Finance

July 6, 2019 10:03 AM

Industry bodies welcome the Budget

Talking to reporters in New Delhi, Assocham President said, initiatives like e-assessment, inter-changeability of PAN and Aadhaar, and digital payment will make a big difference to taxpayers.  FICCI has also welcomed the Union Budget saying target of disinvestment worth 1 lakh five thousand cror...

May 17, 2019 11:20 AM

Debt bubbles could burst as economies slow

They were in Stockholm for the annual meeting of the International Capital Markets Association, an industry body. Speakers on the first day warned about an unsustainable build up of debt and that liquidity would dry up in certain asset classes in stress scenarios, although they did not expect that t...

March 11, 2024 5:07 PM

Sensex cracks over 400 points amid jitters in Chinese equities

In a Tweet on Sunday, Trump turned up the heat by saying he would raise import taxes on USD 200 billion in Chinese products to 25 per cent from 10 per cent on Friday. Reacting to the news, Chinese bourses sank led by Shanghai Composite Index that plunged over 5 per cent. Other indices in Tokyo an...

April 26, 2019 9:56 AM

Sensex jumps over 150 points in opening trade

The 30-share index was trading 152.41 points or 0.39 per cent higher at 38,883.27, and the NSE Nifty rose 50.90 points or 0.44 per cent to 11,692.70. In the previous session, the BSE bourse slumped 323.82 points, or 0.83 per cent, to close at 38,730.86, while the Nifty declined 84.35 points, or 0...

February 23, 2019 6:47 AM

Zimbabwe launches new currency to fight cash shortage

Zimbabweans awoke to a new currency Friday. An attempt by the Central Bank to ease a crippling lack of cash in the country. It's led to more confusion and fear for residents, who faced years of economic problems under old President Robert Mugabe. "In 2008, we had a crisis. So many people...

August 8, 2018 10:12 AM

Sensex rises 110 points, Nifty at 11,400 mark

The 30-share Sensex advanced by 110.06 points, or 0.29 per cent, to 37,775.86. The gauge had slipped 26.09 points in the previous session. The sectoral indices rose up to 0.64 per cent, led by metal, oil and gas, PSU, infrastructure, power, auto, healthcare, consumer durables, capital goods an...

March 11, 2024 5:06 PM

Sensex opens at all-time high, Nifty touches new peak too

The 30-share index rose 184.98 points, or 0.49 per cent, to hit a new peak of 37,876.87. Market sentiment, however, turned cautious as the index pared gains trading 40.13 points, or 0.11 per cent higher at 37,732.02 at 0950 Hrs. The gauge had gained 526.73 points in the previous two sessions. ...