Business & Economy

May 10, 2024 1:47 PM

Jaishankar expresses confidence in India-EU partnership growing further

External Affairs Minister S Jaishankar expressed confidence that the partnership between India and the European Union (EU) will continue to grow in the times ahead, emphasizing the consequential nature of their ties not only for the two sides but also for the world. Jaishankar, along with his wife ...

May 9, 2024 11:31 PM

SBI’s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24

The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net pro...

May 9, 2024 7:04 PM

Iran to import no wheat until March 2025, ministry official says

Iran will not import any wheat until March 2025 as it will rely on domestic production, the Iranian Student News Agency reported a deputy at the Agriculture Ministry saying on Thursday. "Between March 2023 and March 2024, domestic production of wheat has reached 10.5 million tons and we only needed...

May 9, 2024 5:25 PM

Sensex plunges 1000 points, Nifty closes below 22,000

The BSE Sensex and Nifty closed Thursday’s trading session sharply lower. The Nifty slumped 1.55% to 21,957.50 points, while the Sensex fell 1.45% to 72,404.17 at the close. Several sectoral indices faced sharp declines, with Nifty Oil & Gas being the top loser, falling by 2.7%. Other sectors...

May 9, 2024 1:11 PM

China’s exports and imports return to growth, signaling demand recovery

China's exports and imports returned to growth in April after contracting in the previous month, signaling an encouraging improvement in demand at home and overseas as Beijing navigates numerous challenges in an effort to shore up a shaky economy. The data suggests a flurry of policy support measur...

May 8, 2024 10:52 AM

BSE Sensex Slips 390 Points, Nifty50 Near 22,200

Today, the Indian equity benchmark indices, BSE Sensex and Nifty50, opened in the red, indicating a cautious start to the trading session on Wednesday. While the BSE Sensex experienced a decline of around 300 points, the Nifty50 hovered near the 22,200 mark. As of 10:38 AM, the BSE Sensex was tradin...

May 7, 2024 2:30 PM

Yen weakens despite intervention threat, Aussie eases after RBA

The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar eased back from near a two-mont...