Page 64 - Economy

Equitas SFB reports flat growth in net profit at Rs 108 cr in Dec quarter

The South-based SFB had posted a net profit of Rs 111 crore in the year-ago quarter

Indian start-ups feel the heat of global technology-driven sell-off

Shares of the handful of start-ups listed on the domestic bourses have come off sharply from their record highs

Party-hard Dubai ponders new workweek debate: When's brunch?

Most of the nation's expatriate-dominated private sector, however, works the full day

China's 'little giants' are its latest weapon in the US tech war

That's the designation for a new generation of start-ups that have been selected under an ambitious government program aimed at fostering a technology industry that can compete with Silicon Valley

Pakistan holds steady on interest rates but trims FY22 GDP forecast

Pakistan's finance minister has said the tax changes would raise $1.9 billion

Largest-ever power cuts hit Turkey's industrial production: Report

The government has imposed three days of power outages a week in the country's hundreds of organised industrial zones

The growth vs value debate

With oil prices and inflation rising once again, markets are back to early 2021

Recovery tracker: Economic activity slows further, power demand stays weak

Domestic air traffic, retail and recreation visits down

On K-pop popularity, South Korea's exports of red pepper paste surge 63%

South Korean exports of red pepper paste soared nearly 63 per cent in the past four years thanks to the global popularity of Korean pop (K-pop) culture, data said

Japan's inflation hovers around 2-year high, BOJ flags price pressure

Japan's core consumer prices rose 0.5% in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years

Pakistan registers 5.3% economic growth in 2020-21, says minister

This is the second time the GDP rate for 2020-21 has been revised

Canada's annual inflation rate rises to 4.8%, highest in 30 years

Canada's annual rate of inflation rose to 4.8 per cent in December 2021, the highest since 1991 due to higher prices for food, passenger vehicles and housing, according to Statistics Canada.

UK inflation hits near 30-year high, pressuring BoE and households

The annual rate of consumer price inflation increased to 5.4% from November's 5.1%, the highest since March 1992

Rajapaksa looks to bring in laws, fast-track plans to attract forex

"If we fail to control our spending, there will be a foreign exchange problem in the near future," Rajapaksa said

China's Q4 GDP growth likely to hit 18-month low on weak demand, curbs

On a quarterly basis, growth is forecast to rise to 1.1% in the fourth quarter from 0.2% in July-September

Hydrogen economy hints at new global power dynamics: IRENA analysis

Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, a new analysis by IRENA said

India Inc says 'Aatmanirbhar Bharat' schemes help revive economy: Deloitte

However, only 18% respondents in Deloitte survey are MSMEs; most Aatmanirbhar Bharat measures target smaller businesses and tourism and other sectors worst hit by the pandemic

Supply side constraints dent India's auto sector December sales

The sectors' current off-take of passenger vehicles, two-and-three wheelers were far behind the 2019 sales levels

India may see more de-rating if growth expectations reduce: Saion Mukherjee

Rising interest rates will have a negative impact on equity markets, as this is being driven by inflationary pressures, higher deficit and not so much from growth, says Mukherjee

Japan govt to advance timeframe for balancing budget to FY2026: Report

Japan's government will estimate that its primary budget would be balanced in fiscal 2026, one year earlier than its previous projection made about six months ago