[ad_1] NEW DELHI: Both Indian indices – sensex and Nifty- continued their bull run on Wednesday and managed to close at new life-time highs.Continuing its rally for the fifth consecutive day, the 30-share BSE Sensex surged by 302.30 points or 0.45 percent, reaching a new milestone by settling at a record closing high of 67,097.44. … Read more
[ad_1] NEW DELHI: Wholesale price-based inflation contracted for the third straight month in June on the back of easing food, fuel and manufactured product prices. The gap between retail and wholesale inflation widened.Data released by the commerce and industry ministry on Friday showed inflation, based on the wholesale price index (WPI), fell 4. 1% in … Read more
[ad_1] A bulletinBringing down inflation, as well as market and household expectations of future inflation would be key to reviving private capital expenditure, the Reserve Bank of India (RBI) said in its monthly bulletin released on Friday.“Recent national accounts data and corporate results when read in conjunction clearly show that inflation is slowing down personal … Read more
[ad_1] BENGALURU: Indian shares were little changed on Tuesday as investors await key quarterly results in a busy earnings week.The Nifty 50 was up 0.03% to 17,749.35, as of 9:51 a.m. IST, while the S&P BSE Sensex gained 0.03%.Seven of the 13 major sectoral indexes declined with information technology (IT) and pharma stocks falling 0.5% … Read more
[ad_1] MUMBAI: ICICI Bank reported a 30% increase in fourth-quarter profit to Rs 9,122 crore from Rs 7,019 crore in the corresponding quarter last year as it rode the twin tides of swelling interest margins and surging business loans.The board further recommended a dividend of eight rupees per share, subject to shareholder approval.Net interest income … Read more
[ad_1] MUMBAI: The Indian rupee strengthened past 82 to a dollar, touching a more than three-week high as a broadly weak dollar aided sentiment with foreign banks likely selling the greenback in the local market, traders said.The rupee rose up to 81.92 per dollar, against its previous close of 82.3325, marking the currency’s strongest level … Read more
[ad_1] NEW DELHI: Production of eight infrastructure sectors recorded an almost flat growth rate of 6 per cent in February as against 5.9 per cent in the same month last year, according to official data released on Friday.The growth in February is lowest in the last three months.The output of core sectors had increased by … Read more
[ad_1] WASHINGTON: The US economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. But consumer spending, which drives most of the economy’s growth, was revised sharply down.The government had previously estimated that the economy … Read more