Business

May 15, 2024 8:10 PM

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3rd Session of India-Zimbabwe Joint Trade Committee held in New Delhi

India and Zimbabwe have agreed to explore cooperation in digital transformation solutions, tele-medicines, rough diamonds, fast payment systems and traditional medicine. During the third session of India-Zimbabwe Joint Trade Committee held in New Delhi, both sides reviewed the bilateral trade and ex...

May 15, 2024 8:03 PM

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Unemployment rate in urban areas dips to 6.7% in March quarter: Govt survey

Unemployment rate in urban areas for persons aged 15 and above has decreased to 6.7 per cent during the previous quarter January to March 2024. The unemployment rate was 6.8 per cent during the corresponding period of last year. According to the Periodic Labour Force Survey quarterly bulletin (Janua...

May 14, 2024 7:08 PM

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Sensex and Nifty Extend Gains, Sensex Up 328 Points, Nifty Rises 114 Points

Indian stock market benchmarks, the Sensex and the Nifty 50, ended in positive territory for the third consecutive session amid mixed global cues.   At close, the 30-share BSE benchmark Sensex inches 328 points or 0.45 percent higher, settling at 73,105. Meanwhile, NSE Nifty witnessed a gain of...

May 14, 2024 6:18 PM

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Asian and European Stock Markets Close Mixed Today

Key Asian stocks ended mixed today. Japan's Nikkei-225 jumped 0.46 percent, Singapore's Straits Times Index added 0.29 percent and South Korea's Kospi was marginally up by 0.11 percent. Whereas, Hong Kong's Hang Seng Index slipped 0.22 percent and China's Shanghai Composite fell 0.07 percent.  ...

May 14, 2024 5:32 PM

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Rupee Closes at 83.51 Against US Dollar; Dollar Index at 105.19

  In the forex market, the rupee closed at 83 rupees and 51 paise against the US dollar today. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies was down at 105.19 in intra-day trade    

May 14, 2024 12:04 PM

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India’s domestic coal stock surge by 26% this year to reach 149 million tonnes

India's domestic coal stock has surged by 26 percent this year to reach 149 million tonnes. Coal Minister Pralhad Joshi in a social media post informed that the country's production grew by 7.31 percent in April. He also said that the dispatch to power sector has increased by 5.43 percent Year-on-Ye...

May 11, 2024 5:50 PM

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Gold prices slip marginally in futures market on Saturday

Gold prices slipped marginally in the futures market on Saturday. The precious metal was lower by 5 rupees or 0.1 per cent, trading at 72,722 rupees per ten grams. However, Silver futures for July contracts were up by 74 rupees or 0.9 per cent, trading at 84,984 rupees per kilogram, when the reports...

May 11, 2024 4:58 PM

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Foreign portfolio investors sell over Rs 17,000 cr of equities in May

Foreign portfolio investors (FPIs) have been on a selling spree in May, offloading over Rs 17,000 crore worth of Indian equities. This trend has been influenced by the rise in US bond yields and the stronger performance of Chinese and Hong Kong markets. According to the data provided by National Sec...

May 11, 2024 4:14 PM

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India’s factory output rises to 4.9% in March, grows 5.8% in FY24

Factory output, as measured by the Index of Industrial Production (IIP), rose to 4.9 per cent, much higher than the 1.9 per cent recorded in the same month last year. However, the latest IIP figure was lower than the 5.7 per cent recorded in February 2024. For the full financial year 2023-24, the fa...

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