Business

October 12, 2024 5:56 PM

views 90

S&P 500, Dow hit record highs

On Wall Street, the S&P 500 and the Dow ended at record highs yesterday, with big boosts from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November.   Major financial companies kicked...

October 11, 2024 8:35 PM

views 82

India’s industrial production contracts 0.1 per cent in August 2024

The Index of Industrial Production (IIP) in India witnessed a contraction of 0.1 percent in August which was 4.7 percent in the month of July, as per data released by the Ministry of Statistics and Programme Implementation on Friday. The estimates of IIP for August 2024 stood at 145.6 in comparison ...

October 11, 2024 4:35 PM

views 69

Sensex declines 230 points, Nifty settles at 24,964

Domestic benchmark indices ended lower in a range-bound trading session on Friday. The Sensex declined 230 points, or 0.2 percent, to close at 81,381 and the Nifty ended with marginal loss of 34 points, or 0.1 percent, to settle at 24,964.   In the Global Crude Market, Brent Crude was trading 0.77 p...

October 11, 2024 1:45 PM

views 75

Mahadev Betting App promoter Sourabh Chandrakar arrested by authorities in Dubai

Sourabh Chandrakar, one of the main promoters of the Mahadev Betting App, was arrested by authorities in Dubai today. Chandrakar, the alleged kingpin of the Mahadev betting app scam, was arrested following a Red Corner Notice issued by the Enforcement Directorate last year. According to the sources,...

October 10, 2024 6:06 PM

views 102

Indian rupee closes marginally lower at 83.97 against US dollar

In the Forex market today, the Indian rupee ended marginally lower at 83 rupees 97 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 102.91 in intra-day trade.