Business News - Page 7

Market meltdown! Sensex, Nifty sink 3% to 10-month low; Asian, European stocks suffer

The 30-share BSE Sensex sank 2.95 per cent or points to close at 73,137.90. The broader Nifty 50 index crashed 3.24 per cent or points to conclude the day at 22,161.60.

Indian stock markets perform better than Asian peers, but struggle to recover as Sensex, Nifty still down over 4%

At 12:40 pm, the 30-share BSE Sensex was down 4.3 per cent or 3230.13 points at 72,134.56, only marginally better than the opening level of 71,449.94. Around the same time, the broader Nifty 50 index was down 4.52 per cent at 21,870.10

After meltdown on Wall Street, Japan's Nikkei falls 9% in early trade: How did Indian stock market react?

Benchmark stock indices in Japan, Taiwan, and Hong Kong took were among the hardest hit in early trade on Monday, diving over 8 per cent each. Indian equities are likely to track the losses noted on Wall Street and in Asian markets

Bloodbath on D-Street: Sensex loses nearly 4,000 points, Nifty 50 tanks 5% amid global stock market rout

Around 9 am, during the pre-open session in Indian markets, the 30-share BSE Sensex was down 4.29 per cent at 72,131.13. The broader Nifty 50 index had noted an even more staggering drop, with a loss of 6.19 per cent at 21,487.60

Recession odds rising: JP Morgan bets 60%

While tariffs could stifle economic growth, some analysts expect this could give more room for the US Federal Reserve to cut interest rates further in order to boost economic activity

Washington nears TikTok deal: US firms looking to seize control from China

With an April 5 deadline approaching, US officials are fast-tracking a plan to spin off TikTok’s US business from Chinese ownership. The deal would give American investors, including Blackstone and Andreessen Horowitz, a majority stake

‘Liberation Day’ tariffs highlights: Countries, experts and markets rattled by fresh duties, react sharply

Donald Trump tariffs announcement live updates: Economists and analysts have expressed concerns about the potential repercussions of these tariffs. There is apprehension that levies could hike consumer prices, disruptions in global supply chains, and lead to trade wars

Gold hits record highs amid Trump’s trade war: Will prices soar even higher?

Gold prices surged to an all-time high, with MCX gold touching ₹91,423 per 10 grammes and spot gold reaching $3,167.57 per ounce. The rally follows US President Donald Trump's 10 per cent baseline tariff on all imports, with higher duties on China (34 per cent), the EU (20 per cent), and Japan (24 per cent). Meanwhile, silver prices dropped, with MCX silver trading at ₹97,620 per kg

'Not a setback': India calls Trump's new tariffs 'a mixed bag'

A senior Indian official confirmed that the Ministry of Commerce is currently assessing the impact of the proposed tariff, with the implications under close review

US stock market closes higher than expected but volatility ahead as Trump unleashes reciprocal tariffs

After initially retreating ahead of Trump's "Liberation Day" of new trade levies, US indices forged higher during the session amid hopes that markets have oversold in anticipation of the plan

Bears slam bourses: Sensex sinks 1400 points, Nifty crashes 1.5% as stock market takes hefty beating

Starting the new financial year on a losing note, the 30-share BSE Sensex tanked 1,390.41 points or 1.80 per cent to settle at 76,024.51. The NSE Nifty dropped 353.65 points or 1.50 per cent to 23,165.70. The key indices logged their steepest single-day losses in a month

Milktouch and Sungboon Editor make their Indian debut via Reliance Retail’s Tira

Tira’s partnership with Milktouch and Sungboon Editor underscores its commitment to bringing the best of global beauty to Indian customers

Nasdaq 12% down, S&P 7%: Why US markets are shaking since Trump took office

Since Trump has taken office, Nasdaq is down 12.44 percent, S&P has tanked 7.23 per cent, and Dow Jones has fallen 4.5 per cent. Bitcoin has sunk 21.2 per cent while Ethereum dropped over 43 per cent

Stock market crashes! Bears claw away 1,200 points from Sensex, Nifty below 23,300

Concerns over a wide-range of tariffs that the US administration, under President Donald Trump, is set to impose on April 2 weighed heavily on investor sentiment

