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Business
Sensex tanks more than 800 points over impending Trump trade tariffs
21 Jan 2025 1:15 PM IST
Mumbai, Jan 21: Indian stock markets saw a sharp decline on Tuesday, giving up their morning gains and trading significantly lower by midday as investors remain cautious about Trump trade tariffs. The BSE Sensex plunged 849 points to hit an intraday low of 76,225, while the NSE Nifty dropped 217...
Business
WEF meet kicks off in Davos with Crystal Awards for Beckham, Furstenberg,...
21 Jan 2025 12:17 PM IST
Davos, Jan 21: The 55th World Economic Forum (WEF) Annual Meeting kicked off with the theme "Collaboration for the Intelligent Age", at Davos in the Swiss Alps on Tuesday with three celebrities football legend David Beckham, fashion designer Diane von Furstenberg, and architect Riken Yamamoto being...
Business
India, Belgium to deepen trade and investment ties: Piyush Goyal
21 Jan 2025 11:37 AM IST
New Delhi, Jan 21: Union Minister for Commerce and Industry Piyush Goyal and Bernard Quintin, Belgian Minister of Foreign Affairs, European Affairs and Foreign Trade, held bilateral talks in Brussels to boost trade and investment ties across the spectrum, it was announced on Tuesday. The meeting...
Business
Govt’s push to toy manufacturing boosted Aatmanirbharta: PM Modi
20 Jan 2025 3:44 PM IST
New Delhi, Jan 20: Prime Minister Narendra Modi on Monday highlighted that the government’s strides in the toy manufacturing sector have boosted India’s quest for 'Aatmanirbharta,' and popularised traditions and enterprise. “It was during one of the #MannKiBaat episodes that we had talked about...
Business
10 pc richest in UK extracted wealth from India worth $33.8 trillion between...
20 Jan 2025 3:43 PM IST
New Delhi, Jan 20: Between 1765 and 1900, the richest 10 per cent in the UK extracted wealth from India alone worth US$33.8 trillion in today’s money enough to carpet the surface area of London in the 50-pound notes almost four times over, an Oxfam global report said on Monday. According to authors...
Business
24 companies to invest Rs 3,516 crore under PLI scheme for ACs and LED lights
20 Jan 2025 3:41 PM IST
New Delhi, Jan 20: With as many as 24 beneficiary companies committing an investment of Rs 3,516 crore in the third round, the government’s production linked incentive (PLI) scheme is poised to significantly boost the production of components of ACs and LED lights across India, according to a...
Business
Infamous Hindenburg, which targeted Adani Group, faced intense scrutiny from...
16 Jan 2025 2:26 PM IST
New Delhi, Jan 16: Infamous short selling firm Hindenburg Research, which is now being disbanded as per an open letter from its founder Nate Anderson, has been under the radar of Indian regulators like the Securities and Exchange Board of India (SEBI) over its report against the Adani Group, which...
Business
81 pc India Inc backs PM's internship scheme, embraces internships through CSR:...
16 Jan 2025 2:23 PM IST
New Delhi, Jan 16: More than 80 per cent of India Inc is in support of the Prime Minister's Internship Scheme 2024 and is making great strides to align their Corporate Social Responsibility (CSR) initiatives with the scheme, according to a report on Thursday. The report by TeamLease EdTech, based on...
Business
Indians visiting UAE to get wider access to UPI payments as NIPL ties up with...
16 Jan 2025 2:22 PM IST
New Delhi, Jan 16: Indian tourists visiting the United Arab Emirates (UAE) will be able to use Unified Payments Interface (UPI) to make payments over a wider range of merchant locations with NPCI International Payments Limited (NIPL) announcing that it has entered into a partnership with Magnati, a...
Business
Foreign entities lead real estate institutional investments in India with 54 pc...
15 Jan 2025 1:15 PM IST
New Delhi, Jan 15: Foreign investors dominated institutional investments in the real estate sector in India with 54 per cent share in 2024, accounting for $3.7 billion, according to a report on Wednesday. Despite a reduction in share, investments increased by 36 per cent in value terms, according to...
Business
Thematic funds in India see 488 pc growth in net collections as manufacturing,...
15 Jan 2025 1:13 PM IST
Mumbai, Jan 15: Thematic funds witnessed a remarkable 488 per cent growth in net collections last year, as sectoral and thematic funds reached Rs. 1,09,711 crore in collection (34 per cent of total net collections), a report showed on Wednesday. Of the total net collection in sectoral and thematic...
Business
US SEC files lawsuit against Musk ahead of Trump inauguration
15 Jan 2025 1:12 PM IST
Washington, Jan 15: Just days ahead of Donald Trump’s inauguration as the 47th US President, the Securities and Exchange Commission (SEC) has filed a lawsuit against his best ally Elon Musk over an alleged securities violation relating to his acquisition of Twitter (now called X) in 2022. The SEC...
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