Business

June 9, 2025 1:56 PM June 9, 2025 1:56 PM

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Indian markets rally half a percent in afternoon trade following RBI’s surprise 50 basis point rate cut

The Benchmark domestic equity indices, Sensex and Nifty, were trading higher in afternoon trade today, supported by favourable global signals. The 30-share index at the Bombay Stock Exchange, Sensex, was up 298 points at 82,487, and the National Stock Exchange’s Nifty50 was up 106 points at 25,109, ...

June 6, 2025 7:56 PM June 6, 2025 7:56 PM

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Gold prices marginally down, Silver up by around 1%

In the Indian Bullion Market, 24 Karat Gold was trading down marginally at 97,930 rupees per 10 grams, while Silver 999 Fine was trading around one per cent up at 1,05,890 rupees per kilogram a short while ago. At the Multi Commodity Exchange, gold for the June contract was trading down at 97,874 ru...

June 6, 2025 6:16 PM June 6, 2025 6:16 PM

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Commerce Minister Piyush Goyal terms India’s FDI journey as truly transformational

Commerce and Industry Minister Piyush Goyal termed India’s foreign direct investment (FDI) journey as truly transformational. He was speaking at an investor roundtable through a video message. The Minister emphasized that India’s FDI success story is not only about impressive numbers but also a refl...

June 6, 2025 5:57 PM June 6, 2025 5:57 PM

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Rupee appreciates by 16 paise to close at Rs 85.64 against US dollar

  At the Forex market, the rupee today appreciated by 16 paise to close at 85 rupees and 64 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 98.99 in intra-day trade.

June 6, 2025 5:44 PM June 6, 2025 5:44 PM

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US stock markets show downward trend

On the eve of the all-important jobs data, there was a downward trend in US stock markets. Dow Jones Industrial Average shed 0.25 per cent. S&P 500 fell 0.53 per cent and Nasdaq Composite closed 0.83 percent down. Tesla sank 14 per cent as Trump proposed ending Musk's government contracts and su...

June 6, 2025 5:33 PM June 6, 2025 5:33 PM

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Most Asian markets end with gians, European markets trading mixed

 Most Asian Markets today ended with gains. Barring Hong Kong's Hang Seng index, which fell 0.48 per cent all other major asian markets ended in the positive territory. South Korea's KOSPI index surged 1.49 per cent. Japan’s Nikkei 225 index gained 0.5 per cent, Singapore's Straits Times index settl...

June 6, 2025 5:59 PM June 6, 2025 5:59 PM

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Domestic markets end the week with rise of nearly 1%

Benchmark domestic equity indices ended the week on a firm note rising nearly one percent. Market sentiment was boosted by a more than expected 50 basis points cut in repo rate and a 100 basis points cut in the Cash Reserve Ratio by RBI in it monetary policy. This easing of monetary policy to boost ...

June 6, 2025 4:47 PM June 6, 2025 4:47 PM

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SEBI attaches Mehul Choksi’s bank, demat, and MF accounts to recover  over 2cr dues

The Securities and Exchange Board of India (SEBI) has ordered the attachment of fugitive​ businessman Mehul Choksi’s bank accounts, mutual funds and shares​ to recover over​ two crore rupees. The amount is related to a penalty imposed on him for violating insider trading rules in the shares of Gitan...

June 6, 2025 3:52 PM June 6, 2025 3:52 PM

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RBI cuts repo rate to 5.5%, shifts policy stance to neutral

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) today decided to reduce the policy repo rate by 50 basis points (bps) to 5.5 per cent. Consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) shall stand adjusted to 5.25 per cent and...

June 6, 2025 12:16 PM June 6, 2025 12:16 PM

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Tesla shares see stark slump, wiping out nearly $150 billion

Shares of Tesla have seen a stark slump amid a public feud between President Trump and Elon Musk. At the Nasdaq exchange, Tesla's shares wiped out nearly 150 billion dollars from its market cap, its biggest single-day loss in value ever.   The rift between the two originated after President Tru...

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