Economy Archives - Page 86 of 227

Economy

January 30, 2025 4:38 PM

Sensex, Nifty extend gains ahead of Union Budget

India's benchmark indices continued their upward momentum on Thursday, marking the third consecutive session of gains ahead of the Union Budget 2025-26. Both the Sensex and Nifty ended in positive territory, buoyed by investor optimism. At the close...

January 30, 2025 1:17 PM

RBI: Year-on-Year UPI expansion propels India’s digital ecosystem

Digital payments across India recorded a double-digit increase of 11.1 per cent year-on-year (YoY) as of September 2024, according to the Reserve Bank of India’s (RBI) index that measures the adoption of online transactions, as stated in a central ...

January 30, 2025 11:09 AM

SoftBank in talks to invest up to $25 billion into OpenAI, says source

SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector. SoftBank could invest $15 billion to $25 billion directly int...

January 30, 2025 11:15 AM

US Fed leaves rates unchanged, sees no hurry to cut again

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate. The decision and Powell's comments put Fed pol...

January 30, 2025 10:06 AM

Indian stock market opens flat as US Fed pauses rate cut cycle

Indian benchmark indices opened flat on Thursday as the US Federal Reserve meeting voted unanimously to pause the rate cut cycle, which started last September and has delivered 100 bps of cut to date. The Sensex was marginally up 49 points or 0.065 ...

January 29, 2025 4:42 PM

RBI may take growth-oriented measures in February policy review: Jefferies

The Reserve Bank of India's (RBI) upcoming monetary policy committee meeting in February could focus on supporting economic growth, according to brokerage firm Jefferies. Jefferies said that the central bank’s policies might take a growth-supporti...

January 29, 2025 4:39 PM

Indian markets close higher for second straight session

The Indian stock market maintained its upward trajectory for the second consecutive session on Wednesday, with both the Sensex and Nifty closing higher. The Sensex rose by 631.55 points, or 0.83 per cent, to settle at 76,532.96 after reaching an int...

January 29, 2025 3:36 PM

Union Budget 2025 to support India’s $5 trillion economy target

The Union Budget 2025-26 is expected to play a role in advancing India's aim of becoming a $5 trillion economy by promoting policies focused on growth, equity, and efficiency. A pre-budget survey released on Wednesday indicated that economic confiden...

January 29, 2025 2:06 PM

Indian stock market opens higher, Nifty above 23,000

The domestic benchmark indices opened higher on Wednesday for the second day in a row, as investors look forward to positive cues in the upcoming Union Budget 2025–26. As of 9.33 a.m., Sensex was up 195 points or 0.29 per cent at 76,122 while Nift...

January 28, 2025 4:51 PM

Rising exports and expanding refining capacity boost India’s Petroleum Industry

India has experienced a surge in petroleum product exports over the past decade, with its refining capacity now exceeding 250 million metric tonnes per annum (MMTPA), enabling the country to meet global demand, according to a press release from the M...

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