Investment Archives - Page 14 of 43

Investment

September 19, 2024 9:53 PM

Despite being leader in digital transactions, cash circulation increasing substantially in India

Despite India being a leader in digital financial transactions, cash currency in circulation has more than doubled over the last eight years. As per Reserve Bank of India (RBI) data, since the demonetization of Rs 1000 and Rs 500 notes in 2016, the c...

September 19, 2024 12:59 AM

Dollar drops as Fed cuts rates by half a percentage point

The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2% annual target. The Fed cut the overnight rate to ...

September 18, 2024 9:05 AM

India and US agree to explore ways to strengthen cooperation across energy value chain

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri held a meeting with US Assistant Secretary of State for Energy Resources Geoffery Pyatt on the sidelines of GasTech 2024 in Houston. The two leaders reviewed the existing energy cooperati...

September 17, 2024 9:15 PM

Indian shares register marginal rise with focus now on US Fed action

Stock indices in India closed Tuesday's trading marginally up after having touched fresh highs during the session, but remained largely muted ahead of the crucial US Federal Reserve monetary policy meeting. Sensex closed at 83,079.66 points, up 90.8...

September 16, 2024 12:15 PM

PM Modi inaugurates 4th Global Renewable Energy Investor’s Meet in Gandhinagar

Prime Minister Narendra Modi inaugurated 4th Global Renewable Energy Investor's Meet (RE-INVEST) 2024 in Gujarat's Gandhinagar district on Monday. Hosted by the Ministry of New and Renewable Energy (MNRE), the three-day conference is anticipated to ...

September 14, 2024 10:45 AM

OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate s...

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 5:02 PM

Nine European countries protest against IMF resuming missions to Russia

Nine European countries protested on Friday against the International Monetary Fund's plans to resume missions to Russia, saying it would damage the reputation of the Fund to resume dialogue with a country that has invaded another. After Moscow's al...

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...

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