Business

July 21, 2024 6:45 PM July 21, 2024 6:45 PM

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Gold prices rise for fourth week amid Fed rate cut expectations

Global gold prices rose for the fourth straight week on expectations that the Federal Reserve will cut interest rates in September. Gold gained nearly 1 percent this week to end at 2,446.80 ounce per dollar on Friday. Earlier, it hit an all-time high of 2,483.60 on Wednesday. However global Silver p...

July 21, 2024 8:21 AM July 21, 2024 8:21 AM

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FPIs infuse Rs 44,344 crore in stock markets this month so far

Foreign portfolio investors (FPI) continued the investment momentum in the stock markets in India, infusing around 44,344 crore rupees in equity and debt so far this month. According to the data with the depositories, FPIs have invested worth rupees 30,771 crore in equity and rupees 13,573 crore in ...

July 19, 2024 9:03 PM July 19, 2024 9:03 PM

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Kharif crop sowing crosses 704 lakh hectare

Kharif crops have been sown in over 704 lakh hectare till date as against 680 lakh hectare last year. Crop sowing data released by the Agriculture Ministry reveals that rice has been sown in over 166 lakh hectare, which is around 11 lakh hectare more than the last year. The Ministry said, over 85 la...

July 19, 2024 6:29 PM July 19, 2024 6:29 PM

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RBI reports minor disruptions from Microsoft outage affecting only 10 banks and NBFCs

In the wake of the Microsoft outage, the Reserve Bank of India said that it has made an assessment of the impact of this outage on its Regulated Entities, which shows that only 10 banks and NBFCs had minor disruptions which have either been resolved or are being resolved.   In a press release issued...

July 19, 2024 6:24 PM July 19, 2024 6:24 PM

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RBI Governor Shaktikanta Das urges banks to strengthen monitoring systems to combat fraud and mule accounts

The Reserve Bank of India (RBI) Governor Shaktikanta Das has asked the banks to be watchful of the lag between credit and deposit growth and advised that the former should not exceed the latter. The Governor also warned that the financial system can get exposed to "structural liquidity issues" due t...

July 19, 2024 7:38 PM July 19, 2024 7:38 PM

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Sensex drops 755 points, Nifty ends at 24,525

Indian benchmark indices, which initially surged to fresh record highs, gave up those gains soon and lost near one per cent at close, in the face of a global sell-off. In the broader market at the BSE, the Mid-Cap index down by 2.31 percent, while the Small-cap index fell 2.22 percent. 26 out of 30 ...

July 19, 2024 11:38 AM July 19, 2024 11:38 AM

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Sensex, Nifty decline after hitting fresh record high levels in opening trade

Equity benchmark indices hit their new record high levels in early trade today but failed to hold on to the gains and were later trading lower tracking weak trends from global markets.   The Sensex at the Bombay Stock Exchange hit its new all-time high of 81,588 in the initial trade but failed ...

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