Business & Economy

September 16, 2024 4:15 PM

Indian shares rebound after volatile session

Indian benchmark indices rebounded after opening with a decline on Monday. The Sensex climbed 0.20 per cent to close at 72,809.67, while the NSE Nifty50 finished 0.29 per cent higher at 22,120.05 after dipping to a low of 21,821. Among the top gainers in the Nifty 50 were Cipla, Asian Paints, Divi'...

May 13, 2024 5:30 PM

Microsoft to invest 4 billion euros in France

Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the annual 'Choose France' business summit, its president Brad Smith announced on Monday (May 13). "We're going to spend 4-billion euros to build a world-leading AI and data centre and cloud infr...

May 13, 2024 4:17 PM

South Korea’s top diplomat warns of rising economic competition with China

Economic relations between South Korea and China face risks and challenges due to increasingly fierce competition over technology, South Korea's Foreign Minister Cho Tae-yul said on Monday ahead of talks with his Chinese counterpart. Cho arrived in Beijing earlier in the day, marking his first tr...

May 13, 2024 4:08 PM

Stocks grind towards record highs in inflation-heavy week

Global stocks neared record highs on Monday, in a week where inflation figures could make or break expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. While U.S. inflation data will take centre-stage, repor...

May 13, 2024 5:29 PM

Stocks grind towards record highs in inflation-heavy week

Global stocks neared record highs on Monday, in a week where inflation figures could make or break expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. While U.S. inflation data will take centre-stage, repor...

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks of decline. Prior to the reporting period, the co...

May 10, 2024 7:15 PM

India’s industrial production surges by 4.9% in March

India's industrial sector witnessed a significant growth in March 2024, with the Index of Industrial Production (IIP) rising by 4.9% compared to the same period last year. This growth reflects a positive trend in the country's manufacturing, mining, and electricity sectors. According to the latest ...