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July 13, 2023 8:23 PM
Asian and European markets advanced following overnight gains in Wall Street equities after the U.S. consumer price index for June logged the smallest rise in over two years. Hong Kong's Hang Seng surged two and a half percent, Singapore's Straits Times index gained two percent,...
July 13, 2023 8:19 PM
US stocks ended higher yesterday after inflation and economic data sparked hopes that the Federal Reserve may go for fewer interest rate hikes. The Nasdaq Composite climbed 1.2 percent, the S&P 500 index gained 0.7 percent and the Dow Jones Industrial Average rose 0.3 percent....
July 12, 2023 7:09 PM
The Index of Industrial Production (IIP) grew by 5.2 percent in May 2023 from 4.2 percent in April this year. As per the Ministry of Statistics and Programme Implementation data released today, the manufacturing sector's output grew 5.5 percent and Mining output rose by 5.8 percent for the ...
July 12, 2023 7:07 PM
Retail inflation, based on Consumer Price Index (CPI), stood at 4.81 percent in June this year. According to the Ministry of Statistics and Programme Implementation data released today, the Consumer Food Price Index (CFPI) for the last month rises to 4.49 percent as compared to 2.91 percent in M...
July 12, 2023 6:11 PM
U.S. stocks rose yesterday helped by optimism ahead of key inflation reports and as JP Morgan and other financial shares gained. The Dow Jones Industrial Average climbed 0.9 percent, the S&P 500 index gained 0.7 percent and the Nasdaq Composite rose 0.6 percent....
July 12, 2023 6:09 PM
Global crude oil prices were steady today. In intra-day trade, Brent crude was trading at 79 dollars and 30 cents a barrel. West Texas Intermediate crude price was at 74 dollars and 90 cents per barrel....
July 12, 2023 5:00 PM
In the forex market, the rupee today appreciated 12 paise to close at 82 rupees and 25 paise against the US dollar. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 101.47 in intra-day trade....
July 12, 2023 4:52 PM
Asian markets today ended mixed. Hong Kong's Hang Seng surged 1.1 percent, South Korea's Kospi climbed half a percent and Singapore's Straits Times index gained 0.4 percent. On the other hand, China's Shanghai Composite and Japan's Nikkei-225, both dec...
July 11, 2023 8:51 PM
GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from GST tax. Union Finance Minister Nirmala Sitharaman today chaired the 50th GST Council meeting in New Delhi. Addressing the media after the meeting, the Minister s...
July 11, 2023 8:37 PM
Reserve Bank of India's Governor Shaktikanta Das has asked banks to be extra careful and vigilant in view of various adverse global developments. Governor today held meetings with the MD & CEOs of public and select private sector banks in Mumbai. In introductory remarks, the Governor not...
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