Business

August 31, 2024 5:55 PM

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U.S. market: Dow ends at closing high for second consecutive week

U.S. markets rose as the Dow ended at an all-time closing high for the second consecutive week on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates next month.   The Dow Jones Industrial Average rose 0.6 pe...

August 30, 2024 8:28 PM

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NSO Reports 6.7% Real GDP Growth for April-June 2024 Quarter

The Indian economy has clocked a GDP growth of 6.7 per cent in the first quarter of the financial year 2024-25. Figures released by the Ministry of Statistics showed that the crucial manufacturing sector that provides quality jobs to the young workforce posted a 7 per cent growth, while the construc...

August 30, 2024 3:37 PM

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Sensex & Nifty Hit Record Highs

Domestic benchmark indices, Sensex and Nifty are trading positively at elevated levels after touching record highs in the intra-day trade today.   At 1:30 pm, the BSE Sensex advanced 284 points or 0.35 per cent to 82,419 and the Nifty50 was also trading up at 25,239 with a rise of 87 points or ...

August 29, 2024 10:30 PM

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Moody’s raises India’s 2024 GDP growth forecast to 7.2% in 2024

Moody's Ratings, the New-York based global rating agency has raised its real GDP growth projections for India today, indicating for a robust 7.2 percent growth in the financial year 2024, up from a previous estimate of 6.8 percent and 6.6 percent in 2025 from 6.4 percent.   Report said that the rais...

August 31, 2024 8:40 AM

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FICCI organizes first edition of Young Leader Awards in New Delhi

Federation of Indian Chambers of Commerce and Industry FICCI organized the first edition of the Young Leader Awards in New Delhi on Aug 29.  Addressing the event,  Union Youth Affairs Secretary Meeta Rajivlochan highlighted that the Ministry is working to encourage young people to engage in experien...

August 29, 2024 9:49 PM

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RBI issues warning against fraudulent activities involving misuse of its name

The Reserve Bank of India (RBI) has issued a warning against fraudulent activities involving the misuse of its name. The RBI stated that fraudsters employ various tactics, including fake letterheads and email addresses, impersonating RBI employees, and luring individuals with fictitious offers such ...

August 29, 2024 10:00 PM

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Fitch reaffirms India’s sovereign debt rating at ‘BBB-‘ with stable outlook

Fitch Ratings has reaffirmed India’s sovereign debt rating at 'BBB-' with a stable outlook. The global rating agency in its report released today has attributed to the country’s robust medium-term growth prospects and solid external finance position.     On the growth front, Fitch projected India’s ...

August 29, 2024 7:04 PM

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Market Update: Sensex up by 349 pts, Nifty50 gains 106 pts

India's equity benchmark indices, Sensex and Nifty ended on a positive note in a volatile trading session amid buying across various sectors including IT, Auto and FMCG. Meanwhile, in the intra-day trade, both the indices touched a record high. At close, pack of 30 companies, the Sensex was up 349 p...

August 29, 2024 2:06 PM

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Sensex and Nifty touches record high in intra day trade

Indian benchmark indices, Sensex and the Nifty touched a record high in the intra-day trade today. The positive uptick in both the indexes were primarily fueled by rally in IT and FMCG stocks. At 2 pm, the BSE Sensex was up 309 points or 0.38 percent at 82,095 while the Nifty50 was trading at 25,132...