Business

January 21, 2025 7:11 PM

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Oil Prices Fall as Trump Delays Tariffs

Oil prices declined today, as investors assessed US President Donald Trump's plans to apply new tariffs later than expected and his promise of filling up strategic reserves and exporting American energy all over the world. Brent Crude was trading over one and a half percent down at 78 dollars and 83...

January 21, 2025 7:21 PM

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Indian Markets Plunge as Sensex Drops 1,235 Points

Benchmark domestic equity indices plunged today amid a sell-off across all sectors, triggered by global and domestic factors. US President Donald Trump’s tariff threats targeting BRICS nations, weak third-quarter earnings, and persistent foreign institutional investor selling weighed on the markets....

January 21, 2025 4:20 PM

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Sensex Sinks 1,235 Points, Nifty Falls 320 Amid Global & Domestic Sell-Off

Benchmark domestic equity indices today ended lower amid a sell-off across all sectors, triggered by global and domestic factors. US President Donald Trump’s tariff threats targeting BRICS nations, weak third-quarter earnings, and persistent foreign institutional investor selling weighed on the mark...

January 21, 2025 11:49 AM

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Agriculture is sector of future: Chief Economic Adviser

Chief Economic Adviser Dr. V. Anantha Nageswaran has stated that agriculture is the sector of the future. Speaking at the EXIM Bank annual citation event in New Delhi, he emphasized the importance of reallocating land to sectors within agriculture that are performing well. Dr Nageswaran also highlig...

January 20, 2025 7:33 PM

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Major Asian markets display a mixed trends

Major Asian indices displayed mixed trends today. Hong Kong's Hang Seng Index surged over 1.7 percent, Japan's Nikkei gained over one percent, and China's Shanghai Composite Index was marginally up by 0.08 percent. Meanwhile, South Korea's Kospi fell 0.14 percent, and Singapore's Straits Times index...

January 20, 2025 7:31 PM

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India becomes 7th largest producer in the world

India is now the seventh-largest coffee producer globally, with exports reaching 1.29 billion dollars in the last financial year. The Commerce and Industry Ministry said in a release that this is nearly double the 719 million dollars worth of exports in 2020-21. The Ministry also highlighted that in...

January 20, 2025 6:56 PM

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Trump’s inauguration impacts Oil prices

Oil prices displayed mixed trend today, as traders awaited US President-elect Donald Trump's inauguration, hoping for clarity on his policy agenda, including plans to end the Russia-Ukraine war. Brent Crude was trading over 0.1 percent down at 80 dollars and 70 cents per barrel, while WTI Crude was ...

January 20, 2025 6:09 PM

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WEF President Brende predicts 7-8 % GDP growth for India with the help of reforms

  World Economic Forum President and CEO Børge Brende forecast a 7 to 8 percent GDP growth for India on the back of higher investments driven by economic reforms.  Talking to an Indian television channel in Switzerland’s Davos during  55th World Economic Forum (WEF) Annual Meeting, Brende said, Indi...

January 20, 2025 5:57 PM

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Rupee appreciates to settle at 86.56 against US dollar

In the Forex market, the rupee today appreciated by 5 paise to settle at 86 rupees and 56 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 109.02 in intra-day trade.