India and the UK are looking into the possibility of listing debt instruments and shares at IFSC-GIFT City and the London Stock Exchange (LSE), according to Finance Minister Nirmala Sitharaman on Monday. After the conclusion of the 12th India-UK Economic and Financial Dialogue, Sitharaman stated that the UK had expressed its willingness to further increase [...]
The major equity indices maintained their upward trend in Tuesday's early trade, rising for the eighth straight day, with the Nifty reaching a new all-time high. The strong rise in equity in initial agreements was also aided by a generally firm trend in global markets and recent foreign capital inflows. The 30-share BSE Sensex climbed [...]
On Monday, India and the UK reaffirmed their commitment to hastening the conclusion of their free trade agreement (FTA). Finance Minister Nirmala Sitharaman and UK Chancellor of the Exchequer Jeremy Hunt both expressed a desire to move the free trade agreement along during a joint press conference. "There is definitely some discussion on the FTA...the [...]
A trade group for the mutual fund industry reported on Monday that investors poured in a record Rs 15,813 crore in August via the systematic investments plans (SIPs) route provided by mutual fund players. The income- or debt-oriented schemes saw a net outflow of Rs 25,872 crore in August, according to the Association of Mutual [...]
According to SteelMint, In January-June 2023 India has produced 66.14 MT crude steel, reporting a 5 per cent YoY growth and the uptrend is likely to continue in second half of the year as well. The research firm said that 63 million tonnes of crude steel produceed by the domestic industry in January-June Period of [...]
On Monday, investors' optimism in the local markets helped equity benchmark indices extend their rally for the seventh straight day. Buying in key indexes The winning streak in the stock market was also boosted by Reliance Industries and Tata Consultancy Services. The 30-share BSE Sensex jumped 293.7 points to 66,892.61 in early trade. The Nifty [...]
On Friday, the index heavyweights HDFC Bank, Larsen & Toubro, and Reliance Industries all saw their shares rise, helping the benchmark BSE Sensex increase its gains by another 333 points and extend its winning streak to six sessions in a row. The BSE Sensex increased 333.35 points or 0.50 per cent to close at 66,598.91, [...]
On Thursday equity benchmark Sensex jumped over 385 points to reclaim the 66,000 mark, propelled by strong buying in index majors HDFC Bank, L&T and SBI amid a weak trend in global equities. Trader said a decline in crude oil prices in the international market also supported the domestic equities. The BSE Sensex gained for [...]
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminum products. India had imposed these duties on 28 US products in 2019 in retaliation to the US' move. The finance [...]
On Wednesday British Prime Minister Rishi Sunak said there was “still some way to go” for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a "forward-looking" and "modern" deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030. The first [...]
