Business

November 17, 2024 12:59 PM

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Reserve Bank of India’s customer care service received bomb threat

The customer care service of the Reserve Bank of India (RBI) received a bomb threat, with the caller claiming to be the CEO of the terror group Lashkar-e-Taiba. The threat, which was promptly reported to the authorities, has been deemed a hoax by the Mumbai Police, who have registered a case and are...

November 14, 2024 5:59 PM

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Inflation rises in October due to higher prices of commodities

India’s wholesale price index (WPI)-based inflation for October escalated to 2.36 per cent on an annual basis, showed the data released by the Ministry of Commerce & Industry, today. In September, WPI inflation was at 1.84 per cent and in August inflation was at 1.25 per cent. The rise in inflat...

November 14, 2024 5:54 PM

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 Rupee slips to its weakest closing level

In the Forex market, the Indian rupee slipped to its weakest closing level today but fared better than its regional peers. The local currency closed at 84.39 against the U.S. dollar, down marginally from its close in the previous session. The dollar index, which indicates the US dollar's strength ag...

November 14, 2024 5:52 PM

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Sensex, Nifty down for 6th consecutive session

Domestic benchmark indices, Nifty and Sensex, ended lower for the sixth consecutive session today. Despite a positive start, Indian markets were unable to hold their early gains due to pressure from weak global trends, a rising dollar index, and continued foreign investor selling. At close, the Sens...

November 14, 2024 5:49 PM

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Asian markets show mix response , European markets trading in green territory

  Major Asian indices saw mixed trading today. Hong Kong's Hang Seng tumbled 0.24 percent, China's Shanghai Composite Index fell 1.76 percent and Japan's Nikkei was 0.48 percent down.  Meanwhile, Singapore's Straits Times index added 0.48 percent and Korea's Kospi gained marginally. Major European i...

November 14, 2024 5:46 PM

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Oil prices recovered after early loss

     Oil prices slipped in early trade today, reversing most of the previous session's gains due to a stronger dollar and concerns over higher global output amid slow demand growth forecasts. However, crude prices recovered later in the day. Brent crude futures gained 0.48 percent to trade at 72 dol...

November 13, 2024 7:49 PM

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US stocks see modest gains as investors await key economic data

US stocks were muted yesterday as investors were awaiting the key economic data such as inflation and retail sales due later in the week. The Dow Jones Industrial Average rose 0.24 per cent, the S&P 500 gained 0.1 per cent and the Nasdaq Composite gained 0.05 per cent.

November 13, 2024 6:12 PM

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Mixed trading across major Asian, European indices

Major Asian indices saw mixed trading today. South Korea's Kospi dropped over two and a half per cent, Japan's Nikkei was 1.69 per cent down and Hong Kong's Hang Seng fell 0.24 per cent. Meanwhile, China's Shanghai Composite Index gained 0.5 percent and Singapore's Straits Times index added 0.24 per...

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