Business & Economy

July 19, 2024 5:18 PM

Sensex, Nifty end sharply lower

Indian shares fell from record highs to end lower on Friday due to broad-based profit booking ahead of the national budget and a global cyber outage impacting multiple sectors. NSE Nifty 50 dropped 1.09% to 24,530.9, and BSE Sensex fell 0.91% to 80,604.65, after both indexes briefly hit record high...

July 19, 2024 3:57 PM

China reaffirms lofty policy goals, offers no implementation details

Chinese leaders reiterated their wide-ranging economic policy goals on Thursday, from modernizing industry to expanding domestic demand and curbing debt and property sector risks, without detailing implementation steps. The pledges were published in the official news agency Xinhua's account of a ke...

September 16, 2024 5:53 PM

Microsoft server outage affects airlines and businesses globally

A technical glitch in Microsoft's servers on Friday led to widespread disruptions across various global services, impacting aviation operations in India and other countries, and halting banking functions.  The outage also caused the UK’s Sky News to go off-air, while in India, it disrupted ticke...

July 18, 2024 10:26 PM

Stock Market: IT boost lift shares to record closing highs

Driven by robust gains in information technology stocks, shares reached record closing highs on Thursday. LTIMindtree's exceptional results boosted confidence in a sector recovery. The NSE Nifty 50 added 0.76% to end at 24,800.85, while the S&P BSE Sensex settled 0.78% higher at 81,343.46. They...

September 16, 2024 5:54 PM

FICCI forecasts 7% annual GDP growth for India in 2024-25

The Federation of Indian Chambers of Commerce & Industry (FICCI) has forecasted a 7.0% annual median GDP growth for India in the fiscal year 2024-25, according to its latest Economic Outlook Survey. "Despite persisting headwinds, India's economic growth remains resilient, and the nation remains...

July 18, 2024 10:50 AM

Nifty, Sensex decline amid weak global cues

Indian benchmark indices declined in early trade on Thursday, tracking a sharp slide in Asian markets. The Nifty 50 was down 0.26% to 24,543.80 while the BSE Sensex fell 0.23% to 80,514.25, as of 9:26 a.m. However, both indices soon recouped losses. As of 10:05 am, the Sensex had gained 108.23 poi...