Business

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...

September 4, 2024 3:07 PM

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Oil prices extends plunge of 4%

Oil prices slipped today, extending a plunge of more than four percent the previous day and hovering at their lowest since December. Oil Prices are declining on expectations that a political dispute halting Libyan exports could be resolved and concerns over sluggish global demand.   Brent crude...

September 3, 2024 6:12 PM

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4 out of 5 Asian indices ends in negative territory

Four out of five major Asian indices today ended in negative territory. South Korea's Kospi declined 0.61 percent, China's Shanghai Composite Index slid 0.29 percent, Hong Kong's Hang Seng Index plunged 0.23 percent, and Japan's Nikkei was down by 0.04 percent. On the other side, Singapore's Straits...

September 3, 2024 6:09 PM

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Oil prices fall as China’s economy slowdown

Oil prices declined today as sluggish economic growth in China accelerated demand concerns.   In the global crude market, Brent crude was trading 2.22 percent down to trade at 75 dollars and eight cents per barrel. The U.S. West Texas Intermediate (WTI) was also trading 1.47 percent down at 72 ...