Asian Markets Show Mixed Trend; European Indices Surge Over 1%

January 17, 2025 6:46 PM January 17, 2025 6:46 PM

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Asian Markets Show Mixed Trend; European Indices Surge Over 1%

Major Asian indices displayed mixed trends today. Hong Kong's Hang Seng Index gained 0.31 percent, Singapore's Straits Times Index added 0.25 percent, and China's Shanghai Composite Index gained 0.18 percent. Meanwhile, Japan's Nikkei ended down over 0.3 percent, and South Korea's Kospi fell 0.16 pe...

India’s Forex Reserves decline by $8.7 Billion to $625.87 Billion, RBI Data Reveals

January 17, 2025 6:44 PM January 17, 2025 6:44 PM

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India’s Forex Reserves decline by $8.7 Billion to $625.87 Billion, RBI Data Reveals

India's foreign exchange reserves declined by 8.7 billion dollars to 625.87 billion dollars in the week ending January 10, 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 5.6 billion dollars for the week endi...

Govt Amends Cable TV Rules: Online LCO Registration with 5-Year Validity Starts Today

January 17, 2025 6:36 PM January 17, 2025 6:36 PM

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Govt Amends Cable TV Rules: Online LCO Registration with 5-Year Validity Starts Today

The Ministry of Information and Broadcasting has today issued a notification amending the Cable Television Network Rules, 1994, to streamline the local cable operator registration process. The registrations of local cable operators (LCO) will be conducted entirely online from today.   The ministry s...

US Stocks Slip as Investors focus on corporate earnings

January 17, 2025 6:34 PM January 17, 2025 6:34 PM

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US Stocks Slip as Investors focus on corporate earnings

US stocks fell yesterday, as investors focused on corporate earnings and a gauge set of macroeconomic data, including strong retail sales numbers in December and a more than-expected increase in the jobless claims for the previous week, which largely remained at levels consistent with a healthy labo...

Rupee Slips 6 Paise to ₹86.61 Against Dollar; Dollar Index at 109

January 17, 2025 6:31 PM January 17, 2025 6:31 PM

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Rupee Slips 6 Paise to ₹86.61 Against Dollar; Dollar Index at 109

In the Forex market, the rupee today fell by 6 paise to settle at 86 rupees and 61 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 in intra-day trade.

Centre Ensures Stable Food Prices: Pulses, Onion, and Potato Production Set to Rise

January 17, 2025 6:28 PM January 17, 2025 6:28 PM

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Centre Ensures Stable Food Prices: Pulses, Onion, and Potato Production Set to Rise

The Centre is closely monitoring the prices and availability of essential food commodities to ensure affordability for consumers and to maintain stable prices. The Ministry of Consumer Affairs, Food and Public Distribution said that several measures have been taken by the government, such as incenti...

Indonesia: 5 Bodies Recovered, 14 Missing following Shopping Mall Fire in Jakarta

January 17, 2025 6:40 PM January 17, 2025 6:40 PM

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Indonesia: 5 Bodies Recovered, 14 Missing following Shopping Mall Fire in Jakarta

In Indonesia, five bodies were recovered today from a fire that broke out at a shopping mall in the western part of Jakarta on Wednesday evening. West Jakarta Fire and Rescue Agency chief Syarifudin told reporters that these bodies were found on the eighth floor. He said all victims were unable to b...