Business

June 28, 2024 5:13 PM

Sensex, Nifty end lower as financials weigh

Indian benchmark indices retreated on Friday after reaching historic highs the previous day. The BSE Sensex dropped by 210 points, or 0.27 percent, settling at 79,032.73, while the Nifty 50 ended 35 points, or 0.15 percent, lower at 24,010. The Bank Nifty declined by 469 points, or 0.89 percent, cl...

September 16, 2024 6:12 PM

German businesses see India as a stable place to invest, says envoy Ackermann

German businesses view India as a highly "stable place" to invest, according to Germany's ambassador Philipp Ackermann, who expects increased German investment in India once the India-EU Free Trade Agreement addresses existing tax and tariff "impediments." In an interview with ANI, Ackermann mentio...

June 28, 2024 1:50 PM

Pakistan passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan's parliament on Friday passed the government's tax- heavy finance bill for the coming fiscal year ahead of more talks on a new IMF bailout as it seeks to avert a debt default for an economy growing at the slowest pace in South Asia. The government presented the tax-loaded budget two weeks ...

June 25, 2024 5:29 PM

Sensex, Nifty close at record highs, led by banking sector rally

Indian benchmark indices closed at record highs on Tuesday, buoyed by a surge in financial and banking stocks. The Sensex closed at 78,053.52, up 712.44 points or 0.92 percent, while the Nifty closed at 23,721.30, up 183.45 points or 0.78 percent, both touching new lifetime highs. The Bank Nifty s...

June 25, 2024 4:31 PM

Sri Lanka to sign debt restructuring agreements with India and Japan

Sri Lanka is set to sign agreements to restructure its bilateral debt with India and Japan on Wednesday. This news was confirmed by Foreign Minister M.U.M. Ali Sabry, who mentioned that President Ranil Wickremesinghe had updated the Cabinet about the progress on Monday. Last week, Cabinet spokesman...

September 16, 2024 6:14 PM

Apple charged with breaching EU tech rules, faces another probe

European Union antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers. The European Commission, which is also the EU's antitrust ...

September 16, 2024 6:15 PM

Stock markets begin week on a cautious note with key indices slipping into red

The stock market began the week on a subdued note as key indices opened lower on Monday. The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42 per cent decrease. The initial ho...

June 23, 2024 1:52 PM

GST exemption granted to platform tickets and essential railway services

Finance Minister Nirmala Sitharaman announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for mid to late August. GST Council proposes exemption for specific services offered by Indian Railways to the general public, as well as for intra-railway tra...