Business

September 23, 2024 7:27 PM

Asian Stocks Gain Following Rate Cuts in China and Japan

Major Asian stocks traded in positive territory today following rate-cut decisions made in China and Japan. China's Shanghai Composite Index increased nearly half a per cent and Singapore's Straits Times Index, as well as South Korea's Kospi, advanced over 0.3 per cent. However, Hong Kong's Hang Sen...

September 23, 2024 7:22 PM

Oil Prices Gain Amid Geopolitical Concerns and US Interest Rate Cut

Oil prices gained today amid geopolitical concerns and expectations that the US interest rate cut last week will support demand. In the global crude market, Brent crude was trading 0.3 per cent up at 74 dollars and 78 cents per barrel and the U.S. West Texas Intermediate (WTI) was also tradin...

September 23, 2024 7:19 PM

Indian Rupee Closes at 83.55 Against US Dollar

In the Forex market today, Indian rupee closed at 83 rupees 55 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 100.98 in intra-day trade.

September 23, 2024 5:50 PM

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

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 22, 2024 2:02 PM

FSSAI signs MoU with Brazil’s Ministry of Agriculture and Livestock in the area of food safety

The Food Safety and Standards Authority of India (FSSAI) has signed a Memorandum of Understanding (MoU) with the Ministry of Agriculture and Livestock (MAPA) of Brazil in the area of food safety. The MoU was signed yesterday by Agriculture and Livestock Minister, Brazil Carlos Henrique Baqueta Fávar...

September 21, 2024 6:50 PM

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

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

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 1:32 PM

Harmonization of food standards is critical to thrive globalized food trade: Anupriya Patel

Union Minister of State for Health and Family Welfare, Anupriya Patel has stressed that harmonization of food standards is critical to thrive globalized food trade. Addressing the Regional Conclave organized under the Global Food Regulators Summit 2024 in New Delhi today, Patel emphasized maintainin...

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