The smartphone market in India bounced back strongly in 2021. According to a report by research firm Canalys, Indian smartphone market registered 12 percent growth in 2021 compared to 2020. The reports states that smartphone manufacturers shipped 162 million devices in 2021 despite the chaos brought on of the pandemic. “Following a strong comeback in
The Financial Services Authority (OJK) warned that Indonesia bans financial firms from trading cryptocurrency. The regulators also warned that people must understand the volatility and risks of cryptocurrency before investing in it. Cryptocurrency in Indonesia In a statement posted on Instagram, the regulators said, “OJK has strictly prohibited financial service institutions from using, marketing, and/or
Russia’s Central banks make a move against Cryptocurrency. Russia decides to impose a ban on cryptocurrency trading and mining. Pavel Durov, the founder of the telegram, says that “Russia’s Crypto ban might drive out IT professionals and no developed countries ban cryptocurrencies.” The third-largest Crypto mining nation outlaws Crypto trading and mining. Russia’s move against
There is visible evidence that the recovery of Indian economy is becoming wider in the third quarter of 2022 as per recent report by rating agency Investment Information and Credit Rating Agency of India (ICRA). ICRA states that it expects the GDP to increase 6-6.5 percent in the third quarter of 2022 (Q3 of FY22) but
As the Bitcoin market cap drops 11% in 24 hours, the world’s most significant 100 cryptocurrency tokens are trading in the red. Overall the entire cryptocurrency market cap fell below 12% in the last 24 hours, according to coinmarketcap.com. Cryptocurrency drops in the last 24 hours Ether, the second-biggest cryptocurrency, went down 15%, dropping to
The impact of Omicron has caused oil prices to reach $100 a barrel. By the end of 2022, crude oil prices are likely to soar 35%. Production shortfall despite increasing demand along with geopolitical tensions is an unusual combination. As reported on Al Jazeera yesterday, Texas Intermediate crude slipped down to 0.70% at $84.95. And
The global job market is unlikely to recover before 2023. The global employment rate will take time to recover to pre-pandemic levels. The International Labour Organisation (ILO) warned that economies across the globe would suffer an equivalent of fifty-two million fewer jobs. Why will the global job market take longer to recover? Compared to 186
B/w 1st Apr. 2020 to 12th Jan. 2022, S&P BSE Consumer Durables Index records 138% growth, Consumer Discretionary Goods & Services Index 140% & Auto Index 149% S&P BSE Sensex once again surpassed 61,000 mark on 12th Jan 2022 – is 2.2X of 1st Apr 2020, registering a 116% growth As per ANAROCK Research’s select
On Tuesday, the market stood weak as 2,273 stocks declined on the BSE. The BSE Sensex stooped to 0.90 percent to end at 60,754.86. Whereas NSE Nifty slumped by 195.05 points to 18,113.05 and Nifty midcap and smallcap 100 index fell 2.06% and 2.45%, respectively. Market stands weak while Prestige Estates surges to a lifetime
India’s Increasing Unemployment Crisis due to Covid-19
India’s unemployment crisis has increased due to Covid-19. According to the Centre for Monitoring Indian Economy and International Labour Organisation, the unemployment crisis has existed for six years. Furthermore, India’s youth is frustrated with the job crisis and opting to migrate to Canada. Last month India’s unemployment rate slumped to 7.9% from a 23.5% peak