ABC News - Business (2 hours ago)
Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks...
ReadThe Times of India - Business (2 hours ago)
The Indian equity benchmark indices, BSE Sensex and Nifty50, experienced notable declines on Tuesday, driven largely by major stocks like Reliance Industries and HDFC Bank. The Sensex fell 930.55 points, closing at 80,220.72, while the Nifty50 dropped 309 points to finish at 24,472.10. The rupee also weakened against the US dollar, hitting its...
ReadThe Times of India - Business (6 hours ago)
Over 2.7 lakh Vistara passengers who booked flights for travel after Nov 12, 2024, are migrated to Air India reservations. Tata Group ensures continuity in travel experience while enhancing the digital arena with a one-click booking feature and upgraded digital tools.
ReadThe Times of India - Business (7 hours ago)
Paytm, under One 97 Communications Ltd, reported its first-ever net income of 9.3 billion rupees in Q2, aided by a sale of its events business and despite regulatory challenges. The fintech firm, facing stiff competition and regulatory setbacks, is refocusing on core areas like payments and loans after a workforce trim and restructured operations.
ReadThe Times of India - Business (7 hours ago)
On Tuesday, the Indian stock market opened with slight gains, but with a mixed trend among companies. Notable advancements include Shriram Finance and Tech Mahindra, whereas Tata Steel and BEL declined. Expert Ajay Bagga noted a decline in profitability for global asset managers despite market growth. Foreign Institutional Investors have continued...
ReadThe Times of India - Business (9 hours ago)
Hyundai Motor India Ltd shares dropped nearly 6% on their first trading day in Mumbai, despite being the largest IPO in the country's history. Retail investors bought only half of their reserved portion, while institutional demand was strong. Analysts see potential long-term value amid India's growing economy and car market.
ReadThe Times of India - Business (12 hours ago)
Indians spent $3.2 billion overseas in August 2024, driven mainly by travel and education. Outbound travel led with $2.01 billion, followed by $416 million on overseas education. Despite a 20% TCS rate, travel demand remains high, supported by visa-free travel options in several Asian countries.
ReadThe Times of India - Business (12 hours ago)
Indian sovereign bonds saw two consecutive weeks of outflows, with foreign investors cooling on the nation's debt. Overseas funds sold $104 million in the second week and $200 million in the prior week, highlighting a shift amid narrowing yield gaps and changing Federal Reserve rate expectations.
ReadThe Times of India - Business (13 hours ago)
RBI notes a temporary slowdown in India's economy due to heavy rains and 'pitru paksha'. However, it remains optimistic about a recovery driven by festival season consumption and increased private investment. Rural demand is anticipated to rise with an optimistic agricultural outlook, while India's external sector shows resilience despite...
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