with growth expected to decelerate further next year to 2.2 per cent, leaving real GDP below its preCovid trend by the end of 2023. This year’s sell-off in emerging market dollar-denominated bonds is exacerbating debt distress across several economies of South and Western Asia.

Is ESG simply a socialist Plot Disguised as Free Market?

Many leftist progressive groups are pushing forward environmental, social, and governance (ESG) standards on companies and investments, claiming that such standards will benefit society. Andy Puzder, author of “The Capitalist Comeback,” warns that ESG is simply socialist ideologies being falsely presented as the free market.

Why Mutual Fund?

Mutual fund has now become one of the most trusted investment vehicles by common investors. Thanks to the high decibel investment awareness programme by the industry body and a proactive regulator that has made MF product easy to understand and safe to invest. There is yet a lot to be done to truly democratise it.

WARREN BUFFETT TURNS 92

Warren Buffet turned 92 on August 30, 2022. He has a net worth of over a hundred billion dollars, and also known for his simple lifestyle.

EVERY TIME the Market has PULLED BACK, it has Rallied to NEW HIGHS

"How many times over the past several years have you heard that stocks are massively overpriced by historical standards that they just couldn't go any higher? But stocks have gone higher. Think of how much opportunity you would have missed out on if you followed this doomsday narrative for the past several years," says the ace investor Alan Knuckman, who has worked with all aspects of the options markets for the past 25 years

PAPER INDUSTRY SUNSET TO SUNSHINE INDUSTRY

Once categorised as sunset industry is now appearing to be a sunrise industry. Thanks to new catalyst that is supporting the industry.

Integra essentia Ltd.

Integra Essentia Limited is pleased to announce having received orders for ₹110 Million+ for supplying Premium Dry Fruits; supply for these orders shall be completed in next couple of fortnights, which will help the Company in exceeding the targeted sales for the Q2 of the current financial year.

The Rising Stagflation Risk is Real

A Global Economic Prospects (the World Bank’s Flagship Publication) report offers the first systematic assessment of how current global economic conditions compare with the stagflation of the 1970s—with a particular emphasis on how stagflation could affect emerging market and developing economies.

“Our dream is to have something to offer to every small borrower”

"CGTMSE on its part is deeply committed to pursuing government's development agenda by accelerating guarantee coverage and providing the requisite stimulus for institutional lending to the MSES. I personally feel that a lot can be done still for the women entrepreneurs and for the people belonging to socially weaker section of the society. We are working on proposals to provide them additional benefits. Ultimately our aim is to make an inclusive society."

Credit Guarantee Fund Trust for Micro and Small Enterprises

A platform that serves unserved, under-served, underprivileged and new generation entrepreneurs

INFLATION, RECESSION FEARS & BUSINESS ACTIVITY

A recession in the first half of 2023 is inevitable, feels many. Andrew Moran, the author of “The War on Cash” delves deep to unearth the future with facts.

As fighting to the last Ukrainian continues THE WORLD TO FACE MANY MANMADE FIASCOS ENERGY SHORTAGE, FAMINE & GLOBAL MIGRATION CRISIS

The worst economic impacts of the war are yet to come. Europe has completely failed in its efforts to diversify energy supplies away from Russia. There's not that much extra oil output available. Natural gas is also in short. Meanwhile, Putin has been gradually reducing the supply of natural gas to Western Europe. But a looming energy shortage isn't the only coming manmade fiasco. Food shortages and in some cases famine will emerge this fall. It could also trigger global migration crisis. Freezing in the dark while starving is not a description anyone should take lightly. James Rickards feels that it was all avoidable.

Why do some countries remain poor?

This is the subject matter of three much-talked-about books

Is The World Economy Moving Towards Recession?

Global financial services group, Nomura is predicting a ‘procession of recessions’. It expects a number of major economies to enter a recession within the next 12 months as tightening monetary policy and surging commodity prices choke off global growth. The US, Euro-zone, UK, South Korea, Australia and Canada are all expected to witness economic contraction with different levels of severity and for varying time frames.

Emerging as a Saviour in Cooperative Sector

Anshumman Joshi, Chairman, Dhanvarsha Group is an entrepreneur having varied interest in several related fields. Primarily he is a private equity investor, an influential litigant in the field of cooperative sector and a policy framework designer for the growth of the sector. With his relentless efforts and dedication he is considered to be a saviour for the cooperative banking sector. He is also an acclaimed social worker, RTI and Rights activist, and a familiar face in the corporate world as an aggressive corporate head honcho.

REAL ESTATE MOMENTUM IS FOR REAL

Despite elevated inflation and recent interest rate hikes, the real estate sector has been exceptionally resilient. The sector is likely to continue to strengthen in the quarters ahead.

"WE EXPECT TO CROSS ₹2,000 CRORE SALES IN FY24"

The Rights Issue, which came two months back, has triggered huge expectations. Please brief about the mega expansion plans at Morbi.

"With combination of organic and inorganic growth we aim an AUM to ₹50,000 crore by 2025-26"

Mr. T. S. Ramakrishnan joined LIC Mutual Fund Asset Management Limited as Managing Director & Chief Executive Officer on March 01, 2022. He has a very rich experience of over 34 years, at LIC and its subsidiaries/associate companies. Prior to this he was associated with this organization as Officer on Special Duty (OSD). He was also General Manager (Mumbai) at LIC Housing Finance Ltd. and Regional Manager at LIC of India, Hyderabad. Mr. Ramakrishnan is a Bachelor of Commerce (Hons.) and PGDIM and has been awarded Fellowship from the prestigious Insurance Institute of India. Indian Economy & Market decided to piece together the past and the future initiatives of the fund house and Mr. T. S. Ramakrishnan, Managing Director & Chief Executive Officer obliged even though he took the reign just five months back.

THE FED VS. THE ECONOMY - The idea that the Fed can squash inflation without squashing the economy is false.

There are two major sources of inflation. There's the supply side and there's the demand side. Either one of them can drive inflation, but they're very, very different in terms of how they work. Raising interest rates has no impact on the supply side shortages we're seeing. And that's where the inflation's coming from. Since the Fed has misdiagnosed the disease, they are applying the wrong medicine. Tight money won't solve a supply shock. Until the supply shortages are fixed, higher prices will continue, says Jim Rickards.

Sons of the Soil Losing Sense of Belonging

In all nearly 9.3 lakh people surrendered their Indian passports since 2015

Equity MFs See Rs 15,498 Crore Inflow In June

Inflows into equity mutual funds in June was much lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) indicates.