Business

April 15, 2025 6:14 PM April 15, 2025 6:14 PM

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Asian & European markets end in gain

Major Asian stocks edged up today. Singapore's Strait Times index surged over 2.1 per cent, South Korea's Kospi Index as well as Japan's Nikkei, both gained over 0.8 per cent each, Hong Kong's Hang Seng index added 0.23 per cent, and China's Shanghai Composite index rose slightly 0.15 per cent. Mean...

April 15, 2025 6:27 PM April 15, 2025 6:27 PM

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Oil prices down after IEA cuts demand

Oil prices inched down today after the International Energy Agency (IEA) slashed its oil demand forecast. Brent Crude was trading over 0.7 percent down at 64 dollars and 42 cents per barrel. WTI Crude was also trading over 0.7 per cent down at 61 dollars and seven cents per barrel, when reports last...

April 15, 2025 5:58 PM April 15, 2025 5:58 PM

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Rupee strong against US dollar by 28 paise

In the Forex market, the rupee today strengthened by 28 paise to close at 85 rupees and 77 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 99.85 in intra-day trade.

April 15, 2025 5:45 PM April 15, 2025 5:45 PM

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March retail Inflation falls to lowest since August 2019

India's retail inflation eased to 3.34 percent in March from 3.61 percent in February, driven by significant easing in food prices. According to data released by the Ministry of Statistics and Programme Implementation, it is the lowest year-on-year inflation after August, 2019. Meanwhile, inflation ...

April 15, 2025 4:39 PM April 15, 2025 4:39 PM

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Domestic markets end in green

The benchmark domestic equity indices today surged over two per cent amid positive global cues following temporary tariff relief on electronic goods by the US and hopes for additional tariff exemptions for auto sector. The 30-share index at the Bombay Stock Exchange, Sensex, surged 1,578 points to c...

April 14, 2025 8:16 AM April 14, 2025 8:16 AM

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FDI in pharma sector crosses 19 cr last fiscal

India's pharmaceuticals and medical devices sector has seen a FDI inflow to the tune of 11,888 crore rupees from April to December in the financial year ended on March 31, 2025. Apart from this, 13 FDI proposals worth 7,246.40 crore rupees for brownfield projects during 2024-25 have been approved, t...

April 13, 2025 5:44 PM April 13, 2025 5:44 PM

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Global Gold Prices Hit Record High Amid Trade War Tensions and Weakening US Dollar

Global gold prices surged to another record high last week following the escalating trade war tension and a weakening US dollar. Spot gold price in international markets jumped 6.4 percent this week to touch a new peak of 3,245 dollars per ounce on Friday. The US dollar rates came under massive sell...

April 13, 2025 9:20 AM April 13, 2025 9:20 AM

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India’s forex reserves surge by 10.8 billion US dollars to 676.26 billion dollars

India's foreign exchange reserves surged by 10.8 billion dollars, reaching over 676.2 billion dollars in the week ending April 4. According to the Weekly Statistical Supplement released by the Reserve Bank of India, during the last week, foreign currency assets, a major component of the reserves, we...

April 13, 2025 8:14 AM April 13, 2025 8:14 AM

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US announces to exempt smartphones, computers imported to country from latest tariffs

The US has announced to exempt smartphones and computers imported to the country from the latest tariffs. According to a US Customs and Border Protection notice, the smartphones and computers would be excluded from US President Donald Trump's 10 per cent global tariff on most countries, and the much...

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