Business

August 15, 2024 5:50 PM August 15, 2024 5:50 PM

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Markets Closed for Public Holiday  

Domestic markets were closed today on account of a public holiday. The markets will resume trading on Friday, August 16. Meanwhile, the markets ended marginally higher in the volatile session yesterday. The Sensex gained 149 points or 0.19 per cent to close at 79,105 yesterday. And the Nifty ended u...

August 14, 2024 8:12 PM August 14, 2024 8:12 PM

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India’s Merchandise Imports Rise to $57.48 Billion in July; Services Exports Up 8%

India's merchandise imports rose 7.4 percent year-on-year to 57.48 billion dollars in July this year as compared to 53.49 billion dollars in July last year. The services front, the export of services are estimated to be at 28.4 billion dollars in July this year up over 8 per cent year-year-year basi...

August 14, 2024 7:25 PM August 14, 2024 7:25 PM

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Mixed Trends Across Major Asian Indices; European Markets Continue Upward Momentum

The five major Asian indices experienced a mixed trend today. South Korea's Kospi increased 0.8 percent, Singapore's Straits Times index added 0.7 percent, and Japan's Nikkei gained 0.5 percent.   Conversely, Hong Kong's Hang Seng Index was down 0.35 percent, and China's Shanghai Composite Inde...

August 14, 2024 7:10 PM August 14, 2024 7:10 PM

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U.S. Indexes hit near two-week high

U.S. indexes closed up on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September. Major US markets were trading in green. The Dow Jones Industrial Average finished up 1.04 percent, the broad-based S&P 500...

August 14, 2024 7:10 PM August 14, 2024 7:10 PM

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Indian Rupee closes at ₹83.94 against US Dollar

In the Forex market today, the Indian rupee closed at ₹83.94 against the US dollar. The dollar index, which measures the US dollar's strength against a basket of six other leading currencies, was up by 0.02 percent at 102.58 in intraday trade.

August 14, 2024 7:09 PM August 14, 2024 7:09 PM

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Oil prices rise slightly amid U.S. inventory drop and Israel-Gaza tensions

Oil prices rose slightly on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies. In the global crude market, Brent Crude was trading 0.43 percent higher at 81...

August 14, 2024 5:35 PM August 14, 2024 5:35 PM

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Indian investors lead foreign business expansion in the Emirate

A recent analysis by the Dubai Chamber of Commerce reveals that Indian investors are at the forefront of foreign business expansion in the emirate, establishing 7,860 new companies during the first six months of 2024. This achievement places India at the top of the list for new non-Emirati companies...

August 13, 2024 7:47 PM August 13, 2024 7:47 PM

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Gold Up 0.08% at ₹70,910; Silver Down 0.82% at ₹81,260

In the Indian Bullion Market, 24 Karat Gold increased by 0.08 percent, and trading at 70,910 rupees at 6:40 this evening.   Silver 999 fine, decreased by 0.82 per cent, and traded at 81,260.

August 13, 2024 7:11 PM August 13, 2024 7:11 PM

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Global Crude Prices Slide: Brent at $81.85 and WTI at $79.79

In the global crude market Brent and WTI Crude trading weak. Brent crude slid more than half a per cent and traded at 81 dollars and 85 cents per barrel. The U.S. West Texas Intermediate (WTI) is down by 0.34 per cent, and trading at 79 dollars and 79 cents per barrel, when reports last came in. 

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