Asia

Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024

India's premium smartphone market to see 18 pc sales growth this festive season

Within the premium segment, super-premium smartphones (Rs 50,000–1,00,000) are expected to grow 15 per cent on-year, while the uber-premium segment (Rs 1,00,000 and above) could see a remarkable 167 per cent surge, fuelled by strong demand for the latest flagship models, said the report by CyberMedia Research (CMR).

10 days ago

GST rate cuts on 11 Bengal-specific items will boost state's economy: Sitharaman

Addressing the GST 2.0 outreach programme here, Sitharaman also highlighted that the decision to make the reforms come into effect from September 22 was largely due to the fact that the government wanted consumers to benefit ahead of Durga Puja.

10 days ago

Sensex projected to touch 115,836, Nifty to surpass 43,800 by FY28: Report

Stock market rises for 3rd consecutive day on US Fed rate cut, buying in IT sector

The 30-share index opened with a decent gap-up at 83,108.92 against the last session's closing of 82,693.71 after the US Fed announced a rate cut. However, the index remained range-bound throughout the session amid a mixed approach across sectors except IT.

11 days ago

Markets rebound after 4-day losing streak, Sensex gains 317 points

Sensex, Nifty make strong gains amid positive cues after US Fed rate cut

The Federal Reserve resumed interest rates cut cycle by reducing rates by 25 basis points to a target range of 4.0-4.25 per cent, citing shifting risk dynamics in the economy. Fed officials projected two additional rate cuts this year, forecasting rates to reach 3.50-3.75 per cent by the end of 2025.

11 days ago

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Stock market continues positive momentum ahead of Fed rate cut, bank stocks jump

Sensex ended the session at 82,693.71, up 313 points or 0.38 per cent. The 30-share index opened with a decent gap-up at 82,506.40 against the last session's closing of 82,380.69. The index extended the early gain a bit to hit an intraday high at 82,741.95 following buying in heavyweights.

12 days ago

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Sensex, Nifty open higher on hopes of Fed rate cut, thaw in India-US ties

The broad cap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.28 per cent, and the Nifty Small cap 100 moved up 0.60 per cent.

12 days ago

India's silver imports set to surge amid strengthening investment demand

India's silver imports are expected to gather momentum in the coming months, supported by stronger investment and industrial demand that has already absorbed the surplus from last year's elevated shipments, industry officials told Reuters.

12 days ago

Stock market ends flat; auto shares surge as IT and FMCG decline

Stock market soars amid India-US trade talks and Fed rate cut hopes; Sensex up 595 points

Broader indices followed the trend as well. Nifty Small Cap 100 jumped 171 points or 0.95 per cent, Nifty Midcap 100 jumped 313 points or 0.54 per cent, and Nifty 100 closed 170 points or 0.66 per cent higher.

13 days ago

Sensex, Nifty settle slightly lower amid mixed global cues

Sensex settled at 81,785.74, down 118.96 points or 0.15 per cent. The 30-share index started the session flat at 81,925.51 against the last session's closing of 81,904.70. The index remained range-bound, hitting intraday high and low at 81,998.51 and 81,744.70, respectively.

14 days ago

Low inflation to give RBI space to cut rates by 50 bps this year: Report

"The benign trend in headline CPI is likely to be perpetuated further by disinflationary impulses from low food prices, GST rate cuts and lack of input price pressures. As such, we expect headline CPI to average at 2.4 per cent year-on-year in FY26, allowing the RBI to cut rates by 25 bps (0.25 per cent) each in October and December," the report stated.

14 days ago

Indian equities deliver 14 pc CAGR in 20 years, investors' wealth multiplies 13 times

In comparison, real estate and the debt market generated more modest returns, compounding annually at 7.7 per cent and 7.5 per cent, respectively, over the last two decades, FundsIndia highlighted in its 'September Wealth Conversation Report'.

14 days ago

Indian rupee struggles at record low; bond traders anticipate Fed rate cut

Indian rupee and bonds traders will wait for the Federal Reserve's widely expected interest rate cut this week, a move that may not relieve pressure on the currency that has plumbed to lifetime lows for two straight weeks.

14 days ago

GST reforms have reduced the tax burden on people: Nirmala Sitharaman

GST reforms in food processing and logistics sectors to empower consumers, industry

Food items like ultra-high temperature (UHT) milk, paneer/chena, breads like paratha/parotta, khakhra, chapati/roti and pizza bread have been exempted from GST. The indirect taxes on packaged food/snacks, chocolates, sauces, juices, coffee, etc. have been reduced to 5 per cent, boosting demand and industry growth.

14 days ago

Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Nifty, Sensex open flat as investors wait for fresh cues, US Fed meet outcome

As of 9.30 am, the Sensex was up 4.5 points or 0.005 per cent at 81,909, and the Nifty was up 4.15 points or 0.017 per cent at 25,118. The broadcap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.26 per cent, and the Nifty Small cap 100 moved up 0.53 per cent.

14 days ago

From morning tea to dinner, GST benefits in everything: FM Sitharaman

"Some may have criticised me, saying I only know how to put people in trouble, but we're working for the nation. State ministers have been part of the GST Council since its inception, and this decision was made collectively," FM Sitharaman added.

15 days ago

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