Workflow
Banking
icon
Search documents
Q2 GDP: Sizzling, six-quarter high growth lights up India economic scene
The Economic Times· 2025-11-29 01:42
Economic Growth Overview - India's economy experienced a significant growth of 8.2% in the July-September period, marking a six-quarter high, driven by a surge in consumer demand and a reduction in goods and services tax (GST) [12][5][6] - The expansion was primarily led by a 9.2% growth in services and a 9.1% rebound in manufacturing [12][1] Consumer and Investment Trends - Private consumption, which constitutes nearly 60% of GDP, rose to a three-quarter high of 7.9% in the July-September period, up from 7% in the previous quarter [2][12] - Gross fixed capital formation, an investment measure, increased by 7.3%, slightly lower than the 7.8% growth in the prior quarter [2][12] - Agriculture growth was recorded at 3.5% in Q2, a slight decrease from 3.7% in Q1 [2][12] Future Growth Projections - The strong economic performance is expected to lead to upward revisions in growth estimates for FY26, with rating agency Crisil raising its forecast from 6.5% to 7% [7][12] - First-half FY26 growth was reported at 8%, an increase from 6.1% a year earlier, with gross value added (GVA) rising by 7.9% compared to 6.2% in the same period [7][12] Rural Consumption and Inflation - Strong agricultural performance and easing inflation are contributing to improved rural consumption growth, which is anticipated to continue into the first half of FY27 [8][12] - Retail inflation slowed to a record low of 0.25% in October, which, combined with strong growth, has complicated the outlook for potential rate cuts [10][12] Trade and Policy Considerations - The imposition of a 50% tariff by the US on India, including a 25% penalty for importing Russian oil, is a significant factor affecting future growth, with ongoing negotiations for a trade deal [8][12] - The GST Council's approval of a two-slab tax structure is expected to positively impact consumption by lowering taxes on various household goods [8][12]
Triumph Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Globenewswire· 2025-11-28 21:07
DALLAS, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Triumph (the “Company”) (NYSE: TFIN) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NYSE: TFIN-PR), each representing a 1/40th interest in a share of preferred stock. Holders of depositary shares will receive $0.44525 per depositary share. The dividend is payable on Dec. 30, 2025, to holders of re ...
Consumers may not be feeling as ‘rosy’ as the economy appears to be - National
Global News· 2025-11-28 20:49
At first glance, the latest economic indicators appear to be good: GDP was up in September and the third quarter as economic output increased.But average Canadians reduced their overall spending and say they are planning to spend even less during the holidays.So how well is the economy actually doing right now?“This is one of those cases where despite the the top line number looking pretty rosy, it’s actually a pretty difficult situation, and consumers are feeling it,” says Richard Forbes, principal econom ...
The market looks pretty good at least for the next 4-5 months, says Morgan Stanley's Jim Lacamp
Youtube· 2025-11-28 16:46
As we get to set to close out November, the Nasdaq is poised to break a seven-month win streak, while the Dow and the S&P both look to avoid snapping six-month win streaks of their own. What might we expect in the final push into year end. We're joined this morning with his outlook, Morgan Stanley, Wealth Management Senior Vice President, Jim Lamp.Jim, it's great to have you back. Thanks for being with us. >> Of course, good to see you.>> I like I like this analog of a bull, but a rodeo bull that what might ...
X @Bloomberg
Bloomberg· 2025-11-28 16:08
RT Bloomberg en Español (@BBGenEspanol)Una nueva ola digital se cierne sobre los bancos mexicanos, impulsada por fintechs con nuevas licencias bancarias que van tras los valiosos depósitos de nómina de la clase media. @mccobo4 escribe esta semana sobre este tema.Lee más en este link gratuito👇📰https://t.co/lssWGZSJIP ...
