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While Nithin Kamath, chief executive officer and co-founder of Zerodha, hailed India’s ascent to the fourth-largest economy in the world amid multiple challenges, he also called for looking just beyond the GDP numbers. The 45-year old enterprenuer offered a sobering reality check as he believes that GDP rankings don’t tell the full story. “It’s amazing…
JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorgan’s Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a “sweet spot.” Stagflation is an…
Mumbai: The National Stock Exchange (NSE) on Friday launched the Nifty Waves Index, which comprises 43 listed companies from sectors such as media, entertainment, gaming, film, television, digital platforms, and music. “This index will give investors an idea as to what’s happening to India’s creative economy,” NSE MD & CEO Ashishkumar Chauhan told Mint on the…
The yield on the benchmark Treasury 10-year note rose almost one-half percentage point this past week to 4.49% in often chaotic trading that former Treasury Secretary Larry Summers likened to an occurrence in an emerging market country. The 30-year Treasury came close to 5% on Friday before pulling back to a 4.9% yield. The sharp…