Business & Economy

July 5, 2024 5:35 PM

Stock market ends week flat after record highs

Indian benchmark indices ended flat on Friday after a record-breaking rally earlier in the week. The BSE Sensex closed 53.07 points lower at 79,996.60, falling just short of the 80,000 mark, while the NSE Nifty edged up 21.70 points to close at 24,323.85. This mixed closing reflected a day of caut...

July 5, 2024 5:32 PM

Pakistan petroleum dealers strike over new taxes

The bustling metropolis of Karachi is grappling with a severe fuel shortage as the Pakistan Petroleum Dealers Association (PPDA) continues its nationwide strike. The crisis began early Friday morning when petrol stations across Karachi and other parts of Pakistan shuttered their operations at 6 AM,...

July 5, 2024 4:54 PM

World food prices hold firm in June, UN’s FAO reports

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The U.N. Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, ...

July 5, 2024 2:36 PM

India’s UPI goes live at Galeries Lafayette in Paris, eyes Olympics boost

India’s Unified Payments Interface (UPI) has expanded its footprint to the heart of Paris, with the flagship store of Galeries Lafayette on Haussmann Boulevard now accepting UPI payments. Reflecting on the success of UPI’s earlier launch at the Eiffel Tower in January this year, Ambassador of I...

July 5, 2024 12:09 PM

Danish Ambassador H.E. Freddy Svane launches Oak Nature by Junckers in Delhi

Freddy Svane, the Ambassador at the Royal Danish Embassy in New Delhi launched “Oak Nature” by Junckers, Europe’s leading manufacturer of premium solid wood flooring for sports, residential, and commercial uses. The occasion also marked Junckers completing 25 business years in India that witne...

July 5, 2024 10:17 AM

Sensex, Nifty open lower; HDFC Bank top loser

Indian benchmark indices opened on a weak note on Friday after reaching record highs the previous day. The Nifty 50 fell 0.45% to 24,193.05 points, while the Sensex declined 0.58% to 79,591.47 points as of 9:23 a.m. HDFC Bank lost 3%, dragging financials, private banks, and bank indexes down 0.7%-...

July 5, 2024 9:35 AM

Bitcoin slides to four-month lows, ether sinks 8%

Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden will remain the Democrats' U.S. presidential candidate and by worries about potential increases in crypto supply. Bitcoin prices fell 5% to $55,366, th...

July 4, 2024 11:05 PM

UK election brings few hopes or fears to cautious City of London

The UK financial sector is warming to Labour's pro-business overtures and pledges to provide stability and support, but many in the City remain wary it could be targeted to prop up Britain's stretched public finances further down the line. Under leader Keir Starmer, the Labour Party - expected to w...

July 4, 2024 10:38 PM

Amit Shah to launch nano-fertilizer subsidy scheme for farmers in Gujarat

Union Home Minister and Minister of Cooperation Amit Shah is set to launch a significant agricultural initiative in Gujarat on July 6. The scheme will provide 50 percent assistance to farmers for the purchase of nano-fertilizers under the government's AGR-2 Scheme for the financial year 2024-25. Sh...