Page 36 - Economy

US, India seek joint production of GE jet engines amid push for closer ties

US National Security Adviser Jake Sullivan said in a briefing that the framework won't be solely driven by the geopolitical challenges posed by Moscow or Beijing

Euro zone economy unexpectedly grows in Q4 but weak 2023 looms

France registers unexpected GDP expansion while Italy shrinks

Rupee slides 43 paise on risk aversion ahead of Budget, Fed statement

Govt bond yields decline ahead of Budget statement as traders feel the fall in prices over the past week had been overdone

Inflation, loans, forex balance: The many crises for Pakistan's economy

Without a bailout package from IMF and support from others, India's neighbour will be pushed deeper into the abyss

Legislation governing multi-state cooperative societies set for big change

The Multi-State Cooperative Societies (MSCS) Act, under which the three new co-ops are being formed was last amended in 2002

Assembly polls 2023: Economic snapshots of 3 poll-bound northeastern states

Let us analyse the economic issues and present a brief political scene of the poll-bound states of Tripura, Nagaland, and Meghalaya

Diverse views on trade & investment at Davos

Beneath the high sounding words during the discussions, willingness to co-operate on trade and investment issues was missing

Pakistan govt goes for a steep hike in petrol and diesel prices

After the rise, the price of petrol was set at Rs 249.80 per litre

Want pay raise? Work 5 days a week in office, Brit firms tell staff

Wages are rising at near-record rates because workers are in short supply even though the economy is headed into recession

Cash-strapped Pakistan's prosperity, economy 'Allah ke zimme': FM

Facing an acute balance of payments crisis, Pakistan is desperate to secure much-needed external financing

Pak PM apologises to nation for inconvenience caused by power outage

Pakistan Prime Minister Shehbaz Sharif on Tuesday apologised to the nation for the inconvenience caused by the countrywide power outage that plunged millions of people into darkness and vowed to fix responsibility for the second major breakdown in nearly four months. Pakistan faced a major power breakdown on Monday due to a voltage fluctuation in the national grid, disrupting normal life and leaving major parts of the country, including capital Islamabad and financial hub Karachi, without electricity. Taking to Twitter, the premier wrote: "On behalf of my government, I would like to express my sincere regrets for the inconvenience our citizens suffered due to power outage yesterday." "On my orders an inquiry is underway to determine reasons of the power failure. Responsibility will be fixed," he tweeted. Power supply was mostly restored in Pakistan, though some parts of the country still experienced blackouts on Tuesday. Minister for Energy Khurram Dastgir said on Tuesday that ...

Centre's three new national cooperatives signal sector's growing clout

But, critics say the approach in forming should have been bottoms-up instead of top-down

Pakistan's State Bank raises key rate by 100 basis points as crisis mounts

State Bank of Pakistan raised the target rate to 17%, a move expected by 25 of 43 economists in a Bloomberg survey. The majority of the economists had forecast a hike ranging from 75-200 basis points

The gas paradox: Govt encouraging huge investment to push demand

But imposing policies that deter domestic exploration and production

Green buildings and infra will ensure environmental sustainability

Green infrastructure brings nature into work for human benefits ranging from economic, social, environmental and health benefits

As acute inequality grows, squeeze on Indian spenders is yet to lift

While India's rapid economic growth since the 1990s has undoubtedly expanded the spending capacity of its 1.4 billion people, acute and rising inequality makes for a budget-conscious median consumer

Global demand concerns likely to weigh on energy markets, says RIL

RIL's oil-to-chemicals (O2C) business, was mixed in terms of performance, reporting 10 per cent Y-o-Y growth in revenue in Q3, though there was a decline of 9.4 per cent sequentially

First B20 meet to focus on climate action, resilient global value chains

B20 was established 13 years ago and is among the key engagement groups of G20, representing the priorities of businesses globally

Global property market sitting on a $175 bn debt time bomb as slump spreads

As the toll from higher interest rates and the end of easy money mounts, many real estate markets are almost frozen with some lenders telling borrowers to sell assets or risk foreclosure

Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens

We are very much looking at what we can do to acquire much more actively. Valuations are in a range that make more sense," Parekh told Bloomberg News in an interview at the WEF in Davos