Business & Economy

June 28, 2024 5:13 PM

Sensex, Nifty end lower as financials weigh

Indian benchmark indices retreated on Friday after reaching historic highs the previous day. The BSE Sensex dropped by 210 points, or 0.27 percent, settling at 79,032.73, while the Nifty 50 ended 35 points, or 0.15 percent, lower at 24,010. The Bank Nifty declined by 469 points, or 0.89 percent, cl...

June 28, 2024 1:50 PM

Pakistan passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan's parliament on Friday passed the government's tax- heavy finance bill for the coming fiscal year ahead of more talks on a new IMF bailout as it seeks to avert a debt default for an economy growing at the slowest pace in South Asia. The government presented the tax-loaded budget two weeks ...

June 28, 2024 1:18 PM

Asia shares set for five-month winning streak; yen slides

Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling U.S. inflation could prompt the Federal Reserve to ease rates this year, while the yen tumbled to a 38-year low against the dollar. Friday is packed with risk events for markets after ...

June 28, 2024 11:52 AM

Bangladesh receives $1.15bn from IMF as part of $4.7bn loan package

Bangladesh received $1.15 billion from the International Monetary Fund (IMF) on Thursday, marking the third tranche of a $4.7 billion loan package. Besides the IMF funds, Bangladesh also received around $900 million from other sources including the International Bank for Reconstruction and Developme...

June 28, 2024 11:32 AM

Airtel hikes tariffs between 11-21 percent on different voice and data plans

Airtel has announced a price hike across all its pre-paid and post-paid. The change in tariff plans will go into effect from July 3rd across all circles and throughout India. The most affordable plan of Airtel will now cost Rs 199 for a validity of 28 days, with 2GB data, unlimited calling and 100 S...

June 27, 2024 1:39 PM

Sensex, Nifty soar to new record highs

The BSE Sensex surged past the 79,000 mark and the NSE Nifty crossed 24,000 for the first time on Thursday, setting new records in intraday trading. The Sensex soared 470.71 points to reach 79,159.89, while the Nifty rose 164.10 points to 24,032.90. The day began with a mild setback as the stock m...

June 27, 2024 10:27 AM

Asia stocks down, yen slump keeps markets on intervention alert

Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it. The dollar made six-week highs on sterling and the kiwi and at 160.7 yen traded just shy of Thursday's 38-y...

September 16, 2024 6:13 PM

Paraguay becomes 100th member of International Solar Alliance

Paraguay has become the 100th country to join the International Solar Alliance (ISA) as a full member. The South American nation officially handed over its Instrument of Ratification to the ISA in New Delhi on Wednesday. The ceremony took place during a meeting between Paraguay's Ambassador to Indi...

September 16, 2024 6:13 PM

Heavy rains in Nepal kill 20 in two days amid landslides, lightning strikes

Heavy rainfall triggered landslides and flash floods in Nepal, killing at least 11 people, with another nine killed by lightning strikes over the past two days, officials said on Wednesday. Landslides swept away three houses overnight in Lamjung district, about 125 km (80 miles) west of Kathmandu, ...