Saturday, November 16, 2024

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Economy

September 14, 2024 5:54 PM

Samsung, Xiaomi colluded with Amazon, Flipkart: CCI report

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to the Reuters news agency. Antitrust investiga...

September 13, 2024 5:16 PM

TikTok faces crucial court hearing that could decide fate in US

TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold...

September 13, 2024 4:38 PM

Sensex, Nifty end lower after record highs

India’s benchmark indices closed marginally lower on Friday, after reaching their record highs in the previous session. The Sensex dropped 71.77 points, or 0.09%, to settle at 82,890.94, while the Nifty slipped 32.40 points, or 0.13%, closing at 25...

September 13, 2024 10:12 AM

Sensex, Nifty open near record highs as global markets surge

India's benchmark indices hovered near record highs on Friday, driven by a rally in Asian markets as investors anticipated a 50-basis-point interest rate cut by the U.S. Federal Reserve. At the opening bell, the Nifty 50 climbed to 25,430.45, markin...

September 12, 2024 10:58 PM

ECB cuts interest rates as growth dwindles

The European Central Bank cut interest rates again on Thursday and signalled a "declining path" for borrowing costs in the months ahead as inflation slows and economic growth in the euro zone falters. The ECB lowered its deposit rate by 25 basis poi...

September 12, 2024 4:58 PM

Sensex, Nifty hit fresh all-time highs amid broad-based rally

India’s benchmark indices surged to record highs on Thursday, driven by board-based buying across sectors and strong investor confidence. The Sensex soared 1,439.55 points to close at an all-time high of 82,962.71, while the Nifty jumped 395.40 po...

September 12, 2024 3:17 PM

IEA cuts 2024 oil demand growth forecast on China slowdown

The International Energy Agency (IEA) has cut its 2024 oil demand growth forecast by 70,000 barrels per day (bpd), or about 7.2%, to 900,000 bpd, it said in its monthly oil market report on Thursday, The Paris-based agency cited a slowdown in Chines...

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Last updated on: 16th November 2024