Mumbai, Feb 24 (PTI) The Sensex crashed over 2,700 points on Thursday -- its biggest single-day plunge in about two years -- in lockstep with a severe sell-off in global markets after Russia launched a full-scale invasion of Ukraine, plunging Europe into its biggest crisis since the Second World War. The 30-share BSE gauge plummeted [...]
Finance Minister Nirmala Sitharaman on Thursday said she will be meeting Prime Minister Narendra Modi to discuss the situation arising out of the Russia-Ukraine conflict. Markets have been rattled by Russia's attack on the Eastern European country. When asked whether there will be a meeting with the Prime Minster on the Russia-Ukraine issue, Sitharaman said, [...]
International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffected, a top government official said exuding confidence of uninterrupted fuel supplies even if the conflict escalated. For consumers, the spike in global oil prices will not have any [...]
Since 2020, the markets around the world have been on a wild bullish run. However, most of the investors woke up to the news of further escalation in the Ukraine-Russia conflict. This has affected several markets with bearish trends on the horizon. The Ukraine-Russia conflict has also further intensified the selling across the continents. The [...]
New Delhi, Feb 24 (PTI) National Highways Authority of India (NHAI) member Manoj Kumar on Thursday said a huge market is available for surety bonds in the country and now, the onus is on the insurance fraternity to come out with products quickly. Addressing an event organised by industry body Assocham, Kumar further said the [...]
New Delhi, Feb 24 (PTI) Coal Minister Pralhad Joshi has urged state-owned Coal India Ltd (CIL) to achieve production targets for the current as well as next financial year. Joshi said that together with introduction of latest IT-enabled technologies and overall approach towards implementing the same in a sustained and efficient manner is the key [...]
New Delhi, Feb 24 (PTI) Moody's Investors Service on Thursday raised India's growth forecast to 9.5 per cent for the calendar year 2022 and to 8.4 per cent for the coming fiscal beginning April 1, even as it flagged high oil prices and supply distortions as a drag on growth. Stating that the economic recovery [...]
New Delhi, Feb 24 (PTI) Markets were awash in red and the Indian currency slumped against the dollar on Thursday amid Russia's attack on Ukraine pushing investors to seek refuge in safe-haven assets. Gold as well as crude oil prices surged, with the latter even crossing the USD 103 per barrel mark. The domestic stock [...]
Oil prices have crossed the $100 per barrel mark after Russian President Vladimir Putin announced a "military operation" in Ukraine.The BSE Sensex and the NSE Nifty fell by more than 3% today. Foreign Investors have removed ₹51,703 crores from Indian equities between January and February.Most companies will have to hike the prices of goods and [...]
New Delhi, Feb 24 (PTI) Fitch Ratings on Thursday said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory. In its report 'What Investors Want to Know: Indian Sovereign and Financial Institutions in 2022', it said financial institutions face an uneven recovery due to lingering asset-quality risks and [...]
