Business

September 23, 2024 5:50 PM September 23, 2024 5:50 PM

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India’s Benchmark Indices Reach New All-Time Highs

India's domestic benchmark indices soared to new lifetime highs in today's trade amid strong global cues. Sensex touched a new high of 84,980 before settling above 84,900 and the Nifty also hit a record high of 25,956 before closing the trade with over half a per cent gain.   At close, the Sens...

September 23, 2024 7:17 AM September 23, 2024 7:17 AM

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Foreign investors invest about ₹34,000 cr in Indian equity markets

Foreign investors pumped nearly 34,000 crore rupees into the Indian equities markets so far in September this year. As per the depositories data, foreign portfolio investors, or FPIs, invested 33,691 crore rupees into equity markets but pulled out 245 crore rupees from the debt markets, taking the t...

September 21, 2024 6:50 PM September 21, 2024 6:50 PM

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Oil Prices Dip but Secure Second Weekly Gain

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.   Brent futures settled down 0.5 percent at 74 dollars and 49 cents per barrel. U.S. WTI crude futures settled down 0.4 percent to 71 dollar...

September 21, 2024 6:42 PM September 21, 2024 6:42 PM

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US Stocks Flat After Fed-Driven Rally

U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fuelled by an upsized interest rate cut by the Federal Reserve, while Nike's gains helped nudge the Dow to a record high.   After notching their biggest daily percentage ...

September 21, 2024 6:34 PM September 21, 2024 6:34 PM

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Sensex, Nifty Hit Record Highs as US Fed Rate Cut Boosts Markets

In the volatile week ended on September 20, the broader indices rallied to a fresh all-time high following a more than anticipated interest rate cut by the US Fed. However, for the week, BSE Mid and Small-cap indices ended on a flat note, while the Large-cap index rose 1.5 percent.   In the wee...

September 21, 2024 12:06 PM September 21, 2024 12:06 PM

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Principal Secretary to PM Dr PK Mishra advocated for strategic vision to expand insurance coverage across diverse sectors and entities

Principal Secretary to the Prime Minister, Dr PK Mishra, has advocated for a strategic vision to expand insurance coverage across diverse sectors and entities. Addressing the National Disaster Management Authority’s (NDMA) workshop in New Delhi yesterday, Dr. Mishra expressed concern about the incre...

September 21, 2024 9:29 AM September 21, 2024 9:29 AM

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Digital payment transaction volume grew to nearly 19,000 in FY 2023-24 

The Ministry of Finance has said that the digital payment transaction volume grew to nearly 19 thousand crore in the Financial Year 2023-24 compared to over 2,000 crore in the Financial Year 2017-18. The volume of the Unified Payments Interface (UPI) transactions also increased by more than 13 thous...

September 20, 2024 10:06 PM September 20, 2024 10:06 PM

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Enhanced insurance coverage for MSME exporters will boost exports

The Department of Commerce has focused on empowering exporters, streamlining processes, and promoting economic growth through innovative solutions during the first 100 days of the third term of the NDA government. The Ministry of Commerce and Industry, in a statement, said that during this period, s...

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