Business

September 6, 2024 8:58 PM

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India’s equity benchmark indices extends losing streaks for 3rd session

India's equity benchmark indices extended their losing streaks for third straight session following the uncertainties before the US Fed meeting this month. In the early morning deals, domestic indices opened downside with Nifty50 touching an intra-day low of 24,081 and Sensex logging an intra-day lo...

September 6, 2024 12:06 PM

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Floods in Andhra Pradesh damaged crops in 1.8 lakh hectares: Shivraj Singh Chouhan

Union Agriculture Minister Shivraj Singh Chouhan has said that floods in Andhra Pradesh damaged crops in 1.8 lakh hectares and affected about 2 lakh farmers, as per initial estimates. He said the crops have suffered a lot of damage, especially flowers and turmeric. Mr Chouhan is on a two-day visit t...

September 5, 2024 9:18 PM

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Indian economy advances with financial stability: RBI Governor Shaktikanta Das

          Reserve Bank of India (RBI) Governor Shaktikanta Das affirmed that India's economic growth remains on track. He said that the central bank’s projection of a 7.2 percent GDP growth for FY25 is realistic. He was addressing the inaugural session of the Annual FIBAC 2024 Conference, jointly or...

September 5, 2024 7:10 PM

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Most of the Asian market ended in red

Three out of five Asian indices ended in negative territory. Japan's Nikkei plunged more than one percent, Korea's Kospi declined nearly half a percent and Hong Kong's Hang Seng Index fell 0.07 percent. Conversely, Singapore's Straits Times Index increased 0.5 percent and China's Shanghai Composite ...

September 4, 2024 6:31 PM

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India’s service sector growth surges to 5 month high in August: PMI

India's service sector activities surged to a five-month high in August due to resilient demand and easing inflationary pressures, according to the Services Purchasing Managers' Index (PMI) released today.   The index, compiled by S&P Global, highlighted that PMI numbers rose to 60.9 in Aug...

September 4, 2024 7:40 PM

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Sensex and Nifty recovers intra day lows, ends session with modest loss

India's equity benchmark indices, Sensex and Nifty recovered their intra-day lows, ending the session with modest loss today. The decline in the domestic indices can be attributed to the concerns about a potential slowdown in the U.S. economy.   At the closing bell, the Sensex, which is pack of...