A recent report released by Deutsche Bank revealed that Indian equity markets have outperformed China’s equity markets since 2000.The report noted that, despite China’s rapid economic growth, its equity market performance has been comparatively average, with real returns averaging just 4.0 percent per annum.India, on the other hand, has emerged as a leader among both…
Moody’s Ratings in its lates Global Macro Outlook report on Friday projected Indian economy to grow by 7.2% in 2024, driven by gradual recovery in household spending and easing inflation pressures. The rating agency further projected growth rates of 6.6% and 6.5% in 2025 and 2026, respectively.“From a macroeconomic perspective, the Indian economy is in…
NEW DELHI: Indian industrialist and Adani Group Chairman Gautam Adani congratulated President-elect Donald Trump on Wednesday and announced a $10 billion investment commitment in US energy security and infrastructure projects.Sharing a post on X, Adani said: “Congratulations to Donald Trump. As the partnership between India and the United States deepens, the Adani Group is committed…
The stock market on Tuesday ended in red as NSE benchmark Nifty50 closed at 23,883.45 with a drop of 257.85 points or 1.07 per cent. Sensex also traced a similar path ending at 78,675.18 with a decline of 820.97 points or 1.03 per cent.The early market presented a ray of hope as benchmark indices saw…
NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35. The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII) selling, and muted quarterly earnings…
The State Bank of India, in its latest report, has revealed that the rupee could undergo a depreciation of 8 per cent-10 per cent against the US dollar with Trump’s return to power, even as the local currency recorded an all-time low of 84.38 on Monday.SBI’s report, titled US Presidential Election 2024: How Trump 2.0…
NEW DELHI: India’s export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a report. The EU/G7 countries in Dec 2022 introduced a price cap and an embargo on the imports of Russian…
NEW DELHI: India’s coal import rose by 7.8% to 140.60 million tonne (mt) in April-September of the current financial year. Coal import was 130.34 mt in the year-ago period, according to data compiled by B2B e-commerce company Mjunction Services Ltd.Overall, coal import demand is likely to remain modest due to the healthy stock position and…
NEW DELHI: Government has raised Rs 3,449 crore through offer-for-sale in Hindustan Zinc by selling about 1.6% stake. Through the two-day OFS on Nov 6-7, government had proposed to sell nearly 5.3 crore shares, or 1.25% stake, with a greenshoe option to retain additional subscriptions of a similar amount. government has raised Rs 3,449.2 crore…
Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday. Trump vowed on the campaign trail to put the US at the centre of the digital-asset…
