Business & Economy

September 16, 2024 5:44 PM

India’s GDP exceeds estimates, grows at 8.2% in FY24 and 7.8% in Q4

India's gross domestic product (GDP) outperformed expectations, achieving a 7.8% growth rate in the January-March quarter. For the full fiscal year 2023-24, GDP growth was revised upwards to 8.2% from the earlier estimate of 7.6 percent, as reported by the Ministry of Statistics and Programme Implem...

May 31, 2024 3:15 PM

Global stocks and dollar idle ahead of Fed’s favourite inflation figure

Global shares were little changed on Friday in subdued trading as investors hunkered down for key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June. The dollar was steady against peer currencies ahead of the U.S. inflation data. Oil was s...

September 16, 2024 5:44 PM

India brings nearly 100 tonnes of gold back to domestic vaults

India has made a notable shift from the economic policies of 1991, when it exported gold and pledged it overseas to mitigate a looming financial crisis. The country has now shipped in a little over 100 tonnes of its gold reserves held in the UK. Sanjeev Sanyal, an economist and a member of the Econ...

May 31, 2024 11:25 AM

Sensex, Nifty open higher; investors turn cautious ahead of poll results

Indian stock indices opened higher on Friday, June 1, following five consecutive trading sessions of losses. The gains were primarily driven by fresh buying from investors after the recent dip. Analysts believe that investors are likely to adopt a cautious approach ahead of the Lok Sabha election r...

May 30, 2024 7:49 PM

How China’s EV makers aim to beat Tesla, legacy automakers in Europe

Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition. Now they'll have to defend their home turf in Europe from an onslaught of formidable Chinese electric vehicles. Chinese EV titans, Chery and Great Wall Motor (GWM) are p...

May 30, 2024 5:31 PM

Nifty falls below 22,500 on F&O expiry, Sensex drops 617 points

Indian benchmark indices continued their losing streak for the fifth consecutive session on Thursday. The Nifty closed below 22,500 on the May F&O (Futures & Options) expiry day, indicating the bearish sentiment prevailing on Dalal Street. The Sensex dropped by 617.30 points, or 0.83%, to c...

September 16, 2024 5:45 PM

Saudi Arabia may announce landmark Aramco share offering

Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval, people with knowledge of the matter said. Final approval would come from Crown Prince Mohammed bin Salman. The share offering is expected to be launched on Sunday, the source...

May 30, 2024 3:31 PM

Global stocks and bonds steady after rate sell-off

European stocks steadied on Thursday as bonds regained some ground after a sell-off the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings. The dollar softened slightly as U.S. Treasury yields slippedback while commodity prices came under p...