Business

Ahmedabad: Indian stock markets today rose to new highs as Sensex and Nifty touched 85,000 and 26,000 levels respectively after news of relief package announced by China, breaking record highs on the back of profit booking and sell. After the record rise in the market in the early part of …

Mumbai: China has taken all possible measures to revive its economy, after cutting short-term interest rates yesterday, it announced a stimulus package today, including reduction in outstanding mortgage rates and reduction in down payment for second homes, with global funds expected to pour in heavily. Indian markets surged today after …

Mumbai: Gold prices continued to rise in Mumbai jewellery market today, while silver prices rose after recovering from setbacks. Gold prices in the world market rose to a high of $2640 to $2641 an ounce on the news. Global commodity prices rose today as the Chinese government announced a new …

Mumbai: S&P Global Ratings has forecast that the Reserve Bank of India (RBI) will cut interest rates at its October meeting. India's strong economic growth will help the Reserve Bank keep inflation under control, it said in its Economic Outlook for Asia-Pacific. High food inflation is a matter of concern …

Mumbai: The funds raised by banks through bonds in a country grappling with liquidity stress are expected to reach an all-time high of Rs 1.20 to Rs 1.30 lakh crore in the current fiscal. The country's banking system is currently witnessing higher loan growth than deposit growth, due to which …

New Delhi: Nearly 10,700 fake companies registered under GST have been detected, involving tax evasion of Rs 10,179 crore. Aadhaar authentication for goods and services tax (GST) registration is already implemented in 12 states and will be expanded to four more states by October 4, Central Board of Indirect Taxes …

New Delhi: After China recently jailed several bankers over the criminal role of investment bankers in its capital market, now the Indian government and the special capital market regulator Securities and Exchange Board of India (SEBI) have also woken up to the unscrupulous and innumerable SMEs in the primary market …

India GDP Growth Outlook by Moody's: It is emerging as the fastest growing economy in the world. After several global agencies including the International Monetary Fund and the World Bank expressed confidence in the country's rapid GDP growth rate, another rating agency has also expressed a positive attitude. GDP growth …

After hitting an all-time high of 85,163.2 points for the fourth consecutive day, the Sensex fell 15 points to close flat at 84,914.04. At the same time, Nifty reached the level of 26,000 points and closed at 25,950. Sensex was down 0.02 percent and Nifty was up 0.02 percent. Indian …

Multinational companies are capitalizing on the boom in the Indian stock market. Last year, more than a dozen multinational companies have reduced their stake in local businesses. At the same time, more than half a dozen multinational companies, including Hyundai and LG, are preparing for new IPOs. Recently GE T&D …