DISRUPTIVE GROWTH
![China's GDP growth dips: Where is its economy headed?](https://img.etimg.com/thumb/msid-111761178,width-100,height-75,resizemode-4/news/international/world-news/chinas-gdp-growth-dips-where-is-its-economy-headed.jpg)
China's GDP growth dips: Where is its economy headed?
China's GDP growth in the second quarter was 4.7%, below the expected 5.1%. The slowdown raises concerns about economic stability and calls for measures to stimulate growth. IMF projects a gradual slowdown in growth due to various factors including ageing population and property sector crisis. Policy meeting aims to outline strategies for promoting advanced manufacturing and boosting domestic consumption. Structural reforms are suggested to enhance productivity and address economic imbalances.
![China's second-quarter GDP growth falls short of expectations](https://img.etimg.com/thumb/msid-111750810,width-100,height-75,resizemode-4/news/international/world-news/chinas-second-quarter-gdp-growth-falls-short-of-expectations.jpg)
China's second-quarter GDP growth falls short of expectations
China's GDP grew 4.7% in Q2, after 5.3% in Q1. The National Bureau of Statistics cited weather, external uncertainties, and domestic challenges. Beijing aims for economic optimism at the third plenum. Trade tensions, property downturn, local debt, growth shift, 5.5% GDP target, ageing workforce, environmental challenges, Council on Foreign Relations, and China Economic Review impact the economy.
![10 equity mutual funds that have outperformed over 1, 3 and 5 years](https://img.etimg.com/thumb/msid-111704874,width-100,height-75,resizemode-4/wealth/invest/10-equity-mutual-funds-that-have-outperformed-over-1-3-and-5-years.jpg)
10 equity mutual funds that have outperformed over 1, 3 and 5 years
Equity funds that beat their benchmark indices and category average returns regularly tend to score well on risk-adjusted metrics and hold durable stock portfolios.
![Auto component industry to see moderate growth this fiscal: ICRA](https://img.etimg.com/thumb/msid-111657804,width-100,height-75,resizemode-4/industry/auto/auto-components/auto-component-industry-to-see-moderate-growth-this-fiscal-icra.jpg)
Auto component industry to see moderate growth this fiscal: ICRA
Credit ratings agency ICRA predicts a moderate growth for the auto component industry in the coming quarters due to the Red Sea crisis, higher container rates, and shipping time. The industry is expected to see a year-on-year improvement of around 50 basis-points in FY2025, benefiting from better operating leverage, higher content per vehicle, and value additions. The industry's liquidity position remains comfortable, especially across tier-I players, supported by stable cash flows and earnings. ICRA expects the growth in revenues of the Indian auto component industry to ease to 5-7 per cent this fiscal, from the highs of around 14% in FY 2023-24.
![Oil little changed as investors eye impact of storm Beryl on Texas](https://img.etimg.com/thumb/msid-111564270,width-100,height-75,resizemode-4/markets/commodities/news/oil-little-changed-as-investors-eye-impact-of-storm-beryl-on-texas.jpg)
Oil little changed as investors eye impact of storm Beryl on Texas
Oil prices held steady with Texas ports closed for Tropical Storm Beryl, a potential Category 2 hurricane. Brent at $86.65, WTI at $83.08. Analyst Tony Sycamore cited power outages, inventory draws, and rate cut hopes from easing inflation. Energy Information Administration data showed weekly draws, with unchanged Baker Hughes rigs. Key ports Corpus Christi and Houston closed.
![Focus on autonomous vehicles, EU expansion drive KPIT’s growth](https://img.etimg.com/thumb/msid-111559266,width-100,height-75,resizemode-4/tech/technology/focus-on-autonomous-vehicles-eu-expansion-drive-kpits-growth.jpg)
Focus on autonomous vehicles, EU expansion drive KPIT’s growth
Despite global challenges like supply chain issues and the rise of AI, KPIT Technologies has continued to grow, CEO Kishor Patil told ET. This is due to the company's smart investments in areas like EVs and self-driving cars, along with their timely expansion into European markets, he added.
Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
The head of Israel's Mossad has returned from Doha after an initial meeting with mediators trying to reach a Gaza ceasefire and hostage release deal, and negotiations will resume next week, Prime Minister Benjamin Netanyahu's office said on Friday.
Pressure on diagnostics industry will continue for another five years : A Velumani, Thyrocare Tech
Yes, there were challenges in diagnostic industry of a different nature in early 2000. There were no automations available adequately. Before year 2000 there were only two-three automations in the country and by another 10 years it became 500, another 10 years it has become literally 5,000.
Indian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member
RBI's monetary policy committee member Shashanka Bhide highlighted India's potential for stable high growth amidst significant risks, citing strong domestic demand, investment spending, and positive monsoon forecasts. He emphasised the importance of maintaining inflation aligned with targets to support growth, with the RBI projecting retail inflation at 4.5% for FY25. The MPC recently kept the repo rate unchanged at 6.5%, focusing on sustaining economic momentum.
Private consumption seen growing, concerns on capex growth: Morgan Stanley Research
Consumption growth has remained weak since the pandemic, recovering at a slow pace. Private consumption is recovering, with growth is tracking at 4% in the quarter ended March 31, 2024 as against 1.5% a year ago but it is just catching up to the pre-pandemic trend and remains below the pre-pandemic average of 6.3% in 2019.
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growing demand in cloud migration and transformation services.
Transform your CX with G7 CR's disruptive approach towards customer experience
G7 CR Technologies, a Noventiq company, revolutionizes unified customer experience in the tech industry, driving business transformation and enhancing customer satisfaction.
Aiming to cross milestone of Rs 1000 crore revenue by FY-27: Rohan Verma, MapmyIndia
There is lot of growth opportunities ahead for MapmyIndia if you look at the areas that we play in, which is maps, IoT and drones. And, it is essentially what we are trying to do every year or every few years is unlock more adjustable markets for ourselves.
Shipping delays and disruptions erode profitability of MSMEs: Ketan Kulkarni, Allcargo Group
Extended transit times can result in increased transportation expenses and potential penalties for late deliveries, further straining financial resources, says Ketan Kulkarni, Chief Growth Officer, Allcargo Group.
Why imports from China are rising despite atmanirbhar Bharat initiatives
Imports from China is something India should monitor. But in some ways, this might be the way for the country to become a self-reliant economy.
Election outcomes won't disrupt India's economic stability: Saurabh Mukherjea
There will probably be governance continuity as well, but almost certainly there will be policy continuity and hence, my point of view to the foreign investors is, beyond a point, you should not overemphasise the elections.
Warren Buffett play: 6 things to consider before investing in Special Opportunities Fund
Special Opportunities Fund (SOF) is an investment fund capitalizing on unique opportunities below intrinsic value, inspired by Warren Buffett. WhiteOak Capital Mutual Fund and Samco Mutual Fund have launched similar funds. Alekh Yadav, Head of Investment Products at Sanctum Wealth, highlights the fund's strategy. Investors should consider the differentiated offerings and track record, with high-risk appetite recommended for SOFs.
"If we work together, India can achieve all SDGs by 2030" says Ajay Piramal at CII Annual Business Summit 2024
Underscoring the rapid progress expected over the next two decades, he said, "Let's say in 2047, we'll have - we'll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we'll be the third-largest economy. So only the U.S. and China will be ahead of us. So that's a big progress the country is making."
The tech mahadasha: Stars align for India's online astrology market
Astrology, once a traditional practice, has transformed into a booming online business. With astrologers now accessible online, the industry is experiencing rapid growth. The pandemic further accelerated this trend, leading to a surge in consultations and subscriptions. The online astrology market in India is projected to grow significantly, driven by tech advancements and changing consumer behavior.
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