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Economy

May 6, 2024 8:35 PM

European shares climb on energy boost, rate-cut hopes

European shares rose on Monday (May 6), with investor optimism over interest rate cuts from major central banks back to the fore. The pan-European STOXX 600 was up 0.3%. UK equities are closed due to a bank holiday. Supporting sentiment, a media re...

May 6, 2024 10:58 AM

Indian stock market surges in early trading

The Indian equity market started the week on a positive note as the benchmark indices, Sensex and Nifty, bounced back in early trade. The BSE Sensex climbed 328.54 points to reach 74,206.69, while the NSE Nifty advanced by 93.45 points, settling at ...

May 5, 2024 11:20 AM

Foreign portfolio investors return as buyers in Indian stock market

Foreign portfolio investors (FPIs) have resumed their role as net buyers in the Indian stock market in May, marking a turnaround from their selling spree in April. According to data from the National Securities Depository Limited (NSDL), FPIs purchas...

May 4, 2024 5:54 PM

India lifts ban on onion exports after robust production

India lifted the restrictions on onion exports from Friday. The decision comes on the heels of robust kharif crop production in 2024 and favourable monsoon forecasts, coupled with stable market conditions both at the mandi and retail levels. "All re...

May 3, 2024 5:29 PM

Sensex, Nifty decline amid selling pressure on large caps

The BSE Sensex and Nifty fell on Friday as selling pressure in index heavyweights after the Nifty hit a record high dragged the indices into negative territory. Additionally, market sentiment was dampened by rumors circulating about potential tax ch...

May 3, 2024 4:03 PM

India, Netherlands hold foreign office consultations, agree to further strengthen bilateral ties

India and the Netherlands held the 12th round of foreign office consultations (FOC) in The Hague on Thursday, agreeing to further strengthen bilateral ties by focusing on new and emerging technologies like semiconductors and green hydrogen. The Indi...

May 3, 2024 10:44 AM

Asian stocks surge on tech boost; yen extends gains to cap wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets i...

May 3, 2024 11:03 AM

South Korea to slap fines on food suppliers for ‘shrinkflation’

South Korea's antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300). The Fair Trade Commission (FTC) said it has desi...

May 2, 2024 11:09 PM

India and New Zealand hold 11th Joint Trade Committee meeting to strengthen trade relations

India and New Zealand concluded the 11th Joint Trade Committee (JTC) meeting in New Zealand on Thursday. Led by Commerce Secretary Sunil Barthwal, the Indian delegation engaged in fruitful discussions with key stakeholders, including New Zealand'...

May 2, 2024 9:22 PM

Indian markets gained after the U.S Fed kept rates unchanged

Indian benchmark indices closed with gain on Thursday after the US Federal Reserve kept the interest rates unchanged for the sixth straight time. The Nifty 50 index gained 43 points to close at 22,648 points while the BSE Sensex gained 128.33 points...

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