A stock broker works at his terminal at the Bombay Stock Exchange. Reuters
Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and key macro data release, major equity indices ended the week on a higher note led by gains in banking stocks. The BSE Sensex closed 160.10 points or 0.41 per cent higher at 38,767.11. The broader Nifty finished 46.75 points or 0.40 per cent higher at 11,643.45. “Market turned positive despite a weak rupee as investors
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.
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.
Chinese manufacturing giant East Hope Group is working with Khalifa Industrial Zone Abu Dhabi (KIZAD) on the feasibility of setting up a development worth more than $10 billion at Abu Dhabi’s industrial hub. The agreement was signed by Samir Chaturvedi, CEO of KIZAD, and Meng Changjun,
Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Defying unfavourable global markets, domestic indices inched up on Friday as investors cheered the formation
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with Mastercard to launch its ‘World’ series debit card aimed exclusively at Small and Medium Enterprises (SMEs).
China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone