Business

July 16, 2024 9:13 PM

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Key domestic equity indices settle at record highs for consecutive 3rd session

Indian Equity Benchmark Indices Sensex and Nifty continuing to reach record breaking high since Friday, aided by Foreign Institutional Investors and the positive results from some of the Blue Chip Companies. In the broader market at the BSE, the Mid-Cap index down by 0.29 percent, while the Small-ca...

July 16, 2024 9:51 PM

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IMF raises India’s GDP forecast to 7% for current financial year

The International Monetary Fund (IMF) upgraded India’s economic growth forecast by 20 basis points (bps) to 7 per cent year-on-year basis for the current financial year 2024-25. Earlier also in April, IMF has raised GDP forecast of the country by 30 bps to 6.8 percent in its World Economic Outlook. ...

July 16, 2024 8:21 PM

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Budget 2024: FM Sitharaman marks final preparations with ‘Halwa’ ceremony

The final stage of the Budget preparation process for Union Budget 2024-25 commenced with the customary Halwa ceremony in the presence of Union Finance Minister Nirmala Sitharaman in New Delhi on Tuesday. The Halwa ceremony was also attended by Minister of State for Finance, Pankaj Chaudhary along w...

July 16, 2024 8:19 PM

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Prices of Chana, Tur, Urad in major mandis declined by 4% in past one month

Secretary, Department of Consumer Affairs Nidhi Khare has said that prices of Chana, Tur and Urad in major mandis had declined by up to four per cent in past one month. She said, however retail prices of these commodities have not seen similar decline. She pointed out the diverging trends between wh...

July 15, 2024 10:06 PM

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Market Update: Sensex & Nifty touch record highs 

Benchmark domestic equity indices, Sensex and Nifty, saw record highs today. The BSE Sensex gained 146 points, or 0.18 percent, to close at 80,665. The NSE Nifty advanced 85 points, or 0.35 percent, to close at 24,587. Vigorous foreign fund inflows helped indices to hit new peaks. Foreign institutio...

July 15, 2024 7:17 PM

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India’s June 2024 exports hit $65.47 Bn; June 2024 Imports reach $73.47 Bn

India’s total exports (Merchandise and Services) combined for June 2024 are estimated at 65.47 Billion US Dollars, registering a positive growth of 5.4 percent compared to the same period last year. As per the data released by the Ministry of Commerce and Industry today, Total Import, (Merchandise a...

July 14, 2024 5:30 PM

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Global gold prices rise for 3rd week in a row

Global gold prices rose for the third week in a row as investors grew confident that the US Federal Reserve was on track to lower interest rates soon. Gold prices rose 1 percent this week to end above the key 2,400 dollars per ounce at 2,420.70 dollars per ounce on Friday. Gold prices rallied to the...