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September 5, 2024 9:18 PM
Reserve Bank of India (RBI) Governor Shaktikanta Das affirmed that India's economic growth remains on track. He said that the central bank’s projection of a 7.2 percent GDP growth for FY25 is realistic. He was addressing the inaugural session of the Annual FIBAC 2024 Conference,...
September 5, 2024 7:10 PM
Three out of five Asian indices ended in negative territory. Japan's Nikkei plunged more than one percent, Korea's Kospi declined nearly half a percent and Hong Kong's Hang Seng Index fell 0.07 percent. Conversely, Singapore's Straits Times Index increased 0.5 percent and China's Shanghai Composite ...
September 5, 2024 10:13 AM
Union Textile Minister Giriraj Singh has said that India’s textile industry is expected to grow to 350 billion US dollars by 2030. He said it will add 3.5 crore jobs in the country. Addressing a Curtain Raiser event of Bharat Tex 2025 in New Delhi yesterday, Mr Singh expressed hope of India being ...
September 4, 2024 7:44 PM
In the Indian Bullion Market, the 24 Karat Gold was trading 170 rupees down at 71,680 rupees for 10 Grams. Silver 999 Fine, was also trading 510 rupees down at 84,900 rupees per one kilogram, when the reports last came in. At Multi Commodity Exchange, Gold and Silver prices were trading dow...
September 4, 2024 6:31 PM
India's service sector activities surged to a five-month high in August due to resilient demand and easing inflationary pressures, according to the Services Purchasing Managers' Index (PMI) released today. The index, compiled by S&P Global, highlighted that PMI numbers rose to 60.9 in A...
September 4, 2024 7:40 PM
India's equity benchmark indices, Sensex and Nifty recovered their intra-day lows, ending the session with modest loss today. The decline in the domestic indices can be attributed to the concerns about a potential slowdown in the U.S. economy. At the closing bell, the Sensex, which is pack ...
September 4, 2024 3:07 PM
Oil prices slipped today, extending a plunge of more than four percent the previous day and hovering at their lowest since December. Oil Prices are declining on expectations that a political dispute halting Libyan exports could be resolved and concerns over sluggish global demand. Brent cru...
September 3, 2024 6:12 PM
Four out of five major Asian indices today ended in negative territory. South Korea's Kospi declined 0.61 percent, China's Shanghai Composite Index slid 0.29 percent, Hong Kong's Hang Seng Index plunged 0.23 percent, and Japan's Nikkei was down by 0.04 percent. On the other side, Singapore's Straits...
September 3, 2024 6:09 PM
Oil prices declined today as sluggish economic growth in China accelerated demand concerns. In the global crude market, Brent crude was trading 2.22 percent down to trade at 75 dollars and eight cents per barrel. The U.S. West Texas Intermediate (WTI) was also trading 1.47 percent down at 7...
September 3, 2024 5:59 PM
In the Forex market today, Indian rupee declined 5 paise to end at 83 rupees and 96 paise against the US dollar tracking a strong dollar performance against major currencies overseas and a sluggish trend in domestic equities. The dollar index, which indicates US dollar's strength against a ...
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