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Finance

April 19, 2025 11:38 AM

Global biopharma IPOs surge to $8.52 billion in 2024 amid market rebound

The global biopharmaceutical sector witnessed a sharp rebound in 2024, with initial public offerings (IPOs) rising by 68.4 per cent to reach $8.52 billion, according to a new report by GlobalData.   A total of 50 IPOs were completed during the year, compared to $5.06 billion raised in 2023. This ...

April 17, 2025 9:01 PM

India’s economic fundamentals strong, growth outlook bright: industry leaders

India’s economic growth story is set to gain further momentum, underpinned by strong fundamentals, robust policymaking, and a skilled workforce, according to top industry leaders. On the sidelines of the 120th anniversary celebrations of the PHD Chamber of Commerce and Industry (PHDCCI), the lead...

April 17, 2025 4:46 PM

Fitch projects India’s GDP growth at 6.4% for FY26, retains 6.3% for FY27

Fitch Ratings on Thursday revised India’s GDP growth forecast for FY26 to 6.4%, citing global economic uncertainties, while maintaining its projection of 6.3% for FY27. The global ratings agency also lowered its estimates for FY25 and FY26 by 10 basis points to 6.2% and 6.4% respectively, attribu...

April 17, 2025 4:35 PM

Sensex jumps over 1,500 points, Bank Nifty near record high

Indian stock markets closed sharply higher on Thursday, marking the fourth consecutive session of gains, driven by strong buying in banking stocks. The Sensex, which marked its 150th anniversary on April 17, opened slightly lower at 76,968 and dipped to an early low of 76,666. However, it quickly r...

April 17, 2025 10:08 AM

Indian stock market opens in red, IT stocks drag

After three consecutive days of gains, domestic benchmark indices opened in the red on Thursday amid weak global cues, as selling pressure was witnessed in the IT and auto sectors during early trade. As of 9:27 am, the Sensex was trading 338.13 points, or 0.44%, lower at 76,706.16, while the Nifty ...

April 16, 2025 4:35 PM

Sensex rises for third day; Nifty near 23,450 as banks lead rally

Indian stock markets continued their upward trend for the third straight session on Wednesday, supported by strong buying in financial stocks, especially private banks, and select oil and gas shares. The Sensex opened 262 points higher at 76,996 but briefly turned negative due to weak global cues a...

April 16, 2025 9:07 AM

Asian shares fall as Nvidia hit by U.S. chips curbs, gold hits record

Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China's economy grew 5.4% in the first quarter f...

April 15, 2025 5:30 PM

India’s exports hit record $820.93 billion in FY25 amid global headwinds

India's total exports of goods and services rose by 5.5% to a record $820.93 billion in the financial year ending March 31,  compared to $773 billion in the previous year, according to Commerce Secretary Sunil Barthwal. This growth comes despite global economic uncertainties and trade tensions.  ...

April 15, 2025 4:23 PM

Indian markets rally on US tariff relief; Sensex surges over 1,500 points

Indian equity markets witnessed a sharp rally on Tuesday, buoyed by the United States' decision to provide a 90-day relief from reciprocal tariffs. The announcement lifted investor sentiment, especially amid expectations of similar relief for the automotive sector. The BSE Sensex opened with a robu...

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Last Updated: 21st Apr 2025