Economy Archives - Page 184 of 312

Economy

January 6, 2025 4:57 PM

Sensex falls 1,258 points amid HMPV concerns, global uncertainties

The Indian stock market faced a sharp decline on Monday, with the benchmark indices registering losses of over 1.5 percent. Concerns regarding human metapneumovirus (HMPV) and global economic challenges contributed to the sell-off. The Sensex cl...

January 6, 2025 3:07 PM

Global stocks nudge up in choppy trade as political uncertainty reigns

Global stocks edged up on Monday ahead of a week crammedwith U.S. economic data that will be pivotal in setting expectations for interest rates, although heightened political uncertainty kept any new-year enthusiasm in check. In China, the yuan ...

January 6, 2025 2:54 PM

India’s services sector growth surges to 4-month high in Dec: report

India’s services sector growth reached a four-month high in December, driven by robust demand that boosted business activity and supported strong job creation, according to a survey released on Monday. The HSBC India Services Purchasing Managers' ...

January 6, 2025 12:45 PM

Goldman Sachs sees India among top emerging markets in 2025

Goldman Sachs has projected India to be among the best-performing emerging markets in 2025, citing the country’s robust macroeconomic stability backed by improving terms of trade, effective inflation targeting, and reliable domestic risk capital. ...

January 6, 2025 11:16 AM

Sensex rises, Nifty crosses 24,000 in early trade

The Indian stock market opened higher on Monday, with buying observed in the IT and auto sectors. At around 9:32 AM, the Sensex was trading at 79,470.61, rising 247.50 points or 0.31 per cent, while the Nifty was trading at 24,065, gaining 60.25 poi...

January 5, 2025 5:44 PM

India’s demand for petroleum products expected to rise by 4%: report

India’s demand for petroleum products, including petrol, diesel, and LPG, is projected to increase by 3-4% in the current financial year ending March 31, 2025, according to a report by Fitch Ratings. The growth is attributed to rising consumer dem...

January 5, 2025 5:40 PM

CII pushes for employment policies, labour reforms, and boosting women workforce in Union Budget 2025-26

The Confederation of Indian Industry (CII) has urged the government to prioritize employment generation, implementation of labour reforms, and increased participation of women in the workforce in the upcoming Union Budget 2025-26, set to be presented...

January 5, 2025 3:37 PM

PM Modi interacts with schoolchildren during Namo Bharat train inauguration ride

Prime Minister Narendra Modi on Sunday inaugurated a new stretch of the Namo Bharat Corridor, taking a memorable ride aboard the high-speed train and engaging with schoolchildren along the way. The journey, which began at Sahibabad RRTS station and e...

January 4, 2025 6:03 PM

Indian coal sector clocks record production, dispatch growth in 2024

Coal production reached an all-time high of 1,039.59 million tonnes (provisional) in 2024, marking a significant 7.28 per cent growth compared to the previous year’s total of 969.07 MT, the government said on Saturday. Similarly, coal dispatches a...

January 3, 2025 5:13 PM

Indian stock market leads global IPO boom in 2024, NSE raises record $19.5 billion

The Indian stock market witnessed an initial public offering (IPO) boom in 2024 as compared to any other global stock exchange, with the National Stock Exchange's (NSE) Rs 1.67 lakh crore ($19.5 billion) capital raised through them becoming the highe...

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