Business

April 4, 2025 6:05 PM

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US stocks registered biggest drop since COVID owing to fear of global recession

  US Stocks tumbled on Thursday, registering their biggest daily percentage drops since Covid pandemic in 2020 as US President Donald Trump's sweeping trade tariffs sparked fears of a global recession. The Nasdaq Composite Index led declines on Wall Street, plunging almost six percent, its largest d...

April 4, 2025 6:11 PM

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Major Asian markets ratlle by Trump’s announcement

Major Asian stocks extended their downward trend today rattled by Trump's tariffs announcement. Singapore's Strait Times index dropped three percent, Japan's Nikkei shed over 2.8 percent, and Korea's Kospi slipped more than 0.8 percent. Meanwhile, markets in Hong Kong and China were closed for Qingm...

April 4, 2025 6:00 PM

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Rupee becomes strong by 21 paise to close at 85.23 against US dollar

          In the Forex market, the rupee today strengthened by 21 paise to close at 85 rupees and 23 paise against the US dollar amid a fall in oil prices and the weakening of the American currency. The dollar index, which indicates the US dollar's strength against a basket of six other leading...

April 4, 2025 5:00 PM

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Stock market tumbles amid US tarrif jitters

          The benchmark domestic equity indices slumped more than one percent today, mirroring losses in global markets fuelled by US President Donald Trump’s tarrif jitters. The 30-share index at the Bombay Stock Exchange, Sensex, shed 931 points, or 1.22 per cent, to close at 75,365. The National ...

April 3, 2025 7:58 PM

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India examining implications of reciprocal tariffs imposed by US

India is carefully examining the implications of reciprocal tariffs imposed by the US. . The Ministry of Commerce and Industry in a statement today said that the Department is engaged with all stakeholders, including Indian industry and exporters, taking feedback of their assessment of the tariffs a...

April 2, 2025 9:04 PM

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Poonam Gupta new Deputy Governor of RBI

Ahead of the Reserve Bank’s Monetary Policy Committee meeting scheduled from 7th to 9th of this month, the government has approved the appointment of Poonam Gupta as the new Deputy Governor of the Reserve Bank of India. She will succeed Micheal Debabrata Patra, who demitted office in January this ye...

April 2, 2025 7:38 PM

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Oil prices down amid reciprocal tariff to be announced by US

Oil prices fell today as traders braced for reciprocal tariffs that US President Donald Trump is due to announce. Brent Crude was trading over half per cent down at 74 dollars and nine cents per barrel. WTI Crude was also trading almost half per cent down at 70 dollars and 86 cents per barrel, when ...

April 1, 2025 10:11 PM

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EPFO empanels 15 more banks expanding direct payments of collection

Employees' Provident Fund Organisation (EPFO) today expanded its Multi-Banking Centralised Collection System by empanelling 15 more banks, bringing the total to 32. Addressing the occasion in New Delhi, Union Minister for Labour and Employment Dr. Mansukh Mandaviya said that the country's progress t...