Business & Economy

June 15, 2024 10:45 AM

India’s foreign exchange reserves touch fresh highs at USD 655.8 billion

India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed. The reserves have been rising on and off for a long time now. So far in 2024, they have risen ...

June 14, 2024 10:21 PM

Stock market closes in green amid broad-based gains

The stock market closed on a positive note on Friday, with the BSE Sensex and NSE Nifty both registering gains. The Sensex climbed 138.59 points to end the day at 76,949.49, while the Nifty rose by 55.00 points, closing at 23,453.90. The trading session saw mixed performances among the Nifty firms...

June 14, 2024 2:46 PM

WPI Food Index increased from 5.52 pc in April to 7.40 pc in May

Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May. In the food basket, cereals, paddy, pulses, vegetables, potato, onion, fruits, all spiked. The overall wholesale ...

June 14, 2024 1:31 PM

Indian, French governments negotiating 26 Rafale marine jet deal

India and France are carrying out negotiations for the price and other related issues for the all-important 26 Rafale Marine fighter aircraft deal for the Indian Navy. The talks were earlier supposed to be held on May 30 but were postponed to June second week, apparently in view of the pending elec...

June 14, 2024 9:35 AM

Asian stocks slide, yen wobbles ahead of BOJ verdict

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the ...

June 13, 2024 9:36 PM

Nifty, Sensex touch new peaks in closing session

Domestic stock markets surged to record highs on Thursday, driven by favorable inflation data. The BSE Sensex and NSE Nifty soared to new peaks, reaching 77,145 and 23,481, respectively. Notably, the Nifty 50 closed 0.33 percent higher at 23,398.95, while the Sensex ended 0.27 percent up at 76,810.9...

June 13, 2024 5:13 PM

China urges EU to reverse ‘wrong practices’ on EV tariffs

Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour and said it hoped the European bloc would correct its "wrong practices" and handle trade frictions through dialogue. The reaction from China and others embroiled in the dispute, including European and Chi...