More From Economy
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Sitharaman's big announcements in GST Council meet: From hostels to platform tickets | Key takeaways
June 23, 2024 6:04 ISTNirmala Sitharaman chaired the GST Council meeting on Saturday and made big announcements at a press conference. She listed out what will become cheaper.
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CNG price in Delhi NCR, adjoining cities hiked by Rs 1 per kg | Check new rates
June 23, 2024 6:04 ISTAccording to information posted by IGL on its website, CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg.
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Nirmala Sitharaman holds pre-budget consultation meeting with finance ministers of state, UT
June 22, 2024 11:51 ISTUnion Finance Minister Nirmala Sitharaman has been holding pre-budget consultation meetings with various stakeholders, economists and experts since June 19. The upcoming budget is the first budget of Modi government after winning the third term.
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India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs
June 21, 2024 17:41 ISTExpressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
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Market closing update: Sensex halts record-breaking rally, down by 269 points
June 21, 2024 16:34 ISTMarket closing update: Rallying for the sixth straight session, the BSE benchmark Sensex climbed 141.34 points or 0.18 per cent to settle at a new closing peak of 77,478.93. The Nifty rose 51 points or 0.22 per cent to settle at its fresh closing high of 23,567.
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Bank of England keeps its main interest rate unchanged at a 16-year high of 5.25% ahead of UK polls
June 20, 2024 18:12 ISTBoE Governor Andrew Bailey said in a statement alongside the decision that it was "good news" that the latest data had shown inflation was back at its 2% target, but that it was too soon to cut rates
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Indian funds in Swiss banks down 70 per cent to lowest in 4 years: Switzerland Central Bank
June 21, 2024 14:42 ISTAccording to the data released by Switzerland's central bank, Indian funds in Swiss banks were down 70 per cent to the lowest in four years at 1.04 billion.
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Stock market updates: Sensex rises 100 points, Nifty above 23,550, Bharti Airtel up 7 per cent
June 20, 2024 10:42 ISTJapan’s Nikkei declined by 0.70%, Korea’s Kospi gained 0.13%, and Australia’s ASX200 saw a marginal decrease of 0.03%. In Europe, the UK’s FTSE rose by 0.17%, driven by expected inflation figures, while Germany’s DAX fell by 0.35% and the UK’s FTSE increased by 0.60%.
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Gautam Adani emphasises infrastructure's vital role in shaping India's future
June 19, 2024 13:09 ISTAt an event by CRISIL, Adani Group Chairman Gautam Adani said, "I can very confidently say that as we stand here today India’s infrastructure industry is undergoing a stunning change the impact of which we will be able to appreciate fully when we look back a decade later."
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Sensex opens at record high, Nifty surpasses 23,500
June 19, 2024 10:06 ISTSmall- and mid-cap stocks also hit all-time highs, rising 0.5% and 0.35%, respectively. Wall Street's strong performance, with the S&P 500 and Nasdaq Composite closing at record levels, further boosted market sentiment.
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Sensex, Nifty hit new all-time high levels in early trade
June 18, 2024 10:01 ISTAnalysts attribute the rally to robust corporate earnings, favourable global market trends, and investor optimism about the domestic economic outlook.
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PM Kisan 17th installment: Steps to check beneficiary status online, complete KYC formalities
June 17, 2024 14:37 ISTThe Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana provides financial aid to landholding farmer families, offering Rs 2,000 every four months. Prime Minister Narendra Modi announced the release of the 17th installment, totaling Rs 20,000 crore, benefiting 9.3 crore farmers.
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Eid-al-Adha 2024: Stock market to remain closed tomorrow for Bakrid festival
June 16, 2024 16:38 ISTEid-al-Adha 2024: Bakra Eid is a holy occasion also called the 'festival of sacrifice' and is celebrated on the 10th day of Dhu al-Hijjah, the 12th month of the Islamic or lunar calendar. It marks the end of the annual Hajj pilgrimage. The festival is an occasion of joy and peace.
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Karnataka: Petrol, diesel prices likely to go up as state govt revises sales tax; BJP reacts
June 15, 2024 18:42 ISTThe petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax.
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IRDAI mandates additional costs for insurers on late health claim settlements
June 14, 2024 13:15 ISTThe Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance. Insurers must now cover additional costs if claims are not settled within three hours of discharge.
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Wholesale price inflation rises to 2.61 pc in May, as against 1.26 pc in April: Govt data
June 14, 2024 12:49 ISTThe wholesale price index (WPI) based inflation was 1.26 per cent in the previous month. It was (-) 3.61 per cent in May 2023.
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India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
June 13, 2024 20:33 ISTIn a report titled Credit Conditions Asia-Pacific H2 2024 Credit Outlook, Moody's Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue to outperform pre-Covid growth numbers.
