Commuters walk past the Bombay Stock Exchange building in Mumbai. Reuters
Major Indian indices − Sensex and Nifty − closed at their highest-ever on Tuesday riding strong and sustained foreign fund inflows and bets of yet another rate cut over a near-normal monsoon forecast. Both indices touched their all-time highs − Sensex at 39,364.34 and Nifty 11,810.95 − during the early trade and mostly held on to the gains
Sensex and Nifty ended lower on Thursday after advancing for four consecutive sessions as investors took to profit booking. Investors also treaded with caution ahead of Q4 results from index heavyweight Reliance Industries. Jet Airways was in the spotlight throughout the day over its steep fall.
Investors on Tuesday traded with caution anticipating a further rise in the international oil prices, and conclusion of the third and largest phase of the general elections. Sensex ended 80 points lower after a range-bound movement throughout the day’s trade.
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.
Indian shares hit a record high on Monday after exit polls from the country’s marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi. While opposition parties refused to concede and the country faces a nerve-jangling three day wait until the official count begins,
Ajman Bank, in collaboration with Rasmala Investment Bank Limited (Rasmala), a leading alternative investment manager, has announced the launch of Makaseb Real Estate Investments SPV Limited, domiciled in the Abu Dhabi Global Market (ADGM).
STARZPLAY, the leading subscription video on demand (SVOD) service in the Mena region, has entered into a strategic alliance with Sharaf DG, one of the region’s most successful electronic retailers, to offer a free annual subscription to DG Member Programme members.
The Dubai Duty Free (DDF) has signed a strategic cooperation agreement with Tencent Holdings Limited, a leading provider of Internet value-added services in China, which will greatly enhance the Chinese visitors’ travel and shopping experiences at Dubai Duty Free.