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Economy

August 5, 2024 2:57 PM

Sensex declines on Monday: a review of the five largest drops

India's benchmark stock index, opened with a sharp decline on Monday. This isn't the first time the index has experienced such drops, often triggered by major global and domestic economic events. Here, we take a look at the five biggest intraday fall...

August 5, 2024 2:01 PM

India to host first BIMSTEC Business Summit in New Delhi from August 6-8

India is preparing to host the first-ever BIMSTEC Business Summit in New Delhi from August 6-8, marking a significant step towards fostering greater regional collaboration in the Bay of Bengal region. The Ministry of External Affairs, in partnership ...

August 5, 2024 10:30 AM

Hardeep Singh Puri to introduce bill to amend Oilfields Act in Rajya Sabha on Monday

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri is set to introduce the Oilfields (Regulation and Development) Amendment Bill, 2024 in the Rajya Sabha today. The bill aims to update the Oilfields (Regulation and Development) Act of 1...

August 5, 2024 9:44 AM

Sensex falls around 1,600 points & Nifty plunges 500 points as global markets sink

Indian markets experienced one of the worst falls on Monday with both the indices Nifty, and Sensex registering high losses during the opening trade. Indian stock markets followed the global bloodbath. The Nifty 50 index declined 414.85 points or 1....

August 4, 2024 8:20 PM

Slowdown, likely rate cut in US will drive foreign investment to India: Experts

In a report earlier this week, Fitch Ratings reported that elevated US interest rates since 2023 are impacting the labor market and demand. The global rating agency highlighted politics as a high uncertainty area, with geopolitical risks persisting. ...

August 3, 2024 1:05 PM

Global gold demand drops 6 pc in Q2 2024 due to slump in jewellery consumption, OTC investment pushes total to record high

Global gold demand in Q2 2024, excluding over-the-counter (OTC) transactions declined by 6 per cent year-on-year to 929 tonnes, primarily due to a sharp fall in jewellery consumption according to the latest report of World Gold Council. However, wh...

August 3, 2024 12:59 PM

Meta in talks to use voices of Judi Dench, Awkwafina for A.I.

Meta is in discussions with actors such as Awkwafina and Judi Dench, as well as influencers, for the right to use their voices in its MetaAI digital assistant product. The social media giant is also in talks with comedian Keegan-Michael Key, among o...

August 2, 2024 11:16 PM

SEBI working on various initiatives to streamline IPO process and enhance transparency-Madhabi Puri Buch

The SEBI (Securities & Exchange Board of India) Chairperson Madhabi Puri Buch says that the market regulator is working on several initiatives to streamline the IPO process and enhance transparency. Speaking at the 21st annual capital markets co...

August 2, 2024 8:22 PM

Record 7.28 Crore Income Tax Returns Filed by July 31; 72% opted for new regime

Taxpayers and tax professionals adhered to deadlines, setting a new record for Income Tax Returns (ITRs) filed by July 31. The total number of ITRs submitted for the assessment year 2024-25 exceeded 7.28 crore, marking a 7.5 percent increase over the...

August 2, 2024 4:41 PM

Sensex, Nifty slide on U.S. growth concerns

India’s benchmark indices fell sharply on Friday, snapping a five-day winning streak, as weaker-than-expected U.S. factory data triggered a global sell-off. The Nifty shed 293.20 points, or 1.17 percent, closing at 24,717.70, while the Sensex lost...

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