Tag: Business News

China lowers economy growth target to 4.5-5% amid global, domestic uncertainties

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China lowers economy growth target to 4.5-5% amid global, domestic uncertainties

Chinese Premier Li Qiang gestures as he speaks during the opening session of the National People’s Congress (NPC) in Beijing | Photo Credit: AP China on Thursday (March 5, 2026) lowered its GDP target to 4.5-5% for this year in the face of Donald Trump’s trade tariff war, the worsening global crisis following the US-Iran…

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World

Siemens Makes Biggest Acquisition Since 2020 with $10.6 Billion Altair Deal

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Siemens Makes Biggest Acquisition Since 2020 with .6 Billion Altair Deal

Siemens announced a $10.6 billion deal to buy US engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company’s presence in the fast-growing industrial software market. Still, there was some concerns about the high price Siemens paid for Michigan-based Altair. The offer price of $113 per share represents a premium of…

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World

Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024

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Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024

File picture of Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on Thursday (September 5, 2024) said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. In the inaugural address at FIBAC 2024, the governor…

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Business

Markets rebound in early trade on foreign fund inflows

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Markets rebound in early trade on foreign fund inflows

Image used for representational purpose. | Photo Credit: Reuters Benchmark equity indices rebounded in early trade on Thursday (September 5, 2024) amid steady foreign fund inflows along with buying in frontline stocks Reliance Industries and HDFC Bank. The 30-share BSE Sensex rebounded 264.85 points to 82,617.49 in early trade. The NSE Nifty climbed 76.75 points…

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Business

Rupee rises 2 paise to 83.96 against U.S. dollar

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Rupee rises 2 paise to 83.96 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters The rupee rose 2 paise to 83.96 against the U.S. dollar in early trade on Wednesday (September 4, 2024) aided by a weakening dollar against major currencies overseas and a drop in crude oil prices. The dollar index, which gauges the greenback’s strength against a basket…

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Business

Gautam Adani surpasses Mukesh Ambani to become richest Indian according to 2024 Hurun India Rich List

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Gautam Adani surpasses Mukesh Ambani to become richest Indian according to 2024 Hurun India Rich List

Combination image of Mukesh Ambani and Gautam Adani. File | Photo Credit: ANI Recouping the dent caused by the Hindenburg Research report, Gautam Adani’s networth shot up 95% to ₹11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday. Reliance Industries Chairman and Managing…

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Business

Rupee rises 1 paisa higher against U.S. dollar in early trade

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Rupee rises 1 paisa higher against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Vivek Prakash The rupee opened 1 paisa higher at 83.67 against the U.S. currency on August 1 after the Federal Reserve held the rates, but said a September rate cut could be on the table. The U.S. dollar declined marginally in overseas markets but Brent crude oil…

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Business

Opposition Rubbishes NDA Budget With "Kursi Bachao" Tag

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Opposition Rubbishes NDA Budget With "Kursi Bachao" Tag

The first budget of Prime Minister Narendra Modi’s third term has been received with disdain by the newly-strengthened Opposition. While the Congress has been sharp in its criticism, its INDIA bloc allies have been unanimous that this is a “kursi bachao (save the chair)” budget. The term has been coined by Mamata Banerjee’s Trinamool Congress,…

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Business

Rupee rises 3 paise to close at 83.58 against U.S. dollar

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Rupee rises 3 paise to close at 83.58 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the U.S. dollar on July 16, on firm domestic markets and sustained inflow of foreign capital. Forex traders said a decline in crude oil prices favoured the…

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Business

Markets decline in early trade after record rally

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Markets decline in early trade after record rally

Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Benchmark equity indices declined in early trade on July 5 amid profit-taking after a record rally in the last few trading sessions and selling in blue-chips HDFC Bank and ICICI Bank. The 30-share BSE Sensex plunged 504.27 points to 79,545.40. The NSE Nifty slipped…

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Business