India is positioning its chemical and petrochemical industry to become a global leader. The sector aims to increase its output to USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation. Various states are key contributors, with policies and projects enhancing production and exports. The industry’s expansion is crucial for India’s economic goals.
Posts in category Economic Times
Primary markets can become as efficient as secondary markets (02-11-2024)
SEBI’s technology-driven efforts have accelerated IPO timelines significantly, reducing them from months to days. Reevaluating the mandatory 50% allocation to retail and HNI investors could further streamline IPO processes and improve market efficiency, suggesting alternatives like increased institutional involvement or mutual fund schemes for retail investors.
How inflation and interest rates are shaping investment strategies in US (02-11-2024)
The Federal Reserve’s recent decision to lower interest rates significantly impacts Indian investors with US market exposure. Lower rates can present opportunities in US stocks, especially in dividend-paying equities. It is essential for investors to stay vigilant, bearing in mind currency fluctuations and inflation concerns while maintaining exposure to both US and Indian markets.
FII sell-off and market correction: Temporary dip or new trend? (02-11-2024)
Nifty index fell by over 2,000 points from its peak within a month, impacted mainly by foreign portfolio investors’ net outflows. Meanwhile, domestic investors kept investing in the market. Historically, markets often regain a significant portion of these outflows quickly, suggesting potential recovery ahead.
Wall Street Week Ahead: US election, Fed meeting loom in big week for markets (02-11-2024)
Next week, the U.S. presidential election and the Federal Reserve’s monetary policy meeting bring potential market volatility. Polls show a tight race between Donald Trump and Kamala Harris, while the Fed may cut rates by 25 basis points amid strong economic data and mixed corporate earnings.
5 world market themes for the week ahead (02-11-2024)
U.S. voters head to the polls in a tight presidential race between Republican Donald Trump and Democrat Kamala Harris, with major implications for financial markets, global trade, and monetary policies. Central banks, including the Fed, Bank of England, and central banks in China and Brazil, prepare for potential impacts and policy adjustments.
Nvidia to take Intel’s spot on Dow Jones Industrial Average (02-11-2024)
Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.
Wall Street closes higher as Amazon’s gains offset weak job growth (02-11-2024)
Other so-called Magnificent Seven members Meta Platforms and Microsoft also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq down on Thursday.
Auspicious start to Samvat 2081: Experts expect moderate returns of 5-10% in new year (02-11-2024)
Nifty gained 24.47% in Samvat 2080—the second-best in a decade—yet most experts anticipate moderate returns of 5-10% in the new year.
Bitcoin rally masks bleaker picture emerging in cryptocurrency world (02-11-2024)
On Wednesday, crypto exchange Kraken announced job cuts a person familiar with the matter said amounts to 15% of workers, while rival Coinbase Inc. reported earnings that missed estimates. Software developer Consensys is among other digital-asset firms that recently started trimming jobs.