Indian stock market tanks amid mixed global cues: Sensex opens at 76,882, Nifty below 23,400

The 30-share BSE Sensex started the day at 76,882. The broader Nifty 50 index opened at 23,341

Subsidiary of China's second-largest steelmaker suffers nearly $1bn loss as industry struggles deepen

Chinese steelmakers are facing the painful unwinding of a two-decade boom fuelled by rapid construction and industrial expansion. The sector was largely unprofitable throughout last year

China's manufacturing activity sees fastest growth in a year, but major concerns linger

The increase in factory activity was driven by a rebound in new orders, indicating that recent fiscal measures are beginning to lift domestic demand

Gold surges past $3,100 as uncertainty over Trump tariffs propel safe-haven flows

Gold prices have hit multiple record highs, gaining more than 18% so far this year - capitalising on its cachet as hedge against economic and geopolitical turbulence

China’s top state banks to raise $71.6 bn in capital boost backed by Beijing

The recapitalisation effort, aimed at strengthening the banks’ core tier-1 capital, follows a pledge from Chinese policymakers earlier this month to inject 500 billion yuan into major lenders to enhance their capacity to support the real economy

Are Amazon, Flipkart selling low-quality or fake goods? Companies face raids in India over these allegations

Items including geysers and food mixers worth around Rs 7 million (approximately $81,500) were confiscated from a warehouse operated by an Amazon subsidiary, BIS said. The products either lacked the mandatory quality certification mark or bore counterfeit labels

Why is China freezing deals with Li Ka-shing’s firms after his Panama port sale plan?

Chinese regulators have also begun examining the Hong Kong tycoon's family's investments, both domestic and overseas, in an effort to map the full extent of their financial interests

Electricity is the backbone of our modern world, but safety must always come first!

Don't miss the electrifying Polycab & CNBC-TV18 Infra Safety Vodcast featuring industry expert Sooraj Nair

Stock market's 7-day winning streak snapped: Sensex tanks 728 points, Nifty below 23,500

The 30-share BSE Sensex tanked 0.93 per cent or 728.69 points to 77,288.50. The broader Nifty 50 index fell 181.80 points or 0.77 per cent to 23,486.85

Protests against Imamoglu's arrest are pinching Turkey's economy hard

The backlash from protests has rattled markets. The value of the Turkish lira has depreciated against the US dollar. Sovereign bond rates have fallen, and foreign investors are spooked. The Turkish stock market has seen one of its worst days in recent years

India to scrap 'Google tax' on digital ads in bid to defuse tensions with US ahead of April 2 tariffs

The equalisation levy, introduced in 2016 and expanded in 2020, was aimed at taxing large foreign digital companies– such as Google and Meta– that generate substantial revenue from Indian users without maintaining a local physical presence

Rupee up, bulls back: What's happening in India's markets?

Over the last seven trading sessions, the rupee has appreciated by 154 paise, placing it at the top of the performance chart among Asian currencies for the month. Meanwhile, benchmark stock indices have seen their longest winning streak since September 2024

Han Jong-hee, Samsung Electronics co-CEO, dies of cardiac arrest at 63

Han Jong-hee was in charge of Samsung's consumer electronics and mobile devices division, while co-CEO Jun Young-hyun oversees the chip business of South Korea's biggest company

Boeing seeks to withdraw guilty plea in criminal case over 737 MAX crashes: Report

The plea deal would have branded Boeing a convicted felon and required it to pay a $487.2m fine, along with $455m in safety and compliance improvements. Victims' families condemned this as a "sweetheart deal" that falls far short of holding Boeing accountable

Is privatisation on the cards for mortgage giants Fannie Mae, Freddie Mac? What would it mean for US citizens?

The most immediate risk is that it could disrupt the mortgage market and lead to an increase in the average rate for a 30-year mortgage, which is currently at 7 per cent

Green day on D-Street: Bulls boost Sensex up over 1,000 points, Nifty 50 ends day above 23,600

The 30-share BSE Sensex jumped 1078.87 points or 1.4 per cent to end the day just below the 78,000 mark (at 77,984.38 points). The broader Nifty 50 index rose 307.95 points or 1.32 per cent at 23,658.35 points.