Oil

Oil Prices Climb Amid U.S. Strikes on Houthis and Chinese Economic Optimism

LONDON, March 17: Crude oil prices edged higher on Monday following U.S. military action against Yemen’s Houthi rebels and renewed optimism about China’s economic recovery, which could bolster global energy demand. Over the weekend, U.S. President Donald Trump authorized airstrikes targeting the Iran-aligned Houthis in response to their continued attacks on Red Sea shipping. A…

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Ruchir Sharma

Ruchir Sharma on India’s Challenging Business Climate: Entrepreneurs Seek Opportunities Abroad Amidst Regulatory Pressures

Ruchir Sharma, Chairman of Rockefeller International, has highlighted the challenging business environment in India, which is driving many entrepreneurs to establish their firms in places like Dubai and Singapore. While he acknowledges that India’s macroeconomic management has been “reasonably good,” he raises concerns about the microeconomic challenges and the overreach of investigative agencies that are…

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Blackstone's

Blackstone’s $80 Trillion Dollar Bet | Iconoclast Summit 2024

The key points from the summit are: Geopolitical Shifts and Investment Strategies Investors are closely monitoring geopolitical tensions and regulatory changes that could significantly impact financial markets. Prominent figures emphasized the importance of adapting investment strategies to navigate these uncertainties. Private Market Investments There is growing interest in private market investments, such as infrastructure and…

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pre-budget

Finance Ministry Concludes Pre-Budget Talks with Key Stakeholder Groups

The Finance Ministry has wrapped up its pre-budget consultations, engaging with ten crucial stakeholder groups, including agriculture, education, health, MSME, energy, and infrastructure sectors. These discussions, involving over 120 invitees, began on June 19 and concluded on July 5, highlighting concerns around jobs and growth for the upcoming budget. The first full budget of the…

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Tax

Government Considers Raising Tax Exemption Limit to Rs 5 Lakh Under New Tax Regime

The government is contemplating raising the income tax exemption limit to Rs 5 lakh under the new tax regime, offering no relief for others. To spur consumer spending and bolster GDP growth, the government is considering lowering personal income tax rates, multiple officials suggest. An official mentioned that the income threshold for tax exemption might…

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Market

Deciphering Market Trends: Nifty and Bank Nifty Amidst India’s Upcoming Elections

In the world of finance, the markets are a dynamic ecosystem that often mirrors the ever-changing political landscape. As India gears up for the 2024 general elections, the stock market becomes a critical barometer of political sentiment and economic stability. Investors, in anticipation of election outcomes and potential policy shifts, exhibit a heightened sense of…

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