Business

July 21, 2024 12:10 PM

EPFO reports record addition of 19.50 lakh members in May

The Employees’ Provident Fund Organisation (EPFO) added a record 19.50 lakh net members in May 2024, the highest since it began releasing payroll data in April 2018. This marks a 19.62% increase compared to May 2023. Out of the total new additions, 9.85 lakh were new members, reflecting a 10.96% ...

July 19, 2024 5:18 PM

Sensex, Nifty end sharply lower

Indian shares fell from record highs to end lower on Friday due to broad-based profit booking ahead of the national budget and a global cyber outage impacting multiple sectors. NSE Nifty 50 dropped 1.09% to 24,530.9, and BSE Sensex fell 0.91% to 80,604.65, after both indexes briefly hit record high...

July 19, 2024 3:57 PM

China reaffirms lofty policy goals, offers no implementation details

Chinese leaders reiterated their wide-ranging economic policy goals on Thursday, from modernizing industry to expanding domestic demand and curbing debt and property sector risks, without detailing implementation steps. The pledges were published in the official news agency Xinhua's account of a ke...

July 18, 2024 10:26 PM

Stock Market: IT boost lift shares to record closing highs

Driven by robust gains in information technology stocks, shares reached record closing highs on Thursday. LTIMindtree's exceptional results boosted confidence in a sector recovery. The NSE Nifty 50 added 0.76% to end at 24,800.85, while the S&P BSE Sensex settled 0.78% higher at 81,343.46. They...

September 16, 2024 5:54 PM

FICCI forecasts 7% annual GDP growth for India in 2024-25

The Federation of Indian Chambers of Commerce & Industry (FICCI) has forecasted a 7.0% annual median GDP growth for India in the fiscal year 2024-25, according to its latest Economic Outlook Survey. "Despite persisting headwinds, India's economic growth remains resilient, and the nation remains...

September 16, 2024 5:57 PM

Indian stock markets closed for Muharram holiday; trading to resume Thursday

Indian stock markets are closed today in observance of the Muharram holiday, with trading set to resume on Thursday. In other Asian markets, Japan's Nikkei 225 experienced a modest increase, gaining 40 points to reach 41,310.70. Meanwhile, Hong Kong's Hang Seng rose by 9 points to 17,737.27. Taiwan...

September 16, 2024 5:55 PM

Domestic air travel in India up 4.28% in first half of 2024

In the first half of 2024 (January-June), domestic airlines in India carried 7.93 crore passengers, reflecting a 4.28% annual growth compared to 7.61 crore passengers in the same period the previous year. On a monthly basis, passenger growth stood at 5.76%. In 2023, domestic airlines transported 15...