- Business
- December 1, 2024
RPT-Wall St Week Ahead-Jobs data set to pave way for rates path, stocks
The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500 near record highs following an over 25% year-to-date gain. Part of that performance has been…
- Business
- November 30, 2024
Make Amazon Pay: Amazon India Workers Join Global Protests Before Black Friday Sale
Amazon India Workers Protest: Amazon employees in India have joined a worldwide protest under the “Make Amazon Pay” campaign, demanding better wages, improved working conditions, and union recognition. Workers from cities such as New Delhi, Agra, Patna, Rishikesh, and Varanasi have rallied, with New Delhi protestors gathering at Jantar Mantar and raising their demands through the campaign hashtag on social media. The…
- Business
- November 30, 2024
Sensex, Nifty Next Week: Are Bulls Back? Why Did Market Rise Despite FII Outflow?
Stock Market Outlook: The stock market regained its momentum in the last trading session of the week, closing notably higher after a drastic collapse on Thursday despite continued foreign investors selling woes. The BSE Sensex gained 760 points 0.96 per cent on November 29 to end above the mark of 79,800, in contrast to its Asian peers which ended lower except China. The…
- Business
- November 29, 2024
India’s economy slows sharply at 5.4% in Q2 of FY25
India’s economy slowed much more than expected in July-September, hampered by weaker expansions in manufacturing and consumption, which will add pressure on the central bank to cut interest rates. Gross domestic output in the world’s fifth biggest economy rose by 5.4 per cent in July-September year-on-year, data showed on Friday, the slowest pace in seven quarters and well below a Reuters poll of…
- Business
- November 29, 2024
India’s GDP Growth Slows To 5.4 Per Cent In Q2, Lowest In Two Years, Still Fastest Growing Economy
New Delhi: India’s economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors, but the country continued to remain the fastest-growing large economy, data showed on Friday. The gross domestic product ( GDP ) had expanded by 8.1 per cent in the July-September quarter of 2023-24…
- Business
- November 29, 2024
Abu Dhabi’s IHC, Sri Lanka Port Authority, Tanzania reaffirm support for Adani Group
New Delhi, Nov 28 (PTI) Abu Dhabi’s International Holding Company (IHC), one of the largest sovereign funds that manages assets close to USD 100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate’s founder chairman Gautam Adani.”Our partnership with the Adani Group reflects our confidence in…
- Business
- November 29, 2024
Zomato’s Rs 8500 Crore QIP – Check Investors, Floor Price, Future Plans
Zomato, one of India’s leading food and grocery delivery giant has announced that it will raise Rs 8,500 crore through Qualified Institutional Placement (QIP). Zomato made this announcement via an exchange filing. The Issue of QIP opened on November 25, 2024, and closed on November 28, 2024. In the filing, Zomato said “The Fund Raising Committee of the Board of directors of the…
- Business
- November 29, 2024
No Negative Actions So Far By Lenders, Investors On Adani After US Indictment: Crisil
Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex)…
- Business
- November 28, 2024
Finmin Proposes To Raise FDI In Insurance To 100%
New Delhi, Nov 28 (PTI) The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the…
- Business
- November 28, 2024
NSE, BSE Will Become ‘Alternative Trading Venues’ From April 1 – SEBI Order
New Delhi: SEBI has issued important guidelines to create procedures for interoperability in the Indian stock exchanges. In its latest update on Thursday, SEBI said that going forward, NSE would act as an alternative trading venue for BSE and vice-versa. The provisions of this circular would come into effect from April 1, 2025, SEBI said. “Both exchanges would prepare a joint SOP that…
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