Economy Archives - Page 16 of 352

Economy

July 2, 2026 4:34 PM

Sensex jumps 579 points, Nifty tops 24,175 as easing oil prices lift market mood

Indian benchmark equity indices ended higher on Thursday, supported by a decline in global crude oil prices after encouraging signs emerged from trade talks between the United States and Iran, boosting investor sentiment. The Nifty closed at 24,175....

July 2, 2026 12:25 PM

Gold, silver trade mixed amid hopes Fed may hold interest rates

Gold and silver traded mixed in Thursday morning's session, with gold edging lower on profit booking and silver extending gains for a third straight session amid expectations that the US Federal Reserve may not rush to raise interest rates. On the M...

July 2, 2026 12:09 PM

Govt notifies new EPF Scheme with revised partial withdrawal norms

The newly notified Employees’ Provident Fund (EPF) Scheme, 2026, introduced new provisions on partial withdrawals effective June 29. Under the revised scheme, members of the Employees’ Provident Fund Organisation must retain a minimum balance of...

July 2, 2026 11:07 AM

Asian shares fall as chipmakers drag; US jobs data looms

Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for U.S. jobs data that could gives hints about the risk of interest rate hikes. Oil prices hit new four-mont...

July 2, 2026 10:37 AM

US declines to extend North American trade deal, starting clock to end it while seeking changes

The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to reshore manufacturing jobs and reduce U.S. trade deficits with its North...

July 2, 2026 10:26 AM

Odisha Cabinet approves deep-sea fishing mission to boost blue economy

The Odisha Cabinet gave its nod to the implementation of the Odisha Deep Sea Fishing Mission (2026–2036), a proposal put forward by the state Fisheries & Animal Resources Development (F&ARD) Department. According to an official statement, ...

July 2, 2026 10:08 AM

Sensex, Nifty trade higher as falling crude, strong auto sales lift sentiment

Indian equities traded higher in the morning session on Thursday, supported by easing crude oil prices, strong auto sales data and optimism over first-quarter earnings. Sensex surged as much as 0.38 per cent or about 300 points to hit an intraday hi...

July 1, 2026 8:15 PM

RBI names Ravi Shankar as Executive Director with effect from July 1

The Reserve Bank of India (RBI) on Wednesday appointed Ravi Shankar as its new Executive Director (ED), with effect from July 1. Prior to his elevation, Shankar served as Adviser-In-Charge of the Department of Statistics and Information Management (...

July 1, 2026 4:14 PM

Sensex, Nifty end higher as FMCG, banking and realty stocks lift benchmark indices

Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks. The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, o...

July 1, 2026 3:21 PM

Govt grants Miniratna status to MECON Limited

The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profit...

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