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Economy

May 22, 2024 3:07 PM

Global stocks slip on inflation jitters

Share markets fell on Wednesday as stronger-than-expected inflation in Britain offset investor hopes that AI-heavyweight Nvidia could meet sky-high expectations, with the market also waiting for possible clues on when the U.S. Federal Reserve will be...

May 22, 2024 2:40 PM

Surname doesn’t matter in today’s India: PM Modi reaffirms commitment to providing right business environment for startups

Prime Minister Narendra Modi on Monday reaffirmed the government's commitment to providing a conducive environment for startups to flourish, asserting that in today's India, one's surname or family background does not matter as much as hard work and ...

May 22, 2024 12:14 PM

Nifty, Sensex open flat; DIIs sustain market momentum

Indian benchmark indices opened cautiously on Wednesday, with buying by Domestic Institutional Investors (DIIs) offsetting selling by Foreign Institutional Investors (FIIs). The Nifty 50 index rose by 20 points to reach 22,549.70 from the previous c...

May 22, 2024 11:08 AM

Paytm registers 25% growth in revenue at Rs 9,978 crore in 2023-24

Paytm, the leading fintech brand operated by One 97 Communications, has reported a 25% surge in revenue, reaching Rs 9,978 crore during the financial year 2023-24. The company attributed the growth to the increasing gross merchandise value (GMV), exp...

May 21, 2024 1:35 PM

ONGC reports highest-ever standalone profit in FY24

ONGC reported its highest-ever standalone net profit of Rs 40,526 crore in FY24 on Monday. In a stock exchange filing, ONGC announced that its consolidated net profit for FY24 reached an all-time high of Rs 57,101 crore, positioning itself as a fron...

May 21, 2024 10:56 AM

Global stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan's tech-heavy Nikkei edged hig...

May 21, 2024 10:55 AM

Nifty, Sensex open flat; experts predict gains ahead of poll results

Indian benchmark indices began Tuesday's trading session flat amid mixed global cues. The Nifty 50 index was at 22,458 after losing 40 points, while the Sensex shed 206 points to 73,801 at the time of this report. In the Nifty 50 index, 20 stocks op...

May 20, 2024 1:47 PM

India held two-day “Chintan Shivir” to formulate strategy and SOPs for FTAs

The commerce ministry had organised a two-day "Chintan Shivir" for formulating strategies and standard operating procedures for free trade agreements. The Shivir organised on May 16-17, was attended by senior government officials of different departm...

May 19, 2024 7:51 PM

India’s foreign exchange reserves surged by $2.56 billion to $644.15 billion: RBI report

India’s foreign exchange reserves surged for the second straight week, by USD 2.561 billion to USD 644.151 billion in the week that ended on May 10, according to data shared by the Reserve Bank of India (RBI). This uptick follows a period of three...

May 17, 2024 9:14 PM

India’s exports grow in April despite global disruptions

India's trade deficit is facing limited immediate challenges from ongoing geopolitical uncertainties, although it remains a crucial area to monitor, according to a recent Crisil report on India's trade deficit. Despite these potential disruptions, th...

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