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Sensex drops over 241 pts, Nifty ends below 23,450

11-01-2025

Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday, in lockstep with a weak trend in global equities as concerns over economic growth and quarterly earnings sapped risk appetite.

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IIP growth hits 6-mth high of 5.2% in Nov

11-01-2025

India's industrial production (IIP) growth accelerated to a six-month high of 5.2 per cent year-on-year in November 2024, riding on the increased festive demand and pick up in manufacturing sector, according to the official data released on Friday.

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India’s economy projected to grow 6.6% in 2025: UN

11-01-2025

The Indian economy is projected to expand by 6.6 per cent in 2025, primarily supported by robust private consumption and investment, according to a United Nations report. The report titled 'the UN World Economic Situation and Prospects 2025' was released here on Wednesday.

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Forex kitty declines to over 11-month low of $634.59 bn

11-01-2025

India's forex reserves dropped by USD 5.693 billion to USD 634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday.

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US levies new sanctions against Russian energy sector; oil prices surge to 3-mth high

11-01-2025

President Joe Biden's administration announced on Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its nearly 3-year-old war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict.

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Equity MF inflows grow 14% to `41,156 cr in Dec

10-01-2025

The small and midcap schemes of mutual funds continued to attract investor interest with inflows touching record highs during the month, despite concerns being expressed about the two segments for the risk they portend, industry body Amfi said.

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Markets tumble nearly 1% amid broad-based selloff

10-01-2025

Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Thursday due to heavy selling in market heavyweights HDFC Bank, TCS and Reliance as investors turned nervous over earnings growth concerns amid unabated foreign capital outflows.

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Govt to give `35,000 cr LPG subsidy to IOC, BPCL, HPCL

10-01-2025

The government is likely to provide a subsidy of Rs 35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said.

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Rural consumption will rise but urban consumption may slow down further in FY26

10-01-2025

India's economy is navigating a phase of subdued demand as growth in key sectors slows down. Multiple dynamics impact exports, consumption cycles, and income growth, pointing to a challenging outlook for FY26 says a report by Nuvama.

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Govt to soon launch new credit guarantee scheme for MSME sector up to `100 crore

10-01-2025

Financial Services Secretary M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to Rs 100 crore.

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Indian mission officials of 20 nations asked to work on specific mkt opportunities to boost exports

10-01-2025

The commerce ministry has asked the commercial wings of Indian Missions of 20 countries to specifically identify market opportunities in six goods and services to promote India's exports, an official said on Thursday.

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Kumaraswamy red flags high mineral tax by K’taka govt

10-01-2025

The additional taxes on mining operations by Karnataka government will adversely affect the steel and mining sector, Union Steel Minister HD Kumaraswamy said on Thursday.