LIVE MARKET TRACKER :   BSE SENSEX   31420.81      |    NSE NIFTY 9813.60    
GLOBAL MARKETS :  NASDAQ 6216.5269   -0.0866%    |    FSI London 7323.98   -0.86%    |    NIKKEI Japan 19413.98   -0.29%
  USD GBP EUR CAD AUD INR
USD - 0.7770 0.8517 1.2598 1.2625 64.1000
GBP 1.2870 - 1.0958 1.6213 1.6246 82.4446
EUR 1.1744 0.9126 - 1.4795 1.4825 75.2314
CAD 0.7943 0.6173 0.6762 - 1.0026 50.8690
AUD 0.7922 0.6157 0.6747 0.9980 - 50.7500
INR 0.0156 0.0121 0.0133 0.0197 0.0198 -
Indian-Commodity  :  Economy  :  India, China emerges as sweet spot at WEF meet to accelerate global growth

India, China emerges as sweet spot at WEF meet to accelerate global growth (20-Jan-2017)

Emerging as a sweet spot at the World Economic Forum (WEF) Annual meet in Davos, India along with neighbouring country China are set to accelerate world economic growth. India was also commended as a major driving force along with China for world growth with leaders and economists stressing the need for increased regional cooperation.

As questions raised about the future of globalisation at the WEF meet, leaders shifted their narration of Asia to boost the global growth amid darkening prospects for trade worldwide. Interestingly, Indian leaders listed out demonetisation as a measure owed to people in the fight against black money. Against the backdrop of rising uncertainties, business leaders and economists felt that India and China have a great role to play in taking forward the Asian growth story by engaging in regional cooperation and eventually boost the global trade.

Veteran banker and New Development Bank President K V Kamath has said that 'new normal' is emerging where many countries would prioritise an 'inward look' at their national policies even as India remains in a comfortable position. He also said that at present India and China contribute a big chunk to the global growth and added that India is in a 'sweet spot' as the country absorbs investments in infrastructure, manufacturing and areas driving the consumer sector. Reflecting the hopefulness over the two leading economies, Malaysia's Minister for International Trade and Industry Mustapa Mohamed has said that India and China are very important in taking forward the Asian growth story.

Meanwhile, a delegation of more than 100 individuals, including ministers, government officials and business leaders, are in attendance at the WEF annual meet which has gathered under the theme of Responsive and Responsible Leadership. During a panel discussion on the theme of India's turn to transform, discussions touched upon the fight against corruption and black money, including demonetisation. WEF, government think-tank NITI Aayog, the World Intellectual Property Organisation and the Cornell University have joined hands to develop an India Innovation Index to measure the performance of Indian states.


Top News Today
Kotak India Growth Fund sells 23.68 lakh shares of Minda Corporation
(21-Aug-2017)

Kotak India Growth Fund sells 23.68 lakh shares of Minda CorporationKotak India Growth Fund II has sold 23.68 lakh shares of Minda Corporation at Rs 112 per share on the BSE on August 18, 2017. However, Steinberg India Emerging Opportunities Fund has bought 24.90 lakh......click on news to read complete article.

Aurobindo Pharma planning to broaden portfolio in US
(21-Aug-2017)

Aurobindo Pharma planning to broaden portfolio in USAurobindo Pharma is planning to broaden portfolio in the US through accelerated growth in injectable, OTC and higher complexity products. The company is also planning to expand presence into new geographies......click on news to read complete article.

WHV-EAM International buys 23.15 lakh shares of Meghmani Organics
(21-Aug-2017)

WHV-EAM International buys 23.15 lakh shares of Meghmani OrganicsWHV-EAM International Small Cap Equity Fund has bought 23.15 lakh shares of Meghmani Organics. The company has purchased these shares at Rs 70.70 per share on the NSE on August 18, 2017.Meghmani Organics......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.