Business

January 24, 2025 8:28 PM January 24, 2025 8:28 PM

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India’s foreign exchange declines by 1.8 billion dollars till 17th Jan

India's foreign exchange reserves declined by 1.8 billion dollars to 623.98 billion dollars in the week ending January 17, the latest data released by the Reserve Bank of India (RBI) showed today. In the previous week, the country's forex reserves had dropped by 8.7 billion dollars in the week endin...

January 24, 2025 6:45 PM January 24, 2025 6:45 PM

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Oil prices up today but remained on track for a weekly decline

Oil prices rose today, but remained on track for a weekly decline after the US President Donald Trump announced plans to boost US production and demanded OPEC to lower prices. Brent Crude was trading over 0.4 percent up at 78 dollars and 62 cents per barrel, and WTI Crude also added over 0.3 percent...

January 24, 2025 6:03 PM January 24, 2025 6:03 PM

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Major Asian markets display mixed response

Major Asian indices displayed mixed trends today. Hong Kong's Hang Seng Index surged over 1.8 percent, South Korea's Kospi gained over 0.8 percent, and China's Shanghai Composite Index added almost 0.7 percent. Meanwhile, Japan's Nikkei as well as Singapore's Straits Times index ended nearly flat, w...

January 24, 2025 5:43 PM January 24, 2025 5:43 PM

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Sensex ends week’s last trading session with losses

  Benchmark domestic equity indices today ended the week's last trading session with losses, snapping its two-day gaining streak. The 30-share index at the Bombay Stock Exchange, Sensex, shed 330 points, or 0.43 per cent, to close at 76,190. Similarly, the National Stock Exchange Nifty-50 fell 113 p...

January 23, 2025 6:51 PM January 23, 2025 6:51 PM

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CPI-AL & CPI-RL remain unchanged for last month

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) remained unchanged at 1,320 and 1,331 points for December 2024 as compared to points for November 2024. According to the data released by the Ministry of Labour and Employment today, the CPI-AL and CP...

January 23, 2025 7:00 PM January 23, 2025 7:00 PM

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Rupee depreciates by 13 paise to settle at 86.46 against US dollar

In the Forex market, the rupee today depreciated by 13 paise to settle at 86 rupees and 46 paise against the US dollar due to the strengthening of the US currency and continuous outflow of foreign funds. The dollar index, which indicates the US dollar's strength against a basket of six other leading...

January 23, 2025 5:01 PM January 23, 2025 5:01 PM

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Innovator and Investor Summit in Dubai

  In Dubai, the Indian People Forum’s Business and Professional Council hosted the Innovator and Investor Summit, spotlighting three startups whose innovations celebrate India’s emerging role as a global hub of innovation and entrepreneurship. The summit brought together a dynamic network of Indian ...

January 23, 2025 4:04 PM January 23, 2025 4:04 PM

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Domestic market closes with modest gain

Benchmark domestic equity indices today ended with modest gains, led by the Information Technology and Consumer Durables sectors. The 30-share index at Bombay Stock Exchange, Sensex, rose 115 points to close at 76,520. Similarly, the National Stock Exchange Nifty-50 added 50 points to settle at 23,2...

January 23, 2025 9:08 AM January 23, 2025 9:08 AM

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EPFO Adds 14.63 Lakh Members in November 2024, Marks 9% Growth Over October

The Employees' Provident Fund Organisation (EPFO) added 14 lakh 63 thousand members during November last year. This represents an increase of 9.07 per cent in net members as compared to October 2024. The Ministry of Labour and Employment attributed this surge to growing employment opportunities, inc...

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