Business & Economy

May 25, 2024 10:04 AM

India’s forex reserves jump third week to hit fresh lifetime high

India's foreign exchange reserves rose for the third straight week, by USD 4.549 billion to USD 648.700 billion in the week that ended on May 17, according to data shared by the Reserve Bank of India (RBI). In the process, they touched a fresh lifetime high. Preceding these three weeks, the forex k...

May 24, 2024 5:51 PM

Market fails to hold record high, ends flat amid volatility

In a rangebound trading session on May 24, India's benchmark indices reached fresh record highs, with the Nifty surpassing the 23,000 mark for the first time. Despite the early gains, the indices failed to maintain higher levels and ended the day with minimal change. At the close of trading, the Se...

May 24, 2024 2:57 PM

OPEC+ to hold June 2 output policy meeting online

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online. The meeting was to have been in Vienna on June 1, but will now be held online a d...

September 16, 2024 5:55 PM

Google to manufacture Pixel Phones in Tamil Nadu, says CM MK Stalin

Tamil Nadu Chief Minister M.K. Stalin announced on Friday that Google will soon commence local production of its flagship Pixel smartphones in the state. The manufacturing facility will be set up near Chennai in collaboration with Foxconn, a leading contract electronics manufacturer. Addressing the...

May 24, 2024 10:52 AM

Nifty-Sensex continue to rally, election result uncertainty reducing rapidly

Indian indices Nifty and Sensex opened flat on Friday, near the record closing of the previous day. The Nifty Index opened at 22,930 points, very close to the 23,000 mark. The Sensex also sustained Thursday's rally and opened near 75,335, close to the 75,500 mark. "The net inflow number by FIIs on ...

September 16, 2024 6:44 PM

RBI approves dividend of Rs 2.11 lakh crore to government for FY24

The Reserve Bank of India (RBI) board approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors. Presided over by RBI Governor Shaktikanta Das, the boar...

September 16, 2024 6:43 PM

UAE honours Indian Embassy, Consulate at MoFA Excellence Awards

India's diplomatic missions in the UAE were recognized for their outstanding work at the 5th Minister of Foreign Affairs  Excellence Awards ceremony held under the patronage of Sheikh Abdullah bin Zayed Al Nahyan,  Minister of Foreign Affairs of the United Arab Emirates. In a rare distinction, In...