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Economy

October 18, 2024 11:12 AM

Sensex, Nifty open lower as foreign outflows persist

India’s benchmark indices declined for the fourth consecutive session on Friday, weighed down by continued selling from foreign institutional investors (FIIs). The Nifty fell 0.34%, or 84 points, to 24,664.95, while the BSE Sensex dropped 257 poin...

October 18, 2024 9:19 AM

Mexico: Finance Minister Sitharaman chairs Tech Leaders Roundtable in Guadalajara

Union Finance Minister Nirmala Sitharaman chaired Tech Leaders Roundtable at the Chamber of Commerce in Mexico's Guadalajara and held discussions on 'Strengthening Technological Cooperation between India and Mexico.' The roundtable on Thursday was o...

October 17, 2024 5:16 PM

Sensex, Nifty slips amid weak global sentiments and geopolitical tensions

India's stock market closed lower on Thursday, with major indices witnessing sharp declines due to weak global sentiment and concerns over India's economic outlook. The BSE Sensex dropped 494.75 points, or 0.61%, to settle at 81,006.61, while the NSE...

October 17, 2024 2:45 PM

Hyundai Motor India’s record $3.3 billion IPO fully subscribed on final day of bidding

A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades. As companies rush...

October 17, 2024 10:29 AM

Nifty, Sensex open flat; experts anticipate Diwali festivities to boost markets

Indian stock markets opened on a flat note Thursday, as the ongoing tug-of-war between Foreign Institutional Investors (FIIs) selling and Domestic Institutional Investors (DIIs) buying continued to influence trends. The Nifty 50 index began the s...

October 16, 2024 6:05 PM

EAM Jaishankar signs eight key documents at SCO council of heads of government meeting

External Affairs Minister (EAM) S. Jaishankar signed eight significant outcome documents at the 23rd Shanghai Cooperation Organisation (SCO) Council of Heads of Government meeting in Islamabad, underscoring India’s active role and contributions to ...

October 16, 2024 5:20 PM

India’s exports rise by 4.86% in first half of FY25, but trade deficit grows sharply

India's overall exports, including merchandise and services, witnessed a 4.86% year-on-year increase in the first half of FY25, reaching $393.22 billion for the April-September period, according to data released by the Commerce Ministry on Wednesday....

October 16, 2024 5:08 PM

Sensex, Nifty close lower amid selling pressure, foreign outflows

India's benchmark indices fell on Wednesday, weighed down by selling pressure and foreign outflows. The BSE Sensex dropped 318 points to close at 81,501.36, while the Nifty declined by 86 points, ending at 24,971.30. Among the top gainers in the Nif...

October 16, 2024 4:34 PM

Cabinet approves 3% hike in DA for govt employees

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a 3% increase in Dearness Allowance (DA) for central government employees on Wednesday. The hike, which takes effect from July 1, 2024, also extends to pensioners, with Dearness Rel...

October 16, 2024 4:17 PM

EU AI Act checker reveals Big Tech’s compliance pitfalls

Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity resilience and discriminatory output, according to a report by Reuters. The EU had long debated new AI regulations...

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