Business News - Page 20

ADB retains India's 2024-25 growth forecast at 7%, but here's what it projects for China

The Asian Development Bank (ADB) has asserted that India's GDP growth is expected to pick up in the quarters ahead

Dravid to Bopanna to Karan Johar: Celebrities who bought Swiggy shares in recent round

Swiggy is reportedly seeking to raise $1.4 billion in the IPO which is expected to take place in November

Sebi approves Swiggy's $1.25 billion IPO proposal: Report

The food and grocery delivery platform had filed draft papers for the initial public offering with Sebi through the confidential filing route in April this year

China's bold stimulus package fuels global markets, commodities higher

The People's Bank of China announced several actions to lower borrowing costs and inject liquidity into the financial system. Global stocks responded positively to the move

Sensex hits 85,000 for first time, Nifty shy of touching 26,000-mark

On Tuesday (September 24) morning, Sensex hit a milestone of 85,023 while Nifty hit a fresh high of 25,971

Why India's red-hot IPO market has worried market regulator SEBI

According to an EY report, in the first six months of 2024, stock markets around the globe saw 551 IPOs. India accounted for about 152 public offerings, making up 27 per cent of all IPOs globally

China’s central cuts rate to infuse money into markets as growth slowdown worsens

People’s Bank of China, on Monday, announced cutting the 14-day reverse repurchase interest rate by 10 basis points to 1.85 per cent, and injected 74.5 billion yuan, equivalent to $10.6 billion, of liquidity via the policy tool

5 reasons why global investors are pumping money into Indian stocks once again

In the April-June quarter, foreign investors sold nearly $1 billion worth of shares from Indian markets. Now, they are back. So far this quarter, net foreign inflow stands at $8.5 billion. We take a look at what is spurring foreign investors to bet on India again

Spectacular Saudi: Travel Offers, 48-Hour Visa, and a Warm Welcome to the Heart of Arabia, Right Here in Mumbai!

Design your perfect Saudi Arabian adventure with immersive experiences and unbeatable travel offers

Police, Tamil Nadu govt and judiciary reeled into Samsung strike saga; resolution remains elusive

Hundreds of workers have set up a makeshift protest camp near the Samsung plant. The employees, who earn an average of Rs 25,000 ($300) per month, are seeking a raise to Rs 36,000 ($430) over three years

US Fed slashes rates by 50 bps: What does it mean for America and the global economy?

The US Federal Reserve's decision to cut interest rates by 50 basis points, bringing the benchmark rate between 4.75 per cent to 5.00 per cent, signals a shift from its aggressive inflation fight to sustaining economic growth. With inflation down to 2.5 per cent and unemployment ticking up, the move aims to balance these forces

Fed cuts interest rates: Indian stocks, rupee, and gold prices likely to benefit on September 19

The stock market, Indian rupee, and gold price are all likely to do better following the much-anticipated rate cut by the Fed in the US. Here's why optimism may be warranted

US Fed likely to announce interest rate cut today, a first since 2020

Analysts and traders are divided over whether the central bank will opt for a modest 25 basis point cut or a more aggressive half-point reduction

How coworking spaces are changing the dynamics of startups in India

The effects of coworking spaces on the performance and evolution of startups in India's growing entrepreneurial scene is something to watch out for

In a first, India overtakes China in MSCI equities index with strong economic growth and money flow

India's weight in the MSCI investible large-, mid- and small-cap index has risen to 2.35%, greater than China's weight of 2.24%, Morgan Stanley said in a note on Tuesday

Southern states have 30% share in India’s GDP, Bengal economy consistently declining: EAC-PM paper

A paper by the Economic Advisory Council (EAC) to the Prime Minister, released on Tuesday, highlighted that in 2023-24, Karnataka, Andhra Pradesh, Telangana, Kerala and Tamil Nadu together accounted for approximately 30 per cent of India's GDP

Will income tax rate for middle class be reduced? Nirmala Sitharaman answers

The finance minister said that over 70 per cent of the people have already shifted to the new tax regime, which has simplified and lower tax rates

Is Japan trying to block a Canadian firm from acquiring 7-Eleven for national security reasons?

Convenience stores like 7-Elevens, called “conbini” in Japan, are akin to national infrastructure. They are even crucial for rural communities and have a role to play in times of natural disasters

Investments in China, Rs 37 cr traded in listed shares: Congress' new allegations against Sebi's Madhabi Buch

Congress general secretary Jairam Ramesh claimed Madhabi traded in listed securities worth Rs 36.9 crore. Meanwhile, party president Mallikarjun Kharge said it is not surprising that "the Sebi chairperson, is also not behind in investing in Chinese companies"

Gold prices hit record high: Why is the cost of the yellow metal rising?

Around 2:10 pm GMT (7:40 pm IST), spot gold was trading at record levels, up 0.7 per cent at $2,576.48 per ounce. US gold futures rallied 1 per cent to $2,605.30 per ounce

Amazon, Walmart-owned Flipkart favoured select sellers, violated competition laws in India: Report

The findings of an antitrust investigation by the Competition Commission of India detail preferential listings and deep discounting strategies that harmed smaller retailers and limited competition

Ajit Jain has sold half his stake in Buffett's Berkshire. But why?

There could be strategic reasons behind Ajit Jain’s decision. Specifically, it may have to do with what potential he sees in Berkshire Hathaway's shares in terms of rise in price

India's forex reserves hit record high of $689.24 billion 

Foreign exchange reserves also include India’s reserve tranche position in the International Monetary Fund.

Boeing in turbulence: Strikes, debt and the fight to stay airborne

Boeing finds itself in a precarious flight path, struggling to overcome strikes, manage ballooning debt and fend off the competitive pressure from Airbus while seeking to stabilise its faltering operation

Sebi chief Buch, her husband deny conflict of interest allegations by Cong, call them motivated

"The allegations are completely false, malicious and defamatory. Madhabi has complied with all the disclosure and recusal guidelines of Sebi," a statement from the Buchs said

Russia's central bank raises interest rate to 19%, says economic growth has slowed down

The bank has kept the possibility of increasing the already high interest rate even further in its next meeting, having noted that recent data shows the growth of the Russian economy has slowed down

Cess to taxes: Key takeaways from meeting of five opposition-ruled states in Kerala

Discussions revolved around recommendations to the 16th Finance Commission. State leaders pressed for a larger share of tax revenues from the central government and raised concerns over the rising use of cesses

Bulls charge the bourses: Sensex crosses 83K mark, Nifty at fresh life high too amid stock market rally

The 30-share BSE Sensex gained over 1,600 points and breached the 83,000 mark for the first time ever to clock a fresh lifetime high of 83,116.19. Meanwhile, the broader Nifty 50 index hit a record high of 25,433.35 points after rising over 500 points

How China is dividing Europe to scuttle its EV tariff plan, push own industry

With China’s electric vehicles flooding the market, Europe’s unity is tested as member states clash over protectionism or cooperation

Tamil Nadu government to meet Samsung officials in a bid to resolve workers' strike near Chennai

Workers at Samsung's Sriperumbudur plant are on strike, demanding higher wages, reduced hours, and union recognition