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Market

October 4, 2024 5:30 PM

Sensex and Nifty extend losses, drop nearly 1% on Friday

India's stock markets closed the week with further losses as both the Sensex and Nifty ended Friday in the red. The Sensex dropped by 703.95 points, or 0.85 percent, finishing at 81,793.16, while the Nifty slipped by 200.25 points, or 0.79 percent, closing at 25,049.85. Out of the 50 companies list...

October 3, 2024 5:52 PM

Sensex, Nifty plunge as Middle East tensions escalate

India’s benchmark indices took a sharp hit on Thursday, extending their losses for a fourth consecutive session as investor sentiment was dampened by escalating tensions between Israel and Iran, which threaten to engulf the Middle East in a broader conflict. The Sensex dropped 1,769.19 points, or...

October 3, 2024 1:58 PM

Nobel Peace Prize could honour UNRWA, ICJ, UN chief Guterres

The United Nations Palestinian refugee agency (UNRWA), the International Court of Justice and U.N. chief Antonio Guterres are among the favourites for this year's Nobel Peace Prize, experts said, in a year marked by the wars in Gaza and Ukraine. Given past form, the Norwegian Nobel Committee is cap...

October 3, 2024 11:44 AM

India to see 9.5% salary hike in 2025, attrition rate slows down: Report

Salaries in India are projected to increase by 9.5 per cent in 2025, compared to an actual increase of 9.3 per cent this year, a report showed on Thursday. The engineering and manufacturing and retail industries project double-digit increases at 10 per cent, closely followed by financial institutio...

September 30, 2024 6:27 PM

India’s core sector output drops by 1.8% in August

The Index of Eight Core Industries (ICI) recorded a 1.8 percent decline in August compared to the same period last year, according to provisional data. The drop was driven by negative growth in coal, crude oil, natural gas, petroleum refinery products, cement, and electricity production. Only steel ...

September 30, 2024 3:54 PM

Equity markets close lower on Monday

Indian equity markets closed on a weaker note on Monday, with the Nifty slipping below 25,850. The Sensex plunged 1,272.07 points, or 1.49%, to settle at 84,299.78, while the Nifty declined 368.20 points, or 1.41%, finishing at 25,810.80. In terms of market breadth, 1,757 shares advanced, 2,107 sha...

September 30, 2024 2:35 PM

Why India’s easing of export curbs is important to global rice trade

India has removed most of the export curbs it imposed on rice shipments in 2023 with immediate effect, as above-average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries. Here are some facts explaining India's importance to the global rice trade: * India ac...

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