Business

June 14, 2024 2:46 PM

WPI Food Index increased from 5.52 pc in April to 7.40 pc in May

Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May. In the food basket, cereals, paddy, pulses, vegetables, potato, onion, fruits, all spiked. The overall wholesale ...

June 13, 2024 5:13 PM

China urges EU to reverse ‘wrong practices’ on EV tariffs

Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour and said it hoped the European bloc would correct its "wrong practices" and handle trade frictions through dialogue. The reaction from China and others embroiled in the dispute, including European and Chi...

June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion....

June 12, 2024 5:35 PM

Fed expected to hold rates steady, project fewer cuts in 2024

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed officials will receive a new round of inflation data th...

June 12, 2024 4:48 PM

Nifty, Sensex continue upward trend; mid and small caps surge 1 per cent

Indian markets continued their bull run during Wednesday's session. The Nifty touched an all-time high of 23,441 points during the day. However, both indices closed with marginal gains due to profit booking by investors. The benchmark Nifty gained 58 points to close at 23,322.95, while the Sensex c...

September 16, 2024 6:09 PM

Indian stocks trade firm ahead of May inflation data release

Indian stock indices kicked off Wednesday's trading session on a positive note, with the Sensex and Nifty both up 0.3% and hovering just below their all-time highs. The bullish trend comes ahead of the highly anticipated release of India's May inflation data, as investors brace for potential market-...

June 11, 2024 11:03 AM

Russia’s new co-operation pact with Iran suspended, RIA agency reports

A new agreement between Moscow and Tehran on comprehensive cooperation has been temporarily suspended due to problems that Iranian partners are facing, Russia's RIA state news agency reported on Tuesday citing a Russian foreign ministry official. "This is a strategic decision of the leadership of t...

June 11, 2024 11:48 AM

Sensex, Nifty steady ahead of Fed decision, CPI data

The BSE Sensex and Nifty 50 were trading steady on Tuesday after a decline on Monday, pulling back from record highs reached during the day. As of 10:20 AM, the Sensex was up 0.20% at 76,644.79, while the Nifty gained 0.26% at 23,319. Market participants are awaiting the US May inflation data and ...