Business

May 1, 2024 11:37 AM

Foreign portfolio investors turn net sellers in Indian stocks in April

Foreign portfolio investors (FPIs) offloaded Indian stocks in April, following two consecutive months of being net buyers. The ongoing geopolitical crisis in the Middle East, coupled with the strength of US bond yields, likely pushed investors to withdraw funds from their portfolios. Foreign portfo...

May 1, 2024 10:29 AM

Stock market shut for Maharashtra Day

Stock exchanges will remain shut Wednesday on account of Maharashtra Day. The next market holiday is on May 20 for General Elections. On Tuesday, the stock indices settled marginally lower, snapping morning supported by strong US markets coupled with improved investor sentiment with the relative e...

April 30, 2024 5:52 PM

Binance’s CEO Zhao faces sentencing over money laundering violations

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Z...

October 25, 2024 3:54 PM

Rescuers drill through debris to reach 41 men trapped in Uttarakhand tunnel

Rescuers led by "rat miners" drilled through rocks and debris on Tuesday to reach 41 construction workers trapped in a collapsed tunnel in Uttarakhand for 17 days. The process of pulling out the 41 low-wage workers from India's poorest states, one at a time on wheeled stretchers through a pi...