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Economy

November 18, 2024 5:41 PM

Gold prices dip 9% from peak, experts suggest support at current level

Gold prices showed a modest recovery on Monday, breaking a six-day losing streak. However, both international and domestic gold prices remain around 9% below their recent peaks, driven by global economic conditions and market sentiment. Internationa...

November 18, 2024 4:53 PM

Sensex, Nifty extend losses for seventh straight session

Benchmark stock indices slumped on Monday, extending losses for seventh straight session and touching a new multi-month low. The Sensex dropped 241.30 points (0.31%) to close at 77,339.01, while the Nifty declined 78.90 points (0.34%) to settle at 2...

November 18, 2024 4:44 PM

India rated fastest growing G20 economy with GDP growth projected at 7% for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7% GDP growth rate for 2024, followed by Indonesia in the second spot with 5% while China is ranked third with an economic growth rate of 4.8%. "India takes the lead...

November 18, 2024 3:29 PM

Electronics, engineering, agricultural goods propel India’s export growth: CRISIL

India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday...

November 18, 2024 11:07 AM

Sensex, Nifty fall as IT, bank shares drag markets

India’s benchmark indices fell on Monday, dragged down by selling across the IT, PSU banks, and pharmaceutical sectors. The Sensex slipped 333.13 points, or 0.43%, to 77,247.18, while the Nifty declined 98.70 points, or 0.42%, to 23,434.00 by 9:51...

November 18, 2024 11:10 AM

India-Brazil trade at USD 15 billion, huge potential: Executive Director, India-Brazil Chamber of Commerce

Executive Director of India-Brazil Chamber of Commerce Leonardo Ananda Gomes highlighted the successful bilateral trade between the two countries, which as of now has crossed the USD 15 billion mark. Gomes also highlighted Prime Minister Narendra Mo...

November 17, 2024 12:59 PM

Samsung top pick for retail investors after US election

Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday. Individuals purchased the chipmaker on bargain hunting for eight tradin...

November 15, 2024 10:46 AM

India’s GDP to grow 6.5-7 pc through FY27 over infra, consumption push: Report

India’s GDP will expand 6.5-7 per cent annually in the next three fiscal years (2025-2027), and the country’s good economic growth prospects will continue to support banks' asset quality, according to a new report. India's infrastructure spendin...

November 14, 2024 5:12 PM

Venture debt funding boosts Indian fintech and EV startups: report

The venture debt market in India is steadily expanding, resembling the early days of venture capital, particularly in emerging sectors like fintech and electric vehicles (EVs), according to a report released Thursday. Indian founders are increasingl...

November 14, 2024 4:58 PM

Indian stock market extends losses for 6th consecutive session

India's benchmark stock indices slumped for the sixth consecutive session, closing at multi-month lows as persistent market pressures weighed on investor sentiment. The Sensex dropped by 110.64 points, or 0.14%, closing at 77,580.31, while the Nifty...

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