Business

September 15, 2024 5:43 PM

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Oil Prices Dip as Gulf Production Resumes Post-Hurricane Francine  

Oil prices fell as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count. As U.S. Gulf Coast production and refining activity resumes, investors have opted to offload oil contracts going into the weekend. Investors are lookin...

September 15, 2024 10:59 AM

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Fourth edition of Global Bio-India 2024 successfully concluded

The fourth edition of Global Bio-India 2024 successfully concluded after showcasing India’s biotech prowess. The three-day event was themed on the potential and opportunities in ‘Biotech Innovation’ and ‘Bio-manufacturing’ and their impact on the bio economy. In Global Bio India, the country's biote...

September 14, 2024 5:52 PM

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Domestic market jumps 2% in a volatile week

Erasing last week’s losses, domestic markets jumped 2 percent to hit a fresh record high in a volatile week, driven by positive global and domestic data. The Indian market rose on global rate-cut optimism, which provided an impetus worldwide. The European Central Bank lowered its deposit rate by 25 ...

September 13, 2024 9:25 PM

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Govt scraps minimum price threshold for onion exports

The government has scrapped the minimum price threshold for onion exports. In a notification, the Directorate General of Foreign Trade (DGFT) said that the Minimum Export Price condition on onions has been removed with immediate effect. Earlier, the government had set a minimum export price of 550 U...

September 13, 2024 8:45 PM

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India’s forex reserves hit record high of USD 689.24 Bn

India's foreign exchange reserves rose by 5.2 billion dollars to a record high of 689.24 billion dollars for the week ending August 30. According to data released by the Reserve Bank of India today, the Foreign Currency Assets (FCAs) increased by 5.10 billion dollars to 604.1 billion dollars.  ...

September 13, 2024 2:14 PM

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Sensex & Nifty Dip Slightly After Previous Rally

Domestic benchmark indices, Sensex and Nifty are trading low after registering a strong rally in the previous session. Both indices witnessed a marginal fall of around 0.1 per cent in the intra-day trade.   BSE Sensex was trading down 103 points to 82,860, and Nifty-50 was at 25,355 with a loss...

September 12, 2024 8:28 PM

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Index of Industrial Production witnesses growth of 4.8% in July

The Index of Industrial Production (IIP) witnessed a growth of 4.8 percent in July on an annual basis, compared to 4.7 percent in June, according to data released today by the Ministry of Statistics and Programme Implementation. The three major components of IIP are mining, which registered a growth...

September 12, 2024 7:28 PM

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Tech sector lifts US Stocks despite inflation concerns

All major US stocks settled higher yesterday with boost in technology sector, offsetting the increase in core inflation rate for August. The data released yesterday dashed hopes for a bigger interest rate cut by the Federal Reserve next week. Nasdaq Composite increased more than two percent, S&P...