Latest Indian Economy News

Finance minister Nirmala Sitharaman on Tuesday met United Nations Deputy Secretary-General Amina J Mohammed and exchanged views on financing of Sustainable Development Goals (SDGs) and the ongoing G20 India Presidency. "FM Smt. @nsitharaman highlighted the four main agenda of the #G20 #FinanceTrack under #G20India Presidency, i.e., debt distress; #DigitalAssets/currency; strengthening #MDBs; and #DPI Digital Public [...]

Equity benchmark indices climbed in early trade on Wednesday, but later gave up all the gains to trade lower amid emergence of profit-taking, after an unabated record-breaking rally in the last few trading sessions. The 30-share BSE Sensex climbed 44.19 points to 65,523.24 after beginning the trade on a positive note. Soon, it touched a [...]

Equity benchmark indices Sensex and Nifty advanced further to settle at record highs for the fourth straight session on Tuesday, driven by unabated foreign fund inflows and largely bullish investor sentiments. Besides, heavy buying in index majors Bajaj Finance, Bajaj Finserv, Infosys, HDFC Bank and TCS added to the optimism in the equity market. Rallying [...]

Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum. Rallying for the fifth straight session, the 30-share [...]

Benchmark equity indices continued their rally on Monday, with the BSE Sensex breaching the 65,000 mark for the first time ever, propelled by bullish global market trends and foreign fund inflows. Rallying for the fourth straight day, the 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The [...]

Benchmark equity indices scaled fresh all-time closing highs on Friday, propelled by foreign fund inflows and a firm trend in the global markets. Intense buying in index heavyweights Infosys, HDFC twins, Reliance Industries and TCS further bolstered sentiment, traders said. Rallying for the third straight day, the 30-share BSE Sensex jumped 803.14 points or 1.26 [...]

President Vladimir Putin has called Prime Minister Narendra Modi “a big friend" of Russia and said his 'Make in India' campaign has had a "truly impressive effect" on the country's economy. Putin made these remarks on Thursday at a forum in Moscow organised by Russia’s Agency for Strategic Initiatives (ASI). “Our friends in India and [...]

The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak. Rallying for the third day running, the 30-share Sensex surged 499.42 points or 0.78 per cent to reach its all-time high [...]

In a major relief to cash-strapped Pakistan, the government and the IMF have reached a long-awaited staff-level agreement on a USD 3 billion “stand-by arrangement” to support the authorities’ immediate efforts to stabilise the economy from external shocks. Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure [...]

Benchmark equity indices hit their fresh all-time high levels in early trade on Friday, helped by foreign fund inflows and positive trends in the global markets. Buying in index major Infosys and HDFC Bank also helped markets maintain their winning momentum. Rallying for the third straight day, the 30-share BSE Sensex jumped 499.42 points to [...]

Benchmark equity indices hit their lifetime high levels on Wednesday, with the Sensex reaching the record 64,000-mark and the Nifty scaling the 19,000 level in intra-day trade, propelled by fresh foreign fund inflows and a rally in the US and European markets. Buying in market heavyweight stocks like Reliance Industries and HDFC Bank added to [...]

Cash-strapped Pakistan and the IMF are discussing a new short-term standby arrangement (SBA) worth about USD 2.5 billion to get the country through the political transition to the newly-elected government in the second quarter of the current fiscal year, according to a media report on Wednesday. Pakistan’s ninth review by the International Monetary Fund (IMF) [...]

Leading bourses BSE and National Stock Exchange (NSE) and money markets will remain closed on Thursday on account of Eid al-Adha also known as Bakrid. Earlier, the holiday was scheduled for June 28. The markets are now open on Wednesday. The change came after the Maharashtra government declared June 29 a public holiday as the [...]

Benchmark equity indices ended higher on Tuesday helped by buying in banking and financial counters, mainly HDFC twins, amid a mixed trend in the global markets. The 30-share BSE Sensex jumped 446.03 points or 0.71 per cent to settle at 63,416.03 points. During the day, it advanced 497.54 points or 0.79 per cent to 63,467.54 [...]

Benchmark equity indices Sensex and Nifty advanced in early trade on Tuesday helped by buying in index majors HDFC twins and Infosys amid a mixed trend in Asian markets. The 30-share BSE Sensex climbed 235.52 points to 63,205.52 in early trade. The NSE Nifty advanced 72.4 points to 18,763.60. From the Sensex pack, Tata Steel, [...]

Benchmark equity indices Sensex and Nifty closed on a mixed note in a volatile trade on Monday amid weak trends in the global markets. Selling in index heavyweight Reliance Industries and Tata Consultancy Services also played a spoilsport. In a lacklustre trading, the 30-share BSE Sensex dipped 9.37 points or 0.01 per cent to settle [...]

Around 81 per cent of people surveyed have faced issues around fee refund, trust, transparency and others from edtech platforms, according to online survey platform LocalCircles. The survey conducted between February 16 and June 15, 2023, found that 32 per cent of users have faced issues with BYJU'S, 10 per cent each with Unacademy and [...]

Pakistan's Parliament on Sunday approved the Rs 14.48 trillion budget for 2023-24 after new taxes were added to it as dictated by the IMF as a condition to release the remaining portion of an already agreed bailout package for the cash-strapped country. The budget aiming to achieve 3.5 per cent GDP growth was unveiled on [...]

Union Road Transport and Highways Minister Nitin Gadkari has said new vehicles will be introduced that run entirely on ethanol. Speaking at an event in Nagpur on Sunday, the minister recalled that he recently met the chairman of Mercedes Benz company which launched an electric vehicle. "He (the chairman) told me they would make electric [...]

Equity benchmark indices gained in early trade on Monday after falling in the previous two trading sessions, amid buying in index heavyweights ITC, ICICI Bank and Infosys. The 30-share BSE Sensex climbed 91.03 points to 63,070.40 points in early trade. The NSE Nifty advanced 39.30 points to 18,704.80 points. From the Sensex pack, ITC, Hindustan [...]