Business news

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

GST Reforms Fuel Market Confidence Despite Global Headwinds

"However, the rally lost momentum toward the end of the week as investors turned cautious due to profit booking and external headwinds. A spike in the 10-year Indian government bond yield also raised concerns about the fiscal position in light of the GST reforms," said Vinod Nair, Head of Research, Geojit Investments Ltd.

8 days ago

India's forex reserves jump $1.49 billion to $695.11 billion

An increase in the country's foreign exchange kitty gives the RBI more headroom to strengthen the rupee vis-a-vis the US dollar. Adequate forex reserves enable the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall and curbing its volatility.

9 days ago

Gold prices slip as dollar strengthens ahead of Powell speech

Gold prices edged lower on Friday on a stronger dollar while investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium that could offer fresh clues on the monetary policy path.

9 days ago

Stock market ends 6-session winning streak amid weak global cues

Sensex ended the session at 81,306.85, down 693.86 points or 0.85 per cent. Ending upward momentum, the 30-share index opened the session in negative territory at 81,951.48 against last session's closing of 82,000.71. The index further extended the losing momentum to hint intra-day low at 81,291.77 amid overall selling.

9 days ago

India's Online Gaming Bill 2025: Forging bright future for esports and responsible digital gaming

Finally India's Online Gaming Bill, 2025 is more than a regulatory exercise. It is a visionary framework that combines growth with accountability, freedom with responsibility, and innovation with ethics.

9 days ago

Indian stock market opens lower amid mixed global cues

Broader markets started the day mixed, as the Nifty midcap 100 index edged up slightly by 0.06 per cent, while Nifty smallcap index 100 fell by 0.24 per cent.

9 days ago

India's growth story strong as capital markets hit $5 trillion: DIPAM Secretary

Speaking at the 22nd edition of FICCI's Annual Capital Markets Conference (CAPAM 2025) here, Chawla said that the government has developed a composite growth and asset management strategy to strengthen capital markets in an integrated way.

10 days ago

States back GST revamp: Panel endorses two-rate structure, eyes October rollout

India's federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates, but a state ministers' panel has endorsed the new rate structure, state ministers said on Thursday.

10 days ago

Air India flight returns to Jaipur, minutes after take-off due to suspected technical snag

Indian airlines report heavy losses in FY25; Air India, Air India Express worst hit

By contrast, IndiGo, the country's largest airline, reported a pre-tax profit of Rs 7,587.5 crore during the year -- highlighting its continued dominance in the domestic market. The provisional data also revealed the mounting debt levels of Indian carriers. Air India's debt stood at Rs 26,879.6 crore, while IndiGo's debt was much higher at Rs 67,088.4 crore.

10 days ago

Indian stock market opens higher, Sensex above 83,400

Indian stock market ends higher amid GST rate overhaul

Sensex closed at 82,000.71, up 142.97 points or 0.17 per cent. Continuing the rally for the fourth consecutive session, the 30-share index opened with a decent gap-up at 82,220.46 against last session's closing of 81,857.84. However, the index remained range-bound amid profit booking in the Auto and FMCG sectors.

10 days ago

Nazara Tech shares tumble as India moves to ban online money games

Shares of Nazara Tech slumped over 21% in two sessions and were headed for their steepest two-day fall on Thursday, after India's lower house of parliament passed a bill banning online games involving monetary stakes, which analysts warned could make the sector "infeasible."

10 days ago

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India Inc's steepest earnings downgrades slashes forecasts amid US tariffs threat

Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks to growth even if proposed domestic tax cuts help cushion the impact.

10 days ago

India's economy continues on fast-growth track: CEA Nageswaran

India's private sector sees record expansion in August; signals booming economy

India's private sector activity expanded at the fastest pace on record in August, powered by a historic surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a survey showed on Thursday.

10 days ago

Stock market gains in early trade, Nifty holds at 25,000 amid mixed global cues

In the Nifty pack, SBI Life Insurance led the gainers with 1.20 per cent surge. Bajaj Finserv, Trent and Tata Motors were the other major gainers. Hindustan Unilever Ltd (HUL), Tata Consumer Products, JSW Steel and Asian Paints were major losers.

10 days ago

Rupee slips as corporate hedging boosts dollar demand

The Indian rupee slipped on Wednesday, as corporate hedging and short-term speculators bolstered demand for the greenback, most of which was met by dollar sales by foreign banks.

11 days ago