Economy Archives - Page 260 of 364

Economy

November 20, 2024 10:42 PM

Moody’s downgrades six Bangladeshi banks following sovereign rating cut

Global rating agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade. The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank and Premier B...

November 20, 2024 6:45 PM

APEDA showcases the best of India at the Organic and Natural Expo in Dubai

In a move to strengthen India’s foothold in the West Asian organic market, the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce, Government of India, showcased a strong Indian presence at...

November 20, 2024 4:39 PM

UDAN scheme enhancing regional connectivity, making it accessible for millions: Centre

The UDAN scheme has fuelled the civil aviation sector, transforming air travel by enhancing regional connectivity and making it accessible for millions, the government said on Wednesday. On November 17, the domestic aviation sector reached a histori...

November 20, 2024 4:18 PM

Date for resuming India-UK free trade talks to be finalised soon: Commerce Ministry

The Commerce and Industry Ministry announced on Wednesday that the schedule for holding the India-UK free trade talks in early 2025 would be finalised through diplomatic channels “at an early date”. “Subsequent to the meeting between Prime Min...

November 20, 2024 1:44 PM

Share market closed for trading due to Maharashtra election

The Indian stock market was closed on Wednesday for the Maharashtra assembly elections. On Tueday, the Indian equity markets ended a seven-day losing streak, closing higher after a volatile session. The Nifty rose to 23,500, supported by buy...

November 19, 2024 4:27 PM

Indian stock indices stage a modest recovery after seven-day losing streak

Indian stock markets made a recovery on Tuesday, reversing the downward trend that had persisted for the past seven sessions. The Sensex gained 239.38 points, closing at 77,578.38, a rise of 0.31%. Similarly, the Nifty rose 64.70 points, settling at ...

November 19, 2024 4:10 PM

Mall operators in India to register 12% revenue growth in FY25: Crisil

Mall operators in India are projected to achieve robust revenue growth of 10-12% during the current financial year (FY25), building on the 15% growth recorded in the previous fiscal year, according to a Crisil report released on Tuesday. The growth ...

November 19, 2024 12:37 PM

Moody’s downgrades Bangladesh’s outlook to negative

The Moody's Ratings on Monday downgraded its outlook on the Bangladesh economy to negative from stable owing to heightened political risks and lower growth forecasts following the recent political and social unrest that led to a change in government....

November 19, 2024 11:24 AM

Nifty, Sensex bounce back on Tuesday reversing the selling trend

Indian stock markets opened on a positive note on Tuesday, reversing the recent trend of weakness as both indices gained in the opening session. At around 9:40 am, Sensex was up by 766.58 points (0.99%) at 78,105.59, while the Nifty climbed 236.50 p...

November 19, 2024 9:12 AM

Asian stocks rise, dollar weak as US yields tick down

Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced,...

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