Archives for Business - Page 7
RBI cuts repo rate by 25 basis points to 5.25 per cent to spur growth
Mumbai, RBI Governor Sanjay Malhotra announced on Friday that the monetary policy committee (MPC) meeting has unanimously decided to reduce the repo rate by 25 basis points to per cent…
Rupee opens higher ahead of RBI policy; MCX gold slips
Mumbai, Gold prices on the Multi Commodity Exchange (MCX) slipped slightly in morning trade on Friday, as investors waited for the Reserve Bank of India’s (RBI) monetary policy decision. However,…
India records fastest growth in six quarters defying US tariff pressures: Report
New Delhi, India’s economy grew per cent in the July–September quarter, with the fastest pace in six quarters, despite steep tariffs imposed by the US, proving that the era of…
Sensex, Nifty close near record highs on broad-based market rally
Mumbai, Indian stock markets ended near record highs on Wednesday, driven by strong buying across sectors. The benchmark Sensex jumped 1, points, or per cent, to close at 85, The…
Gold edges lower on stronger dollar, Fed minutes weigh on rate-cut hopes
Mumbai, Gold prices traded slightly lower on the MCX on Thursday morning as a stronger US dollar and fresh signals from the US Federal Reserve weighed on investor sentiment. Around…
Sensex gains 513 points to close above 85,000 over heavy buying in IT heavyweights
Mumbai, The domestic equity indices settled sharply higher on Wednesday, recovering significantly from the early losses amid heavy buying in IT heavyweights and selected large-cap stocks. Sensex ended the session…
Stock market rallies for 6th straight session, Nifty tops 26,000
Mumbai, The Indian equity indices continued the previous week's momentum, settling higher for the sixth consecutive session on Monday amid overall positive buying sentiment. Sensex ended the session at 84,,…
RBI fixes price at Rs 12,198 per unit for redemption of gold bonds in nearly 3-fold surge
Mumbai, The Reserve Bank of India (RBI) has announced a price of Rs 12,198 per unit for the premature redemption of the Sovereign Gold Bond (SGB) 2020-21 Series-I date October…
India won’t rush into a trade deal: Piyush Goyal
New Delhi, Commerce and Industry Minister Piyush Goyal said on Friday that India will not rush into any trade agreement, as it wants to go in for a fair and…
Stock market ends higher amid buying in IT, pharma and metal stocks
Mumbai, The domestic equity indices ended the session on a positive note on Thursday, amid value buying in IT, metal and PSU banks stocks. Additionally, pharma sector stocks received significant…