Business

August 2, 2024 4:31 PM

Sensex, Nifty slide on U.S. growth concerns

India's benchmark indices fell sharply on Friday, snapping a five-day winning streak, as weaker-than-expected U.S. factory data triggered a global sell-off. The Nifty shed 293.20 points, or 1.17 percent, closing at 24,717.70, while the Sensex lost 885.60 points, or 1.08 percent, to 80,981.95. Mark...

August 2, 2024 11:33 AM

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business. It also forecast third-quarter revenue below estimates, grappling with a pullback ...

August 1, 2024 4:51 PM

Sensex, Nifty end at record highs

Indian benchmark indices ended at record highs on Thursday, boosted by the US Federal Reserve's indication that an interest rate cut is likely in September. Market sentiment was further boosted by news of India's manufacturing sector showing impressive resilience in July 2024. The HSBC India Manufa...

August 1, 2024 11:29 AM

Nifty hits all-time high, surpassing 25,000

India's benchmark index Nifty 50 opened at a record high on Thursday, crossing the 25,000 milestone for the first time. The Nifty gained 92.15 points to 25,030.95, while the Sensex added 208.34 points, or 0.25 percent, to 81,949.68. Maruti Suzuki, JSW Steel, Hindalco Industries, Coal India, and Tat...

July 31, 2024 5:30 PM

Sensex, Nifty extend gains for fourth consecutive session

Indian benchmark indices continued their upward trajectory, closing higher for the fourth consecutive session on Wednesday. The Sensex climbed 285.94 points, or 0.35%, to settle at 81,741.34, while the Nifty gained 93.90 points, or 0.38%, closing at 24,951.20. Among the Nifty's top performers were...

July 31, 2024 12:31 PM

Piyush Goyal confirms no change in policy on Chinese investments

Commerce and Industry Minister Piyush Goyal has confirmed that the government will not change its policy on foreign direct investments (FDI) from China. This decision comes despite recent suggestions from the Economic Survey. Goyal stated that the ideas presented in the Survey are not binding on th...

July 31, 2024 12:27 PM

Indian Ambassador to Saudi Arabia Visits NEOM’s Home province

As part of efforts to expand diplomatic outreach and foster international partnerships, a delegation from the Indian Mission in Saudi Arabia led by Ambassador Dr. Suhel Khan visited Saudi Arabia's strategically located Tabuk Province. Tabuk, which borders Jordan, is not only home to the iconic NEOM ...