DDIndia Business: Economic Headlines & Updates

Business

June 28, 2024 3:22 PM

Pakistan passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan's parliament on Friday moved to pass the government's tax- heavy finance bill for the coming fiscal year ahead of more talks on a new IMF bailout as it seeks to avert a debt default for an economy growing at the slowest pace in South Asia. ...

June 28, 2024 1:06 PM

Asia shares set for five-month winning streak; yen slides

Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling U.S. inflation could prompt the Federal Reserve to ease rates this year, while the yen tumbled to a 38-year low against the dollar. Fr...

June 28, 2024 11:54 AM

Bangladesh receives $1.15bn from IMF as part of $4.7bn loan package

Bangladesh received $1.15 billion from the International Monetary Fund (IMF) on Thursday, marking the third tranche of a $4.7 billion loan package. Besides the IMF funds, Bangladesh also received around $900 million from other sources including the I...

June 28, 2024 11:34 AM

Airtel hikes tariffs between 11-21 percent on different voice and data plans

Airtel has announced a price hike across all its pre-paid and post-paid. The change in tariff plans will go into effect from July 3rd across all circles and throughout India. The most affordable plan of Airtel will now cost Rs 199 for a validity of 2...

June 27, 2024 5:02 PM

Indian markets close at historic highs; Nifty surpasses 24000, Sensex crosses 79000

Indian markets continued their bull run on Thursday, with both benchmark indices, Nifty and Sensex, breaking records and reaching new highs. The Nifty surged by 0.74 percent, or 175 points, to close at 24,044, while the BSE Sensex gained 0.72 percen...

June 27, 2024 1:44 PM

Sensex, Nifty soar to new record highs

The BSE Sensex surged past the 79,000 mark and the NSE Nifty crossed 24,000 for the first time on Thursday, setting new records in intraday trading. The Sensex soared 470.71 points to reach 79,159.89, while the Nifty rose 164.10 points to 24,032.90....

June 27, 2024 10:28 AM

Asia stocks down, yen slump keeps markets on intervention alert

Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it. The dollar made six-week highs on sterling and the kiwi a...

June 26, 2024 9:33 PM

Paraguay becomes 100th member of International Solar Alliance

Paraguay has become the 100th country to join the International Solar Alliance (ISA) as a full member. The South American nation officially handed over its Instrument of Ratification to the ISA in New Delhi on Wednesday. The ceremony took place duri...

June 27, 2024 9:59 AM

Sensex, Nifty settle at new all-time highs; banking, media stocks shine

Indian benchmark indices reached fresh record highs on Wednesday, driven by gains in banking and media stocks. The BSE Sensex gained 620.73 points, or 0.8 percent, to close at 78,674.25, while the Nifty added 147.50 points, or 0.62 percent, to end a...

June 26, 2024 4:36 PM

Kenyan protesters promise more rallies after deadly parliament violence

Kenyan protesters vowed on Wednesday to keep up their demonstrations against new tax hikes, a day after police opened fire on crowds trying to storm parliament, leaving at least eight people dead and scores wounded. As heavily armed officers patroll...