Business & Economy

June 27, 2024 9:57 AM

Sensex, Nifty settle at new all-time highs; banking, media stocks shine

Indian benchmark indices reached fresh record highs on Wednesday, driven by gains in banking and media stocks. The BSE Sensex gained 620.73 points, or 0.8 percent, to close at 78,674.25, while the Nifty added 147.50 points, or 0.62 percent, to end at 23,868.80. Leading the gains on the Nifty 50 we...

June 26, 2024 4:35 PM

Kenyan protesters promise more rallies after deadly parliament violence

Kenyan protesters vowed on Wednesday to keep up their demonstrations against new tax hikes, a day after police opened fire on crowds trying to storm parliament, leaving at least eight people dead and scores wounded. As heavily armed officers patrolled the streets of the capital Nairobi, supporters ...

June 26, 2024 4:24 PM

Investors join forces to push for policy action on nature loss

A group of more than 200 investors on Wednesday backed a plan to start talks with 60 companies over biodiversity, focusing on those active in countries with ecosystems at risk of forest loss and land degradation. The Spring initiative comes ahead of global talks in Colombia in October that aim to a...

June 25, 2024 10:14 PM

Russia bans distribution of dozens of EU news outlets in retaliatory step

Russia's Foreign Ministry said on Tuesday it was banning access inside Russia to the broadcasts of dozens of European Union media outlets in what it said was retaliation for a similar EU ban on several Russian media outlets. The European Union said in May it was suspending the distribution of what ...

June 25, 2024 5:29 PM

Sensex, Nifty close at record highs, led by banking sector rally

Indian benchmark indices closed at record highs on Tuesday, buoyed by a surge in financial and banking stocks. The Sensex closed at 78,053.52, up 712.44 points or 0.92 percent, while the Nifty closed at 23,721.30, up 183.45 points or 0.78 percent, both touching new lifetime highs. The Bank Nifty s...

June 25, 2024 4:31 PM

Sri Lanka to sign debt restructuring agreements with India and Japan

Sri Lanka is set to sign agreements to restructure its bilateral debt with India and Japan on Wednesday. This news was confirmed by Foreign Minister M.U.M. Ali Sabry, who mentioned that President Ranil Wickremesinghe had updated the Cabinet about the progress on Monday. Last week, Cabinet spokesman...

June 25, 2024 3:11 PM

Global Markets – European stocks fall as Nvidia slump hits tech sector

European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down U.S. tech companies on Monday, in a sign of nervousness about the artificial intelligence boom. Stock markets remained close to record highs, however, as investors shifted into less flashy names. Bond yields cooled and...

June 25, 2024 12:02 PM

5G spectrum auction begins, government aims to raise more than Rs 96,000 crore

The auction for 5G spectrum to telecom service providers commenced on Tuesday. The Indian government is selling airwaves worth more than Rs 96,000 crore. The Department of Telecommunications (DoT) is auctioning frequencies in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 M...

June 25, 2024 11:44 AM

Indian stock market opens higher; Bank Nifty at all-time high

Indian benchmark indices opened higher on Tuesday, with the Sensex starting at 77,507.32, up 166.24 points, and the Nifty rising by 41.55 points to reach 23,579.40. Among the Nifty companies, 44 stocks gained while 5 declined in early trade. The Bank Nifty index surged over 200 points to hit a new ...

June 25, 2024 8:48 AM

Canada also considering imposing tariffs on Chinese-made EVs after US and EU

Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said that the country is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public's opinion about the idea, Al Jazeerea reported. Freeland said on Monday, that the domestic car secto...