Business

December 12, 2024 8:23 PM December 12, 2024 8:23 PM

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Nov retail inflation eases to 5.48%, down from 6.2%

India's retail inflation eased to 5.48 percent in November, down from 6.2 percent in the previous month of current fiscal year. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), inflation in rural areas stood at 5.95 percent compared to 4.83 percent in ur...

December 12, 2024 8:08 PM December 12, 2024 8:08 PM

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India’s industrial output grows 3.5% in October

India’s industrial output rose to 3.5 percent in October this year, standing at a three-month high, as per the data released by the Ministry of Statistics and Programme Implementation today. October marks the second consecutive month of rise in industrial output, after a slight contraction in August...

December 12, 2024 4:53 PM December 12, 2024 4:53 PM

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Sensex sheds 236 pts, Nifty-50 drops 93 pts to end at 24,549

Benchmark domestic equity indices today ended in negative territory. The 30-share BSE Sensex shed 236 points, or 0.29 per cent, to close at 81,290, and the NSE Nifty-50 dropped 93 points, or 0.38 percent, to end at 24,549.          The broader market indices at the Bombay Stock Exchange also logged ...

December 12, 2024 2:15 PM December 12, 2024 2:15 PM

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Sensex and Nifty Trade Marginally Lower in afternoon trade today

Benchmark domestic equity indices, Sensex and Nifty, were trading marginally lower in the afternoon trade today, dragged by FMCG, media and auto stocks. The 30-share BSE Sensex shed 171 points, to 81,355, and the NSE Nifty50 fell 63 points, to 24,579. Both the indices were trading over 0.2 percent d...

December 11, 2024 7:42 PM December 11, 2024 7:42 PM

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Oil prices rose over 1% today

Oil prices rose over one percent today, as market participants anticipated a rise in demand from top importer China following its latest plans to boost economic growth. Brent Crude was trading over 1.2 percent up at 73 dollars and six cents per barrel, and WTI Crude had gained 1.3 percent to trade a...

December 11, 2024 6:59 PM December 11, 2024 6:59 PM

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Rupee ended marginally up to settle at ₹84.84 against US dollar

In the Forex market, the rupee today ended marginally up to settle at 84 rupees and 84 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 106.7 in intraday trade.

December 11, 2024 5:29 PM December 11, 2024 5:29 PM

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Benchmark domestic equity indices ended with marginal gains

Benchmark domestic equity indices today ended with marginal gains. The 30-share BSE Sensex settled nearly flat, rising slightly by 16 points to close at 81,526, and the NSE Nifty-50 was up by 32 points, or 0.13 percent, to end at 24,642.   The broader market indices at the Bombay Stock Exchange...

December 11, 2024 12:32 PM December 11, 2024 12:32 PM

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Asian Development Bank approves grant of 25.45 million US dollars to Solomon Islands

The Asian Development Bank (ADB) approved a grant of 25.45 million US dollars to Solomon Islands today. The grant will help the island nation to develop sustainable, inclusive, and climate-resilient water supply and sanitation services in the greater Honiara area and in five other towns. The Urban W...

December 11, 2024 1:26 PM December 11, 2024 1:26 PM

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FM Nirmala Sitharaman emphasizes on need for govts and industries globally to work together to restore global calm

Finance Minister Nirmala Sitharaman today emphasized the need for governments and industries globally to work together to restore global calm. Addressing the gathering at the Opening Plenary Session of CII’s Global Economic Policy Forum in New Delhi, Ms Sitharaman highlighted that the global priorit...

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