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Economy

January 14, 2025 4:47 PM

Indian equity market closes higher amid global and domestic positivity

The Indian stock market closed on a positive note on Tuesday, supported by favorable domestic and global factors. The Sensex ended 169.62 points higher, or 0.22%, at 76,499.63, while the Nifty gained 90.10 points, or 0.39%, to close at 23,176.05. A...

January 14, 2025 4:26 PM

European stocks, Wall St futures climb as US inflation data awaited

European stocks and U.S. futures rose on Tuesday as a sell-off in bond markets moderated, although investors remained cautious ahead of U.S. inflation data on Wednesday and the start of U.S. President-elect Donald Trump's second term in office next w...

January 14, 2025 1:23 PM

Net direct tax collections surge 16% to ₹16.90 lakh crore in FY25

India’s net direct tax collections recorded a robust 15.88% jump to ₹16.90 lakh crore during April 1, 2024–January 12, 2025, compared to the same period of the previous financial year, according to the latest figures compiled by the Income Tax ...

January 14, 2025 12:51 PM

India’s GDP growth likely to reach 6.7% next fiscal: Crisil

India’s gross domestic product (GDP) growth is projected to improve to 6.7% in the next fiscal year (FY25), according to a Crisil Intelligence report. The report noted that a sustained decline in food inflation, combined with stable non-food inflat...

January 14, 2025 10:40 AM

Sensex, Nifty open higher; HCLTech shares plunge 9 percent

India’s benchmark indices opened higher on Tuesday, with the Nifty 50 gaining 113.60 points to 23,199.55 and the Sensex adding 370.21 points to 76,700.22 by 9:16 AM. However, shares of HCLTech tumbled 9 percent in early trade after its Q3 earnings...

January 13, 2025 7:02 PM

India set to redefine global trade at 6.4% CAGR over next decade: Report

India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday. The ASEAN region and ...

January 13, 2025 6:19 PM

India’s retail inflation falls to 4-month low of 5.22% in December

India’s retail inflation rate, based on the Consumer Price Index, fell to a 4-month low of 5.22 per cent in December as prices of vegetables, pulses and sugar eased during the month bringing respite to household budgets, according to figures releas...

January 13, 2025 4:56 PM

Indian Stock Market Plunges Over 1% Amid Mixed Cues

The Indian stock market witnessed a sharp downturn on Monday, with both the Sensex and Nifty indexes plummeting over 1% amid a mix of global and domestic pressures. Strong employment data from the United States suggested fewer rate cuts in 2025, addi...

January 13, 2025 4:14 PM

India faces $14.6 billion tariff burden If US imposes 20% duty: BCG report

India's trade trajectory could face significant headwinds if the United States enforces a 20% across-the-board tariff on imports from the country, according to a report by Boston Consulting Group (BCG). Such a move would add an estimated $14.6 billio...

January 13, 2025 3:32 PM

Saudi Arabia plans to enrich and sell uranium, energy minister says

Saudi Arabia plans to monetize all minerals, including by selling uranium, Saudi energy minister Prince Abdulaziz bin Salman said on Monday. "We will enrich it and we will sell it and we will do a 'yellowcake,'" Prince Abdulaziz told a conference in...

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