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The former Treasury chief noted again that history shows when inflation exceeds 4% and unemployment drops below 4% a recession occurs within two years. “My best guess would be that’s what we’ll see this time round,” he said.“I don’t think we have the tools to bring this down smoothly,” after excess demand was created with fiscal stimulus in 2021, Summers said.

Over the last few years, governments and organizations worldwide have focused on using various technological tools to mitigate climate change and biodiversity loss challenges. One of the tools that could be highly effective in tackling the climate crisis is blockchain.

More upside could depend on whether investors believe policymakers are making progress against surging prices. Signs that inflation remains strong may bolster the case for even more aggressive monetary tightening, potentially spooking a market already battered by worries that a hawkish Fed could deal a serious blow to U.S. growth.

While the jobs report was reassuring for the current state of the economy, investors focused primarily on its potential influence on central bank policy.

“Whenever such steep volatility hits the market, the best way is to detach from the market for some time instead of following the trend,” .says Piyush Nagda, Director - Private Wealth & Product Strategy at Monarch Networth Capital Limited

During the reporting week, the rise in forex reserves was due to an increase in the Foreign Currency Assets (FCA) and the gold reserves, according to the Weekly Statistical Supplement released by the Reserve Bank of India (RBI) on Friday. FCA increased by USD 3.61 billion to USD 536.988 billion in the week ended May 27.

Banks led by IDBI Bank will soon sell 71% equity stake of thermal power company Lanco Anpara Power to Hyderabad-based Megha Engineering and Infrastructures for ₹855 crore, said two people aware of the development. Although Lanco Anpara Power, a special purpose vehicle (SPV) of bankrupt Lanco Infratech, is a performing asset, lenders decided to monetise 71% equity stake that defaulter Lanco Infratech had pledged as security against ₹12,000-crore loans.

On the basis of these alerts, Sebi conducted a probe and issued an ex-parte order on September 15, 2021 wherein 8 entities, including Bhutada, were restrained from accessing capital markets. The regulator concluded the probe and issued an order on March 28, 2022 confirming the directions issued in September.

The office tower, which is part of Mindspace business park’s first phase, is currently under development and is expected to be completed in the next 3-4 months when the bank will start its fit-out work.

The government has pegged the disinvestment target for the ongoing fiscal year (FY23) at ₹65,000 crore. So far, it has raised about ₹23,575 crore through disinvestment in FY23. Of this, ₹20,560 crore was from the LIC IPO, and ₹3,000 crore came from the sale of a 1.5% stake in state-run explorer Oil and Natural Gas Corporation.