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Mumbai and Delhi in top 5 cities globally in housing price rise, Bengaluru's spot improves: Report
June 13, 2024 18:41 ISTManila is at first position with a 26.2 per cent annual growth in prices, followed by Tokyo at 12.5 per cent.
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GST Council to meet on June 22, likely to review online gaming taxation
June 13, 2024 16:27 ISTThe Union Finance Minister Nirmala Sitharaman will chair the 53rd Goods and Services Tax Council meeting, with finance ministers from states, among others in attendance.
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Union Budget 2024-25: Finance Minister Nirmala Sitharaman kicks off preparation, earmarks priorities
June 13, 2024 14:49 ISTNirmala Sitharaman was given the charge of the finance portfolio in the second stint of the Modi government after the 2019 general elections, becoming the first full-time woman finance minister in the independent India. In the third stint, PM Modi reposed his faith in her leadership.
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Sensex, Nifty open at record highs; BSE market cap rises to Rs 432 lakh crore
June 13, 2024 10:23 ISTThe Indian stock markets opened at fresh record highs on Thursday following the US Federal Reserve's decision to keep interest rates unchanged. The Fed also indicated only one rate cut by the end of the year despite high inflation.
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India’s retail inflation eases to 12-month low of 4.75 per cent in May
June 12, 2024 17:56 ISTInflation (CPI) dropped in May 2024, from 4.83 per cent to 4.75 per cent (YoY). The corresponding inflation rate for rural and urban rates is 5.28 per cent and 4.15 per cent, respectively.
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Stock market updates: Nifty hits all-time high, Sensex surges nearly 600 points
June 12, 2024 12:20 ISTIndian stock markets opened on a positive note on Wednesday, with the benchmark BSE Sensex and Nifty showing significant gains in early trading.
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Sensex rises 200 points, Nifty surpasses 23,300; realty and PSU banks lead sectoral gains
June 11, 2024 11:22 ISTIn early trading on Tuesday, benchmark equity indices saw a decline due to profit-taking after a record-breaking rally. Bluechip stocks such as Reliance Industries and HDFC Bank faced selling pressure.
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Market milestone: Nifty, Sensex hit record highs following PM Modi's historic third-term oath
June 10, 2024 14:10 ISTThe Nifty 50 index soared to an unprecedented high, driven by robust gains across various sectors. Leading the charge were stocks in the IT, financial, and consumer goods sectors, which showed significant upward momentum.
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Ramoji Rao, founder of world's largest film production facility, dies at 87: Who was he?
June 08, 2024 11:53 ISTRamoji Rao, who revolutionised the news and entertainment industry, died at a hospital in Hyderabad early on Saturday. He was 88. An innovative entrepreneur, he pioneered a number of ventures, including the Eenadu newspaper, ETV news network and Ramoji Film City.
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Adani Solar retains Top Performer ranking in Kiwa PVEL’s Module Reliability Scorecard for 7th year
June 07, 2024 16:31 ISTKiwa PVEL releases the annual scorecard that highlights manufacturers that have produced PV modules demonstrating noteworthy results in independent Product Qualification Program (PQP) testing.
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Sensex touches record high of 76,787, days after huge bloodbath on Lok Sabha election counting day
June 07, 2024 15:37 ISTThe Sensex has reached an all-time high just days after experiencing a significant downturn on election counting day on June 4. The surge follows a period of uncertainty and fluctuation, demonstrating the dynamic nature of the stock market in response to political events.
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PM Modi flags off India's first hydrogen train, says only 3-4 countries are capable of running it
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Anurag Kumar appointed Delhi Police Commissioner, replaces Satish Golcha ahead of retirement
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Delhi University bars use of tractor, JCB for DUSU elections 2026; check guidelines
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'Just get it done': Joe Root reveals conversation with Gus Atkinson after missing out on century
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'Development will continue...': CM Dhami hails Uttarakhand's progress at 'Yuva Agniveer Samvad'
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Lenovo Legion Y700 Infinite to feature Snapdragon 8 Elite Gen 5 leading version, 5G and AI features
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'Just get it done': Joe Root reveals conversation with Gus Atkinson after missing out on century
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Man says quitting government job for IIM Ahmedabad cost him Rs 74 lakh, explains the maths
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Your car renewal premium may rise even after a no-claim record, here's how to manage it
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Man says quitting government job for IIM Ahmedabad cost him Rs 74 lakh, explains the maths
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Delhi woman's heated clash with cab driver over fare goes viral
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Elderly man throws banana peels onto railway tracks despite dustbins nearby, internet is angry
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South Korean woman shares biggest surprise at Indian cinema
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Mumbai man faces backlash over Gateway of India sea jump, later shares his side of the story