Business

August 28, 2024 3:52 PM

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India’s Pharma Sector to Touch $130 Billion by 2030: Jitin Prasada

Union Minister of State for Commerce and Industry, Jitin Prasada has stressed that the country's pharmaceutical sector will touch the 130 billion US dollar mark by 2030, which is currently at around 55 billion US dollars. Mr Prasad inaugurated the 10th International Pharmaceutical Exhibition IPHEX a...

August 27, 2024 5:46 PM

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Oil Prices Slip Amid West Asia Conflict Concerns

Oil prices slipped slightly today oversupply concerns prompted by fears of widening West Asia conflict. In the global crude market, Brent crude was trading 0.52 per cent down to trade around 81 dollars per barrel. The U.S. West Texas Intermediate (WTI) is also trading 0.53 per cent down at around 74...

August 27, 2024 5:19 PM

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Asian Markets: Nikkei, Hang Seng & Straits Times Gain

Three out of five major Asian indices ended with gains. Japan's Nikkei rose 0.47 percent, Hong Kong's Hang Seng Index gained 0.42 percent and Singapore's Straits Times index added 0.07 percent. Conversely, South Korea's Kospi declined 0.33 per cent and China's Shanghai Composite Index shed 0.24 per ...

August 27, 2024 4:55 PM

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Indian Rupee Falls to 83.92 per Dollar

In the Forex market today, the Indian rupee depreciated marginally to close at 83 rupees and 92 paise against the U.S. dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading down by 0.03 per cent at 100.82 in intra-day t...

August 26, 2024 6:30 PM

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Crude Oil Prices Surge Nearly 3%

Crude oil prices gained close to three per cent today on renewed concerns that an escalating Gaza conflict could disrupt regional oil supplies, extending gains from Friday when the prospect of US interest rate cuts lifted the global economic and fuel demand outlook.   The global oil benchmark B...

August 26, 2024 5:47 PM

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Asian Markets: Hang Seng & Straits Times Rise, Nikkei & Kospi Fall

In the Asian market, three out of five indices are in green today. Hong Kong's Hang Seng Index was up 1.05 per cent, Singapore's Straits Times index increased 0.24 per cent and China's Shanghai Composite Index marginally added 0.04 per cent. Conversely, Japan's Nikkei-225 slipped 0.67 per cent and S...

August 26, 2024 4:24 PM

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Indian Rupee Closes at 83.90 per USD; Dollar Index Dips 0.01% to 100.70

In the Forex market today, the Indian rupee closes at 83 rupees and 90 paise against the U.S. dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is down by 0.01 per cent, at 100.70 in intra-day trade.

August 26, 2024 5:22 PM

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Indian Equity Indices Surge: Nifty Hits 25,000 as Sensex Rises 611 Points

Indian equity indices ended on a strong note with Nifty at the 25,000 level today. At the closing bell, the BSE Sensex closed 611 points or 0.75 per cent higher at 81,698. The NSE Nifty up by 187 points or 0.76 per cent to close at 25,010.   All the sectoral indices ended in the green.    ...

August 26, 2024 11:37 AM

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Sensex climbs 312 points, Nifty rallies 94 points to 24,917

Domestic benchmark indices today opened the week on a higher note, following a rally in the US peers and foreign fund inflows.   Markets began the trade on an positive note after US Federal Reserve Chairman Jerome Powell's speech indicated possible rate cuts by the US central bank in September....