Business

January 13, 2025 5:38 PM

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Rupee closes at 86.58 against US dollar

In the Forex market, the rupee today plunged by 61 paise to settle at 86 rupees and 58 paise against the US dollar due to the strengthening of the US currency. The rupee remained under pressure also due to multiple factors including losses in the domestic stocks, stronger than expected US job growth...

January 13, 2025 5:16 PM

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Retail inflation eased to four four-month low of 5.22 percent in December

India's retail inflation eased to four four-month low of 5.22 percent in December, down from 5.48 percent in the previous month of the current fiscal year, as the rate of increase in food prices slowed. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), in...

January 13, 2025 4:55 PM

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Sharjah: Over 35 Indian Companies showcase innovation at SteelFab Expo 

  The highly anticipated SteelFab Expo 2025 began at the Expo Centre Sharjah, featuring the largest-ever Indian participation with over 35 companies under the Confederation of Indian Industry India Pavilion. This milestone highlights India's growing prominence in the global metalworking and fabricat...

January 13, 2025 4:14 PM

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Sensex, Nifty-50 shed points during closing

Benchmark domestic equity indices today ended lower in line with global markets. The 30-share index at the Bombay Stock Exchange, Sensex, tanked 1049 points, or 1.36 percent, to close at 76,330. Similarly, Nifty-50 at the National Stock Exchange shed 345 points, or 1.47 percent, to settle at 23,086....

January 11, 2025 7:13 PM

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US market decline, S&P 500 Slips into the Red

US markets declined yesterday, with the S&P 500 erasing its 2025 gains after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year. The Dow Jones Industrial Average fell 697 points, or 1.6%, to 41,938. T...

January 11, 2025 6:45 PM

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Oil Prices Hit 3-Month High on US Sanctions

Global crude oil prices rose for the third straight week to a three-month high as traders braced for supply disruptions from the US sanctions against Russia. Brent crude oil futures jumped 3.7 percent this week to end at 79.76 dollars a barrel, after crossing 80 dollars a barrel for the first time s...

January 11, 2025 6:42 PM

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Sensex-Nifty Post Biggest Weekly Fall in 2 Months Amid Fed Rate Uncertainty

Snapping a two-week rising streak, domestic markets posted the biggest weekly fall in the last 2 months amid mixed global markets ahead of uncertainty around US Federal Reserve rate plans going ahead. The Sensex at the Bombay Stock Exchange shed 1844 points, or 2.3 percent, during the week, to end a...

January 10, 2025 6:38 PM

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Startups growing fast even in tier 2 and tier 3 cities

Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia, today said that the country’s start-up ecosystem has seen robust growth in the past nine years with more than 1.5 lakh registered start-ups under the department. Briefing the media in New Delhi, ...

January 10, 2025 6:36 PM

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Major Asian markets end low  

  Major Asian indices today ended lower. Singapore's Straits Times index tanked over one and a half percent, China's Shanghai Composite Index fell over 1.3 percent, Japan's Nikkei slipped over one percent, Hong Kong's Hang Seng Index dropped over 0.9 percent, and South Korea's Kospi ended 0.24 perce...

January 10, 2025 6:34 PM

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Rupee down by 11 paise against US dollar

  In the Forex market, the rupee today fell by 11 paise to settle at its weakest level of 85 rupees and 97 paise against the US dollar due to the strengthening of the US currency. The rupee remained under pressure also due to outflow of foreign capital, surge in crude oil prices and rising US treasu...

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