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(RTTNews) - India shares look set to open on an upbeat note on Wednesday after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline. Risk-on sentiment returned to global markets on optimism that the end of the war lead to a pullback by oil prices and ease inflation concerns. Indian stock markets were closed on Tuesday for Mahavir Jayanti. On Monday, benchma ...Read More >
(RTTNews) - India's private sector activity continued to expand sharply in December, though at the weakest pace in ten months amid softer growth seen across both the manufacturing and service sectors, flash survey results from S&P Global showed on Tuesday. The HSBC flash composite output index dropped to 58.9 in December from 59.7 in November. However, a score above 50 indicates expansion in the sector. Factory activity logged the slowest improvement in two years as the Manufacturing PMI decli ...Read More >
(RTTNews) - Indian shares opened on a sluggish note Tuesday, with lingering uncertainty around tariffs and caution ahead of key U.S. jobs and inflation data due this week keeping investors on edge. The benchmark BSE Sensex dropped 353 points, or 0.4 percent, to 84,859 while the broader NSE Nifty index was down 106 points, or 0.4 percent, at 25,914. Tata Power was down about 1 percent after it unveiled plans to invest around Rs. 25,000 crore in capital expenditure during the current financial y ...Read More >
(RTTNews) - Indian shares are seen opening lower on Tuesday, tracking weak cues from global markets in the run-up to the release of key U.S. economic data that could offer clarity on the economic and rate outlook. Meanwhile, media reports suggest that India and Mexico are negotiating a limited preferential trade agreement to address the impact of Mexico's proposed 50 percent tariffs on Indian exports. Mexico is India's third-largest car export destination after South Africa and Saudi Arabia. ...Read More >
(RTTNews) - Indian shares were moving lower on Monday amid concerns over persistent selling by FIIs and renewed uncertainty around U.S.-India trade negotiations. Global sentiment also remains fragile as investors continue to reduce exposure to tech stocks on valuation concerns. The benchmark BSE Sensex was down 320 points, or 0.4 percent, at 84,946 in early trade, while the broader NSE Nifty index dipped 105 points, or 0.4 percent, to 25,941. Among the prominent decliners, TMPV, Power Grid Co ...Read More >
NEW DELHI: Employees' Provident Fund Organisation's (EPFO) move to allow withdrawals of up to 75% of the corpus will make life easier for its over 7 crore subscribers, while the norms around 25% balance are meant to ensure a healthy kitty, without imposing any restrictions on pension or PF payment at the time of retirement, a top official said. "The idea is to empower members and repose trust. The changes are meant to pave the way for automated settlement of claims," Central Provident Fund commi ...Read More >
(RTTNews) - India's jobless rate rose in September after declining in the previous two months, mainly due to a notable increase in unemployment among women, data from the statistics ministry revealed on Wednesday. The unemployment rate among persons of age 15 years and above climbed to 5.2 percent from 5.1 percent in August, based on a current weekly status approach, according to the Periodic Labor Force Survey of the ministry. The rate peaked at 5.6 percent in May and June. The jobless rate f ...Read More >
(RTTNews) - India's industrial output growth eased slightly in August after a spike in July, and growth was led by a strong performance in the mining sector and production of infrastructure goods, preliminary data from the statistical ministry showed on Monday. The industrial production index rose 4.0 percent year-on-year, which was far less than the 5 percent increase economists had expected. The pace of growth slowed from 4.3 percent in July, which was revised from the 3.5 percent initially ...Read More >
(RTTNews) - India's wholesale prices increased in August after falling in the previous two months, provisional data from the Ministry of Commerce and Industry revealed on Monday. The wholesale price index, or WPI, rose 0.52 percent year-over-year in July, reversing a 0.58 percent fall in June. The expected rise was 0.30 percent. Food prices logged a renewed increase of 0.21 percent annually in July, while the price decline in primary articles eased to 2.10 percent annually from 4.95 percent in ...Read More >
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