Indian retail investors watch stock prices outside the Bombay Stock Exchange. Agence France-Presse
Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board.
The Indian rupee has breached the 74 per dollar mark and experts feel that with continued global economic concerns and possibilities of further plunge in financial and oil markets, it may continue to witness volatility in the coming days.
The S&P BSE Sensex and NSE Nifty 50 indices suffered their biggest single-day selloff ever in absolute terms as the Indian markets entered a bear phase.
Indian stocks recovered sharply in afternoon trading on Friday after tumbling earlier in the session as major global markets were lifted by hopes that a US stimulus package could help limit the economic damage from the coronavirus outbreak.
Godel Technologies, a UK-based agile software development company founded in 2002, has become the latest digitally oriented business to join the UAE’s landmark NextGenFDI initiative,
The Board of Directors of Sharjah Asset Management Company, investment arm of the Government of Sharjah, has cleared the new institutional strategic plan for the 2023-2025 period,
President Joe Biden on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost US competitiveness over China.