Economy Archives - Page 27 of 217

Economy

May 7, 2025 4:57 PM

Sensex, Nifty end higher post ‘Operation Sindoor’

Despite high volatility during the trading session on Wednesday, Indian stock markets managed to close in the green. The Sensex erased all the early losses and closed with a gain of 105 points, or 0.13 per cent at 80,746. Similarly, the Nifty close...

May 6, 2025 8:49 PM

India-UK reach Free Trade Deal, PM Modi calls it “historic milestone”

Prime Minister Narendra Modi on Tuesday announced the successful conclusion of a landmark Free Trade Agreement (FTA) between India and the United Kingdom, along with the Double Contribution Convention. Describing it as a “historic milest...

May 6, 2025 4:25 PM

Rupee likely to remain in Rs 85-87 range against USD in 2025, US Fed may hold rates steady in next two policy cycles: SBI Report

The Indian rupee is expected to remain stable in the range of Rs 85-87 against the US dollar through 2025, according to a recent report released by the State Bank of India (SBI). The report highlighted several global and domestic factors that are li...

May 6, 2025 4:09 PM

Sensex, Nifty end lower amid escalating geopolitical tensions

Indian stock markets ended in the red on Tuesday as rising geopolitical tensions dampened investor sentiment, triggering broad-based selling across sectors. The Sensex slipped by 155.77 points, or 0.19 per cent, to settle at 80,641.07, while the Nif...

May 6, 2025 3:36 PM

India set to overtake Japan as fourth-largest economy in 2025: IMF

India is on track to become the world’s fourth-largest economy in 2025, overtaking Japan, according to the latest World Economic Outlook released by the International Monetary Fund (IMF). The report estimates India’s nominal GDP will reach 4,187....

May 6, 2025 3:07 PM

Moody’s pegs India’s GDP growth at 6.3 per cent for 2025

Moody’s Ratings on Tuesday pegged India's GDP growth at 6.3 per cent for 2025 and expects the economy to pick up momentum in 2026 to record a 6.5 per cent growth rate. Moody’s forecast is in line with the IMF outlook, which sees India as the onl...

May 6, 2025 12:45 PM

India’s services sector sees stronger growth in April as PMI rises to 58.7: HSBC

India’s services sector regained momentum in April after a brief slowdown in March, according to the latest HSBC Services PMI data released by S&P Global. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 58.7 in ...

May 6, 2025 12:05 PM

UPI QR codes record 91.5% surge to 657.9 million, credit card growth slows

Unified Payments Interface (UPI) QR codes recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous year, reaching 657.9 million, according to the latest data from the Re...

May 6, 2025 10:38 AM

Sensex, Nifty open flat amid mixed global cues

Indian equity indices opened on a flat note on Tuesday amid mixed global cues and ongoing geopolitical tensions. At 9:18 am, the Sensex was down 11 points at 80,785, while the Nifty declined 8 points to trade at 24,452. Selling pressure was witness...

May 6, 2025 10:52 AM

India’s first mortgage-backed PTCs listed on NSE

M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, on Tuesday rang the ceremonial bell to mark the listing of the country’s first mortgage-backed Pass Through Certificates (PTCs) on the National Stock Exchange (NSE). The...

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