Business

August 20, 2024 9:09 PM

EPFO Reports 7.86% Growth in Membership with 19.29 Lakh Net Additions in June

Employees' Provident Fund Organisation (EPFO) has added 19.29 lakh net members in June this year registering a growth of 7.86 percent in comparison to same month of the last year. Ministry of Labour and Employment said that the surge in membership can be attributed to numerous factors, including inc...

August 20, 2024 7:22 PM

Nikkei & Kospi Rise, Shanghai & Hang Seng Fall

In Asian market three out of five indices today logged gains. Japan's Nikkei-225 gained 1.77 percent, South Korea's Kospi increased 0.83 percent and Singapore's Straits Times index added 0.44 percent. Conversely, China's Shanghai Composite Index slipped 0.94 percent and Hong Kong's Hang Seng Index f...

August 20, 2024 7:18 PM

Brent Crude Up 0.1%, WTI Rises 0.07%

Oil prices steadied today after falling for two straight sessions amid geopolitical concerns. The global oil benchmark Brent crude was up by 0.1 percent, to 77 dollars and 74 cents per barrel. The U.S. West Texas Intermediate (WTI) is also trading up 0.07 percent to 74 dollars and 42 cents per barre...

August 20, 2024 7:07 PM

Sensex Rises 0.47% to 80,803; Nifty Up 0.51% to 24,699

Domestic Stock Indices, Sensex and Nifty registered a gain of around half a percent. At the closing bell, the BSE Sensex closed 378 points, or 0.47 percent higher at 80,803. the NSE Nifty also ended up by 126 points, or 0.51 percent, at 24,699. In the broader market at the BSE, the Mid-Cap Index ro...

August 20, 2024 6:55 PM

US Indices Rise on European Market Strength & Anticipation of Retail Earnings Reports

U.S. indices registered an upward trajectory yesterday, driven by a strong session in European markets and anticipation of earnings report from key US retailers. Major US markets were trading with gains. The Nasdaq Composite surged 1.39 per cent, the S&P 500 advanced 0.97 per cent and the Dow J...

August 20, 2024 5:35 PM

Indian Rupee Gains 8 Paise to Close at 83.79 Against US Dollar

In the Forex market today, the Indian rupee appreciated eight paise to close at 83 rupees and 79 paise against the U.S. dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was marginally down by 0.07 percent to deal at 101.81, in intra-da...

August 20, 2024 11:08 AM

Government wants Malaysia to invest in India’s oil & Gas sectors

Union Minister of Commerce and Industry Piyush Goyal underscored the significance of enhancing trade relations between India and Malaysia. During the India-Malaysia CEOs Forum in New Delhi, Mr. Goyal emphasized various opportunities for deepening collaboration that could bolster trade and business t...

August 20, 2024 6:52 AM

RBI issues strict guidelines protecting investors’ interest

The Reserve Bank of India (RBI) has announced stringent new guidelines aimed at curbing malpractices and protecting investor interests. The fresh regulations, effective immediately, prohibit P2P platforms from assuming credit risks, offering credit enhancements, or guarantees. This directive ensures...

August 19, 2024 9:43 PM

Three out of five indices in green in Asian market

In Asian market three out of five indices are in green today. Hong Kong's Hang Seng Index gained 0.79 percent, China's Shanghai Composite Index rose 0.49 percent and Singapore's Straits Times index added marginally by 0.08 percent. On the other side Japan's Nikkei-225 slid 1.8 percent and South Kore...