香港10月港元存款下跌0.9% 人民币存款下跌0.6%
Xin Hua Cai Jing· 2025-11-28 15:53
新华财经香港11月28日电(记者林迎楠)香港金融管理局28日发表的统计数字显示,认可机构的存款总 额在2025年10月下跌0.4%,其中港元存款及外币存款分别下跌0.9%及0.1%。 统计数字显示,由年初截至10月底计,存款总额及港元存款分别上升9.7%及3.1%。香港人民币存款在 10月下跌0.6%,在10月底为9962亿元人民币。跨境贸易结算的人民币汇款总额在10月为10066 亿元人民 币。 (文章来源:新华财经) 此外,10月港元货币供应量M2及M3环比均下跌0.6%,同比均上升3.5%。10月经季节因素调整的港元货 币供应量M1环比上升1.7%,同比上升12.2%,部分反映投资相关活动。货币供应量总额M2及M3在10月 环比均下跌0.3%,同比则均上升10.6%。 10月贷款与垫款总额下跌0.7%,由年初截至10月底计则上升0.9%。其中在香港使用的贷款(包括贸易 融资)及香港境外使用的贷款在10月分别下跌0.9%及0.2%。由于港元贷款与港元存款跌幅相近,港元 贷存比率于10月底大致维持不变,仍为73.6%。 ...
Scott Bessent says ‘move from a blue state to a red state’ is No. 1 way to beat inflation, leaving critics stunned
Yahoo Finance· 2025-11-28 14:43
Economic Analysis - The claim that moving from blue states to red states can reduce inflation by 0.5% is questioned, with no state-level analysis from the Council of Economic Advisers supporting this assertion [1][2] - Rising living costs have been exacerbated by President Trump's tariffs, which have intensified financial pressures on Americans [4] - An independent study suggests that metro areas with more Republican and independent voters experienced higher inflation in 2022 compared to areas with more Democrats [5] Inflation Insights - Inflation has increased to 3% from 2% in April, particularly affecting staple goods like coffee and bacon [3] - The Federal Reserve Bank of Minneapolis indicates that the purchasing power of $100 in 2025 is equivalent to $12.05 in 1970, highlighting the long-term erosion of dollar value [7] Investment Opportunities - Gold has surged over 50% in price over the past year, with predictions from industry leaders like JPMorgan's CEO suggesting it could reach $10,000 per ounce [9] - Real estate remains a strong asset during inflationary periods, with the S&P Case-Shiller U.S. National Home Price Index rising by 45% over the past five years [12] - Crowdfunding platforms like Arrived allow investors to participate in real estate with minimal investment and without the burdens of property management [14][15] Alternative Assets - Art is emerging as a valuable investment class, with platforms like Masterworks enabling fractional ownership of high-value artworks, making it accessible to a broader range of investors [19][21]
Global Markets Navigate CME Resumption, German Budget, and Strong Canadian GDP
Stock Market News· 2025-11-28 14:08
Key TakeawaysCME Group (CME) markets, including U.S. gold and silver futures, have resumed trading after an hours-long halt caused by a technical glitch at a data center. U.S. gold futures are up 0.3% at $4,215.3/oz.The German Bundestag has approved the 2026 federal finance plan, which includes €98 billion in net new borrowing, pushing the total net debt (including special funds) to nearly €182 billion.Canada's annualized GDP for the third quarter surged to 2.6%, significantly surpassing the 0.5% estimate a ...
Stock market today: Nasdaq, S&P 500, Dow rise toward a 5th straight day of gains to cap a rocky month
Yahoo Finance· 2025-11-28 14:01
US stocks made small gains on Friday as a holiday-shortened week and volatile month drew to a close. The blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6% through mid-morning trading. The tech-heavy Nasdaq Composite (^IXIC) and generalist S&P 500 (^GSPC) rose by roughly 4%. Earlier in the day, the Chicago Mercantile Exchange restored trading operations after a long outage disrupted live trading in futures and options across several markets worldwide ...
Exclusive: Amazon, Flipkart take aim at India's banks with new consumer loan offerings
Reuters· 2025-11-28 10:14
Amazon is preparing to offer loans to small businesses in India, while Walmart-owned Flipkart is looking at buy-now, pay-later (BNPL) products as the e-commerce giants take on the country's banks with... ...