Commuters walk past the Bombay Stock Exchange building in Mumbai. Reuters
The Indian equity markets is set to face another volatile week ahead, as the ongoing flight of foreign funds is expected to continue on the back of latest taxation surcharge on the super rich category along with subdued quarterly earning numbers.
Strong gains by index major Infosys and Sun Pharma aided the Sensex in advancing over 160 points on Monday. Infosys hit its all-time high level with 7.2 per cent gain on the back of strong numbers in its quarterly results
Looking like the last day of the losing streak for the markets, Thursday’s trading session, however, proved no different that the developments over the past five days.
The contribution of core digital sectors like information technology-business process management (IT-BPM), digital communications, and electronics manufacturing to India’s gross domestic product (GDP) may increase from seven per cent in 2017-18 to eight to 10 per cent in 2025, says a new report from McKinsey Global Institute.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Monday visited a side exhibition of the Global Business Forum Africa held in Jumeirah City.
De Havilland Aircraft of Canada Limited announced on Monday during the Dubai Airshow that lessor Palma Holding (Palma) has signed a Letter of Intent to purchase 20 Dash 8-400 aircraft. The parties are working to finalize a purchase agreement.
Dubai Chamber of Commerce and Industry has been named as an Official Expo 2020 partner following the signing of a partnership agreement between the two organisations, Reem Al Hashimy, UAE Minister of State