Business

Stock markets show marginal rise amid risk of global spillover; Investors await Gujarat and HP assembly election results

The Indian benchmark indices showed marginal improvement after opening on a flat note, taking cues from weak global cues. BSE Sensex was trading higher than the 62,500 mark and opened at 62,504 points and NSE Nifty-50 surpassed the 18,600 mark after opening at 18,570 points.

Dec 8, 2022

Homegrown VC firm Blume Ventures closes its 4th fund at over $250 mn

Unacademy, Zomato-backer Blume Ventures raises over $250 million; its largest-ever fund [details]

Homegrown venture fund Blume Ventures, which focuses on early-stage technology-led startups, on Wednesday announced it has closed its Fund IV at over $250 million, bringing the firms asset under management (AUM) to over $600 million.

Dec 7, 2022

RBI hikes repo rate by 35 basis points to 6.25%, expects inflation to remain high

Reserve Bank of India Governor Shaktikanta Das announced 35 basis points rake hike in its bi-monthly monetary policy meeting today. The rate hike was primarily aligned with market expectations of a 25-35 basis points hike. The repo rate now stands at 6.25% from 5.90%.

Dec 7, 2022

Morgan Stanley raises index targets for Asia and emerging markets

Investment advisory firm Morgan Stanley has raised Asia and emerging market (EM) index targets in its latest report titled "Asia Emerging Markets Strategy: New Bill Run Market Continues", which was released on Monday.

Dec 6, 2022

Stock market opened on sluggish note on the back of better-than-expected US job report, Indian investors wait for MPC outcome

Indian benchmark indices continue to tumble as investors wait for the outcome of the MPC meeting that began on 5th December and will be concluded on 7th December. BSE Sensex continues to trade 250-300 points lower after opening at 62,395 points and NSE Nifty-50 also remains well below the 18,700 mark after opening at 18,600 points.

Dec 6, 2022

India deepens trade ties with Australia; exporters gear up, excited for "dawn of new era" [In-depth]

India and Australia signed Economic Cooperation and Trade Agreement (ECTA) on 2nd April 2022 and committed to producing conducive results by the end of the year. Commerce and industry minister Piyush Goyal described the implementation of the free trade pact as "the dawn of a whole new era."

Dec 5, 2022

RBI's MPC meeting this week: Takeaways can be more than repo rate hike

Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions.

Dec 5, 2022

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Sensex, Nifty: Monday blues bring market momentum further down

The benchmark BSE Sensex opened at 62,865 and currently trading at 62,611 points, down 270 points or trading at 0.41% lower and Nifty-50 of NSE also opened below 19,000 mark and currently trading at 18,625 points, down 70 points or trading at 0.39% lower.

Dec 5, 2022

Stock market tanks for the first time after 8th consecutive rise

The domestic benchmark BSE Sensex and NSE nifty-fifty slumped on Friday, owing to the global uncertainty after a sustained rise of 8 days. The BSE is trading below the 63,000 mark and Nifty-fifty is also operating in red at 18,704 points.

Dec 2, 2022

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Why eatables sold at multiplexes cost you a bomb? Govt explains

Department of Consumer Affairs frequently receives complaints of overcharging, more than the maximum retail price (MRP)

Nov 24, 2022

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