Business

September 16, 2024 6:37 PM

Industry upbeat on Modi 3.0: CII, FICCI, Assocham expects reforms to continue

As Prime Minister Narendra Modi begins his third consecutive term in office, industry leaders have voiced their confidence in the government’s capacity to advance economic reforms and sustain the nation’s growth momentum. Experts emphasize that the Indian economy is poised to become the world’...

June 10, 2024 3:46 PM

Euro and French markets roiled by shock Macron election call

The euro tumbled, while French bonds and stocks were hit hard on Monday, following French President Emmanuel Macron's decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5% to a one-month low of $1.0764 and slumped to a 2...

September 16, 2024 6:38 PM

Market salutes PM Modi’s third term: Sensex-Nifty open at all-time high

Indian stock indices continued their uptrend from the past week and opened at fresh record highs at the opening bell on Monday, a day after Prime Minister Narendra Modi and his Union Council of Ministers took oath to office. A smooth transition in the government formation seemed to have boosted mark...

September 16, 2024 6:39 PM

India third-largest gold buyer in May, after Switzerland and China: WGC

The global gold market experienced a turnaround in May, ending a 12-month slump for gold exchange-traded funds (ETFs) with a resurgence in inflows. This positive momentum was driven by strong demand in Europe and Asia, despite minor outflows in North America. By the end of May, global gold ETF hold...

September 16, 2024 6:39 PM

RBI keeps repo rate unchanged at 6.5%, ups FY25 GDP forecast to 7.2%

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 percent for the eighth consecutive time on Friday, aiming to bring inflation down to its medium-term target of 4%. The Monetary Policy Committee (MPC), in a majority decision with four out of six members agreeing, opted to hold the ...

September 16, 2024 6:40 PM

Nifty, Sensex rebound as investors await govt formation

Indian markets continue to recover from the losses of election results day. The Nifty 50 index surged 201 points, or 0.89 percent, to 22,821.40, while the BSE Sensex climbed 692 points to 75,074, reflecting a 0.93 percent gain. In the sectoral indices, all except Nifty FMCG, Nifty Pharma, Nifty Pri...