Business & Economy

July 9, 2024 5:42 PM

Sensex, Nifty close at record highs

Indian benchmark indices closed at fresh all-time highs on Tuesday. The Sensex rose 391.26 points, or 0.49 percent, to 80,351.64, while the Nifty climbed 112.70 points, or 0.46 percent, to end at 24,433.20. Among the sectoral indices, shares of the banking sector, auto, financial services, FMCG, m...

July 9, 2024 11:06 AM

Sensex, Nifty open higher; Maruti Suzuki shares surge

Indian benchmark indices gained in early trade on Tuesday, led by shares of Maruti Suzuki, which surged by more than 4 percent. The NSE Nifty 50 gained 0.14 percent to 24,354, while the BSE Sensex added 0.21 percent to 80,126 as of 10:30 AM. In the broader market, all indices, including Nifty 100,...

September 16, 2024 6:03 PM

India doubts credibility of Citigroup report on state of employment

The Indian government has strongly refuted a recent Citigroup report on the state of employment in India, calling into question its credibility and methodology. In a statement released Monday, the Ministry of Labour and Employment criticized the report for failing to consider all official data sourc...

September 16, 2024 6:03 PM

SBI research suggests centre to target 4.9% fiscal deficit in 2024

As the Modi government prepares to present its first full budget of its third term on July 23, SBI Research has recommended a focus on fiscal prudence and continued consolidation. The research arm of India's largest public sector bank suggests the government should aim for a fiscal deficit target o...

July 8, 2024 10:48 AM

Sensex, Nifty open lower as banking stocks drag

Indian benchmark indices declined during the opening trade on Monday, with the NSE Nifty 50 index falling 30 points to 24,300 and the BSE Sensex dropping 150 points to 79,841. Among the sectoral indices, Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank, and Nifty Consumer Du...

July 7, 2024 8:29 PM

Pre-Budget consultation meetings for union budget 2024-25 conclude

The Finance Ministry concluded the Pre-Budget consultations for the Union Budget 2024-25, which began on June 19, 2024. These meetings were chaired by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman. A press release by the Ministry of Finance on Sunday stated that over 120 i...