Business

August 30, 2024 10:21 PM

Indian economy records 6.7% growth in April-June quarter, below RBI forecast

The Indian economy expanded by 6.7% in real terms during the April-June quarter of the financial year 2024-25, as reported by the Ministry of Statistics and Programme Implementation on Friday. This growth rate is lower than the 7.1% forecast made by the Reserve Bank of India (RBI). For the same per...

August 30, 2024 7:09 PM

Bangladesh garment industry short on cotton as floods worsen protest backlog

Garment factories in Bangladesh, one of the world's biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil. Bangladesh is a leading global cotton importer due to the size of i...

August 30, 2024 5:04 PM

Sensex, Nifty reach new record highs; markets await Q1 GDP data

India’s benchmark indices closed at fresh all-time highs on Friday, fueled by sustained buying from foreign portfolio investors (FPIs) and hopes of an imminent U.S. interest rate cut. The Nifty 50 rose 0.33% to reach 25,235.9, while the Sensex climbed 0.28% to 82,365.77. According to data from t...

August 29, 2024 4:51 PM

Sensex, Nifty close near record highs as Reliance Industries fuels rally

India’s benchmark indices soared to record highs on Thursday, driven by a surge in Reliance Industries shares following the company's announcement of a 1:1 bonus issue for equity shareholders and a Rs 75,000 crore investment in New Energy. The company shares rallied 1.55 percent after the announc...