GLOBAL
Charting the global economy: Inflation ebbs in US, France, Spain
With inflation settling down in many European economies, there are signs that central banks in the areas could reduce interest rates.
Putting the desi in design: India seems to be the flavour of global fashion
At the Paris Haute Couture Week, Rahul Mishra made his ninth appearance and Vaishali Shadangule released her collection ‘Satori’. Kartik Kumra showcased at the Menswear Fashion Week in Paris while Dhruv Kapoor returned to the men’s fashion week in Milan. And Mayyur Girotra showcased at the New York Pride. This is the runway. The red carpet is another story. And Hema Bose is the lead writer of that tale.
Tech boom leads global markets through first half of 2024
The first half of 2024 was marked by soaring mega caps, political uncertainties, and remarkable movements in commodities and emerging markets. From Nvidia's market value surge to Japan's weakening yen and the rise of cryptocurrencies, the period reflected a mix of challenges and opportunities shaping the global economy.
MNCs in India fret as US yet to ratify global tax deal
Tax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass, faces significant challenges. Without US ratification, meeting the OECD tax deal's implementation conditions to reshape the global tax system becomes extremely difficult. The international tax treaty's implementation needs acceptance by 30 jurisdictions and the inclusion of the headquarters jurisdictions of at least 60% of the most profitable multinationals; given that many of these businesses are located in the United States, US participation is critical to attaining this level.
Xi Jinping lauds relevance of Panchsheel to end world conflicts, calls for consolidating Global South
Xi Jinping emphasized the Five Principles of Peaceful Coexistence, proposed the Global Security Initiative, and unveiled initiatives to enhance cooperation with the Global South, demonstrating China's strategic vision for inclusive international relations and development.
Sebi plans to cut red tape for global funds buying its bonds
Sebi is keen to eliminate many of its information requirements — such as disclosure of investor group and beneficial ownership — as these serve to regulate equity and corporate debt investors. Information required by the RBI and revenue departments would remain unchanged.
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Has the global economic environment turned favourable for equities?
Global economy's resilience amidst crises led to surprising growth stability and inflation control. Potential trade war threats loom, while equity markets soar to record highs, indicating positive economic outlook.
Drought gripping Morocco is bad omen for global food supplies
Facing severe droughts, Morocco's farming sector struggles with plummeting wheat yields, impacting fruit and vegetable exports and widening income disparities.
India set for more global attention as bond inclusion begins
India's government bonds enter JPMorgan's index, attracting billions in inflows, driven by positive economic indicators, high yields, and market performance, positioning India as a top choice for global investors.
S&P Global announces insider Martina Cheung as CEO
S&P Global announced on Thursday that it has appointed Martina Cheung as CEO, effective Nov. 1. Cheung will succeed Douglas Peterson, who has been the chief executive since 2013. Cheung has been with S&P Global for 14 years and has held multiple leadership roles within the company.
PM Modi lauds Indian universities for making strides on global stage
Prime Minister Narendra Modi praised Indian universities for their global advancements and highlighted the government's dedication to quality education, resulting in positive outcomes. Modi expressed delight in India's universities excelling internationally and assured continued support for educational institutions to foster growth and innovation for the youth. The prime minister's remarks were in response to Phil Baty's acknowledgment of India's increasing presence in the Times Higher Education Rankings.
Global Chess League to generate business value of $40 m in 5 years: Tech Mahindra CEO Mohit Joshi
The Global Chess League (GCL), initiated by Mahindra Group chairman Anand Mahindra, is projected to generate over $40 million in business value over five years, according to Tech Mahindra's CEO Mohit Joshi. The league, a joint venture with the International Chess Federation (FIDE), is the world's first franchise-based chess league and targets expansion into the US and Europe alongside India. With six current teams and plans to expand to eight teams from the third season, GCL aims to boost engagement across social media and TV platforms.
Global funds most bullish on Indian equity futures since 2017
The number of index futures contracts held by global funds with bullish interest versus those with bearish bets rose to 140,835, the highest in seven years, according to data compiled by Bloomberg.
Failure to tax world's richest means global tax needed: report
The idea of a global tax on the richest is already supported at the G20 by Brazil, France, Spain and South Africa -- although the United States has opposed it. Tuesday's report by economist Gabriel Zucman calls for a coordinated minimum tax standard for ultra-high net worth individuals, arguing "the very wealthy benefit from a gigantic tax privilege".
Visaman Global Sales IPO opens today: Check issue size, price band, GMP and other details
Visaman Global Sales IPO opened today to raise Rs 16.05 crore through a fresh equity issue. The company specializes in steel products and aims to utilize the funds for capital expenditure and working capital needs.
'Research' now key to get into top global schools
Top international universities accepted only 4% of undergraduate applicants in recent admission cycle. Research is now a vital factor for admission abroad, along with grades and extra-curricular activities.
World looking at Yoga as an agent of global good: PM Modi
Prime Minister Narendra Modi highlighted the global significance of yoga on International Yoga Day in Srinagar, emphasizing its potential to boost the economy of Jammu and Kashmir through increased tourism. He described yoga as a science and a tool for personal development with far-reaching benefits for society and humankind.
Global supply chain shift: Has India finally arrived?
Global supply lines are shifting for more resilience. Geopolitical developments put India at an advantage. Will demographic dividend finally create value for India?
Nvidia more valuable than these major global markets
US-based technology giant Nvidia Corporation, currently the second-largest company in terms of global market cap, briefly ranked first on Wednesday, surpassing giants like Microsoft and Apple. Nvidia is now more valuable than some of the largest global markets, according to ET Bureau.
International Yoga Day 2024: Global celebrations in photos
People practice yoga during the 22nd annual 'Solstice in Times Square' to celebrate the summer solstice in New York City, US.
Globally renowned tourist spots in India and what to do there
This white marble mausoleum needs no introduction. Built by Mughal Emperor Shah Jahan in memory of his third wife Mumtaz Mahal, the Taj Mahal is widely recognised as "the jewel of Muslim art in India and one of the universally admired masterpieces of the world's heritage" by UNESCO. It is one of the Seven Wonders of the World. Taj Mahal's intricate details, symmetrical design and breathtaking beauty leave every visitor awestruck. A sunrise or sunset visit is more beautiful as the changing light casts a magical glow on the white marble.
Oyo's funding to finance global expansion, acquisitions: filings
ET reported on June 20 that Oyo has received shareholder approval for raising Rs 416.85 crore through preference shares in an extraordinary general meeting (EGM) held on June 18. The shareholders also gave their nod to increasing Oyo's authorized share capital from Rs 901.14 crore to Rs 1,341.14 crore.
Buy Rudra Global Infra Products, target price Rs 70: ProfitMart
Rudra Global Infra Products Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 513.96 Crore) operating in Metals - Ferrous sector.
Wall Street bucks global rally as bond yields rise
Wall Street's rally, driven by Nvidia and AI enthusiasm, saw record highs. European stocks were boosted by tech and real estate sectors. The STOXX 600 and FTSEurofirst 300 indexes rose, reflecting market optimism.
Ummeed Housing Finance raises Rs 630 cr equity
Ummeed Housing Finance raises ₹630 crore in Series F round from investors including A91 Partners LLP and existing investors. Funds to be used for expansion in central and southern India.
Global rate-cut juggernaut is struggling to start
Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.
Global traders flood American markets in search for safety
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
Global standards with FTAs
India recently concluded a trade and economic partnership agreement with the European Free Trade Association (EFTA) comprising Iceland, Liechtenstein, Norway, and Switzerland. The agreement includes innovative features like linking potential investment with tariff liberalisation.
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
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