Asia

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

The upcoming wedding season in India which will extend from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore from 48 lakh weddings which constitutes a 41 per cent increase over the corresponding figure of Rs 4.25 lakh crore recorded for 35 lakh weddings last year, according to a study carried out by the Confederation of All India Traders (CAIT).

Nov 5, 2024

India's home textiles industry to see 6-8 pc growth this fiscal

India's home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday.

Nov 5, 2024

Sensex sheds over 900 points, all eyes on US election and Fed data

Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1 per cent each, amid uncertainty over the results of the US presidential election and the Federal Reserve's monetary policy meeting this week.

Nov 4, 2024

India's goods exports to top countries record double-digit surge

India's diversified export basket driving overall growth

India's export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country's exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.

Nov 4, 2024

Sensex crashes 1300 pts, Nifty at four-month low

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

Nov 4, 2024

Sensex snaps five-day losing streak, Nifty closes above 24,300

Sensex Plummets 1300 Points, Nifty Hits Four-Month Low

The Indian stock market saw a significant downturn on November 4, with heavy selling in various sectors. This decline was reflected across almost all sectoral indices, with only a few companies trading in green.

Nov 4, 2024

IPO market buzz continues next week with 3 new public issues

India's consumer spending on goods to grow 7 pc in next 5 years

India's consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.

Nov 4, 2024

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

Facebook India saw its profit surge by 43 per cent in the last fiscal (FY24), riding on digital advertising and support services offered to its parent company Meta in the US.

Nov 2, 2024

Investors' wealth surges by Rs 128 lakh cr in last Samvat 2080

As the Indian stock market ended Samvat year 2080, investors' wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year.

Nov 1, 2024

Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.

Oct 31, 2024

Stock Markets: Sensex, Nifty open flat on Diwali, L&T and Sun Pharma top losers

On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.

Oct 31, 2024

Diwali 2024: Muhurat Trading Tomorrow, know tradition, time, and history

The new Samvat or Hindu New Year begins at the time of Diwali. During this time, many investors believe that trades made during Muhurat draw prosperity for the year ahead.

Oct 31, 2024

Sensex closes 151 points down, Reliance and Tata Motors top losers

Sensex closes down by 426 points, banking stocks top losers

Indian equity indices snapped a two-day gaining streak and ended in the red on Wednesday as selling was seen in the large-cap stocks like Infosys, ICICI Bank, Kotak Mahindra Bank, M&M, SBI, and HCL Tech.

Oct 30, 2024

National Stock Exchange crosses 20 crore client accounts

The National Stock Exchange of India (NSE) on Wednesday announced that total number of client accounts at the exchange have surpassed 20 crore, from 16.9 crore eight months ago.

Oct 30, 2024

India gold reserves up 60 pc with 102 tonnes in April-Sept period: RBI data

As gold prices continue to surge amid geo-political tensions, the Reserve Bank of India (RBI) had 854.73 metric tonnes of gold as of September 30 and out of which, 510.46 metric tonnes were held domestically.

Oct 30, 2024

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